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Financial Considerations <br />Project funding is derived from the gasoline taxes paid by boaters in California, and the repayment of <br />loan principal and interest. After the project is funded, the grantee must maintain the facility for 20 <br />years at no additional cost to the Department. The completed project will be open to all on an equal <br />and reasonable basis. The City of San Leandro does not charge to launch a boat at the San Leandro <br />Marina BLF. <br />RECOMMENDATION: <br />In view of the foregoing demonstration of the project's engineering and financial feasibility, the <br />Department of Boating and Waterways recommends that the Boating and Waterways <br />Commission consent to the phase I grant of $184,000 to the City of San Leandro for improvements <br />to the San Leandro BLF. <br />San Leandro Marina BLF <br />