pages: CityCouncil/2017-07-05.pdf, 14
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CityCouncil | 2017-07-05 | 14 | Councilmember Oddie inquired where the teacher housing would be located. The Base Reuse Director highlighted the location of the teacher housing on the diagram; stated there are 70 units for teacher housing, which are moderate income, deed restricted housing for employees of Alameda Unified School District (AUSD). Councilmember Oddie inquired what is the difference in commercial square footage in the 2015 plan versus the revised plan. The Base Reuse Director stated there is no change. Mayor Spencer inquired where the teacher housing comes from; stated she would like to hear from staff. The Base Reuse Director responded the School District would help finance the units with rental income and would issue Certificate of Participation to finance debt; the agreement is between the School District and the developer as a way to use public financing to help finance moderate income units. Mayor Spencer inquired whether 25% of the 800 units are below market rate. The Base Reuse Director responded in the affirmative. Mayor Spencer inquired whether the 25% is the 200 units. The Base Reuse Director responded in the affirmative. Mayor Spencer stated the first plan allowed any person in the City to be eligible for below market units; inquired whether the proposal limits the below market units to AUSD employees only. The Base Reuse Director responded 70 units will be through the School District. Mayor Spencer inquired whether the 70 [School District] units are in addition to the 200 units. The Base Reuse Director responded in the negative; stated the 70 units are a part of the 200 units. Mayor Spencer inquired whether the AUSD employees need to currently live in Alameda to be eligible. The Base Reuse Director responded that she is unsure of the details; stated the deal has not been finalized; details can still be worked out. Regular Meeting Alameda City Council 13 July 5, 2017 | CityCouncil/2017-07-05.pdf |