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File Number: 12 -123 environmental constraints of the area. The CAC participated in a visioning process to create a shared vision for the area which included amenities such as a hotel and conference center with banquet facilities, full- service quality restaurants, small restaurants and a cafe, retail, open space for public events, professional offices, multi - family residential housing, a museum/ interpretive center, boat and kayak rentals. After evaluation of numerous discussion plans, in June 2010, the CAC reached consensus on a plan for the land -side development. In order to determine positioning of the buildings and amenities and to proceed with the project, Cal -Coast requested information from the City Council regarding the future of the harbor basin. To assist the City Council in determining additional options for the harbor basin, a consultant was retained to develop three alternatives which retain aquatic recreational opportunities, coordinate with existing and potential land -side uses and establish equilibrium with the natural sedimentation process. The City Council requested CAC input on the two preferred harbor basin alternatives: the creation of a Marina Park which retained limited boating activity; and the creation of an Aquatic Park which emphasized hand - powered watercraft. Cal -Coast performed a financial feasibility study of the two alternatives to evaluate if revenue generated from the land -side development could support the initial capital costs and on -going maintenance costs of the two alternatives. It was found that the Marina Park alternative would result in a net cost to the City of approximately $11.1 million over 20 years and that the Aquatic Park alternative would result in a net gain to the City of approximately $6.85 million over 20 years. At their July 20, 2011 meeting, the CAC voted to support Discussion Plan 8 for the land -side development at the Shoreline and that the City maintain the boat harbor for as long as feasible, then move to the Aquatic Park alternative should additional revenue not be identified. Discussion Plan 8 and the Aquatic Park alternative have been renamed the Conceptual Master Plan for the Shoreline area and are included as Exhibit B in the ENRA before the City Council this evening. Analysis A new ENRA is proposed to incorporate the Conceptual Master Plan as the blueprint for the shoreline development project and to address specifics regarding responsibilities, phasing, and fees. The ENRA before you for consideration includes the following provisions: General: A three year term with the ability to extend twice for an additional 18 months for a total of up to six years. City to retain ownership of the site. Requirement that the project be fiscally neutral with respect to the City's General Fund. No deposit is required in recognition of the expenses incurred to date by Cal- Coast. • Project description, including the approximate size of the various buildings and uses and phasing of the features to ensure that residential units cannot be occupied until the City of San Leandro Page 2 Printed on 312712012