CITY OF ALAMEDA RESOLUTION NO. ______
AMENDING THE CAPITAL IMPROVEMENT PROGRAM BUDGET BY
INCREASING REVENUE AND EXPENDITURE APPROPRIATIONS IN
THE ALAMEDA POINT BACKBONE INFRASTRUCTURE CAPITAL
IMPROVEMENT PROJECT (C75000) BY $5,790,913 FROM
AVAILABLE FUND BALANCE IN THE ALAMEDA POINT/ BASE
REUSE FUND (290) TO CONSTRUCT THE ALAMEDA POINT REUSE
AREA INFRASTRUCTURE REPLACEMENT PHASE 1 AND 2 No. P.W.
11-19-55
WHEREAS, backbone infrastructure will be replaced in Alameda Point’s Adaptive Reuse Area (Reuse Area) t hrough the City of Alameda’s (City) Capital Improvement Program with funding from the sale of buildings in the Reuse Area; and
WHEREAS, five properties have sold to date, generating an estimated $31 million in revenue that was previously appropriated to t he Alameda Point Backbone Infrastructure Capital Improvement Project (C75000); and
WHEREAS, the City has designed all backbone infrastructure improvements for Phase 1 of the Reuse Area and water only improvements for Phase 2 of the Reuse Area; and
WHEREAS, the City is preparing to sell Building 92 in the Reuse Area in the summer of 2022 and revenue from the sale is intended for backbone infrastructure improvements in the Reuse Area; and
WHEREAS, the Alameda Point/Base Reuse Fund has available funds to transfer to the Alameda Point Backbone Infrastructure Capital Improvement P roject (C75000) in advance of the sale revenue; and
WHEREAS, the Alameda Point Backbone Infrastructure Capital Improvement Project (C75000) requires $5,790,913 to be able to award the construction contract and have available funds for additional costs during construction; and
WHEREAS, when the sale of Building 92 is completed, sale proceeds will be deposited in the Alameda Point/Base Reuse Fund (290) to repay this advance and the balance of the sale proceeds will be allocated to the Alameda Point Backbone Infrastructure Capital Improvement Project for additional phased infrastructure in the Reuse Area; and
WHEREAS, in order to allocate these funds in the Capital Improvement Program budget, Council action is required.
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NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Alameda that allocation of $5,790,913 in Alameda Point/ Base Reuse Funds to the Alameda Point Backbone Infrastructure Capital Improvement Project (C75000) are approved.
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I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 15
th day of March 2022, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 16
th day of March 2022.
Lara Weisiger, City Clerk
City of Alameda
______________________
Yibin Shen, City Attorney
City of Alameda