10B Action 2011 0118 - Laserfiche WebLink

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MANAGEMENT'S DISCUSSION AND ANALYSIS In June 2009, the Agency joined the East Bay Green Corridor, a regional partnership committed to strengthening the green technology economy while reaching sustainability goals. In 2009 -10 Agency initiated active involvement in the Corridor, particularly in the areas of marketing /website development and business development. A primary goal of the Agency's participation is to attract green businesses to opportunity sites which mainly exist in the West San Leandro industrial area. In partnership with the San Leandro Chamber of Commerce, the Agency has continued to develop industrial strategies. A key component of implementation will be "Careers in Industrial Technology," a program to introduce high school students to job training and opportunities in manufacturing businesses. The Agency continued implementation of an Industrial Competitiveness Grant program to provide technical assistance as well as funding for capital improvements which assist manufacturers and other industrial businesses in increasing energy efficiencies, thereby reducing their costs. This not only meets the City's goal of green house gas emissions reduction, but also assists businesses in remaining competitive. An Energy Efficieincy Resource Fair was held in October 2009 and loan Agreements executed with Mi Rancho Tortilla Factory for lighting improvements and Scandic Springs for installation of skylights. • Ridge Foundry, located at 1,554 Doolittle Drive, initiated a successful facade improvement which included the installation of new fencing and landscaping along the Doolittle frontage. The Agency assisted with the design and contributed to this project, with completion expected early in the 2010 -11 fiscal year. In 2009 -10 the Agency continued to provide administrative support the San Leandro LINKS shuttle which transports employees between industrial businesses and the Downtown San Leandro BART Station. Ridership of the shuttle continues to be strong. Grants have been secured for the next three fiscal years which eliminated the need for an Agency contribution in this fiscal year. Agency support will be needed in future years although the amounts should be considerably lower than in the past. Housing The housing objectives of the San Leandro Redevelopment Agency 2004 -09 Implementation Plan, City of San Leandro Housing Element, and the City's U.S. Department of Housing and Urban Development (HUD) 2005 -2009 Consolidated Plan address the underserved housing needs of households and families in San Leandro. One of the primary goals in these City housing plans is to provide programs that foster and maintain affordable housing. The Agency is a crucial funding source and has effectively leveraged set -aside funds with other sources in cooperation with developers (i.e., non - profit and for profit) and the City in achieving these goals. Pursuant to Health and Safety Code Section 33080.1(c), notable Agency - assisted housing activities for FY 2009 -10 include: • Financial Overview: Tax increment revenue for housing was $2.6 million in the 2009 -10 fiscal year, equal to 20 percent of Agency -wide tax increment revenue. Revenue for housing represents a 5.4% decrease from the prior fiscal year. The non - profit developer Eden Housing, Inc., completed the construction of Estabrook Place, a new 51 -unit affordable senior apartment complex located at 2103 East 14 Street (and Estabrook Street) in Spring 2010. The property was fully leased up and occupied by June 30, 2010. Of these fifty (50) households, thirty -seven (37) households have lived or were currently living in San Leandro prior to moving into Estabrook Place. The Agency approved a $2 million loan in July 2007 to the nonprofit Eden Housing, Inc.,