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San Leandro Redevelopment Agency <br />2010 -2014 Implementation Plan <br />Introduction <br />The San Leandro Redevelopment Agency has a long tradition of undertaking public benefit projects, and <br />continues to enhance and improve San Leandro's image. In conformance with California Health and <br />Safety Code, this document updates the achievements of the Agency in the past five years and lays out <br />the plan for the next five years. The Agency has achieved many of its economic development, public <br />improvement, and affordable housing programs in the last five years, such as the completion of the <br />Creekside Office complex, Downtown Street Lighting and Pedestrian Improvements, MacArthur <br />Boulevard Streetscape Improvements, Doolittle Drive Gateway Improvements, the Casa Verde <br />affordable housing project, Estabrook Place senior apartments, and sustaining the Marina Boulevard <br />Auto Mall and Regional Retail area, to name a few. <br />The next five years will be no different. Though limited by funds and revenues, the Agency has <br />identified many other projects and programs that will enhance the City's image, support local <br />businesses, prevent blight and improve the quality of life. Some projects identified in this plan includes <br />the implementation of the Downtown Transit Oriented Development (TOD) Strategy, replacement of the <br />Estudillo- Callan Garage, development of Town Hall Square and the former Albertson's site at 1550 East <br />14th Street, the San Leandro Crossings, and the final phases of street improvements to East 14th Street <br />and MacArthur Boulevard. <br />Redevelopment funding in California consists mainly of tax increment, a portion of the property tax <br />revenue collected within the redevelopment project areas. "Tax increment" refers to the taxes collected <br />on the increase in assessed value (over and above the base year assessed value) of properties in the <br />redevelopment areas, starting from the date of Redevelopment Project Area designation. Redevelopment <br />agencies are authorized to take a share of the tax increment, and in most cases, the other taxing agencies <br />take a share of it as well. <br />The San Leandro Redevelopment Agency is administered out of the Office of Business Development, a <br />division of the City's Community Development Department. The full -time staff is also responsible for <br />the City's economic development initiatives. The Agency's housing activities are handled mainly by the <br />Community Development Department's Housing Services Division, with assistance from Business <br />Development on special development projects. Engineering and Transportation staff manages capital <br />projects funded by the Agency, and Finance staff handles the financial operations. <br />This Implementation Plan covers the vast majority of the Agency's activities for the next five years. <br />Separate sections are presented for each of the three project areas, providing detail on their goals and <br />objectives for economic development and public improvements, and their budgets. Housing is the final <br />section of this plan. <br />There is concern noted in this plan because of financial constraints at both the state and local level. The <br />state's mandatory Supplemental Education Revenue Augmentation Fund ( SERAF) shift from local <br />redevelopment agencies to the schools in addition to pre- existing obligations, drastically limits the new <br />projects the Agency can undertake and future takes are unknown. Tax increment revenue has also <br />declined in recent years due to reductions in assessed values within the project areas. Table 1 on the next <br />page shows the expected revenues and the SERAF shift as currently projected. <br />