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BusHsgDev Highlights 2009 0312
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BusHsgDev Highlights 2009 0312
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4/3/2009 11:00:26 AM
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4/3/2009 11:00:25 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
3/12/2009
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_CC Agenda 2009 0406
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\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0406
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Program and stimulating investment in the appearance of private businesses. She <br />recommended the Redevelopment Agency approve modifying the approved program <br />reimbursement from 50% to 75% of the total project cost. <br />Development Specialist Ricard provided the Committee with background information <br />explaining that due to the recession, many of projects in the advanced planning and pre- <br />construction phases are being postponed. Property owners are reluctant to spend money due to <br />reduced sales and uncertainty about the economy. <br />In order to encourage private investment, staff recommends the Commercial Facade <br />Improvement Program reimbursement be increased from 50% to 75% for the remainder of FY <br />2008-09 and FY 2009-10. Research on facade improvement program best practices shows that <br />other nearby municipalities' contributions range from 50% to 100% of the project cost. <br />Staff also recommends increasing the dollar amount the Executive Director can approve from <br />$25,000 to $50,000 to streamline the approval process. <br />Recommendation: <br />The Committee recommends the Agency increase the Facade Improvement Program <br />project reimbursement from 50% to 75% for the remainder of FY 2008-09 and FY 2009- <br />10 and increase the dollar amount the Executive Director can approve from $25,000 to <br />$50,000. <br />5. Update on Development Projects <br />a. Creekside Plaza: Community Development Director Sims explained that Innisfree <br />Companies, the developer of Creekside Plaza, will begin construction on the third and final <br />building this spring. <br />b. San Francisco Business Times: Business Development Manager Battenberg informed the <br />Committee that Agency will be taking out a 3/8ths page ad in the April 2009 San Francisco <br />Business Time. The ad will highlight upcoming development in San Leandro, and will <br />feature the Marina, Creekside Plaza, the Downtown Transit Oriented Development and the <br />Kaiser hospital. <br />6. Public Comments None <br />7. Committee Member Comments None <br />8. Adjourn <br />The meeting adjourned at 6:00 p.m. <br />
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