2A Public Hearing 2009 0209 - Laserfiche WebLink

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Ninth Grade Campus 2 February 5, 2009 3) the public improvements will assist in the elimination of one or more blighting conditions inside the project area; and 4) the Agency's assistance for the public improvements is consistent with its current five- year implementation plan. Furthermore, in cases where the public improvement is a publicly owned building, Section 33679 of the Redevelopment Law requires the agency to hold a public hearing. For at least two consecutive weeks prior to the hearing, the agency must publish a notice in a newspaper of general circulation. The Agency must also make available to the public information outlining: • estimates of the amount of tax increment funds proposed to be used, including interest payments; the facts supporting the legislative findings, as outlined by Section 33445 of the Redevelopment Law; and the redevelopment purpose for which the tax increment funds are to be used. This Report has been prepared in compliance with Sections 33445 and 33679 of the Redevelopment Law and is attached. Project Description The San Leandro Unified School District (the "District") is constructing agymnasium, athree- story classroom building and cafeteria for the Ninth Grade Campus located at 13701 Bancroft Avenue, within the Joint Alameda County-City of San Leandro Redevelopment Project Area {the "Project Area"). Public infrastructure improvements including curbs and gutters, sidewalks, and asphalt improvements to the drop-off area will also be installed. Construction began in November 2008. The City of San Leandro (the "City") and the District contemplate entering into a "Joint Use Agreement" which provides for City use of the gymnasium during non-school hours. The San Leandro Redevelopment Agency (the "Agency") and the District contemplate entering into a "Financing Agreement" providing for financial contributions and certain in-kind contributions to the Project from the Agency as specified herein. Estimate of Agency's Tax Increment Contribution The Agency proposes to contribute the following amounts of tax increment to the Project: • Construction of the gymnasium building $1,635,360 • Design upgrades to the exterior of the gymnasium building $176,490 • 710 linear ft. of curb and gutter work at 138` Avenue and Bancroft Avenue $44,730 • 7,100 sq. ft. of sidewalk (ten feet wide) on 138' and Bancroft Avenues $129,220 • 2,500 sq. ft. of asphalt improvements to drop-off area $185,000 • In-kind contributions of asphalt improvements and corner reconfiguration $86,550 $2,257,350