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<br />The Agency proposes resurrection of the CR Program in conjunction with the ASAP Program to <br />create a new two-tiered Commercial Fayade Improvement Program. The programs will enable <br />the Agency to more efficiently assist business and property owners with a variety of renovation <br />projects. The FY 2007-08 budget includes $450,000 in funding for the Commercial Fayade <br />Improvement Program - $200,000 in each of the West San Leandro/MacArthur Boulevard and <br />Joint Project Areas; and $50,000 in the Plaza Project Area. <br /> <br />CR Program loans, due to the $50,000 maximum loan amount and OP A requirement, will be <br />brought to the Redevelopment Agency on a case by case basis for approval. It is recommended <br />that the Executive Director be authorized to approve the ASAP Program grants. <br /> <br />Current Redevelopment Agency Policy <br />The Redevelopment Agency's Five Year Implementation Plan specifically includes the <br />Commercial Rehabilitation Program as an economic development program. <br /> <br />Previous Redevelopment Agency Action(s) <br />The Agency approved the Commercial Rehabilitation Program on November 19,2001. <br /> <br />City CouncillRedevelopment Agency Committee Review and Action <br />· The Business and Housing Development Committee reviewed the proposed changes to the <br />Commercial Fayade Improvement Program on June 14, 2007. <br />· The West San Leandro/MacArthur Boulevard Redevelopment Advisory Committee reviewed <br />the proposed changes to the Commercial Fayade Improvement Program on March 9, 2007. <br />· The Joint Project Area Redevelopment Advisory Committee reviewed the proposed changes <br />to the Commercial Fac;ade Improvement Program on April 4, 2007. <br /> <br />Code Compliance Review - N/ A <br /> <br />Board/Commission Findings - N/ A <br /> <br />Summary Of Public Outreach Efforts - N/ A <br /> <br />Fiscal Impact <br />Funds for the Commercial Fac;ade Improvement Program were approved as part of the FY 2007- <br />08 budget. <br /> <br />Budget Authority <br /> <br />Funds are available as follows: <br />Plaza Redevelopment Project Area <br />Joint Redevelopment Project Area <br />WSLlMacArthur Redevelopment Project Area <br /> <br />961-83-001-8507 <br />962-86-001-8507 <br />964-82-001-8507 <br /> <br />$ 50,000 <br />$200,000 <br />$200,000 <br /> <br />~ Agency Treasurer <br /> <br />G:\DEPT\Office of Business Development\Files RDA\RDA Loans\Commercial Rehab Program\2007-2008\StaffReport.RDA-final.docLast revised on 01/01/07 <br />