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File Number: 18-008 <br />the 2017-18 ROPS. Payment amounts based on residual Redevelopment Property <br />Tax Trust Fund funding available following payment of enforceable obligations. Up to <br />50% of residual funds above the base residual fund level in fiscal year 2012-13 may be <br />used to pay off the loan. <br />Payments for several Enforceable Obligations are now complete and will be ‘retired’ on the <br />2018-19 ROPS: <br />·Eden Road Construction - A second transfer of $633,766 was requested for the 2017-18 <br />ROPS to complete payment of $1.5 million as outlined in the 2011 Cooperative <br />Agreement between the City and Redevelopment Agency. A total of $280,065 was <br />approved for distribution, with the California Department of Finance stating that excess <br />Redevelopment Property Tax Trust Funds were available from previous years to cover the <br />remaining $353,701 due. <br />·Hays St. Streetscape - A one time transfer of $2.0 million was made to the City of San <br />Leandro during the 2017-18 ROPS period as outlined in the 2011 Cooperative <br />Agreement between the City and Redevelopment Agency. Funds are to be used for <br />improvements to Hays Street/Dan Niemi Way in conjunction with redevelopment of the <br />Town Hall Square site. <br />·King Ground Lease Settlement - The final payment of $1.25 million was made during the <br />2017-18 ROPS period per the payment schedule established in settlement of litigation <br />related to a ground lease guarantee. <br />·Excess Bond Proceeds - Per Agreements in 2016 and 2017, approximately $2.3 million in <br />Excess Bond Proceeds from the 2008 Joint Project Area Tax Allocation Bond were <br />approved for transfer and expenditure by the City of San Leandro for use on projects in the <br />former Joint Project Area, including improvements to the Downtown Parking Garage, <br />improvements to the ‘Triangle’ project at East 14th/ 150th/ Hesperian Blvd, and utility <br />undergrounding and pedestrian lighting along East 14th St. Funds were approved and <br />transferred during the 2017-18 ROPS. <br />Payment of funds for one City-Agency Agreement remain on a future ROPS for payment. A 2011 <br />Cooperative Agreement between the City and Redevelopment Agency allocated $4,191,611 for <br />continuation of the Doolittle Drive streetscape project. A first installment of $400,000 was paid to <br />the City for streetscape design, which was approved and paid during the 2016-17 ROPS. A total <br />of $3,791,611 remains under the agreement and will be requested for payment during a future <br />ROPS period to fund streetscape construction following completion of design and other <br />pre-construction work. <br />The Oversight Board is scheduled to approve this ROPS on January 17, 2018 and it will be <br />forwarded to the DOF, the State Controller’s Office and the Alameda County Auditor Controller <br />after that action is finalized. <br />Previous Actions <br />Page 3 City of San Leandro Printed on 1/9/2018