Ordinance 2917CITY OF ALAMEDA ORDINANCE NO. 2917
New Series
APPROVING SALE OF PROPERTY ASSOCIATED WITH
THE BRIGESIDE SHOPPING CENTER FROM THE
CITY OF ALAMEDA TO THE COMMUTY IMPROVEMENT COMMISSION
WHEREAS , the Community hnprovement Commission of the City of Alameda
Commission ) . is canyng out the Communty hnprovement Plan ("Plan ) for theBusiness and Waterftont hnprovement Project ("Communty hnprovement Project"); and
WHEREAS , the Commission has approved a Disposition and DevelopmentAgreement ("DDA") by and between the Commission and Regency Realty Group, Inc.
Developer ), dated December 3 , 2003 , which provides for the acquisition and sale of
certain real property located in the City of Alameda bounded by Blanding Avenue
, TildenWay, and the Oakland Estuar, which , as and if assembled , is approximately 9.0 acres insize (the "Site ) to the Developer for constrction and installation of an approximately
108 000 square foot community shopping center consisting of an approximately 58
660square foot high-quality grocery store , in-line retail space and offce space , out parceluses and appurenant on-site and off-site improvements; and
WHEREAS , the Commssion desires to purchase the City Parcel from the City for
a sum of One Dollar ($1.00) and transfer it to the Developer in accordance with the
DDA; and
WHEREAS , pursuant to City Charter section 3-, no real property of the City
shall be leased for a period in excess of one year or sold , except upon the affirmation vote
of four members of the City Council.
NOW , THEREFORE , BE IT ORDAID by the Council of the City of Alameda
and by four affirmative votes that:
Section 1.The City Manager of the City of Alameda is hereby authorized to
execute, for and on behalf of the City of Alameda , the transfer of the above referenced
Site ftom the City of Alameda to the Community hnprovement Commssion for a sum of
One Dollar ($1.00).
Section 2 . This ordinance shall be in full force and effect from and after the
expiration of thirty (30) days from the date of its final passage.
Presiding Officer of the Countj,t
Attest:
, the undersigned, hereby certify that the foregoing Ordinance was duly and regularly
adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 20
day of January, 2004 by the following vote to wit:
AYES:Councilmembers Daysog, Gilmore , Kerr, and , Matarrese - 4.
NOES:None.
ABSENT:Mayor Johnson - 1.
ABSTENTIONS:None.
IN WITNESS , WHEREOF , I have hereunto set my hand and affxed the official seal of said City ths
day of January, 2004.
erk
City of Alameda