10D Action Items 2017 1016 - Laserfiche WebLink

Home

City of San Leandro Meeting Date: October 16, 2017 Staff Report Agenda Section:File Number:17-592 ACTION ITEMS Agenda Number:10.D. TO:City Council FROM:Chris Zapata City Manager BY:Keith Cooke Engineering & Transportation Director FINANCE REVIEW:David Baum Finance Director TITLE:Staff Report for a Resolution to Authorize the City Manager to Write Off the Loan Created for Purchase of 2139 Laura Avenue and Appropriate Revenue from the Sale of 2139 Laura Avenue for the Creation of a Neighborhood Investment Program for the Davis West Neighborhood SUMMARY AND RECOMMENDATIONS The City Manager recommends that the City Council invest the revenue generated from the sale of City-owned property at 2139 Laura Avenue in the Davis West Neighborhood. The resolution would authorize the City Manager to: ·Write off the General Fund loan created to purchase the 2139 Laura Avenue property; and ·Appropriate $542,000 from the sale of 2139 Laura Avenue to be designated for neighborhood improvements in the Davis West neighborhood; and ·Direct staff to create a Neighborhood Investment Program for the Davis West neighborhood that will prioritize improvements such as mitigation of ongoing noise impacts from the Metropolitan Oakland International Airport as well as beautification efforts in and adjacent to the neighborhood. BACKGROUND On December 5, 2000 (with an addendum added on July 22, 2003), the City entered into a settlement agreement with the Port of Oakland (Port) which mandated mitigation of potential noise impacts from the Metropolitan Oakland International Airport on San Leandro residents. Funded by the Port and administered by the City, this $9 million program, called the Residential Airport Noise Insulation Program, provided for the installation of insulation features Page 1 City of San Leandro Printed on 10/10/2017 408