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Redevelopment Agency of the City of San Leandro
<br />Recognized Obligation Payment Schedule, as of March 1, 2012
<br />Capital Improvement Projects Iaavment amounts
<br />by month
<br />are estimates only
<br />City of San Leandro
<br />Joint
<br />Cooperative Agreement to Fund Garage
<br />$ - $
<br />- $
<br />Construction - $11,450,000 (Res 2010 -009
<br />- $
<br />- $ - $
<br />RDA), plus Purchase Agmt for 262 Davis (Res
<br />$ - $
<br />- $
<br />2008 -023 RDA)
<br />Bay Area Escrow Services
<br />Joint
<br />E14th/Hesperian Triangle Project -
<br />$ - $
<br />- $
<br />Revolving Fund Escrow Agreement for Site
<br />- $
<br />- $ - $
<br />Remediation (cost is an estimate, could
<br />vary)
<br />SideB Corporation /Quality Lube /Various
<br />Joint
<br />Relocation Assistance Triangle Project (Fed -
<br />Title 49 - Code of Federal Regulations; CA
<br />Code Regulations - Title 25, Div. 1, Ch 6, CA
<br />Govt Code sec 7260 et seq.; CA Code of Civil
<br />Procedure sec 1263.510)
<br />Alameda Housing Associates
<br />Hsg
<br />Funding Agreement for "The Alameda."
<br />April 6, 2009Owner Participation and Loan
<br />Agreement and Associated Legal Costs (Res.
<br />2009 -009 RDA)
<br />City of San Leandro
<br />WSL
<br />Cooperative Agreement for Eden Road
<br />construction (Res 2011 -001 RDA)
<br />City of San Leandro
<br />WSL
<br />Cooperative Agreement for Doolittle Drive
<br />Streetscape Improvements (Res 2011 -001
<br />RDA)
<br />City of San Leandro
<br />WSL
<br />Cooperative Agreement for MacArthur
<br />Boulevard Streetscape Improvements (Res
<br />2011 -001 RDA)
<br />City of San Leandro
<br />Joint
<br />Cooperative Agreement for Hays Street
<br />Streetscape Improvements (Res 2011 -001
<br />RDA)
<br />Total Paid from Existing Non - Housing Fund Balance
<br />Total Paid from Existing Housing Set -Aside Fund Balance
<br />Total Paid from Existing Bond Proceeds
<br />Total Paid from Redevelopment Property Tax Trust Fund
<br />Administrative Allowance (5% of Redev. Property Tax Trust Fund, or $250k)
<br />Total Expenditures
<br />Key to Project Areas:
<br />Plaza = Plaza Project Area
<br />Joint Alameda County /City of San Leandro (Joint) Project Area
<br />WSL= West San Leandro /MacArthur Boulevard Project Area
<br />Hsg = Affordable Housing Set -Aside
<br />' Principal balance only. Interest costs will be additional for some items.
<br />z The Kings are owners of real property located within the footprint of the Bayfair Mall that is being used for
<br />Redevelopment Agency to guarantee lease payments to the Kings in the event of default. The developers (BE
<br />Kings underthe Sublease. The Kings have demanded paymentfrom the parties, includingthe Redevelopmer
<br />the lease and make the payments, the liability could be consistent with the amouts shown above. The partie
<br />Estimated Balance
<br />as of 1/1/2012 Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Total Funding Source
<br />$ 7,900,000.00
<br />$ 355,450.00
<br />$ 100,000.00
<br />$ 7,144,517.00
<br />$ 1,500,000.00
<br />$ 4,193,611.00
<br />$ 1,274,134.00
<br />$ 2,000,000.00
<br />$ 2,869,609.90
<br />$ 222,074.95
<br />$ 7,937,315.00
<br />$ 3,049,320.00
<br />$ 250,000.00
<br />$ 14,328,319.85
<br />,arking pursuant tc
<br />yfair 580, LLC c/o h
<br />t Agency, as a guar
<br />are in discussions
<br />$ 744,157.00 $ 770,000.00 $ 1,596,460.75 $ 1,596,460.75 $ 1,596,460.75 $ 1,596,460.75 $ 7,900,000.00 Bond Proceeds
<br />$ 454.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 25,454.00 Bond Proceeds
<br />$ 1,161.00 $ 700.00 $ 2,500.00 $ 2,500.00 $ 2,500.00 $ 2,500.00 $ 11,861.00 Bond Proceeds
<br />$ - $ 693.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 34,500.00 $ 125,193.00 Housing Fund Balance
<br />$ - $
<br />- $
<br />- $
<br />- $
<br />- $ - $
<br />- No payments this period
<br />$ - $
<br />- $
<br />- $
<br />- $
<br />- $ - $
<br />- No payments this period
<br />$ - $
<br />- $
<br />- $
<br />- $
<br />- $ - $
<br />- No payments this period
<br />$ - $
<br />- $
<br />- $
<br />- $
<br />- $ - $
<br />- No payments this period
<br />a 1989 ground lease with the Mall developer, as amended. Amendments to the lease and other agreements have been entered into that purportedly require the
<br />I &J Wikow of California, Ltd) gave notice to the parties on July 12, 2011 that Bayfair Sublessee LLC would not be making any further payments of rent to the
<br />rotor of the lease and payments there under. (Note: the validity of the lease is in dispute). If the Redevelopment Agency is ultiumately responsible to guarantee
<br />ind negotiations to attempt to resolve the issues, without litigation.
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