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File Number: 15-600 <br />The funds will be allocated to the taxing entities in proportion to the share of property tax that <br />each agency receives. As one of the taxing entities, the City of San Leandro will receive <br />approximately 12% of the sale proceeds. Staff estimates that the City will receive <br />approximately $140,000 from these sales. <br />The two exceptions to this arrangement are 268 Parrott Street and 2101 Marina Boulevard. <br />For those properties, prior agreements between the City and the RDA committed 100% of the <br />proceeds to the City. Staff estimates that the City will receive $450,000 from the sales. <br />All estimates of sale values are extremely preliminary and will be subject to additional <br />refinement and changing market conditions. <br />ATTACHMENT <br />Attachment to Resolution <br />Long Range Property Management Plan <br />PREPARED BY: Jeff Kay, Business Development Manager, Community Development <br />Department <br />City of San Leandro Page 8 Printed on 10127/2015 <br />