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<br />. Policy 43.09 - Commercial Reinvestment - Provide incentive programs that encourage <br />reinvestment in the City's commercial properties, especially older shopping centers, <br />vacant businesses, and outdated or blighted structures. <br /> <br />Permits and/or Variances Granted <br />N/A <br /> <br />Environmental Review <br />The proposed project is categorically exempt under CEQA section 15306. <br /> <br />Code Compliance Review <br />N/A <br /> <br />Board/Commission Findines <br />N/A <br /> <br />Summary of Advisorv committee and Public Outreach Efforts <br />. This project was reviewed by the West San LeandroIMacArthur Boulevard <br />Redevelopment Advisory Committee (RAC) on Wednesday, February 21, 2007. The <br />RAC supported the reimbursement agreement and recommended approval to the Agency <br />Board. <br /> <br />Fiscal Impact <br />The Reimbursement Agreement requires a total Agency investment of $40,000. Funds are <br />available from the West San LeandrolMacArthur Boulevard Redevelopment Project Area fund <br />balance. <br /> <br />Bud2:et Authority <br />There are sufficient funds in the West San LeandrolMcArthur Boulevard redevelopment project <br />area fund balance for this proj ect. <br /> <br />~~YTreaSUrer <br /> <br />Attachments <br /> <br />N/A <br /> <br />CONCLUSION <br /> <br />In consideration of the recent MacArthur Boulevard Streetscape Project, and the historical <br />environmental impediments to private development efforts at 326-340 MacArthur Boulevard, <br />staff believes that the proposed Reimbursement Agreement with the John Benjamin Company <br />for expenses associated with an environmental assessment of the site is an excellent opportunity <br />to promote additional redevelopment along the MacArthur Boulevard corridor. Therefore, staff <br />recommends that the Redevelopment Agency approve the Reimbursement Agreement with the <br />John Benjamin Company to facilitate the redevelopment and improvement of this site. <br /> <br />G:\DEPT\Office of Business Development\Files RDA\WSL-MacArthur Area\326-340 MacArthur\StaffReport.RDAFinal.doc <br />