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CIC Resolution 03-122COMMUNITY IMPROVEMENT COMMISSION RESOLUTION NO. 0 3 -12 2 APPROVING AND AUTHORIZING THE EXECUTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA AND REGENCY REALTY GROUP, INC., APPROVING REGENCY'S FINANCING PLANS AND BASIC CONCEPT DRAWINGS FOR THE PROJECT, AND APPROVING AND CERTIFYING A MITIGATED NEGATIVE DECLARATION, AND APPROVING CERTAIN MITIGATION MEASURES FOR THE PROJECT WHEREAS, the Community Improvement Commission of the City of Alameda ( "Commission ") is carrying out the Community Improvement Plan ( "Plan") for the Business and Waterfront Improvement Project ( "Community Improvement Project "); and WHEREAS, the Commission has received a proposed Disposition and Development Agreement ( "DDA ") from Regency Realty Group, Inc. ( "Developer ") which provides for the acquisition and sale of certain real property located in the City of Alameda bounded by Blanding Avenue, Tilden Way, and the Oakland Estuary, which, as and if assembled, is approximately 9.0 acres in size (the "Site ") to the Developer for construction and installation of an approximately 110,000 square foot community shopping center consisting of an approximately 58,660 square foot high- quality grocery store, in -line retail space and office space, out parcel uses and appurtenant on -site and off -site improvements (the "Project "); and WHEREAS, the Commission has prepared an initial study /environmental checklist ( "Initial Study ") pursuant to the California Environmental Quality Act ( "CEQA ") to deteiniine whether the Project would have any significant impact on the environment; and WHEREAS, based on the results of the Initial Study, the Commission, as the lead agency, prepared a Mitigated Negative Declaration ( "Mitigated Negative Declaration "), which has been available for public review and submitted to and considered by the Commission and City Council in connection with the Project; and WHEREAS, the Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et seq.) provides in Section 33431 that any sale or lease of Commission property may be made only after a public hearing of the Commission after publication of notice as provided by law; and WHEREAS, the Community Redevelopment Law provides in Section 33433 that before any property acquired, in whole or in part, with tax increment monies, is sold or leased for development pursuant to a redevelopment plan, such sale or lease shall first be approved by the legislative body after a public hearing, that notice of the time and place of the hearing shall be published in a newspaper of general circulation in the community for at least two (2) successive weeks prior to the hearing, and that the Commission shall make available for public inspection a copy of the proposed sale or lease and a summary of the financial aspects of the proposal; and WHEREAS, notice of a joint public hearing by the City Council of the City of Alameda ( "City Council ") and the Commission was published in the Alameda Journal on November 18th and November 25th, 2003; and WHEREAS, the Commission has prepared a report ( "Report") pursuant to Section 33433 of the Health and Safety Code containing a copy of the proposed DDA and a summary describing the cost of the DDA to the Commission, the value of the property interest to be conveyed, the purchase price and other infoiniation required by said Section 33433, and said Report was made available to the public for inspection; and WHEREAS, on December 2, 2003 the Commission and the City Council held a joint public hearing to consider and act on the Mitigated Negative Declaration and the disposition and development of the Site pursuant to the DDA. WHEREAS, pursuant to sections 203 and 205 of the DDA, Developer has submitted to Commission a proposed financing plan dated December 2, 2003 ( "Financing Plan ") and basic concept drawings dated October 15, 2003 ( "Basic Concept Drawings ") for the Project. NOW, THEREFORE, THE COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Commission hereby finds and determines that the acquisition and assembly of the Site, the sale of the Site to the Developer, and development of the Project on the Site pursuant to the DDA will assist in the elimination of blight within the Community Improvement Project area. This finding is based upon the fact that the Site is being sold for purposes of redevelopment by the Developer in accordance with and in implementation of the Plan. This finding is further based upon the additional facts and information contained in the Report. Section 2. The Commission hereby finds and determines that the consideration for the Site to be paid by the Developer pursuant to the DDA is not less than the fair reuse value at the use and with the covenants and conditions and development costs authorized by the sale. This finding is based upon the facts and information contained in the Report. Section 3. The Commission has reviewed and considered the information contained in the Mitigated Negative Declaration and comments received during the public review process and hereby approves the Mitigated Negative Declaration and certifies that the Mitigated Negative Declaration has been completed in compliance with the requirements of CEQA, the State CEQA Guidelines and local procedures adopted by the City pursuant thereto. Section 4. Based upon the Mitigated Negative Declaration and comments and testimony received pertaining thereto, the Commission hereby finds and determines that there is no substantial evidence that the Project will have a significant effect on the environment and the Mitigated Negative Declaration reflects the Commission's independent judgment and analysis. Section 5. The Commission Secretary is hereby designated as the custodian of the documents and other materials which constitute the record of proceedings upon which the Commission's approval and certification of the Mitigated Negative Declaration is based. Section 6. For purposes of reporting on and monitoring the mitigation measures, the Commission hereby adopts the mitigation monitoring program included as part of the Mitigated Negative Declaration. Section 7. The Commission Secretary is authorized to file a Notice of Determination with the County Clerk of the County of Alameda and the Office of Planning and Research, if applicable, following the adoption by the City Council of this Resolution. Section 8. The Commission hereby approves the Developer's Financing Plan and Basic Concept Drawings for the Project. 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 Joint City Council and Community Improvement Commission meeting assembled on the 2nd day of December, 2003, by the following vote to wit: AYES: Commissioners Daysog, Gilmore, Kerr, Matarrese, and Chair Johnson - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said Commission this 3`d day of December, 2003. Lara Weisiger, Secretary Community Improvement Cormission Be�erly Johnson;.,Chair Community IMprov menl =Commission