CIC Resolution 08-157COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 08 -157
APPROVING AND ADOPTING THE OPERATING BUDGET
AND APPROPRIATING CERTAIN MONEYS FOR
THE EXPENDITURES PROVIDED IN FISCAL YEAR 2008 -2009
WHEREAS, there has been submitted to and filed with this Commission at this
meeting, a budget representing a financial plan for conducting the affairs of the
Community Improvement Commission for the City of Alameda for the Fiscal Year
beginning July 1, 2008, and ending June 30, 2009, attached hereto as Exhibit A; and
WHEREAS, the budget as presented includes several major goals as follows:
➢ Shinsei Gardens —the construction of thirty -nine affordable housing
units;
➢ Cateflus Phase H (Alameda Landing) — environmental, financial, and
infrastructure work, including Stargell Avenue Extension;
➢ Alameda Point — in cooperation with ARRA, secure conveyance and
begin the entitlement process and California Environmental Quality Act
activities;
➢ Administer First Time Homebuyer Downpayment Assistance and
Refinance Mortgage Recovery Program
➢ Other public /private projects — Grand Marina housing project, parking
study, and Park Street Streetscape Phase II; and
➢ Business retention — relationships with employers and commercial
brokers.
WHEREAS, the Authority has considered this spending plan.
NOW, THEREFORE, BE IT RESOLVED by the Community Improvement
Commission that said budget as submitted to this Commission at this meeting, and
each and every part thereof, be, and the same is hereby approved and adopted as
the Operating Budget for the Community Improvement Commission of the City of
Alameda for the Fiscal Year 2008- 2009, and that the expenditure of the various
sums of money therein provided to be spent for salaries and wages, maintenance
and operation, and capital outlay listed in detail are hereby approved and authorized
in total as the appropriations for the Fiscal Year ending June 30, 2009; and
BE IT FURTHER RESOLVED that the Commission hereby determines that
pursuant to California Health & Safety Code 33334.3 (Low and moderate income
housing fund) the planning and administrative expenses incurred are necessary for
the production, improvement or preservation of low- and - moderate income housing.
Budget Profile
Community Improvement Commission (ClC)
Fiscal Year 2008-2009
C/C-8VVP 1,287.752 5.3%
C|C-VVEC|P 2.882.315 12.096
Housing 1'306.760 5.4%
R8C Lease Revenue Fund 619.800 2.6Y6
CIC-BWIP Housing 1,023,349 42%
CIC'AP\P 126.870 0.5Y6
FISC - Catellus 11.888.090 49.3%
CIC-APIP Housing 91,675 0496
F|SC'CateUun Ph U 450.000 1.996
F|SC'CoUu|/PnoLogio Ala Landing 4,428.154 18.4%
$ 24`084'565 100.096
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, Alameda Public Financing
Authority, Alameda Reuse and Redevelopment Authority and the Community Improvement
Commission on the 17th day of June, 2008, by the following vote to wit:
AYES: Commissioners deHaan, Gilmore, Matarrese, Tam
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 18th day of June, 2008.
BeveryJohnso
Community Imp
Lara Weisiger, Secretary
Community Improvement t o' mission