Resolution 14702CITY OF ALAMEDA RESOLUTION NO. 14702
ELECTING TO RECEIVE A PORTION OF THE TAX INCREMENTS FROM
THE EXCHANGE AREA OF THE BUSINESS AND WATERFRONT
IMPROVEMENT PROJECT PURSUANT TO HEALTH AND SAFETY CODE
SECTION 33607.5
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;
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 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 the Council of the City of Alameda in a regular
meeting assembled on the 19th day of June, 2012, by the following vote to wit:
AYES: Councilmembers Bonta, deHaan, Johnson, Tam and
Mayor Gilmore — 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 20th day of June, 2012.
Lara Weisiger, C
City of Alameda