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Property Description <br />The RDA purchased the property in 1995 for $153,000. The building was subsequently <br />demolished. The acquisition cost shown above includes the land only. After the acquisition, the <br />RDA removed the existing dilapidated single-family home and constructed a neighborhood <br />entry sign for the Davis -West single-family residential area. The RDA also improved the <br />remaining portions of the property with landscaping and wider sidewalks along Warden Avenue <br />and Davis Street. The pocket park with the neighborhood entry sign serves to buffer the <br />residential area from the busy Davis Street commercial corridor and 1-880 intersection. In 2004, <br />Pacific Bell Telephone Company, now known as AT&T, needed space along Davis Street for their <br />telephone utility lines and boxes. The RDA granted the 375 square foot easement along the <br />eastern edge of the property. <br />Proposed Disposition: Government Use <br />The Successor Agency proposes that this property be transferred to the City of San Leandro as a <br />governmental use considering that the property is used for a pocket public park. Currently, the <br />property has no value other than as a park space considering it is zoned residential, located <br />along a busy commercial corridor, and features important public improvements such as a <br />neighborhood entry sign, easements for utility lines and wider sidewalks. <br />The property does not generate any income and no opportunities for future income generation <br />have been identified. Maintenance costs will be assumed by the City. Although this parcel has <br />no development potential, the Successor Agency acknowledges that, should it ever be sold by <br />the City, proceeds from the sale would need to be distributed as property tax to the taxing <br />entities. <br />Advancement of planning objectives of the successor agency <br />The Plaza Redevelopment Project Area expansion Area D identified the Davis Street commercial <br />corridor as a mix of incompatible land uses and structures. The area was also blighted as public <br />infrastructure was either nonexistent or inadequate. The acquisition of this property was one of <br />accomplishments of the RDA in buffering the residential areas from the industrial and <br />commercials districts. The plan also called for district entry signage to improve the character of <br />each area, especially the single-family residential neighborhood that was surrounded by the <br />commercial and industrial districts. <br />History of previous development proposals and activity <br />None. <br />Description of property's potential for transit oriented development <br />None. <br />27 1 San Leandro I Long Range Property Management Plan I November 2015 <br />