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CIC Resolution 06-146COMMUNITY IMPROVEMENT COMMISSION RESOLUTION NO. 06-146 APPROVING THE USE OF HOUSING FUNDS TO PAY A PORTION OF THE COSTS OF DEVELOPMENT OF A 39-UNIT AFFORDABLE RENTAL PROJECT WITHIN THE FISC/EAST HOUSING AREA WHEREAS, the City Council adopted Ordinance No. 2141 on July 5, 1983, approving and adopting the Community Improvement Plan, as subsequently amended on January 2, 1985, by Ordinance No. 2222, on December 6, 1994, by Ordinance No. 2682 and on November 20, 2002 by Ordinance No. 2889, for the West End Community Improvement Project (the "WECIP"); and WHEREAS, the City Council adopted Ordinance No. 2559 on June 18, 1991, approving and adopting the Community Improvement Plan, as subsequently amended on December 6, 1994, by Ordinance No. 2691, on July 6, 2000, by Ordinance No. 2835, on September 5, 2000, by Ordinance No. 2844 and on April 3, 2001, by Ordinance No. 2857, for the Business and Waterfront Improvement Project (the "BWIP"); and WHEREAS, Section 33334.2(a) of the Community Redevelopment Law requires that not less than 20% of all taxes allocated to a redevelopment agency from a redevelopment project ("Housing Funds") be used for the purpose of increasing, improving, and preserving the community's supply of low- and moderate-income housing at affordable costs; and WHEREAS, Section 33334.2(g) of the Health and Safety Code provides that the Commission may use Housing Funds outside a project area if a finding is made by resolution of the Commission and the City Council that such use will be of benefit to the project; and WHEREAS, the Commission and the Council have found that the use of BWIP and WECIP Housing funds outside the BWIP and WECIP Project Areas will be of benefit to the BWIP and WECIP, pursuant to Commission Resolution 03-106 and Council Resolutions 13562, 13567 and 13578 and; WHEREAS, the Commission has been designated as the official redevelopment agency to carry out in the City of Alameda the functions and requirements of the Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et seq.) and to implement the Community Improvement Plans for the BWIP and WECIP; and WHEREAS, Section 33071 of the Community Redevelopment Law declares that a fundamental purpose of redevelopment is to expand the supply of low- and moderate- income housing; and WHEREAS, the Commission desires to provide for the construction of a 39 -unit affordable rental project with the East Housing /FISC area. NOW, THEREFORE, BE IT RESOLVED by the Community Improvement Commission that: Section 1: Pursuant to Community Redevelopment Law, the Commission hereby authorizes use of WECIP and BWIP Housing Funds, BWIP Housing Bond proceeds and BWIP In -lieu Funds in an amount not to exceed $4,000,000 that will be provided to Resources for Community Development (RCD), a non - profit affordable housing developer. These funds will be used solely for the 39 -unit affordable housing rental project within the East Housing /FISC area. Other funding that is committed to the project, including City HOME funds, County HOME funds or other grant funds, will diminish the CIC's funding obligation for the 39 -unit project accordingly. The Commission further authorizes the Executive Director or his or her designee to execute the necessary documents related to this loan transaction. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Community Improvement Commission of the City of Alameda in a Special Joint Meeting of the City Council, Community Improvement Commission and the Housing Authority Board of Commissioners held on the 3rd day of October , 2006, by the following vote to wit: AYES: Commissioners Daydog, deHaan, Gilmore, Matarrese, and Chair Johnson - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said Commission this 4th day of October, 2006. Be rly Johnso Community Im Lara Weisiger, Secretary Community Improvement Co i fission ATTACHMENT NO. 3 REDEVELOPMENT LAND USE MAP Attachment No. 3 Proposed Redevelopment Plan Map City of Alameda = Oakland Inner Harbor N. 441,„ d q.171 „ • 411.1fIV ■ Coast Guard Island Legend BWIP Boundary General Plan Land Use [1 L• ow Density Residential L: M• edium Density Residential Neighborhood Business Community Commercial n127 Office Business Park S• pecified Mixed Use General Industry Public/Institutional/School priz72 Commercial Recreation Commercial Recreation (Marina) Federal Facilities Parks/Public Open Space • N 0.35 0.7 Prepared by: Keyser Marston Associates, Inc. Filename: Attachment No. 3.ai, 09/19/06; cb 1.4 Miles I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Community Improvement Commission of the City of Alameda in a Special Meeting of the Community Improvement Commission held on the 3rd day of October , 2006, by the following vote to wit: AYES: Commissioners Daydog, deHaan, Gilmore, Matarrese, and Chair Johnson - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said Commission this 4th day of October, 2006. rly Johnso Community Commission Lara Weisiger, Secreta Community Improvem Commission