ARRA Resolution 31ALAMEDA. REUSE AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 3 Z
ESTABLISHING A PROCEDURE FOR
THE DISPOSITION OF PERSONAL PROPERTY
V IHER.EAS, under the Joint Exercise of Powers Agreement, Article IV.A.3, the Alameda
Reuse and Redevelopment Authority ("ARRA") has the power to dispose of personal property;
and
WHEREAS, on July 19, 2000 the ARRA acquired title to certain personal property
conveyed by the United States Department of the Navy, a list of which is on file in the Alameda
Point Administration office; and
WHEREAS, the ARRA. finds that the disposition of this listed personal property for value
or for public use will benefit the economic reuse of Alameda Point; and
WHEREAS, the desires to create a procedure for the disposition of the listed
personal property referenced herein, and for other surplus personal property.
NOW THEREFORE, BE IT RESOLVED by the Governing Board of the ARRA that:
1 The listed personal property referenced herein may be disposed of consistent with
the procedures set forth below for disposition of surplus personal property;
2) The Executive Director is delegated the authority to declare as surplus, any item
of personal property which is valued at less than $10,000 and which is not required for use by the
ARRA in the administration of its powers and duties pursuant to the Joint Powers Agreement;
3) The Executive Director is delegated the authority to dispose of surplus personal
property consistent with the policy and procedures set forth below:
A. The Executive Director or his /her designee may determine that any surplus
personal property maybe retained or transferred for public use at no cost if (i) it is needed for a
public purpose by the City of Alameda, or (ii) a nonprofit corporation which has entered into a
written agreement with the AP.P.A or received .a grant from the ARRA or the City to provide
public services would use the property within the City for public purposes, or (iii) any other
public agency would use the property for public,purposes.
B. The Executive Director or his /her designee may determine that any surplus
personal property may be offered for lease or sale at fair market value to a commercial tenant of
real property owned or leased by the ARRA, where the surplus property is intended to be used on
the leasehold premises by the tenant in connection with the tenant's commercial enterprise. All
proceeds from such lease or sale shall be deposited in the s lease revenue fund.
C. Any surplus personal property not disposed of pursuant to subsection A or
B above, may be sold at public auction to the highest bidder. The Executive Director or his/her
designee may publish once in a newspaper of general circulation in the City of Alameda a notice
of his/her intention to sell at a public auction at the time therein specified, certain surplus
personal property. All proceeds received from such sale shall be deposited in the ARAA's lease
revenue fund, after any expenses connected with the sale have been deducted from the proceeds.
The Executive Director shall determine what disposition shall be made of any items of surplus
personal property which remain unsold after public auction as he/she may see fit in the public
interest.
AYES: 5
NOES: o
ABSENT: D
ABSTENTIONS: 0
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11ameda etia Akil, Secretary
Reuse and Redevelopment Authority
Date: June 6 2001
H:\LAKIL\ARRA\RESOLUTN\DISP03l.WPD
ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 33
APPROVING AN ASSIGNMENT AGREEMENT BY AND BETWEEN THE
ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY AND THE
ALAMEDA PUBLIC FINANCING AUTHORITY IN CONNECTION WITH
THE ISSUANCE BY THE ALAMEDA PUBLIC FINANCING AUTHORITY
OF ITS REVENUE BONDS TO FINANCE AND REFINANCE THE
ACQUISITION, CONSTRUCTION, INSTALLATION AND EQUIPPING OF
VARIOUS CAPITAL IMPROVEMENTS TO ALAMEDA POINT (THE
FORMER ALAMEDA NAVAL AIR STATION) AND APPROVING RELATED
DOCUMENTS AND OFFICIAL ACTIONS
WHEREAS, for the purpose of providing funds to finance the acquisition, construction,
installation and equipping of various capital improvements to Alameda Point (the former
Alameda Naval Air Station) and to finance the acquisition, construction, installation and
equipping of various capital irnprovernents for the City of Alameda (the "City the Alameda
z Public Financing Authority (the Authority) has heretofore issued its Alameda. Public Financin
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Authority Variable Rate Demand Revenue Bonds, 1999 Series A (Alameda Point and City of
Alameda Improvement Project), in the aggregate principal amount of $10,000,000 (the "1999
t Bonds and
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WHEREAS, for the purpose of providing funds to (i) refund the 1999 Bonds, ii finance
the acquisition, construction installation and equipping of various additional capital
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improvements to Alameda Point (the "Improvements'') (iii) capitalize interest on the Bonds for
tlu ee years, and (iv) capitalize recurring fees for three .years, the Author' ra oses to issue its
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Alameda Public Financing Authority Variable Rate Demand Revenue Bonds, 2003 Series .A.
(Alameda Point Improvement Project), in the aggregate principal amount of not -to- exceed
$10,000 (the "Series A Bonds and its Alameda Public Financing Authority Taxable
Variable Rate Demand Revenue Bonds, 2003. Series B. (Alameda Point
improvement Proj ect), in
the aggregate principal amount of not to exceed $5,000,000. (the "Series B Bonds" and, with the
Series A Bonds, the "Bonds and
WHEREAS, in order to provide for the repayment of the Bonds, the Authority will pledge
certain revenues, derived primarily from rentals paid to ARRA for certain land, buildings,
fixtures and equipment leased by ARRA to certain subtenants (the "Sublease Revenues which
revenues will be calculated to be sufficient to enable the Authority to pay the principal of and
interest and premium (if any) on the Bonds when due and payable; and
WHEREAS, Union Bank of California, N.A. (the "Bank will issue an irrevocable
direct -pay letter of credit concurrently with the delivery of the Bonds (the "Letter of Credit
pursuant to a reimbursement agreement, by and between the Authority and ARRA and the Bank-
(the "Reimbursement Agreement assuring payment of the principal of and interest on the
Bonds by the Authority, as well as assuring that funds will be available for the redemption of
01016.03
bonds or for the purchase of Bonds tendered or deemed tendered by the owners thereof to the
Trustee, as tender agent (the "Tender Agent's), in accordance with the p rovisions of the
Indenture; and
WHEREAS, the California State Teachers Retirement System (the "Confirming Bank
will issue a stand -by letter of credit concurrently with the delivery of the Bonds pursuant to a
confirmation agreement, by and between the Bank and the Confirming Bank, assuring payment
of the principal of and interest on the Bonds by the Authority, as well as assuring that funds will
be available for the redemption of Bonds or for the purchase of Bonds tendered or deemed
tendered by the owners thereof to the Tender Agent in accordance with. the provisions of the
Indenture, upon failure of the Bank to perform under the Letter of Credit; and
WHEREAS, the Board has duly considered such transactions and wishes at this time to
approve said transactions in the public interests of ARRA.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors (the "Boards') of the
Alameda Reuse and Redevelopment Authority ("ARRA"), as follows:
Section 1. The Board hereby approves each of the following agreements required to
implement the financing plan to be accomplished by the Bonds, in substantially the respective
forms on file with the Secretary together with any changes therein or additions thereto approved
by the Executive Director or the Treasurer, whose execution thereof shall be conclusive evidence
of such approval.
(a) an assignment agreement, by and between ARRA and the Authority, pursuant to
which ARRA will assign the Sublease Revenues to the Authority; and
(b) the Reimbursement Agreement.
The Executive Director or the Treasurer is hereby authorized and directed for and in the
name and on behalf of the Authority to execute, and the Secretary is hereby authorized and
directed to attest and affix the seal of the Authority to, the final form of each of the fore oin
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agreements. The Board hereby authorizes the delivery and performance of the foregoing
agreements.
Section 2. The Executive Director, the Treasurer, the Secretary and any and all other
officers of ARRA are hereby authorized and directed, for and in the name and on behalf of
to do any and all things and take any and all actions, including execution and delivery of
any and all assignments, certificates, requisitions, agreements, notices, consents, instruments of
conveyance, warrants and other documents, which they, or any of there, may deem necessary or
advisable in order to consummate the lawful issuance and sale of the Bonds as described herein.
Whenever in this resolution any officer of ARRA is authorized to execute or countersign any
document or take any action, such execution, countersigning or action may be taken on behalf of
such officer by any person designated by such officer to act on his or her behalf in the case such
officer shall be absent or unavailable.
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Section 3. This Resolution shall tale effect from and after the date of its final passage
and adoption.
1, the undersigned Secretary of the Alameda Reuse and Redevelopment Authority, hereby
certify that the foregoing is a full, true and correct copy of a resolution duly adopted by the Board
of Directors of ARRA, at a meeting thereof on the 2nd day of December, 2003, by the following
vote of the members thereof:
AYES: 5
NOES: D
ABSTAIN: 0
ABSENT: 0
Date: December 4, 2003
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ALAMEDA. LEASE AND REDEVELOPMENT A.UTHORI'T'Y
RESOLUTION NO. 34
AUTHORIZING INTERIM EXPENDITURES OF ALAMEDA POINT OBLIGATIONS IN THE
FIRST QUARTER OF 2004 -2005 FY
WHEREAS, the Alameda Reuse and Redevelopment Authority (ARRA) approved a
budget for Fiscal Year 2003 -2004 Alameda Point operations in June 2003; and
WHEREAS, it is anticipated that lease revenue for Fiscal year 2004 -2005 is
$1.2,472,374 with approximately $2,323,406 lease revenue carryover. In addition, there are
unexpended grant and local matching EDA grant monies to be carried over to FY 2004 -05.
Proposed appropriations for Alameda point operations are $10,867,984; and
WHEREAS', Alameda point appropriations include infrastructure, maintenance and
administration costs; and
WHEREAS, it will be necessary to authorize payment of Alameda Point oblications
until the ARRA budget is adopted.
NOW, THEREFORE, BE IT. RESOLVED by the ARRA hereby approves interim
expenditures prior to the approval of the ARRA Budget for Fiscal Year 2004 -05 at the levels set by
the Alameda Reuse and Redevelopment Authority Budget for FY 2003 -04 in order to pay Alameda
point obligations until the City /ARRA budget is adopted; and
BE IT FARTHER RESOLVED that the ARRA hereby appropriates and approves
expenditure of the remaining unexpended grant and local matching funds for the ED.A. grant
award.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Alameda Reuse and Redevelopment Authority in its regular
meeting assembled on the 15th day of June, 2004, by the following vote to wit:
AYES: .r
NOES: .6r
ABSENT:
AB S TENTIONS
&a�wT rX cel, Secretary
A Reuse Redevelopment Authority
Date: July 1 2004