CIC Resolution 03-113COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 03-113
APPROVING THE PURCHASE BY COMMISSION OF 2531 -2819
BLANDING AVENUE AND AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE THE CERTIFICATE OF
ACCEPTANCE AND ANY OTHER NECESSARY DOCUMENTS
WHEREAS, the Community Improvement Commission of the City of Alameda
(the "Commission ") has been in a dispute with IRES (California), Inc. ( "IRES ") regarding
the future of certain real property known as the Bridgeside Shopping Center located at
2531 -2819 Blanding Avenue in the City of Alameda (the "Property ") and the possible
redevelopment options and opportunities of the Property; and
WHEREAS, as part of that dispute, IRES has filed a lawsuit against the
Commission for inverse condemnation (Alameda County Superior Court Case Number
2002048539) (the "Lawsuit "); and
WHEREAS, in order to settle all disputes between IRES and the Commission
pertaining to the Property, including the Lawsuit, the Commission has agreed to
purchase the Property from IRES; and
WHEREAS, the Commission desires to approve the purchase of the Property and
to authorize the Executive Director or his designee to execute all documents necessary
to close escrow for the purchase and sale of the Property by IRES to Commission.
NOW, THEREFORE, THE COMMUNITY IMPROVEMENT COMMISSION OF
THE CITY OF ALAMEDA DOES HEREBY RESOLVE AS FOLLOWS:
1. The Commission hereby approves the purchase of the Property from IRES on the
terms set forth in the Settlement Agreement dated May 7, 2003, between Commission
and IRES.
2. The Executive Director or his designee is hereby authorized to execute a
certificate of acceptance confirming acceptance of the Property by the Commission and
any other documents necessary to close escrow for the purchase and sale of the
Property by IRES to Commission.
I, 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 Community Improvement Commission meeting assembled on the 2l St day of July, 2003, by
the following vote to wit:
AYES: Commissioners Daysog, Kerr, Matarrese, and Chair Johnson - 4.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said
Commission this 22m1 day of July, 2003.
Beverly John
Community
Commission
Lar-n (ui:.
Lara Weisiger, Secretary
Community Improvement Commission