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Although these parcels have no development potential, the Successor Agency acknowledges <br />that, should they ever be sold by the City, proceeds from the sale would need to be distributed <br />as property tax to the taxing entities, after the negotiation of tax sharing agreements. <br />Advancement of planning objectives of the successor agency <br />These parcels were acquired as a part of the ongoing efforts of the Plaza Redevelopment <br />Project Area. They were purchased in groups beginning in the 1960s, 1970s and the remaining <br />parcel in the late 1990s. The Plan called for the acquisition of properties in the downtown <br />shopping area to provide additional public parking and improved pedestrian accessibility. <br />History of previous development proposals and activity <br />None. <br />Description of property's potential for transit oriented development <br />None. Although they are located within a transit oriented development area, the Successor <br />Agency expects these parcels to remain as free, public parking indefinitely. <br />20 1 San Leandro I Long Range Property Management Plan I November 2015 <br />