RDA Reso 2010-004 - Laserfiche WebLink

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REDEVELOPMENT AGENCY FUNDS 19.4 As a result of the State's funding crisis, all redevelopment agencies in California will be required to make Supplemental Educational Revenue Augmentation Fund (SERAF) payments to the State in 2009-10 and 2010-11. For the San Leandro Redevelopment Agency, the SERAF obligations will be roughly $4.2 million in 2009-10 and $900,000 in 2010-11. These obligations will severely impact the Agency's abilities to maintain redevelopment efforts for several years. The Office of Business Development also oversees private leaseholds at the Shoreline - Marina, works with the Shoreline Business Association on cooperative marketing efforts, and is leading the project to develop a 40-acre opportunity site at the Shoreline. The Agency will continue to acquire and dispose of strategic real estate assets as necessary to forward the goals of the community and the redevelopment plans and assist our development partners in completing successful redevelopment projects. 2009-2010 ACCOMPLISHMENTS Economic Development • Worked with Cal-Coast Development and the Shoreline Development Citizen's Advisory Committee to develop design concepts for the shoreline opportunity site at the Shoreline. • Contributed to the attraction, expansion or relocation of numerous manufacturing, service, office and retail businesses including: expansion of AICo Iron and Metal Company, Service West, Inc., Energy Recovery Inc., the third and final building at Creekside Office Plaza, Yogofina and The Vine and Tapas. • Initiated meetings of a new Redevelopment Advisory Committee in July 2009 to provide input to the Redevelopment Agency and staff on large projects and redevelopment planning documents, including the Redevelopment Agency Five- Year Implementation Plan for 2010 - 2014. • Entered into an Exclusive Negotiating Rights Agreement with Innisfree Ventures II for development of 1550 East 14th Street and Town Hall Square (the triangle- shaped block bounded by East 14th Street, Davis, and Hays). The Agency will work with the developer to formulate a development plan that furthers the objectives of the Transit Oriented Development Strategy. Plaza Project Area Completed final construction of downtown improvements, including improved lighting, sidewalks and landscaping, as well as creation of community plaza on West Joaquin Avenue at East 14 h Street, including a fountain and areas for outdoor seating and dining. ~ ~ `, h` ,~r~+r _..'~/