10B Action 2009 1221 - Laserfiche WebLink

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The West San Leandro/MacArthur Boulevard Project Area On July 19, 1999, the City Council of the City (the "City Council") adopted the Redevelopment Plan (as amended, the "West San Leandro/MacArthur Boulevard Redevelopment Plan") for the West San Leandro/MacArthur Boulevard Redevelopment Project (herein, the "West San Leandro Project Area") and established the boundaries thereof. The West San Leandro Project Area is comprised of two geographical areas. The western portion, internally known as the "West San Leandro Area", is located in the City's industrial core which is entirely west of Interstate 880 and comprises approximately 1,014 acres. The other, smaller, portion is largely commercial and is known internally as the "MacArthur Boulevard Area". This portion abuts a portion of Interstate 580 in the northern section of the City and comprises approximately 16 acres. Both areas generate tax increment. Shortly after formation of the West San Leandro Project Area in 1999, the Agency agreed to remove seventeen parcels from the initial West San Leandro Project Area in response to concerns raised by the County. The Agency and County signed a Memorandum of Understanding dated November 30, 1999, which identified the seventeen parcels to be removed. The Agency amended the West San Leandro/MacArthur Boulevard Redevelopment Plan and removed the parcels in Ordinance 2000-014 dated June 26, 2000. The Controller subsequently removed the parcels from both the base year assessed valuation and the annual tax increment. -19-