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Table 5. Joint Area Funds Allocation
<br />Fiscal
<br />Year
<br />Starting
<br />Funds*
<br />Available
<br />Tax
<br />Increment
<br />SERAF
<br />Payment
<br />Admin-
<br />istration
<br />DT Maint.,
<br />Sec.,
<br />Marketing
<br />Commercial
<br />Rehab.
<br />Dev./
<br />SLUSD
<br />Pmts
<br />Ending
<br />Balance
<br />2009 -10
<br />3,283,000
<br />61,047
<br />(1,320,804)
<br />(449,000)
<br />(133,000)
<br />(50,000)
<br />(460,000)
<br />931,243
<br />2010 -11
<br />893,804
<br />692,203
<br />-
<br />(438,000)
<br />(133,000)
<br />-
<br />(460,000)
<br />592,445
<br />2011 -12
<br />496,631
<br />744,437
<br />-
<br />(438,000)
<br />(133,000)
<br />-
<br />(637,000)
<br />128,882
<br />2012 -13
<br />(25,307)
<br />809,643
<br />-
<br />(438,000)
<br />-
<br />-
<br />(637,000)
<br />(136,476)
<br />2013 -14
<br />1 (369,665)
<br />1 916,536
<br />-
<br />(438,000)
<br />-
<br />-
<br />1 (587,000)
<br />(244,940)
<br />Source: City of San Leandro, Urban Analytics
<br />Table 6 below summarizes the funding allocations for projects funding by the 2008 TAB proceeds
<br />($25.1 million). All remaining funds are expected to be expended during the 2010 -2014 implementation
<br />period.
<br />Table 6. Joint Area 2008 Tax Allocation Bonds Funding Summary
<br />Project
<br />Funding
<br />Allocation
<br />Expenditures
<br />as of
<br />January 1, 2010
<br />Remaining
<br />Balance
<br />Downtown Light & Pedestrian Improvements
<br />665,000
<br />565,000
<br />100,000
<br />Senior Community Center
<br />10,500,000
<br />9,000,000
<br />1,500,000
<br />Estudillo /Callan Parking Garage
<br />12,100,000
<br />1,300,000
<br />10,800,000
<br />SLUSD 9th Grade Campus Contribution
<br />535,000
<br />535
<br />-
<br />East 14th Hes erian "Triangle" Pro ertv
<br />1,300,000
<br />620,000
<br />680,000
<br />Total, All Projects
<br />25,100,000
<br />12,020,000
<br />13,080,000
<br />Source: City of San Leandro
<br />Even with the limitations on Joint Area funds and revenues, the Agency's projects in the Joint 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, the efforts to redevelop 1550
<br />East 14th Street and 1595 Washington Avenue, and East 14th Street improvements will be very
<br />significant. Through outreach to Joint Area property owners and businesses, the Agency will continue to
<br />work towards the creation of a PBID or a CBD to fund necessary maintenance and services to the Joint
<br />Area starting around 2011 -12.
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