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• Install Downtown Pedestrian Enhancements and DavislEast 14th Street
<br />Lighting and Pedestrian Improvements in the core downtown area.
<br />• Construct the His#ory Walk which will highlight historic structures and call out
<br />historic events in the City.
<br />The Plaza's resources are limited due to the small size of the project area relative to the
<br />Agency's other two project areas. However, the 2002 TABS are available to fund eligible
<br />projects, and the Agency plans to spend the balance of the issuance in this Implementation Plan
<br />period. Table 3 shows the TABS balance, available tax increment, and their proposed project
<br />allocation.
<br />Table 3. Plaza Funds Allocation
<br /> Projects
<br />Fiscal
<br />Year Net Tax
<br />increment TABs
<br />balance OFA/
<br />DDA
<br />Obliga-
<br />tions Admin Available History Walk
<br />& Downtown
<br />Fed/Lighting
<br />Improvements Town
<br />Hall
<br />Square Commercial
<br />Rehab. &
<br />Other Econ.
<br />Develop. Baiance
<br />2004-OS $170,000 57,550,000 5140,OD0 $280,D00 $7,300,000 $2,760,000 51,500,000 $ 53,040,000
<br />2005-06 5190,000 53,040,000 5100,DD0 5300,000 $2,830,000 $1,000,000 5i,500,D00 $ 90,000 $240,DOD
<br />2006-07 5480,000 5 240,400 5100,000 $300,000 $ 320,000 $ 90,000 5230,OD0
<br />2007-08 5350,000 $ 230,DOD $]DD,DDD 5310,000 $ 170,000 $ 90,000 $ 80,D00
<br />2008-09 $350,OD0 5 50,000 S110,DD0 5310,000 $ 10,000 $ 10,000 5 -
<br />Source: City of San Lenndro Redevelopment Agency.
<br />The Agency's projects in the Plaza area will be a major focus of staff activity in the 2004-09
<br />Implementation Plan period. The Town Hall Square project will be very significant. As the
<br />negotiations with Town Hall Square property owners and businesses proceed, and land assembly
<br />progresses, a master developer will be identified to partner with the Agency on what is hoped to
<br />be a landmark project.
<br />2004-2009 Implementation Plan
<br />Page 6
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