4A Public Hearing 2007 1203 - Laserfiche WebLink

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itilid-"Icrm 1Zcvi~;~~ [4] iti~~~~ers-ther 29, 2007 • Redevelopment of the former Albertsons/Deans Food complex on Marina Boulevard. at Merced Street • Completion of Bayside Business Park at the easterly end of Davis Street. • Marketing of the Westgate Center to support its long-term viability. • An agreement with Vila Cereja on MacArthur Boulevard for facade improvements to the restaurant; and a reimbursement agreement for environmental assessment costs associated with another redevelopment project on MacArthur Boulevard. • Implementation of Phase I and Phase II of the Doolittle Drive/Airport Gateway Streetscape enhancement program. • Facilitation of the planning process for improvements to the I-880 interchanges at Marina Boulevard and Davis Street. • Completion of Phase I of the MacArthur Boulevard Streetscape Master Plan in 2006 and continued planning for Phase II of the project. • The acquisition of land for the firture construction of Eden Road. Housing Goals Achievement Summary: The specific housing programs and initiatives undertaken to date in pursuit of the hmplementation Plan objectives follow. CCRL was amended in 2005 to revise the Low Moderate Housing Fund (LMHF) formula that sets the maximum amount of funds to be expended for affordable senior housing over the Ten-Year Expenditure Plan period (2004-14). Consequently, the maximum expenditure and unit production limits for senior housing increased significantly. The Agency is currently below the limits and therefore in compliance. The Agency has expended and committed LMHF monies for two new affordable rental housing developments in the Joint Redevelopment Project Area: 67 very low income units at Casa Verde, and 50 very low income units of proposed senior rental housing on East 14th and Estabrook Streets. Both projects have been instrumental in helping the Agency comply with expenditure and affordable housing production requirements The Agency continues to exceed its inclusionary housing obligations under CCRL for very low and low/moderate income housing units in its three redevelopment project areas. The Agency currently has a surplus production bank of 115 very low income and four low/moderate income housing units dating back to 1994. Current Redevelopment Agency Policy The Mid-Term Review of the Implementation Plan is required to comply with CCRL. Previous Redevelopment Agency Actions(s) The Agency Board approved Resolution 2004-023 RDA adopting the San Leandro Redevelopment Agency 2004-2009 Implementation Plan on December 6, 2004. City CounciURedevelopment Agency Committee Review and Action • The Business and Housing Development Committee received a report on the Mid-Term Review of the San Leandro Redevelopment Agency 2004-2009 Implementation Plan on November 8, 2007. • The West San Leandro/MacArthur Redevelopment Advisory Committee reviewed this item on October 17, 2007.