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1550 East 14te Street -Page 3 of 3 - April 27, 2009 <br />Environmental Review -All potential environmental impacts of acquisition, reuse and <br />redevelopment of the Property have been adequately addressed in the certified Final <br />Environmental Impact Report adopted in connection with approval of the TOD Strategy and <br />implementing ordinances, and no subsequent or additional environmental review is required for <br />the acquisition and contemplated reuse and eventual redevelopment of the Property. <br />Code Compliance Review -Not Required <br />Board/Commission Findings -Not Required <br />Summary of Public Outreach Efforts -Not Applicable <br />Fiscal Impact -This action has no impact on the General Fund. <br />Budget Authority <br />A FY 2008-09 appropriation of $3,500,000 from Joint Redevelopment Project Area fund <br />balance, $200,000 from the Estudillo/Callan Garage account, and $2,475,000 from the West San <br />Leandro/MacArthur Boulevard Redevelopment Project Area is recommended to fund the project. <br />Sufficient funds are available. <br />ice-, ~~- ~ ~~_. <br />Perry Carter, Interim Agency Treasurer <br />Attachment -None <br />CONCLUSION <br />Staff recommends that the City of San Leandro (City) and the Redevelopment Agency of the <br />City of San Leandro (Agency) approve the attached resolutions making determinations with <br />respect to CEQA, approving a Purchase and Sale Agreement, authorizing an inter-project area <br />loan, and authorizing the expenditure of tax increment funds for the acquisition of 1550 East 14th <br />Street. <br />\\CH-FPO1\Dept$\CM\DEPTIOBD\Files RDAUoint Project ArealAlbertsons - 1550E 14th\Purchase&SaleAgreementCouncilMemo5-4-b9.doc <br />