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File Number: 22-245 <br />development area. <br /> <br />To date, the redevelopment of the Shoreline site has been the subject of over 75 public meetings. <br />Most recently, work sessions on the Shoreline Development were held at the Planning <br />Commission on March 3, 2022 and at the City Council on March 14, 2022. The Planning <br />Commission also held a noticed special public hearing on April 21, 2022 on the Vesting <br />Tentative Tract Map for the west side of Monarch Bay Drive and the Council upheld the <br />Commission’s recommendation at a public hearing on May 16, 2022. The Planning Commission <br />held a continued public hearing on June 2, 2022. <br />This item was publicly noticed, including a legal advertisement in the East Bay Times Daily <br />Review newspaper, the posting of notices, and mailing notification to property owners within 500 <br />feet of the subject property. <br />Fiscal Impacts <br />The Shoreline Development will have numerous positive fiscal impacts, as noted above, with <br />approximately $350 million in private investment, $29 million for the land sale, $1.4 million in <br />annual leases, $2.2 million towards the affordable housing trust fund, $900,000 in annual Hotel <br />Transit Occupancy Tax per year, over $300,000 in expected building permit fees, payment of <br />applicable development impact fees, and increased annual property tax revenues. <br />Attachment(s) to Staff Report <br />·Attach <br />Page 12 City of San Leandro Printed on 6/15/2022