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CIC Resolution 08-155COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA RESOLUTION NO. 08- 155 APPROVING LETTER OF INTENT BY AND AMONG PALMTREE ACQUISITION CORPORATION, PERALTA COMMUNITY COLLEGE DISTRICT, AND THE COMMUNITY IMPROVEMENT COMMISSION AND AUTHORIZING THE CIC TO ACCEPT THE DEED TO PROPERTY WHEREAS, the City of Alameda's Stargell Avenue Extension Project (Project), which involves construction of a new fully signalized intersection at Webster Street and Stargell Avenue and an extension of Stargell Avenue to Fifth Street, is critical to the redevelopment of the City's Westside, including Alameda Landing and Alameda Point; and WHEREAS, Caltrans has agreed to provide $4 million in State Transportation Improvement Project (STIP) funds for the Project; and WHEREAS, the City, the Community Improvement Commission (CIC), Palmtree Acquisition Corporation (PAC), and the Peralta Community College District (District) have reached a tentative agreement in the form of a Letter of Intent under which: (1) the District will gift the right -of -way necessary for the Project to the City; (2) the District will exchange a 2.3 -acre remainder parcel that will be created by the transfer of the Stargell right -of -way to the City, located just north of the new Stargell roadway (Remainder Parcel), for a building at 860 Atlantic Boulevard in the Marina Village Business Park (860 Atlantic); (3) PAC will facilitate the exchange by assigning its right to buy 860 Atlantic to the District; (4) CIC will take title to the Remainder Parcel; and (5) the City and PAC will enter into a separate letter agreement granting an access easement to the CIC over the Remainder Parcel, issuing a Certificate of Compliance under the Subdivision Map Act that recognizes the Remainder Parcel as a separate parcel, and designating the uses of the Remainder Parcel under the Alameda Landing Disposition and Development Agreement; and WHEREAS, on May 21, 2002, the City Council adopted Resolution No. 13455 adopting the Mitigated Negative Declaration (Negative Declaration) for the Project) and Findings Demonstrating that All Significant Impacts Can Be Mitigated to a Level of Insignificance. On February 13, 2006, the City prepared an addendum letter to the Negative Declaration, which concluded that the realignment of the Stargell Avenue /State Route 260 approximately 120 feet south of the location proposed in the 2005 design plans for the Project did not require subsequent environmental review; and WHEREAS, on December 5, 2006, the City Council adopted Resolution No. 14047 certifying the Supplemental Environmental Impact Report (SEIR) for the Alameda Landing Mixed Use Development Project (Alameda Landing Project) and adopted Resolution No. 14048 Making Findings Regarding Environmental Impacts and Mitigation Measures, Making Findings Concerning Alternatives, Adopting a Mitigation Monitoring and Reporting Program and Adopting a Statement of Overriding Considerations in Accordance with the California Environmental Quality Act for the Alameda Landing Project. The SEIR identified the Project as a mitigation measure for the Alameda Landing Project and analyzed the impacts of this mitigation measure in conformance with the requirements of the California Environmental Quality Act. On May 16, 2007, the City Council adopted Resolution No. 14092 finding, among other things, that the Negative Declaration, Addendum, and SEIR adequately analyze the impacts of the Project; and WHEREAS, the District's proposed gift of the right -of -way for the Project to the City would not require revisions to the Negative Declaration, Addendum, and SEIR. The City has prepared an Addendum to the SEIR documenting that the CIC's acquisition of the Remainder Parcel created by the gift of the right -of- way will not have any significant effects not previously addressed in the Negative Declaration, Addendum, and SEIR. There have been no substantial changes in the Project, substantial changes in the circumstances under which the Project would be undertaken, or significant new information that would cause new or substantially increased significant environmental effects, and there is no new information showing new mitigation measures or alternatives that would substantially reduce significant effects but that the Project proponent declines to adopt. NOW, THEREFORE BE IT RESOLVED, that the Community Improvement Commission approves the Letter of Intent, in the form on file in the City Clerk's Office, by and among Palmtree Acquisition Corporation, the Peralta Community College District, and the Community Improvement Commission and authorizes staff to draft, execute, and implement any agreements consistent with the Letter of Intent. BE IT FURTHER RESOLVED, that the appropriate officer or agent of the Community Improvement Commission is authorized to accept the deed for the Remainder Parcel. 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 Meeting of the City Council, Community Improvement Commission and the Housing Authority Board of Commissioners on the 6th day of May 2008, by the following vote to wit: AYES: Commissioners deHaan, Gilmore, Matarrese, Tam 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 7th day of May, 2008. Beverly Johnson, Community I ir . ehitiCommission /(f&s Lara Vveisiger, Secre a Community Improveme t t ommission