Resolution 14750CITY OF ALAMEDA RESOLUTION NO. 14750
ELECTING TO RECEIVE A PORTION OF THE TAX INCREMENTS FROM THE
EXCHANGE AREA OF THE BUSINESS AND WATERFRONT IMPROVEMENT
PROJECT AREA PURSUANT TO HEALTH AND SAFETY CODE SECTION
33607.5 AND ACKNOWLEDGING RECEIPT OF PRIOR PASSTHROUGH
PAYMENTS
WHEREAS, the City Council of the City of Alameda, California (the "City
Council "), adopted Ordinance No. 2559 on June 18, 1991, approving and
adopting the Community Improvement Plan for the Business and Waterfront
Improvement Project (the " BWIP Plan "); and
WHEREAS, on April 1, 2003, the City Council adopted Ordinance No.
2896 amending the BWIP Plan to add certain area formerly located with the
Alameda Point Improvement Project, generally known and referred to herein as
the "Exchange Area "; and
WHEREAS, Section 33607.5(b) of the Health and Safety Code provides
that if a redevelopment is adopted prior to January 1, 1994, but is amended to
add area after January 1, 1994, the community that adopted the redevelopment
project area may elect to receive and the agency shall pay to it an amount equal
to the community's proportionate share of 25 percent of the tax increments
received by the agency from the area added after January 1, 1994, after the
amount required to be deposited in the Low and Moderate Income Housing Fund
has been deducted (the "City Election "); and
WHEREAS, the City Council has considered and wishes to make the City
Election for the Exchange Area portion of the BWIP Plan; and
WHEREAS, the City of Alameda elected to receive passthrough payments
under Health and Safety Code 33607.5 prior to the effective date of AB1x26 and
the City Manager acted upon the resolution such that passthrough payments
were received by the City prior to the passage of AB1xc26; and
WHEREAS, the prior resolution adopting the passthrough election has not
been located and the City of Alameda has therefore been unable to provide the
resolution to the County Auditor for the purpose of continuing the receipt of
passthrough payments under AB1x26;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ALAMEDA
DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City Council hereby elects to receive payments pursuant to
the City Election from the Exchange Area of the BWIP Plan for each fiscal year in
which the Successor Agency to the former Community Improvement Commission
of the City of Alameda ( "Successor Agency ") receives tax increment from the
Exchange Area.
Section 2. The City Council hereby acknowledges the City's receipts of
prior passthrough payments and ratifies and confirms the election it previously
made to receive passthrough payments under Health and Safety Code section
33607.5;
Section 3. The City Clerk is hereby directed and authorized to transmit a
copy of this resolution to the tax collector of Alameda County.
I, the undersigned, hereby certify that the foregoing Resolution was duly
and regularly adopted and passed by Council of the City of Alameda in special
meeting assembled on the 11th day of December, 2012 by the following vote to
wit:
AYES: Councilmembers deHaan, Johnson, Tam and
Mayor Gilmore — 4.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 12th day of December, 2012.
Lara Weisiger, City
City of Alameda