Title
Final Passage of Ordinance Authorizing the Acting City Manager to: (I) Quitclaim a .26-Acre of Real Property to CP VI Admirals Cove, LLC, a Delaware Limited Liability Company ("Carmel") as Consideration for Demolition of the Existing Improvements on the Future Singleton Avenue Extension; and (II) Execute Any and All Ancillary Documents and to Perform Any and All Acts Necessary or Desirable to Consummate the Transaction. [Requires four affirmative votes] (City Attorney)
Body
CITY OF ALAMEDA ORDINANCE NO. ____
New Series
AUTHORIZING THE ACTING CITY MANAGER TO: (I) QUITCLAIM A .26-ACRE OF REAL PROPERTY TO CP VI ADMIRALS COVE, LLC, A DELAWARE LIMITED LIABILITY COMPANY ("CARMEL") AS CONSIDERATION FOR DEMOLITION OF THE EXISTING IMPROVEMENTS ON THE FUTURE SINGLETON AVENUE EXTENSION; AND (II) EXECUTE ANY AND ALL ANCILLARY DOCUMENTS AND TO PERFORM ANY AND ALL ACTS NECESSARY OR DESIRABLE TO CONSUMMATE THE TRANSACTION
WHEREAS, the U.S. Navy ("Navy") is the current owner of real property consisting of an approximately 14.87-acre parcel ("Carmel Parcel") made up of a portion of Assessor's Parcel Number ("APN") 74-905-10-2; an approximately 12.3-acre parcel ("Housing Authority Parcel") and an approximately 2.0-acre parcel ("Habitat Parcel"), made up of portions of APN 74-905-10-4 and APN 74-905-12-2, all in the northwest portion of the City, generally bounded to the south by Singleton Avenue, to the north by Mosley Avenue, to the west by Main Street and to the east by Bette Street, collectively known as the "North Housing Site"; and
WHEREAS, in 2007, the Navy declared the North Housing Site surplus property and began the process to transition the property to civilian reuse; and
WHEREAS, in February 2017, the federal General Services Administration ("GSA"), conducted a public auction for the Carmel Parcel and CP VI Admirals Cove, LLC was the successful bidder; and
WHEREAS, the Navy proposes to convey, at no cost, approximately 5.3 acres of roa...
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