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Inst 2010195830
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Inst 2010195830
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Last modified
9/13/2010 11:41:26 AM
Creation date
6/28/2010 2:59:00 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/16/2010
Recorded Document Type
Development Agreement
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PERM
Document Relationships
Ord 2010-007
(Approved by)
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\City Clerk\City Council\Ordinances\2010
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May 25, 2010 -Execution Copy <br />(k) Fire Fighting Contribution. Developer shall pay the sum of $655,877 to the <br />City earmarked for the purchase of heavy rescue apparatus suited to serving <br />the Project and other high-rise acute medical care facilities, in combination <br />with other funding sources. This contribution represents Developer's fair- <br />share of a total apparatus cost of $992,250, as estimated by the Alameda <br />County Fire Department. Developer shall pay its Fire Fighting Contribution <br />at the earlier of the issuance of the Certificate of Occupancy for the Hospital <br />Support Building and at such time as the City raises the balance of the fees <br />to purchase the equipment. <br />Section 3.03. The Marina Interchange Project. Developer has contributed <br />$5,071,776 (the "Medical-Retail Contribution") towards the overpass and <br />access ramp improvements at Marina Blvd. and Highway 880 (the "Marina <br />Interchange Project"). Developer and the City have previously determined <br />through a fair share traffic analysis that Developer can be allocated 1.8.4% of <br />the previously estimated cost of the improvements necessary for the Marina <br />Interchange Project for the Medical and Retail portions of the Project. The <br />Medical-Retail Contribution shall be deemed to satisfy the obligations of the <br />Project with respect to the Marina Interchange Project. <br />Section 3.04. Community Impacts Fund. Because the Medical Center will be <br />largely exempt from property taxes, Developer shall make aone-time <br />payment of Three Million One Hundred Thousand Dollars ($3,100,000.00) <br />as a contribution towards various improvements, amenities and services <br />benefiting the City and to further mitigate potential impacts from the Project <br />(the "Community Impacts Fund"). The City estimates that any negative <br />fiscal impact from the Project will also be substantially mitigated by positive <br />economic activity resulting from the presence of the Kaiser Medical Center <br />Project and the Retail Project in the City. The Community Impacts Fund <br />shall be paid within thirty (30) days after the issuance of the first building <br />permit for Kaiser Phase 1, whether issued by the City or the Office of <br />Statewide Health Planning and Development ("OSHPD"). The Community <br />Impacts Fund shall be paid to the City general fund, to be used, at the sole <br />discretion of the City Council, for any purposes permitted under the law. <br />(a) Development Fees for Street Improvements ("DFSI"~. Developer and the <br />City acknowledge that Developer has previously paid the Medical-Retail <br />Contribution; has made a number of off-site infrastructure improvements to <br />the roadway system; and is agreeing to the formation of an assessment <br />district related to street improvements. In light of these concessions, and in <br />lieu of paying the DFSI, Developer will pay the Community Impacts Fund <br />based in part on an in-lieu calculation for DFSI for Kaiser Phase 1 mutually <br />agreed to by the City and Developer. For Kaiser Buildout and the Retail <br />Project, the DFSI fee shall be based on the fee amounts in place at the time a <br />building permit is issued, with credit against the full fee amount granted for <br />dedicated improvements, in accordance with City policy. <br />Page 8 of 36 <br />1424669.1 Kaiser Medical Center and Retail Project Development Agreement <br />
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