CIC Resolution 89-38COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 89-38
AMENDING THE AFFORDABLE HOUSING AGREEMENT
BETWEEN THE COMMUNITY IMPROVEMENT COMMISSION
AND MARINA VILLAGE BY PARTIAL TERMINATION THEREOF
WHEREAS, the Community Improvement Commission and Marina
Village entered into an Affordable Housing Agreement in September
1985; and
WHEREAS, the
housing units within
Area of which 15% of
in consideration for
Allocation Bonds and
agreement called for a phased development of
the West End Community Improvement Project
the housing units would be affordable units
assistance from the proceeds of the Tax
the Tax Increment Set-Aside; and
WHEREAS, Marina Village has constructed 130 residential
units in the project area of which seven (7) were sold as
affordable units to qualified households; and
WHEREAS, the Community Improvement Commission and the
Alameda Housing Authority have entered into an agreement for the
provision of affordable housing; and
WHEREAS, the Community Improvement Commission and Marina
Village wish to terminate as to the future provision of
affordable housing the Affordable Housing Agreement between them.
NOW, THEREFORE, BE IT RESOLVED that the Community
Improvement Commission of the City of Alameda hereby approves and
authorizes the agreement, terminating, except with respect to
obligations of Marina Village to provide and the financing
provided for the seven affordable residential units sold to
qualified households, the Affordable Housing Agreement.
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 regular meeting assembled on the 17th of January, 1989,
by the following vote, to wit:
AYES: Commissioners Arnerich, Camicia, Monsef and
Acting Chairman Thomas - 4.
N3ES: None.
ABSENT: Mayor Corica - 1.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the official seal of said Commission this 18th day of
January, 1989.
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ave
Diane FAsch, Secretary
Community Improvement Commission
arbara Thomas, Acting Chairman
Community Improvement Commission