Ordinance 2963CITY OF ALAMEDA ORDINANCE NO. 2963
REPEALING THE EXISITING TIME LIMIT ON INCURRING DEBT
FOR THE COMMUNITY IMPROVEMENT PLAN FOR THE BUSINESS AND
WATERFRONT IMPROVEMENT PROJECT
WHEREAS , the City Council of the City of Alameda (the "City Council"
adopted Ordinance No. 2559 on June 18 , 1991, approving and adopting the
Community Improvement Plan (the "Community Improvement Plan ) for the
Business and Waterfront Improvement Project (the "Project"); and
WHEREAS, the City Council amended the Community Improvement
Plan by Ordinance No. 2681, adopted on December 7, 1994 and Ordinance No.
2835 , adopted on June 7 , 2000 and Ordinance No. 2844, adopted on
September 20 , 2000 and Ordinance No. 2857 , adopted on April 3 , 2001 and
Ordinance No. 2896 , adopted on March 18, 2003 and
WHEREAS , Section 502 of the Community Improvement Plan for the
Project provides that
, "
the Commission shall not establish or incur loans
advances or indebtedness to finance in whole or in part the Project beyond
twenty-five (25) years from date of adoption of this Plan. loans , advances , and
indebtedness may be repaid over a period of time beyond said time limit." and
WHEREAS, the Community Improvement Commission of the City of
Alameda (the "Commission ), has been designated as the official
redevelopment agency in the City of Alameda to carry out 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 Plan; and
WHEREAS , Section 33333.6 of the Community Redevelopment law , as
amended by SB 211 which took effect on January 1 , 2002 , authorizes
redevelopment agencies to repeal the time limit on the establishment of loans
advances, and indebtedness contained in redevelopment plans.
NOW , THEREFORE, THE CITY COUNCil OF THE CITY OF
ALAMEDA , CALIFORNIA , DOES HEREBY ORDAIN AS FOllOWS:
Section . The Community Improvement Plan for the Business and
Waterfront Improvement Project is hereby amended to repeal the time limit on
the establishment of loans , advances , and indebtedness established by
Ordinance No. 2559.
Section 2 . Ordinance Nos. 2259 , 2681 2835,2844 2857 , and 2896 ar
continued in full force and effect as amended by this Ordinance.
Section 3 . The City Clerk is hereby directed to send a certified copy of
the Ordinance to the Commission.
I t*
Section 4 Severability If any part of this Ordinance is held to be invalid
for any reason, such decision shall not affect the validity of the remaining
portion of this Ordinance, and this City Council hereby declares that it would
have passed the remainder of this Ordinance if such invalid portion thereof had
been deleted.
Section 5 Certification of Passaqe; Postinq . The City Clerk wil certify to
the passage of that Ordinance by the City Council of the City of Alameda and
cause the same to be posted in three s icuous places in the City of
Alameda , and it will take effect on th day r its final passage.
Attest:
LQ9-
Lara Weisiger , City Cle
City of Alameda
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, 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 February, 2007 by the following vote to wit:
AYES:Councilmembers deHaan , Gilmore, Matarrese, Tam and
Mayor Johnson - 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 21 day of February, 2007.
l;(
Lara Weisiger , City Cler
City of Alameda