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<br />REDEVELOPMENT AGENCY OF <br />THE CITY OF SAN LEANDRO <br /> <br />STAFF REPORT <br /> <br />APPROVED AND <br />FORWARDED <br />TO REDEVELOPMENT <br />AGENCY <br /> <br />DATE: <br /> <br />June 16, 2007 <br /> <br /> <br />TO: <br /> <br />John Jermanis, Executive Director <br /> <br />BY: <br /> <br />Luke Sims, Interim Community Development DirectorC5 <br /> <br />Cynthia Battenberg~ssistant to the City Manager <br />Tim Ricard, Development Planner i R. <br /> <br />FROM: <br /> <br />SUBJECT PROJECT/PROJECT DESCRIPTION: <br />MATTER OF APPROVAL OF THE ADDITION OF THE AWNING, SIGN AND PAINT <br />PROGRAM TO THE EXISTING COMMERCIAL REHABILITATION PROGRAM AND <br />AUTHORIZING THE EXECUTIVE DIRECTOR TO APPROVE AWNING, SIGN AND <br />PAINT PROGRAM GRANTS <br /> <br />SUMMARY AND RECOMMENDATION <br /> <br />In the past, the Redevelopment Agency (Agency) funded an Awning, Sign and Paint (ASAP) <br />Program which provided reimbursable matching grants to business and property owners up to <br />$10,000 for commercial fa<;ade improvements. That program was replaced in 2001 with the <br />Commercial Rehabilitation (CR) Program which allowed for larger renovation projects. Staff <br />recommends the Agency approve the addition of the ASAP Program to the CR Program to offer <br />a two-tiered Commercial Fayade Improvement Program and authorize the Executive Director to <br />approve ASAP grants. <br /> <br />BACKGROUND <br /> <br />The Agency funded ASAP Program was implemented in 1998 to create a source of capital to <br />assist business and property owners in improving the aesthetic appearance of their property. <br />Through the ASAP Program, the Agency dispersed reimbursable matching grants up to a <br />maximum of $1 0,000 for minor exterior improvements, such as painting, signage, awning <br />treatments, and landscaping. The grants were secured through a Reimbursement and <br />Maintenance Agreement. <br /> <br />In 2001, the ASAP Program was replaced by the CR Program which encourages larger <br />renovation projects and provides 10 year forgivable, matching loans for up to $50,000. The CR <br />Program loans require an Owner Participation Agreement (OP A) which must be approved by the <br />Redevelopment Agency and secured through a Deed of Trust. Between 2001 and 2003 $55,285 <br />in forgivable loans were granted to two businesses. The CR Program has been inactive since <br />July 2003 due to funding constraints. <br />