ALAMEDA -- Homeowners at Alameda Landing can expect to pay a special tax to help fund roads, sewers and other infrastructure at the new development near the Posey Tube.
On Tuesday the City Council unanimously approved the creation of a community facilities district and to levy the tax as a way to pay back a $20 million bond that will be used for the infrastructure.
Alameda Landing will have 275 homes on about 22 acres near Fifth Street and Willie Stargell Avenue.
Along with an apartment building with 23 affordable units, the project will feature 91 single-family detached homes, 79 two-story condominiums, 56 townhomes and 26 single-level apartments.
The entire housing development will be built in a four-block grid, with each block having its own park, bike lanes and walking paths.
The amount of tax that a homeowner will pay will depend on the property size.
Owners of single family homes can expect to pay from $3,000 to $4,500 annually. The rate for those in multi-unit buildings will range from $1,400 to $3,000.
Owners of commercial property will pay $1.54 per square foot of a building.
No special taxes will be levied on low-income properties, and residents of units designated as moderate income will be taxed at a reduced rate, according to city officials.
The council was also set to consider approving a second community district Tuesday for the new neighborhood as a way to collect another tax to maintain the infrastructure, as well as pay for police and firefighters. But the council put off the item until next month.
The idea behind creating the districts and levying special taxes is to have the redevelopment project pay for itself and not take money from the city's General Fund, and for the project not to become a burden on howeowners in other neighborhoods.
Catellus Development Corp is behind Alameda Landing, which totals about 77 acres at a former U.S. Navy supply center near College of Alameda. A Target store, which will help anchor the project's 22-acre shopping center, opened in October. Up to 400,000 square feet of office space is also planned.
Reach Peter Hegarty at 510-748-1654 or follow him on Twitter.com/Peter_Hegarty.