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, 2022 to June 30, 2023 to the Countywide Oversight Board. (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). This would provide for approximately $1.474 million in Redevelopment Property Tax Trust and other Successor Agency funds to be allocated to two affordable housing projects - Rosefield Village, a 92-unit project and 2615 Eagle Avenue, the proposed site of 23-30 affordable units. Staff also recommends authorizing the City Manager to submit the Recognized Obligation Payment Schedule (ROPS 2022-23) and Administrative Budget for the Period from July 1, 2022 to June 30, 2023, to the Countywide Oversight Board. Once the State Department of Finance (DOF) approves the ROPS, the Successor Agency to the CIC of the City of Alameda (Successor Agency) can pay its financial obligations for Fiscal Year (FY) 2022-2023.
BACKGROUND
State Law enacted by Assembly Bill X1 26 (2011), as modified by Assembly Bill 1484 (2012), and Senate Bill 107 (2015), dissolved all redevelopment agencies in California and established successor agencies to administer remaining obligations of the former redevelopment agencies. The City of Alameda (City) serves as the Successor Agency, A...
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