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• Facilitate improvements to the downtown to make it more bicycle friendly, including bike racks
<br />and dedicated bike lanes.
<br />• Encourage and assist property owners in repositioning obsolete buildings when financially
<br />feasible.
<br />• Reconstruct and /or repair aging infrastructure such as streets, curbs and sidewalks, parking
<br />facilities /lots, and the undergrounding of utilities along major arterials and other major corridors
<br />in the Plaza.
<br />• Facilitate technology infrastructure enhancements, including but not limited to high -speed
<br />internet services, to underserved business districts in order to support business operations and to
<br />attract new businesses into the City.
<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 crisis.
<br />A pending lawsuit will ultimately determine the legality of that payment. The payment of $1,000,000 for
<br />Town Hall Square in 2011 -12 represents an Agency contribution to development of that site. The exact
<br />nature and amount of that payment will be determined once more precise development plans are
<br />established.
<br />Tahle 3. Plaza Funds Allocation - 2009 Estimates
<br />Fiscal
<br />Year
<br />Starting
<br />Funds
<br />Available
<br />Tax
<br />Increment
<br />SERAF
<br />Payment
<br />Plaza
<br />Maintenance
<br />& Security
<br />Administration
<br />Town Hall
<br />Square
<br />Ending
<br />Balance
<br />2009 -10
<br />2,600,000
<br />273,558
<br />1,083,737
<br />120,000
<br />330,000
<br />-
<br />1,339,821
<br />2010 -11
<br />1,339,821
<br />277,324
<br />-
<br />120,000
<br />330,000
<br />-
<br />1,167,145
<br />2011 -12
<br />1,167,145
<br />281,719
<br />-
<br />-
<br />330,000
<br />1,000,000
<br />118,864
<br />2012 -13
<br />118,864
<br />287,324
<br />-
<br />-
<br />330,000
<br />-
<br />76,188
<br />2013 -14
<br />76,188
<br />293,042
<br />-
<br />-
<br />330,000
<br />-
<br />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 the
<br />TOD Strategy, the replacement of the Estudillo- Callan Parking Garage, and the efforts for land assembly
<br />and design to redevelop Town Hall Square will be very significant. Through outreach to downtown
<br />property owners and businesses, the Agency will continue to work towards the creation of a PBID or a
<br />CBD to fund necessary maintenance and services to the downtown area starting around 2011 -12.
<br />
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