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~ Reconstruct and/or repair aging. infrastructure such as streets, curbs and sidewalks, <br />parking facilities/lots, and the undergrounding of utilities along major arterials and other <br />major corridors in the Plaza. <br />Allocation of Funds <br />The Plaza Project Area's resources are limited due to the small size of the project area relative to the <br />Agency's other two project areas. Table 3 shows annual estimates of available tax increment revenue <br />(from Table 2), along with funding obligations for Plaza maintenance and security, and projected <br />expenditures for project area administration, which includes roughly $50,000 per year for the <br />Commercial Rehabilitation Loan Program. The $1 million SERAF payment shown for FY 2009-10 <br />represents a State take of redevelopment funds that resulted from the State's FY 2009-10 budget <br />crisis. A pending lawsuit will ultimately determine the legality of that payment. The payment of <br />$1,000,000 for Town Hall Square in 2011-12 represents an Agency contribution to development of <br />that site. The exact nature and amount of that payment will be determined once more precise <br />development plans are established. <br />Table 3. Plaza Funds Allocation - 2009 Estimates <br /> <br />Fiscal <br />Year <br />Starting <br />Funds Available <br />Tax <br />Increment <br />SERAF <br />Payment Plaza <br />Maintenance <br />& Security <br /> <br />Administration <br />Town Hall <br />S ware <br />Ending <br />Balance <br />2009-10 2,600,000 273,558 1,083,737 120,000 330,000 - 1,339,821 <br />2010-11 1,339,821 277,324 - 120,000 330,000 - 1,167,145 <br />2011-12 1,167,145 281,719 - - 330,000 1,000,000 118,864 <br />2012-13 118,864 287,324 - - 330,000 - 76,188 <br />2013-14 76,188 293,042 - - 330,000 - 39,230 <br />Source: City of San Leandro, Urban Analytics <br />Even with the limitations on Plaza funds and revenues, the Agency's projects in the Plaza area will <br />remain a major focus of staff activity in the 2010-14 Implementation Plan period. Implementation of <br />the TOD Strategy, the replacement of the Estudillo-Callan Parking Garage, and the efforts for land <br />assembly and design to redevelop Town Hall Square will be very significant. Through outreach to <br />downtown property owners and businesses, the Agency will continue to work towards the creation <br />of a PBID or a CBD to fund necessary maintenance and services to the downtown area starting <br />around 2011-12. <br />G:\OBD\Files RDA\Administration & Budget\Implementation Plans\2010-2014 Plans\plaza goals and obj.doc <br />