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" y City of San Leandro <br /> . Meeting Date: December 15, 2014 <br /> +tAt � Staff Report <br /> File Number: 14-541 Agenda Section: CONSENT CALENDAR <br /> Agenda Number: 8.D. <br /> TO: City Council <br /> FROM: Chris Zapata <br /> City Manager <br /> BY: Cynthia Battenberg <br /> Community Development Director <br /> FINANCE REVIEW: David Baum <br /> Finance Director <br /> TITLE: Staff Report for a Resolution Approving $50,000 to Fund Downtown BART <br /> Parking Mitigation Measures <br /> SUMMARY AND RECOMMENDATIONS <br /> The construction of The Cornerstone and San Leandro Tech Campus, while beneficial for the <br /> City in the long term, will have an approximately 18-month impact on BART parking. Over the <br /> past three months, efforts have been made to educate BART patrons on transportation and <br /> parking alternatives during the temporary closure of the BART surface parking lot on the East <br /> side of San Leandro Boulevard. To mitigate the impact on BART parkers who may choose to <br /> park in the Downtown parking garage, a pilot shuttle program is proposed. $50,000 in funding <br /> is recommended for the shuttle program and potential lighting improvement or other mitigation <br /> measures. <br /> BACKGROUND <br /> Following seven years of planning, construction of Phase I of both The Cornerstone and San <br /> Leandro Tech Campus (SLTC) is beginning in December 2014. These projects, being <br /> developed on two key opportunity sites, will bring the greater density envisioned in the City's <br /> award winning Transit-Oriented Development Strategy to the transit rich Downtown. <br /> Phase I of The Cornerstone, constructed by BRIDGE Housing Corporation, is comprised of a <br /> 5-story building with 115 family affordable/workforce housing units over an underground <br /> parking garage. Phase I of SLTC, constructed by Westlake Urban, will be a 6-story, 132,000 <br /> square feet Class A office building and parking garage. The new office building will enable <br /> OSlsoft to expand and retain its world headquarters in San Leandro. <br /> These projects together represent a $130 million investment in Downtown San Leandro and <br /> will bring more than 750 construction jobs. The Cornerstone is scheduled to be completed in <br /> Spring 2016. The SLTC is projected to complete construction in Summer 2016. <br /> City of San Leandro Page 1 Printed on 12/9/2014 <br />