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3/22/2024 10:54:57 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
1/2/2024
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Reso SA 2024-001 2024 ROPS
(Amended)
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\City Clerk\City Council\Resolutions\2024
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File Number: 23-613 <br />·On September 19, 2016, the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro approved an Agreement with the City of San Leandro regarding <br />the expenditure of $600,000 of excess bond proceeds and authorizing the transfer of <br />such proceeds to the City of San Leandro. <br />·On January 17, 2017, the Successor Agency to the Redevelopment Agency of the City <br />of San Leandro approved an Agreement with the City of San Leandro regarding the <br />expenditure of $1,764,526 of excess bond proceeds and authorizing the transfer of <br />such proceeds to the City of San Leandro. <br />·On December 18, 2017, the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro approved the issuance of the 2018 Tax Allocation Bonds in order <br />to refund the outstanding 2008 Tax Allocation Bonds. <br />·In accordance with Health and Safety Code Section 34179(j), the ten oversight boards <br />then in place in the County of Alameda consolidated into one Oversight Board <br />commencing on and after June 1, 2018. <br />Applicable General Plan Policies <br />·Policy ED-4.5 Downtown San Leandro. Continue efforts to transform Downtown into <br />a successful, pedestrian-oriented, mixed-use district with services and amenities for <br />workers, residents, and visitors. Downtown should be the gathering place for the city, <br />providing restaurants, cafes, and a wide range of retail stores and services in a <br />walkable setting. <br />·Policy ED-5.2 Housing Production. Substantially increase the production of a variety <br />of housing types meeting the needs of persons at all income levels. <br />·Policy ED-5.11 Civic Beautification. Undertake streetscape improvements and <br />place-making efforts near BART, along major arterial streets, and in established <br />business districts. Such improvements should maximize the potential for increasing <br />business activity. <br />Financial Impacts <br />This Successor Agency action will not impact fund balance because Enforceable Obligations <br />funds are disbursed by the County Auditor-Controller through property tax revenue deposited <br />into the Redevelopment Tax Trust Fund (RPTTF). The General Fund (or any other City fund) <br />does not bear any responsibility for the payment of approved enforceable obligations of the <br />former Redevelopment Agency. <br />ATTACHMENTS <br />Attachment A: Resolution of the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro to Adopt a Recognized Obligation Payment Schedule (ROPS) and <br />Administrative Budget for the Period July 1, 2024 - June 20, 2025, Pursuant to Health and <br />Safety Code Section 34177(L) <br />o Ex A: 2024-25 ROPS and Administrative Budget <br />PREPARED BY: Lars Halle, Economic Development Specialist I, Community Development <br />Page 3 City of San Leandro Printed on 12/21/2023
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