Resolution 13842CITY OF ALAMEDA RESOLUTION NO. 13 8 4 2
EXTENDING PERIOD FOR PROVIDING LOW AND MODERATE INCOME
HOUSING PURSUANT TO HEALTH AND SAFETY CODE SECTION
33334.16 FOR 30 UNITS WITHIN THE BACHELOR OFFICERS QUARTERS
AT ALAMEDA POINT
WHEREAS, pursuant to California Health and Safety Code Section 33334.2, the
Community Improvement Commission of the City of Alameda ( "Commission ") has set aside a
portion of its tax increment funds for the purposes of increasing and improving the community's
supply of low and moderate income housing and such funds ` are held in a separate low and
moderate income housing fund pursuant to California Health and Safety Code Section 33334.3
( "Housing Fund "); and
WHEREAS, pursuant to an Acquisition Agreement ( "Acquisition Agreement ") entered
into between the Commission and the Alameda Reuse and Redevelopment Authority ( "ARRA "),
the Commission used monies from the Housing Fund to purchase an affordable housing covenant
( "Covenant ") with respect to thirty (30) units ( "Restricted Units ") on certain real property
( "Property") located within the Alameda Point Improvement Project ( "APIP ") to be acquired by
ARRA from the United States Department of the Navy; and
WHEREAS, in order to ensure that real property acquired with Housing Fund monies is
used for providing housing affordable to low and moderate income persons, California Health
and Safety Code Section 33334.16 requires that activities consistent with the provision of
affordable low and moderate income housing must be initiated within five years from the date the
Commission acquires the property interest, unless extended for an additional period not to exceed
five years by resolution of the City Council of the City of Alameda ( "City Council "); and
WHEREAS, due to delays in the ability of ARRA to acquire the Property from the United
States Department of the Navy, ARRA has not yet been able to obtain fee title to the Property
and, therefore, has been unable to encumber the Restricted Units with the Covenant; and
WHEREAS, the City Council wishes to extend the period for providing the Restricted
Units on the Property in order to fulfill its goal of providing more affordable low and moderate
income housing within the City of Alameda;
NOW, THEREFORE, the City Council of the City of Alameda hereby resolves as
follows:
Section 1. City Council hereby affirms its intention that the Restricted Units be
provided on the Property.
Section 2. City Council hereby extends the period the Commission may retain its real
property interest in the Property for an additional five (5) years for the purpose of providing the
Restricted Units on the Property.
I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly
adopted and passed by the Council of the City of Alameda in the regular meeting of the City
Council on the 17th day, of May, 2005, by the following vote to wit:
AYES: ; Councilmembers Daysog, deHaan, Gilmore, Matarrese
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 18th day of May, 2005.
Lara Weisiger, City Cl
City of Alameda