10D Action 2011 0307 - Laserfiche WebLink

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3 March 7, 2011 Section 33220(a) of the Redevelopment Law provides that, for the purpose of aiding and cooperating in the Redevelopment Plans, the City, upon the terms and with or without consideration as it determines, may aid and assist the Agency with redevelopment projects by entering into an agreement with the Agency. ANALYSIS Redevelopment Law, Section 33445, Findings When Redevelopment Agency funds are used to fund public improvements either within or adjacent to a redevelopment project area, California Redevelopment Law requires that: 1. The consent of the legislative body be obtained for the use of said funds; and 2. Certain findings, outlined in the previous section, be made to ensure the proposed improvements are of benefit to the project areas, consistent with identified redevelopment plan objectives and that there are no alternative means for funding the project. The Project falls within the boundaries of the West San Leandro Redevelopment Project Area. The project will benefit the Project Area and prevent blight by supporting additional commercial and industrial development, by providing aesthetic improvements that provide an improved climate for economic investment and by improving traffic flow and safety facilitating higher volumes of vehicle traffic in the project areas. Specifically, the Eden Road project involves the construction of a two -lane roadway along the existing Eden Road right -of -way plus a segment connecting the Business Center Drive /Davis intersection with the west end of Eden Road. Included in the project are the construction of water mains, storm drain lines, driveways, curb and gutter, fire hydrants, and street lights. Presently, Eden Road exists only as an unpaved roadway with insufficient connectivity. Completion of this project will further Agency goals of stimulating new industrial development and eliminating blight in the West San Leandro Project Area by vastly improving access to presently underutilized parcels. The Agency has already made an investment in this project by purchasing some of the required right -of -way. In addition to Agency funding, a business assessment district and transportation grant funds will finance the project. City staff has explored potential funding sources and has determined that there is no other source of funds reasonably available to the City to contribute toward the Project due to economic and political factors. City General Fund revenues are not available because they are committed for the provision of essential services such as police and fire. As described above, the proposed Project will help eliminate blight in the project areas and surrounding areas by stimulating private reinvestment and new development of vacant or underutilized parcels as a result of improved aesthetic characteristics and improved traffic Flow, capacity and safety. The 2010 -14 Redevelopment Agency Implementation Plan specifically identifies the construction of Eden Road as a priority project.