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Redevelopment Agency Of The City Of San Leandro ~ ~~ ~` ~ e$=Financial .Transactions ReRort Achievement Information (Unaudited) The Agency negotiated a deal with Red Mountain Real Estate for the purchase of 1550 East 14th Street, a 1.7 acre parcel in Downtown San Leandro. Prior to close of escrow in July 2009, the 26,000 sq. ft. building was demolished creating a site for temporary replacement parking during the construction of the new parking garage. The Agency plans to enter into an agreement with a developer to develop the site consistent with the Transit Oriented Development Strategy which requires mixed use development. To ensure the continued redevelopment of Bayfair Center, the Agency developed an Expansion Parcel Study for an underutilized 2.5 acre site, currently leased to Bayfair Center for surface parking. The Expansion Parcet Study will be used to solicit property owner and/or private developer interest. The first step of the "Triangle" project to reconfigure and improve the intersection of East 14th Street, Hesperian Boulevard and 150th Avenue, was taken in December 2008, when the Agency appropriated $1.3 million for acquisition of the Quality Tune Up property at 14901 East 14th Street. The Agency will continue to lease the site to Quality Tune Up during project design. former East Bay Municipal Utility District building at 1595 Washington Avenue demolished and the Agency is working with Langon Construction to develop infill site, along with the neighboring parcel at 268 Parrott Street, into a mixed development consistent with the Transit Oriented Development Strategy. Construction began in May 2009 on the third and final phase of Creekside Office Plaza, a class A office complex. The final building completes this publiGprivate partnership and brings an additional 83,000 sq. ft. of office space and 600 jobs to the City. Construction began on a 21,000 sq. ft. Senior Community Center which includes classrooms, arts and crafts areas, exercise rooms, and a large main hall which will also serve as an Emergency Operations Center. The Centeris scheduled to open in Spring 2010. Agency contributed $2.2 million to the San Leandro Unified School District for is improvements at their new Ninth Grade Campus and construction of a nasium. work on a four to five story LEED certified parking garage was completed Achievement Information (Unaudited) Page 3 12/17/2009