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Joint Project Area
<br />Introduction
<br />As stated in the original Redevelopment Plan far the Alameda County -City of San Leandro
<br />(Joint) Redevelopment Project Area (JPA), the goal of the Project is to:
<br />ElimiKate the conditions of blight existing in the Project Area and to prevent the recurrence of
<br />blighting conditions in the ProjectArea.
<br />Program Funding
<br />JPA revenues collected through tax increment have grown at a faster rate than originally
<br />projected in the 2004-2009 Implementation Plan. This was due to significant residential and
<br />commercial price appreciation and increased sales activity. Additional revenue has been used to
<br />fund capital improvement projects and to restore funding to the Commercial Facade
<br />Improvement Program.
<br />Table 4 provides tax increment estimates which were included in the 2004-2009 Implementation
<br />Plan. Table 4a contains the actual revenue numbers through FY 2006-07 and the revised
<br />projections fox FY 2007-08 and FY 2008-09.
<br />Table 4. .Toint Prniect Area Prnie~teri Tar TT(`YPmPTIt - 7(llld Fo4im~fnc
<br />
<br />
<br />
<br />Y
<br />Gross
<br />Tax
<br />Increment
<br />County
<br />Admin
<br />Fee
<br />Bayfair
<br />Mall
<br />Adjustment
<br />Housing
<br />Set-
<br />Aside (City)
<br />Pass-
<br />Through
<br />Payments
<br />
<br />ERAF
<br />Payment* County TI
<br />&
<br />Housing
<br />Set-Aside
<br />Genera]
<br />Fund
<br />Loan
<br />COP
<br />Debt
<br />Service
<br />Available
<br />City Tax
<br />Increment
<br />2004-OS 7,750,000 100,000 600,000 1,190,000 1,780,000 210,000 1,870,000 260,000 350,000 530,000
<br />2005-06 8,050,000 100,000 600,000 1,220,000 1,840,000 210,000 1,930,000 260,000 350,000 570,000
<br />2006-07 8,350,000 110,000 N/A 1,380,000 2,060,000 N/A 2,080,000 260,000 350,000 1,030,000
<br />2007-08 8,660,000 110,000 N/A 1,420,000 2,120,000 N/A 2,140,000 260,000 350,000 1,070,000
<br />2008-09 8,980,000 120,000 N/A 1,460,000 2,180,000 N/A 2,200,000 260.000 350,000 1,110,000
<br />.ww w. c.uy vi oau i.cauwv t~cucvcivpuictli Kf'GllG y, Ur~alt [1llalyrlCS.
<br />Table 4a. Joint Proiect Area Prniecter?! Tax TnrremPnt _ ~nn7 TIT,riafv
<br />
<br />
<br />
<br />Y
<br />Gross
<br />Tax
<br />Increment
<br />County
<br />Admin
<br />Fee
<br />Bayfair
<br />Ma11
<br />Adjustment
<br />Housing
<br />Set-
<br />Aside (City)
<br />Pass-
<br />Through
<br />Payments
<br />
<br />ERAF*
<br />Payment County TI
<br />&
<br />Housing
<br />Set-Aside
<br />General
<br />Fund
<br />Loan
<br />COP
<br />Debt
<br />Service
<br />Available
<br />City Tax
<br />Increment
<br />2004-OS 9,941,457 90,938 598,823 896,213 3,087,502 509,909 3,327,916 262,366 654,558 513,231
<br />2005-06 11,386,540 85,721 598,823 1,046,218 3,777,600 630,319 3,968,268 262,366 653,138 364,088
<br />2006-07 13,043,873 82,047 N/A 1,203,805 4,505,957 N/A 4,844,902 762,366 647,892 996,903
<br />2007-08 13,952,468 90,558 N/A 1,236,358 4,703,279 N/A 5,367,908 297,833 644,513 1,612,020
<br />2008-09 14,888,840 98,268 N/A 1,322,462 5,220,493 N/A 5,587,634 297,833 594,415 1,759,735
<br />~~u~~~...~~y ~. ~a,~ i,ca,iu,v c~cuwcwpuicul r~gcucy, uroan rulalyacs. r~gures m uatres represent pro~eevons.
<br />*ERAF Payment is total for City and County.
<br />Mid-Term Review Page 6
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