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MANAGEMENT'S DISCUSSION AND ANALYSIS Using Commercial Rehabilitation Program funds, the Agency assisted with improvements to the DC Dance Center on Washington Avenue and Mike's Pet and Feed on East 14 Street. The DC Dance project involved new window graphics, paint, lighting, signage and landscaping. The Mike's Pet and Feed project involved new paint and signage. g The Agency worked with Pallen's Martial Arts to develop design plans for a facade improvement project at their new location on East 14` Street. Depending on the outcome of the ongoing lawsuit regarding the state of redevelopment in California, the Agency hopes to use Commercial Rehabilitation Program funds to assist in implementation of the project. • Staff worked with representatives from Chase Bank to coordinate the demolition of the long blighted First Interstate Bank building, which is adjacent to the Chase branch oil East 14 Street. Once cleared, the site will include additional parking for Chase, a new vehicular entrance on East 14 Street, and new landscaping. The project will also facilitate improved access for Chase customers on days when the Farmers' Market is active on Parrott Street. • Work was completed on streetscape and median improvement project on East 14 Street between 136 Avenue and 143` Avenue. The project involved the construction of new medians and the installation of new trees and landscaping. Funding was provided primarily through a Federal grant, although a small Agency match was also provided. • The seasonal Downtown Farmers' Market continued to draw crowds with the average weekly patronage averaging 2,500 per week, an increase from the previous year. The market was reconfigured this year to occupy Parrott Street to East 14th Street, adding space to accommodate over 40 vendor stalls. West San Leandro/MacArthur Boulevard Project Area Financial Overview: Tax increment revenue in the West San Leandro /MacArthur Boulevard Project Area was $3.4 million in fiscal year 2010 -11, up 3.2% from the previous fiscal year. Expenditures for the Project Area for 2010 -11 were $2.4 million. $5.2 million of the Agency's total long -term obligation is attributable to the outstanding principal on the 2004 Tax Allocation Bonds issued for capital improvements in the West San Leandro /MacArthur Boulevard Area. The bond finds have been fully expended. Agency staff continued to provide assistance with the development of the Kaiser Permanente Medical Center on the 63 -acre former Albertson's distribution site at Marina Boulevard and I -880. The first phase of construction will consist of a 264 -bed state -of- the -art hospital and a 275,000 square -foot hospital support building and will provide over 2,300 jobs.