4.7 15-1293 Subject: Fruitvale Transit Village 2A - Removal of Development Partner
From: Economic And Workforce Development
Recommendation: Adopt An Emergency Ordinance Pursuant To Charter Section 213 Amending Ordinance No. 13346 C.M.S. And Approving (1) The Removal Of L & M Development Partners, Inc. From The Development Team Of The Fruitvale Transit Village Phase IIA, A Mixed Income Housing Project ("Project"), And As A Party To All Related Documents And (2) Retaining The Spanish Speaking Unity Council Of Alameda County, Inc. And The East Bay Asian Local Development Corporation, Or Any Related Entity, As The Development Team Of The Project And As Parties To All Related Documents And Authorizing The City Administrator Or Designee To Negotiate, Amend And Execute All Necessary Documents, And Adopting CEQA Exemptions; On The July 19, 2016 City Council Agenda As A Public Hearing
During April 6, 2016 City Council Meeting... Regarding NOFA giving the Unity Council $5,000,000. In additional Funding for FVII. An Emergency of the ordinance would have been appropriate then. The Developers knew prior to that City Council Meeting that L & M Development Co had pulled out of the project. There is an article in the San Francisco Business Times Dated March 26, 2016, containing quotes from CEO Iglesias. I believe the failure to disclose should be looked at more closely. Mr Gallegos of the City in this conversation places questions about all of these occurrences. Why the information of L & M 's departure not disclosed? From developer, but more so from individuals inside the City's own departments.
During April 6, 2016 City Council Meeting... Regarding NOFA giving the Unity Council $5,000,000. In additional Funding for FVII. An Emergency of the ordinance would have been appropriate then. The Developers knew prior to that City Council Meeting that L & M Development Co had pulled out of the project. There is an article in the San Francisco Business Times Dated March 26, 2016, containing quotes from CEO Iglesias. I believe the failure to disclose should be looked at more closely. Mr Gallegos of the City in this conversation places questions about all of these occurrences. Why the information of L & M 's departure not disclosed? From developer, but more so from individuals inside the City's own departments.
http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/03/fruitvale-bart-residential-l-m-development.html
As a Citizen. I look at this as very disingenuous. Considering the amount of Public Funds Involved.
They still received their Requested funds… All of them.