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Table 8 below includes estimates that tax increment is projected to grow steadily in the 2010 -2014
<br />Implementation Plan period, allowing business assistance projects to be funded. In Fiscal Years 2009 -10
<br />and 2010 -11 the WSL Project Area is budgeted to pay $1.3 million in SERAF for the other two project
<br />areas, which are burdened with obligations. Those payments will be structured as a loan. The SERAF
<br />payments, therefore will delay the ability of the WSL Project Area to issue bonds to fund future capital
<br />improvement projects.
<br />Table 8. West San Leandro - MacArthur 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 />Commercial
<br />Rehab.
<br />Program
<br />Industrial
<br />Competi-
<br />tiveness
<br />Ending
<br />Balance
<br />2009 -10
<br />1,327,000
<br />1,961,117
<br />(1,854,612)
<br />(705,797)
<br />(50,000)
<br />(150,000)
<br />527,708
<br />2010 -11
<br />527,708
<br />1,998,854
<br />(874,661)
<br />(684,072)
<br />(50,000)
<br />(100,000)
<br />817.829
<br />2011 -12
<br />817,829
<br />2,076,900
<br />-
<br />(684,072)
<br />(50,000)
<br />(100,000)
<br />2,060,657
<br />2012 -13
<br />2,060,657
<br />2,175,593
<br />-
<br />(684,072)
<br />(50,000)
<br />(100,000)
<br />3 402,178
<br />1 2013-14
<br />3,402,178
<br />2,281,742
<br />-
<br />(684,072)
<br />(50,000)
<br />(100,000)
<br />L4,849,849
<br />Source: City of San Leandro, Urban Analytics.
<br />The WSL Project Area will be a major focus over the next five years with priority goals of development
<br />of the remaining Kaiser Permanente mixed -use site, support of the industrial businesses and
<br />development of the Marina Boulevard Specific Plan.
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