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Table 7. West San Leandro- MacArthur Tax Increment
<br />Fiscal
<br />Year
<br />AV
<br />Growth
<br />Rate
<br />Gross Tax
<br />Increment
<br />20%
<br />Housing
<br />Set -Aside
<br />Pass
<br />Through
<br />Payments
<br />Bond Debt
<br />Service
<br />Available
<br />Tax
<br />Increment
<br />2009 -10
<br />5.20%
<br />3,966,691
<br />(793,338)
<br />(813,611)
<br />(398,625)
<br />1,961,117
<br />2010 -11
<br />1.00%
<br />4,049,592
<br />(809,918)
<br />(843,232)
<br />(397,588)
<br />1,998,854
<br />2011 -12
<br />2.00%
<br />4,220,650
<br />(844,130)
<br />(903,357)
<br />(396,263)
<br />2,076,900
<br />2012 -13
<br />2.00%
<br />4,394,858
<br />(878,971)
<br />(940,643)
<br />(399,650)
<br />2,175,593
<br />2013 -14
<br />2.00%
<br />4,572,277
<br />(914,455)
<br />(978,617)
<br />(397,463)
<br />2,281,742
<br />Source: San Leandro Redevelopment Agency, Urban Analvtics.
<br />Economic Development and Public Improvements: Objectives and Programs
<br />The Agency's aim with regard to economic development and public improvements is to improve the
<br />economic health of and encourage private investment in the W SL Project Area, and to make it more
<br />inviting to consumers and residents, thereby stimulating increased sales and private investment. The
<br />Agency can support the economic health of the Project Area by assisting the private sector in
<br />maintaining a balanced business base with an appropriate mix of industrial, manufacturing, and large -
<br />scale retail in the West San Leandro sub -area. In the MacArthur Boulevard sub -area, the Agency can
<br />work with businesses and property owners to provide neighborhood - serving retail, small office, and
<br />infill housing.
<br />Specific proposed programs to undertake over the next five years, in pursuit of these objectives, follow.
<br />The Agency is unable to provide funding for all the objectives. Leveraging private investment and
<br />obtaining financial assistance from other sources is essential to accomplish the objectives.
<br />Economic Development and Public Improvements Programs
<br />• Facilitate private redevelopment of a regional retail mixed -use shopping center on the
<br />remaining northern 25 acres of the new Kaiser Permanente Medical Center site.
<br />• Develop and implement a Marina Boulevard Specific Plan including Right -of -Way
<br />Improvements. Marina Boulevard is the gateway to the City's Shoreline.
<br />• Enhance industrial strategies via the East Bay Green Corridor, a regional partnership
<br />designed to improve efforts to develop green businesses, particularly in industrial areas. In
<br />addition, continue to enhance industrial strategies with focused outreach and by delivering high
<br />quality customer service and maintaining business relations.
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