Resolution 15341CITY OF ALAMEDA RESOLUTION NO. 15341
PROVIDING WRITTEN CONFIRMATION OF PREVIOUS CITY
COUNCIL AUTHORIZATION OF A PORTION OF THE CITY BASE
ALLOCATION AND REQUIRED MATCH AMOUNT FOR SITE A EDEN
AFFORDABLE SENIOR PROJECT FOR APPLICATION TO COUNTY
RENTAL HOUSING DEVELOPMENT FUND
WHEREAS, the City of Alameda ("City") and the Alameda Point Partners, LLC,
("APP") entered into a Disposition and Development Agreement for Alameda Point -Site
A dated as of August 6, 2015 ("DDA"), authorized by City of Alameda Ordinance No.
3127, whereby the City agreed to convey to APP property located at the former Naval Air
Station Alameda (commonly referred to as Alameda Point) under certain terms and
conditions, including a Development Plan and an Affordable Housing Implementation
Plan; and
WHEREAS, the DDA approved on July 7, 2015 consists of development of a 68 -
acre area within Alameda Point that extends generally from the Main Street entrance of
Alameda Point to the eastern edge of the Seaplane Lagoon, and includes 800 housing
units, 600,000 square feet of commercial development, and extensive parks and utility
infrastructure (Site A Project); and
WHEREAS, two hundred (200) of the residential units (25%) in the Site A Project
are required to be affordable units, including approximately one hundred thirty (130)
affordable units that will be provided in two projects on Block 8 (Affordable Housing
Projects): a family project with approximately 70 units (Family Project), and a senior
project with approximately 60 units (Senior Project); and
WHEREAS, the DDA and the Affordable Housing Implementation Plan approved
as part of the DDA approved the donation of City land and a developer contribution from
APP in the amount of $3 million to be used toward the Site A Affordable Housing Projects;
and
WHEREAS, in March 2016, APP and Eden Housing Inc. entered into and the City
consented to a partial assignment of the DDA whereby Eden Housing assumed the
obligations to develop the Site A Affordable Housing Projects under the DDA and the
Affordable Housing Implementation Plan approved as part of the DDA and the City
consented to the designation of Eden Housing as the Qualified Affordable Housing
Developer for the Site A Affordable Housing Projects consistent with the DDA; and '
WHEREAS, in November 2016, Alameda County voters passed a $580 million
Countywide Housing Bond (Measure Al) which will fund three homeownership programs
and two rental housing development programs; and
WHEREAS, $425 million of the total Housing Bond, is allocated to the Rental
Housing Development Fund to assist in the creation and preservation of affordable rental
housing for vulnerable populations and $225 million is allocated as "Base City Allocation"
funding to Alameda County jurisdictions based on a geographical allocation formula,
which for the City of Alameda's Base Allocation is $10.4 million; and
WHEREAS, in March 2017 by motion, the City Council approved a Pre -
Commitment of the City Base Allocation to the Site A Affordable Housing Projects totaling
$5 million; and
WHEREAS, on December 8, 2017, the City executed a ground lease with Eden
Housing providing Eden Housing with direct site control over the land under Block 8
Family Project and Senior Projects consistent with the DDA and the Affordable Housing
Implementation Plan approved as part of the DDA; and
WHEREAS, Eden Housing is a highly qualified nonprofit affordable housing
developer that constructs and manages thousands of units of affordable housing
throughout the Bay Area; and
WHEREAS, Eden Housing, in coordination with APP, has expended significant
staff and financial resources securing financing sources to fund the Site A Affordable
Housing Projects and have been successful at obtaining numerous funding sources; and
WHEREAS, on February 4, 2014, the City of Alameda certified the Alameda Point
Final EIR in compliance with the California Environmental Quality Act (CEQA), and the
Final EIR evaluated the environmental impacts of redevelopment and reuse of the lands
at Alameda Point consistent with the Town Center Plan, which included Block 8 within
Site A; and
WHEREAS, confirming the previous approval of the City land donation and APP's
developer contribution as the match required for applications for the City's Base Allocation
of Measure Al funds for the Site A/Eden Affordable Housing Projects (Family and Senior
Apartments) will help Eden Housing preserve their existing financing commitments and
increase their competitiveness for obtaining the remaining financing sources for the
Family and Senior Projects, which will provide approximately 70 units and 60 units
respectively, for a total of 130 affordable housing units at Site A.
NOW THEREFORE, BE IT RESOLVED that the City Council confirms the previous
authorization of the $3 million developer contribution, and Block 8 land donation and the
$5 million of the City Base Allocation, $3 million of which will be used for the Site A/Eden
Affordable Senior Project as the match for the application for the County Rental Housing
Development Fund.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda on the 16th day of
January, 2018, by the following vote to wit:
AYES: Councilmembers Ezzy Ashcraft, Matarrese, Oddie, Vella and
Mayor Spencer — 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 17th day of January, 2018.
Lara Weisiger, City'trerk
City of Alameda
Approved as to form:
Jar. Kern, City -Attomey
City
ttor
of � m
J Alameda
Ci of Alameda