Title
Public Hearing to Consider Adoption of a Joint City Council/SACIC Resolution Approving the Development List of Affordable Housing Projects and Funding Request for Such Projects as Requested by the Alameda Unified School District; and
Recommendation to Authorize the City Manager to Submit the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Period from July 1, 2023 to June 30, 2024 to the Countywide Oversight Board.
In accordance with the California Environmental Quality Act (CEQA) the proposed action is exempt from environmental review pursuant to CEQA Guidelines sections 15378 (not a project) and 15061(b)(3) (no significant environmental impact). (Community Development 70161852)
Body
To: Honorable Chair and Members of the Successor Agency to the Community Improvement Commission of the City of Alameda/Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
Staff recommends implementing provisions of the District Housing Fund contained in the 1991 Pass-Through Agreement between the Alameda Unified School District (AUSD) and the former Community Improvement Commission of the City of Alameda (CIC) by approving the Development List and Funding Request submitted by AUSD. This would provide for approximately $1,663,998 in Fiscal Year (FY) 2023-24 Redevelopment Property Tax Trust Funds to be allocated to Tilden Commons, a proposed 40-50 unit affordable housing project located at 2615 Eagle Avenue.
Staff also recommends authorizing the City Manager to submit the Recognized Obligation Payment Schedule (ROPS 2023-24) and Administrative Budget for the period from July 1, 2023 to June 30, 2024 to the Countywide Oversight Board. Once the Countywide Oversight Board and California Department of Finance (DOF) approve the ROPS, the Successor Agency to the CIC of the City of Alameda (Successor Agency) can pay its financial obligations for FY 2023-24.
BACKGROUND
State Law enacted by Assembly Bill X1 26 (2011), as modifie...
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