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42 City of San Leandro | Economic Development Initiatives and Work Plan | December 2013 <br /> <br />That dispute was ultimately resolved via a settlement agreement that preserves all <br />funding for the project. <br /> In April 2013, the Successor Agency began a meet-and-confer process with the State in <br />the hope of reversing a DOF demand for $2.6 million in loan payments previously paid <br />to the City’s General Fund. <br /> <br />Long Range Property Management Plan – As noted under Initiative #3 (“Development <br />Project”), properties previously owned by the San Leandro Redevelopment Agency are <br />governed by a special set of restrictions. Except for properties designated of “governmental <br />purpose” the Successor Agency will need to dispose of all real estate assets and remit the sale <br />proceeds to the Alameda County Auditor-Controller for redistribution. State law requires the <br />Successor Agency to prepare a Long Range Property Management Plan (LRPMP) to govern the <br />disposal of these assets. The LRPMP will need to be approved by both the Oversight Board and <br />the Department of Finance. It is the hope of Business Development staff that the LRPMP will <br />provide an opportunity to structure the disposal of assets in an orderly manner that will <br />support the development of these properties consistent with existing City goals and plans. To <br />the extent possible, the City will discourage land -banking and speculative purchases, working <br />instead to sell properties to developers who are prepared to invest in creating beneficial <br />projects. <br />Accomplishments To-Date: To date, the Successor Agency has catalogued the Successor <br />Agency parcels and is beginning to assemble data that will be requi red for the LRPMP. Staff is <br />presently awaiting promised guidelines from the DOF on the specific requirements for the Plan. <br /> <br />