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West San Leandro/MacArthur Blvd. -2- June 8, 1999 2. Approve a Resolution Adopting Findings Requiring Potentially Significant and Significant Impacts, Adopting a Statement of Overriding Considerations, and Adopting a Mitigation Monitoring Plan for the West San Leandro/MacArthur Boulevard Redevelopment Plan. That the City Council: 1. Approve a Resolution Electing to Receive Incremental Property Tax Revenues as Provided for by Section 33676 of the California Health and Safety Code for the West San Leandro/MacArthur Boulevard Redevelopment Project Area. 2. Approve a Resolution Confirming Review and Consideration of the Environmental Impact Report for the West San Leandro/MacArthur Boulevard Redevelopment Plan and Adopting Finding Relating Thereto. 3. Choose one of the following options with regard to adopting the final Redevelopment Plan: Option 1. Direct staff to prepare an Ordinance of the City Council of the City of San Leandro adopting the "Draft Redevelopment Plan for the West San Leandro/MacArthur Boulevard Redevelopment Project Area" (Tab 4 of the April 23, 1999 Staff Report binder) with certain corrections as outlined under "Draft Redevelopment Plan" noted below. Option 2. Same as Option 1 except include the changes to the Draft Redevelopment Plan proposed by the Planning Commission as noted below. Option 3. Same as Option 2 except include the changes to the Draft Redevelopment Plan proposed by the Redevelopment Advisory Committee as noted below. BACKGROUND On May 12, 1998 the City Council approved the recommendation of the West San Leandro/MacArthur Boulevard Citizen Advisory Committee to proceed with the establishment of a Redevelopment Area for the West San Leandro/MacArthur Boulevard Survey Area. Since that time, a Preliminary Plan has been approved by the Planning Commission; the Redevelopment Advisory Committee (RAC) was elected as an official advisory group to the Redevelopment Agency and has held six meetings; a series of technical studies have been completed, including a blight analysis, Environmental Impact Report (EIR) and financial assessment; the Preliminary Report to Affected Taxing Entities was approved and distributed for comment; the Agency has adopted Owner Participation and Business Reentry Rules; both the Agency and Council approved the use of 20% set -aside funds inside and outside the Project