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Agency staff successfully partnered with BART, Alameda County, and Bayfair Center
<br />owners, Madison Marquette, to complete a Transit Oriented Development (TOD) and
<br />Access Plan in March 2007. The TOD and Access Plan was funded through a Caltrans
<br />grant and will provide the framework for future development and access improvements
<br />between the Bayfair Center and the Bayfair BART station.
<br />Additional capital improvement projects in the JPA, which are identified as priorities and are
<br />intended to be implemented in pursuit of the capital improvements objective, include:
<br />• The reconstruction and/or significant repair of aging infrastructure such as streets, curbs
<br />and sidewalks, and the undergrounding of utilities along major arterials and other major
<br />corridors in the JPA.
<br />~ To implement the Downtown TOD Strategy and promote pedestrian activity and retail
<br />development, the Agency will undertake the design and construction of an approximately
<br />500 space parking garage with street level retail and office space to serve the downtown,
<br />including the Plaza and Joint Project Areas.
<br />• The Agency will participate in funding the completion of the 1 S0~` Avenue Triangle
<br />Transit Plaza and Landscape Improvement Project.
<br />Now almost 15 years old, the JPA is beginning to see an increase in net tax increment. This
<br />increase has allowed the Agency to improve the economic health of the JPA through economic
<br />development programs and to upgrade the appearance and infrastructure of the project area
<br />through public improvement programs. The growth in tax increment and its allocation and can be
<br />seen by comparing the tables below. Table 5 contains the 2004-2009 Implementation Plan
<br />projected funds allocation while Table 5a show the actual fund allocations through FY 2006-07
<br />and the budgeted amounts for FY 2007-08 and FY 2008-2009.
<br />Table 5. Joint Project Area Funds Allocation -2004 Estimates
<br />
<br />Fiscal Year Net Tax
<br />Increment Pre-Existing
<br />OPA/DDA Obli ations
<br />Admin
<br />2004-OS 530,000 660,000 160,000
<br />2005-06 570,000 670,000 160,000
<br />2006-07 1,030,000 770,000 170,000
<br />2007-08 1,070,000 800,000 170,000
<br />2008-09 1,110,000 820,000 180,000
<br />Source: City oY San Leandro Kedevelopment Agency, Urban Analytics.
<br />To}.lo ~a Tnint Prniv~t Area Fnnrlc Allncatinn- 2~M Undate
<br />
<br />Fiscal
<br />Year
<br />Net Tax
<br />Increment
<br />OPA/DDA
<br />Obli ations
<br />
<br />Admin Senior Center &
<br />E.14t°St
<br />Median Work Capital
<br />Improvement
<br />Pro~ects
<br />Business
<br />Assistance
<br />2004-OS 513,231 722,104 146,242 0 49,546 $47,496
<br />2005-06 364,088 583,578 149,528 858 4,120 $4,902
<br />2006-07 996,903 652,889 324,424 3,129 45,547 $0
<br />2007-08 1,612,020 613,050 523,013 809,712 280,000 200,000
<br />2008-09 I , 759, 735 407, 848 544, 703 I50, 000 Unknown 200, 000
<br />Source: City oY San Leandro Kedevelopment Agency, Urban Flna~yucs. rigtues m aaucs represent pro~ecuuns
<br />Mid-Term Review Page 9
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