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5 January 17, 201 1 <br /> • The estimated cost for the Eden Road project is approximately 55,800,000, of which <br /> 5800,000 represents land acquisitions costs already paid. The requested Agency contribution <br /> is 51,500,000. Remaining costs will be funded by an assessment district and other sources. <br /> • The estimated cost of the MacArthur Boulevard project is 51,274,143 all of which will be <br /> funded by Redevelopment tax increment. <br /> • The estimated cost of the Doolittle Drive project is 54,193,611 all of which will be funded by <br /> Redevelopment tax increment. <br /> • The estimated cost of the Hays Street project is 52,000,000 all of which will be funded by <br /> Redevelopment tax increment. <br /> Summary: <br /> • <br /> West San Leandro /MacArthur Tax Increment 56,967,754 <br /> Plaza Tax Increment 52,000,000 <br /> Total 58,967,754 <br /> CONCLUSION <br /> Staff recommends authorization of a Cooperative Agreement between the Redevelopment <br /> Agency and City of San Leandro and adoption of findings pursuant to Section 33445 of the <br /> California Community Redevelopment Law regarding use of redevelopment tax increment funds <br /> for the construction of Eden Road, streetscape improvements to MacArthur Boulevard between <br /> Lewis and Dutton, streetscape improvements to Doolittle Drive between Davis and Fairway and <br /> the streetscape improvements to Hays Street between Davis and East 14th. <br /> G:1OBD \Files RDA\Administration & Budget120I I State Budget Response\ CoopAgmtCouncilMemol- 17- 10.docx <br /> 1576137.1 <br />