CIC Resolution 11-173COMMUNITY IMPROVEMENT COMMISSION
OF THE CITY OF ALAMEDA RESOLUTION NO. 11-
APPROVING (1) AN OWNER PARTICIPATION AGREEMENT ( "OPA ") FOR
DEVELOPMENT OF AFFORDABLE RENTAL HOUSING, AND (2) THE
DISPOSITION OF CERTAIN PROPERTY OWNED BY THE COMMUNITY
IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA ( "CIC ") AT NOT
LESS THAN ITS FAIR REUSE VALUE IN CONNECTION WITH
DEVELOPMENT OF AN AFFORDABLE RENTAL HOUSING PROJECT ON
THE SITE, (3) MAKING CERTAIN FINDINGS WITH RESPECT TO THE
DISPOSITION OF SUCH PROPERTY, AND (4) AUTHORIZING THE ACTING
EXECUTIVE DIRECTOR TO EXECUTE THE OPA AND A QUITCLAIM DEED
TO CONVEY SUCH PROPERTY TO THE HOUSING AUTHORITY OF THE
CITY OF ALAMEDA ( "HOUSING AUTHORITY ")
WHEREAS, the CIC is engaged in activities necessary to carry out and
implement the Community Improvement Plan for the Business and Waterfront
Improvement Project (the "BWIP"); and
WHEREAS, the CIC has adopted the five -year Implementation Plan
covering Fiscal Years 2009/10- 2013/14 for the BWIP (the "Implementation
Plan "); and
WHEREAS, among other things, the Implementation Plan provides for
the implementation of certain activities necessary or appropriate to carry out the
objectives of the Community Improvement Plan in accordance with Community
Redevelopment Law of the State of California (Health and Safety Code
Section 33000 et sec) ( "CRL "); and
WHEREAS, the CIC owns certain real property within the City of
Alameda, commonly known as 2216 Lincoln Avenue (the "Site "), which is
outside the BWIP; and
WHEREAS, the Implementation Plan identified specific affordable
housing projects to be developed over the next five (5) years, including
development of a 19 -unit multifamily affordable rental housing on the Site; and
WHEREAS, CIC staff has negotiated an Owner Participation Agreement
( "OPA ") with the Housing Authority, Satellite Housing, Inc. ( "Satellite Housing "),
and Housing Consortium of the East Bay (HCEB"), wherein Satellite Housing
and HCEB (jointly, "Affordable Housing Developer ") has agreed to develop,
construct and operate a 19 -unit multifamily affordable rental housing (the
"Project ") on the Site, comprised of eighteen (18) units for very -low income
residents and one (1) unit for a moderate income, resident manager; and
6. That the CIC hereby approves the sale of the Site to the Housing
Authority in accordance with the OPA. and the Quitclaim Deed.
7 That the c c hereby approves the OPA, and all exhibits thereto,
and the Quitclaim Deed, using its own independent judgment.
BE IT FURTHER RESOLVED, that the CIC hereby authorizes the Acting
Executive Director to enter into and execute the OPA and the Quitclaim Deed
conveying the Site to the Housing Authority, subject to any minor conforming,
technical or clarifying changes approved by the Acting Executive Director and
CIC counsel. The Acting Executive Director is hereby further authorized an
directed to take such further actions and execute such other documents as are
necessary to carry out and implement the OPA and this Resolution and to
administer the cic's obligations, responsibilities and duties to be performed
under the OPA and this Resolution. The Acting Executive Director and
Secretary of the CIC are hereby further authorized and directed to take such
further actions and execute and record such documents as are necessary to
convey the Site to the Housing Authority.
1, 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, Community improvement
Commission and the Housing Authority Board of Commissioners held on the 18th day of
January, 2011 by the following vote to wit:
AYES: Commissioners Bonta, deHaan, Johnson and Tam — 4.
NOES: None.
ABSENT: Chair Gilmore
ABSTENTIONS: None.
IN WITNESS, WHEREOF, 1 have hereunto set my hand and affixed the official seal of said
Commission this 19th day of January, 2011.
Lara Weisiger, Secret
Community Improve
Rob Banta, Acting Chair
Community Improvement Commission
Commission