MO 1997-026 to 1997-030 - Laserfiche WebLink

Home

complete the citizen's advisory committee study within the next six months. and additional data collection and analysis recommended above should be conducted concurrent with the other plan adoption proceedings. Costs and Sources of Funding. City staff estimate that one-time costs for development and adoption of a Redevelopment Plan and required environmental revieH would be HIGH. approximateiv $200.000. On -going costs for this program will also likely be HIGH. however. both initial and on -going costs for this program will be financed from Redevelopment tax increment funds. Development Incentives Development incentives include an array of tools the City can use to induce propem owner/prospective tenants to select San Leandro, as opposed to alternate locations. as the place to do business. While these incentives should be available to any property owner. they can be especially effective when used in tandem with other efforts to encourage reuse of specific buildings or locations. Most of the development incentive actions call for continuation of existing City programs, rather than creation of new initiatives. However. these programs have been called out as part of this Work Program to place them in the context of an integrated economic development strategy, and to reinforce the necessity of having such programs in place. Action 2.2: Use Economic Development Funding Sources to Assist with Renovation or Replacement of Costs for Existing Buildings For anv given project. a number of incentives described above are available to developers. An additional incentive that the Cite should consider offering is the possibility of using economic development funds from various sources to underwrite a portion of development costs for reuse or replacement of obsolete or underutilized industrial facilities in order to make these types of projects cost competitive with "greenfields" sites in other locations. This would benefit propem owners by reducing development costs. The benefits to the City include encouraging the reuse of vacant or underutilized sites and the long-term benefits that reuse can generate as opposed to the cost and blight that can occur due to neglect and abandonment of old buildings. Roles and Responsibilities. The City Development Services Department should be responsible for reviewing impact fee levels and policies and to develop any appropriate revisions for the City Council's consideration. Priority: HIGH 41 24d