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<br />Summary of Advisory Committee and Public Outreach Efforts <br />· This project was reviewed by the West San LeandrolMacArthur Boulevard <br />Redevelopment Advisory Committee (RAC) on Wednesday, February 21, 2007. The <br />RAC recommended approval of the proposed Owner Participation Agreement. <br /> <br />Fiscal Impact <br />The Owner Participation Agreement requires a total Agency investment of $50,000. Funds are <br />available from the West San LeandrolMacArthur Boulevard Redevelopment Project Area fund <br />balance. <br /> <br />Budl!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 />~Treasurer <br /> <br />Attachments <br />· Rendering of Proposed Improvements to 599 MacArthur Boulevard <br /> <br />CONCLUSION <br /> <br />In consideration of the recent MacArthur Boulevard Streetscape Project, and the extensive <br />improvements the owners of 599 MacArthur Boulevard intend to make to the interior and <br />exterior oftheir property, staff believes that the completion ofthe White House Events exterior is <br />an excellent opportunity to promote additional redevelopment along the MacArthur Boulevard <br />corridor. Therefore, staff recommends that the Redevelopment Agency adopt a resolution <br />approving the Owner Participation Agreement with White House Events to facilitate the <br />redevelopment and improvement of this site. <br /> <br />G:\DEP1\Office of Business Developrnent\Files RDA\RDA Loans\599 MacArthur. the white house\Final\599MacArthurStaffReport.RDA.doc <br />