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• Facilitate improvements to the downtown to make it more bicycle friendly, including bike racks and dedicated bike lanes. • Encourage and assist property owners in repositioning obsolete buildings when financially feasible. • Reconstruct and /or repair aging infrastructure such as streets, curbs and sidewalks, parking facilities /lots, and the undergrounding of utilities along major arterials and other major corridors in the Plaza. Allocation of Funds The Plaza Project Area's resources are limited due to the small size of the project area relative to the Agency's other two project areas. Table 3 shows annual estimates of available tax increment revenue (from Table 2), along with funding obligations for Plaza maintenance and security, and projected expenditures for project area administration, which includes roughly $50,000 per year for the Commercial Rehabilitation Loan Program. The $1 million SERAF payment shown for FY 2009 -10 represents a State take of redevelopment funds that resulted from the State's FY 2009 -10 budget crisis. A pending lawsuit will ultimately determine the legality of that payment. The payment of $1,000,000 for Town Hall Square in 2011 -12 represents an Agency contribution to development of that site. The exact nature and amount of that payment will be determined once more precise development plans are established. Table 3. Plaza Funds Allocation - 2009 Estimates Fiscal Year Starting Funds Available Tax Increment SERAF Payment Plaza Maintenance & Security Administration Town Hall Square Ending Balance 2009 -10 2,600,000 273,558 1,083,737 120,000 330,000 - 1,339,821 2010 -11 1,339,821 277,324 - 120,000 330,000 - 1,167,145 2011 -12 1,167,145 281,719 - - 330,000 1,000,000 118,864 2012 -13 118,864 287,324 - - 330,000 - 76,188 2013 -14 76,188 293.042 - - 330.000 - 39.230 Source: City of San Leandro, Urban Analytics Even with the limitations on Plaza funds and revenues, the Agency's projects in the Plaza area will remain a major focus of staff activity in the 2010 -14 Implementation Plan period. Implementation of the TOD Strategy, the replacement of the Estudillo- Callan Parking Garage, and the efforts for land assembly and design to redevelop Town Hall Square will be very significant. Through outreach to downtown property owners and businesses, the Agency will continue to work towards the creation of a PBID or a CBD to fund necessary maintenance and services to the downtown area starting around 2011 -12. San Leandro Redevelopment Agency 2010 -2014 Implementation Plan Page 6