RDA Reso 2005-016 - Laserfiche WebLink

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WHEREAS, on December 6, 2004, the Agency approved Resolution No. 2004-23 adopting the 2004-2009 Implementation Plan for the Project Area, which identifies public improvements consistent with the East 14th Street South Area Plan, which includes the East 14th Street Median Project, as being of the highest priority in implementing the objectives of the Agency to improve the economic health of and encourage private investment in the Project Area; and WHEREAS, the construction of certain structures and improvements within the Project Area is a direct benefit in achieving the goals and objectives stated in the adopted 2004-2009 Implementation Plan by improving the economic health of the Project Area by enhancing pedestrian activity and improving traffic safety, eliminating existing visual blight, and encouraging more private investment in the Project Area. WHEREAS, the City of San Leandro has estimated the total project cost for the East 14th Street Median Project at $951,000, and WHEREAS, the City of San Leandro is the recipient of state grant providing up to a maximum of$760,800 reimbursement for the East 14th Street Median Project, leaving a funding shortfall of $190,200; and WHEREAS, the Redevelopment Agency of the City of San Leandro (Agency) proposes to assist in the East 14th Street Median Project within the Alameda County/City of San Leandro Redevelopment Project Area ("Project Area"), which is designed in part to upgrade the appearance of the Project Area; and WHEREAS, no other means of assisting in the financing of the East 14th Street Median Project is available to the community in that the only other possible source of funding is through RESOLUTION NO. 2005-0J 6 RDA 2