Laserfiche WebLink
• 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 />