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Extend Eminent Domain 3 September 12, 2000 <br />parcels in the unincorporated County portion of the project area. The CAC voted to support the <br />inclusion of these properties within eminent domain authority. <br />Fiscal Impact <br />N/A <br />Budget Authority <br />N/A <br />Attachments <br />• Resolution of the San Leandro Redevelopment Agency of the City of San Leandro Approving <br />Amendment No. 5 to the Joint Alameda County/City of San Leandro Redevelopment Plan to <br />Extend the Power of Eminent Domain to a Limited Number of Commercially and Industrially <br />Zoned Properties within the Project Area <br />• An Ordinance Approving Amendment No. 5 to the Joint Alameda County/City of San Leandro <br />Redevelopment Plan to Extend the Power of Eminent Domain to Limited Number of <br />Commercially and Industrially Zoned Properties within the Project Area <br />CONCLUSION <br />The extension of the power of eminent domain is important for the continued success of <br />Redevelopment as it will expand the Agency's capability to assemble land for development projects <br />and increase its ability to respond quickly to development opportunities. There are also potential tax <br />benefits for property owners whose property is acquired through eminent domain relating to capital <br />gains tax deferral. <br />DP:nh <br />Attachments <br />G:\DS\DEBBIE\2000\EDAMEND5.doc <br />'75 <br />