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PowerPoint 2H Presentation 2013 0506
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PowerPoint 2H Presentation 2013 0506
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5/29/2013 3:15:25 PM
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5/29/2013 3:15:15 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/6/2013
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PERM
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2H Presentation 2013 0506
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\City Clerk\City Council\Agenda Packets\2013\Packet 2013 0506
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Project History: Opportunities & Obstacles <br />2008 <br />•SL Crossings Masterplan created <br />•State Prop 1C grants awarded ($22 mil) <br />2009 <br />•Planning entitlements approved for Cornerstone <br />• $9.1 mil RDA Set-Aside loan approved <br />2010 •SL Crossings delayed due to economy <br />2011 <br />•Prop 1C deadlines extended <br />•State initiates elimination of redevelopment <br />2012 <br />•Prop 1C issues resolved with State HCD <br />•State DOF demands $3.9 million for BRIDGE <br />2013 <br />•City files lawsuit against DOF and continues to <br />pursue settlement <br />2014 – Cornerstone must start construction to <br />meet Prop 1C expenditure deadline in early 2015
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