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Long-term perspective <br />The City adopts an annual budget, but employs long-term planning as the framework for its fiscal <br />decisions. While San Leandra's underlying economy is viewed as positive in the long-term, today's <br />economic challenges, notably in the General Fund, must be dealt with now to ensure long-term fiscal <br />stability. The City Council has implemented various cost cutting measures after staffing peaked in <br />2008-09 to produce recurring budget savings to address unfunded liabilities. Passage of Measure Zin <br />November 2010, Measure HH in 2014 and Measures 00, PP and NN in 2016 have improved revenues <br />enough to restore selective services, such as the community care initiative and emergency <br />preparedness. <br />City Council unrestricted reserves total $36.6 million in the General Fund at June 30, 2018. The <br />restricted reserve balance is $16.6 million. <br />MAJOR INITIATIVES AND ACCOMPLISHMENTS <br />In its role of providing policy direction and general oversight, the City Council establishes major goals <br />for City service delivery. These goals are identified and quantified in the City's annual budget. The <br />City can boast of an impressive list of major initiatives and accomplishments during 2017-18 that <br />helped achieve the City's mission of serving the public and enhancing the quality of life in San <br />Leandro. Some of these major initiatives and accomplishments include: <br />Capital Improvements <br />Energy and Water Efficiency Improvements As part of City Council's goal to maintain and enhance <br />San Leandra's infrastructure, the City entered into a $5.2 million contract to replace streetlights with <br />brighter, energy efficient LED lights, new lighting systems at 23 City buildings, including the main <br />Library, new HV AC systems at three City buildings and new irrigation for City-owned landscape. The <br />contractor has guaranteed the savings will be sufficient to pay the cost of the project over its useful life. <br />This project was completed in November 2018. <br />Streets and Road Projects As part of the City's overall Pavement Management strategy, the <br />rehabilitation of city streets through the construction of overlay, pothole repairs, and various street <br />resurfacing treatments, continue to improve the streets and roads that enhances the City's road quality <br />and durability. <br />Affordable Housing and Downtown Office Construction The 200-unit mixed use, transit oriented <br />development Marea Alta rental construction on the fo1mer BART parking lot site (1400 San Leandro <br />Boulevard) provides affordable rental housing. The project developer is BRIDGE Housing <br />Corporation, a nationally recognized nonprofit affordable housing developer and property manager. <br />Simultaneously, Westlal<e Development Partners is constructing a multi-phased downtown technology <br />campus on property it owns west of the San Leandro BART Station, which was originally intended for <br />affordable rental housing by BRIDGE Housing. Marea Alta and the San Leandro Tech Campus are <br />now distinct development projects on separate planning and construction schedules. The first fully <br />leased, 132,000 square feet and six level parking garage was opened in November 2016 by Westlake <br />Development Partners and the first 115 units of the Marea Alta project opened in May 2017 and the <br />fmal 85 units will open in 2019. Similarly, Westlake' s second office building has finished construction <br />and provides another 132,000 square feet of office space. Ghiradelli Chocolate Co has leased the top <br />floor of this building. A third office building or hotel is expected to commence construction in the <br />coming year. <br />vm 459