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Resolution 16125 CITY OF ALAMEDA RESOLUTION NO. 16125 SUCCESSOR AGENCY TO THE COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA RESOLUTION NO. 23-20 APPROVING THE DEVELOPMENT LIST OF AFFORDABLE HOUSING PROJECTS AND RELATED FUNDING REQUESTS CONSISTENT WITH THE 1991 PASS-THROUGH AGREEMENT WITH THE ALAMEDA UNIFIED SCHOOL DISTRICT WHEREAS, in 1991, the Community Improvement Commission of the City of Alameda ("CIC") and the Alameda Unified School District ("AUSD") entered into a Pass- Through Agreement ("AUSD Agreement"); and WHEREAS, the AUSD Agreement provides that funds allocated pursuant to Section 3, related to the School District Housing Fund ("District Housing Fund"), are to be utilized for affordable housing purposes in a manner consistent with the AUSD Agreement and funds from the District Housing Fund may only be drawn down by AUSD for eligible affordable housing expenditures; and WHEREAS, commencing in Fiscal Year 2016-17, the Successor Agency of the Community Improvement Commission ("Successor Agency") has requested, and the Department of Finance has approved, expenditures for the District's Housing Fund obligation under the Guyton Judgment and Settlement Agreement ("Settlement Agreement"), as reflected on the Successor Agency's Recognized Obligation Payment Schedule ("ROPS"); and WHEREAS, in May 2018, AUSD entered into a Memorandum of Understanding with the Housing Authority of the City of Alameda ("MOU") that in part provides that the Housing Authority ("AHA")will assist the AUSD in implementing its responsibilities under the AUSD Agreement and establishes a process for the AHA to make funding requests to AUSD for affordable housing projects that implement the terms of the AUSD Agreement; and WHEREAS, the Successor Agency has been transferring to AHA funds approved on its ROPS schedule, pursuant to the MOU; and WHEREAS, the Successor Agency intends to continue to report amounts corresponding to the District Housing Fund on its ROPS for affordable housing uses consistent with the terms of the AUSD Agreement and amounts so received by the Successor Agency will continue to be transferred to AHA pursuant to the terms of the MOU; and WHEREAS, as provided in the AUSD Agreement, AUSD has requested the Successor Agency and City Council of the City of Alameda ("City Council") to review and approve the Development List and Funding Request at a noticed public hearing; and WHEREAS, the Development List and Funding Request are attached hereto as Exhibit A; and WHEREAS, to approve the Development List and Funding Request, the Successor Agency must make findings consistent with the requirements of the AUSD Agreement, including that the Development List projects are consistent with the Community Redevelopment Law, the terms and conditions of the AUSD Agreement, and the Settlement Agreement; and WHEREAS, in addition, to approve the Development List and Funding Request, the City Council must make findings that the Development List is consistent with the City's Housing Element of its General Plan; and WHEREAS, on December 19, 2023, the Successor Agency and City Council held a joint meeting and the Successor Agency conducted a noticed public hearing in order to take public comment on and review the Development List and Funding Request as requested by the AUSD; and WHEREAS, the Successor Agency has reviewed the Development List projects in accordance with Section 6 of the Pass-Through Agreement; and WHEREAS, the Successor Agency finds: (1) that the Development List includes one project, 2615 Eagle Avenue, with a Funding Request of $2,000,000 for FY 2024-25; (2)the 2615 Eagle Avenue project involves the acquisition of two adjacent parcels owned by AUSD on which the Housing Authority has proposed to construct a 40-50 unit housing development of one-, two- and three-bedroom units that will be offered to households earning no more than 80% of AMI; and (3) while 2615 Eagle Avenue is located adjacent, but outside of the BWIP, it will be a benefit to the project area by bringing much needed affordable housing to the area; and WHEREAS, based thereon, the 2615 Eagle Avenue project is consistent with Section 6 of the Pass-Through Agreement, the Community Redevelopment Law, and the Settlement Agreement as it is located in or will be a benefit to the former BWIP, will serve households earning a maximum income of 80% of AMI, and will provide a preference for a certain number of units for eligible AUSD employees; and WHEREAS, the City Council finds that the 2615 Eagle Avenue project is consistent with the City's Housing Element as follows: Goal #1: Provide housing services and opportunities to support, maintain, and enhance Alameda's diverse community and excellent quality of life and provide for the housing needs of Alameda's future residents and regional housing needs. Policy HE-1: Support public and private efforts to increase the supply of housing in Alameda consistent with the City's environmental, climate action, transportation, historic preservation, and economic development policy objectives. Goal #2: Provide housing that meets the City's diverse housing needs, specifically including affordable housing, special needs housing, and senior housing. Policy HE-2: Expand the City's supply of affordable rental and ownership housing for extremely low-, very low-, low-, and moderate-income households. Policy HE-3: Create rental, homeownership, and other housing opportunities for special needs populations such as the elderly, homeless and people at risk of becoming homeless, people with physical and/or developmental disabilities, single-parent households, and young adults. Policy HE-7: Promote the conservation and rehabilitation of the City's existing housing. NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA AND THE CITY COUNCIL OF THE CITY OF ALAMEDA RESOLVE AS FOLLOWS: Section 1: The Successor Agency and the City Council find that the foregoing recitals are true and correct, and incorporate them into this Resolution by this reference. Section 2: The Successor Agency approves the Development List and the Funding Request, attached hereto as Exhibit A. Section 3: The City Council approves the Development List and the Funding Request, attached hereto as Exhibit A. Section 4: The City Manager is hereby authorized to submit the ROPS and Administrative Budget for the Period from July 1, 2024 to June 30, 2025 to the Countywide Oversight Board. Section 5: The Successor Agency shall transfer $2,000,000 in Redevelopment Property Tax Trust Funds that it receives from its FY 2024-2025 ROPS to the Housing Authority of the City of Alameda to fund the 2615 Eagle Avenue Project consistent with the MOU between the Housing Authority and AUSD. Section 6: This Resolution shall become effective immediately upon its adoption. Exhibit A ALAMEDA UNIFIED SCHOOL DISTRICT FISCAL YEAR 2024-25 DEVELOPMENT LIST AND FUNDING REQUEST Pursuant to Section 6 of the 1991 Pass-Through Agreement between Alameda Unified School District (AUSD) and the Successor Agency to Community Improvement Commission of the City of Alameda, AUSD is submitting its list of prioritized housing projects and programs for Fiscal Year 2024-25: Housing Projects and Programs (Development List) 2615 Eagle Avenue — Acquisition of AUSD-owned land and construction of a 40-50- unit housing development by the Housing Authority. The development will be made affordable to households earning no more than 80% of Area Median Income. Funding Request FY 2024-25 Request - It is requested that $2,000,000 in Redevelopment Tax Trust Funds, or if less, the maximum amount due under the 1991-Pass Through Agreement for FY 2024-25, be included by the Successor Agency to the Community Improvement Commission of the City of Alameda on its Fiscal Year 2024-25 ROPS for purposes of funding the 2615 Eagle Avenue Project. It is further requested that the Successor Agency transfer funds allocated through the ROPS to the Housing Authority of the City of Alameda following receipt to fund the 2615 Eagle Avenue Project consistent with the Memorandum of Understanding between the Housing Authority and AUSD. * * * * * I, the undersigned, hereby certify that the foregoing resolution was duly and regularly adopted and passed by the Successor Agency to the Community Improvement Commission of the City of Alameda and the Council of the City of Alameda in a special joint meeting assembled on the 19th day of December 2023 by the following vote: AYES: Councilmembers/Commissioners Daysog, Herrera Spencer, Jensen, Vella and Mayor/Chair Ezzy Ashcraft— 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said Successor Agency and City this 20th day of December 2023. Lara Weisiger City Clerk and Successor Agency Secretary Approved as to form: /�/ Yibin Shen City Attorn General Counsel