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lVIINUTES Page 8 City of San Leandro City Council and San Leandro Redevelopment Agency Joint Meeting-December 6, 2004 Mr. Sinls added that staff will plan for a tilne in the future \vhen the ERAF and State obligations have been met and tax increment revenues are stronger, and new projects can be considered at that time. Councilnlember Glaze asked if any of the future projects have been prioritized. He gave exanlples of the Chang property and celiain properties on East 14th Street. Mr. Sims noted that the Business Developlnent Conlnlittee has discussed various project priorities, while trying to nlaintain flexibility. He noted that the last initiatives in the Plaza Project Area will be completed in the next few years, and that project area will ultinlately be phased out. Key objectives have been identified in the other two project areas. Council111el1lber Glaze expressed concenl that there are obviously blighted areas, such as at East 14th Street and 143rd Avenue. He pointed out that the property has changed hands several tinles in the last few years and asked if there was a plan for it. Mr. Sims noted that the lack of revenue creates constraints on the number of properties the Agency can acquire. Mr. Sinls conlnlented that once existing obligations have been nlet, the areas nlentioned can be considered. Councilnlelnber Glaze asked if the Bayfair Center was split off from the Joint Project Area. He noted that there was a perception that Bayfair had used a disproportionate aInount of the redeveloplnent money fronl the project area. Mr. Sims indicated that the earlier project area plans documented the great need to solve the problem at Bayfair. He stated that, to tackle the problem, the Agency nlade an agreement with the County to receive Inore of the revenue early in the life of the project. He noted that about three years ago, the City worked with the County to take the Bayfair property out of the project area. The propeliy had been reassessed, and its value had dropped considerably, causing the Agency to lose about $1 ll1illion a year in tax increment revenue. . Resolution No. 2004-023 RDA, Resolution of the Redevelopnlent Agency of the City of San Leandro Adopting the 2004-2009 Implementation Plan. (1485) l\1/S/C Grant and Badger. Ayes: 7; Noes: 0 The City Council recessed from 8:30 p.m. to 8:41 p.m. 5. PUBLIC COMMENTS Conunents are lilnited to 3 minutes per person. When you address the City Council, you should fill out a speaker card and submit it to the City Clerk so the order of speakers Inay be detennined and an official record of nanles and addresses obtained. The public is invited to 111ake COll1111ents on itenls of public interest NOT listed 011 the Agenda.