Agmt 2011 San Leandro Dark Fiber LLC (2)

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EXHIBIT D ECONOMIC BENEFITS OF PROJECT Confirm Project is Consistent with Economic Development Plan and General Plan The first sentence in the San Leandro General Plan is "San Leandro enters the new millennium with a deep appreciation of its past, a clear understanding of its present, and this shared vision of its future." The General Plan further points out that: Almost a third of the City's land is used for industrial and commercial purposes, including about 1,800 acres of industrial land and 900 acres of commercial land. Industry and commerce provide thousands of jobs, millions of dollars in annual sales and property tar revenues, and many critical services to San Leandro residents. The City is committed to keeping its economy healthy, maintaining a competitive edge within the region, and staying attractive to established and emerging businesses. This project recognizes that San Leandro has historically been a City that has supported, via infrastructure such as power, water, rail, highways and sewer, the industrial market. To compete, grow and attract this next generation of business, San Leandro must again act as it did when it built its own, modern sewer facilities. The modern equivalent is a fiber optic Information Highway. Such infrastructure is not only consistent with the General Plan; it is the extension of long standing traditions of attracting jobs to the area and goal of SB 375. In the last few decades, the character of the industries that live in the SF Bay Area has changed from the traditional manufacturing facilities to, as Alvin Toiler called it, the Information Age. It is the access, at sufficient speed, to telecommunications, data centers, and other information enabling technologies. It is the support of the new manufacturing world by considering programs like the Department of Commerce Foreign Trade Zones and the recognition of the world wide nature of investment through tools from the INS like the EB -5 /Regional Center visa for jobs program, and state programs like the Enterprise Zone. The next generation manufacturing will undergo rapid change as new technologies are evolved like the 3D Printing that allows the manufacture of physical items directly from the computer drawings so that an appliance manufacture no long has to inventory all the formed and machined parts that comprise the appliance. Other manufactures will make high tech devices or software — a strength of the US. These new companies and startups are essential to our economy because we will never recapture plants that are dependent upon low cost labor or natural resources that do not include the price of the environmental damage. Economic Development efforts in San Leandro are guided by an Economic Development Strategy and Work Program; a document first adopted by the City Council in 1997, and designed to create a positive environment for investment in the local economy. In that document it was noted that the challenge was to attract the investment needed to recycle existing commercial and industrial properties that are no longer functional. It was recognized that it would be important to establish a process for the continual upgrade of the area so that the City does not stagnate; these 1677047v4 25 Lit San Leandro Fiber Optic License