10A Action 2008 0303 - Laserfiche WebLink

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CITY OF SAN LEANDRO REDEVELOPMENT AGENCY STAFF REPORT DATE: March 3, 2008 TO: John Jermanis, City Manager and Executive Director FROM: Luke Sims, Communitvy~Development Director ~, ~ _ C~=a `^~ BY: Kathleen Livermor~ arming Manager SUBJECT PROJECT/PROJECT DESCRIPTION: APPROVED AND FORWARDED TO THE CITY COUNCIL AND REDEVELOPMENT AGENCY Jo Jermanis City anager and Executive Director MATTER OF RESOLUTIONS OF LOCAL SUPPORT FOR APPLICATION OF FUNDS THROUGH THE TRANSIT-ORIENTED DEVELOPMENT (TOD) HOUSING PROGRAM SUMMARY AND RECOMMENDATION Staff recommends that the City Council and Redevelopment Agency adopt the resolutions to support the application for funds through the Transit-Oriented Development (TOD) Housing Program. The California Department of Housing and Community Development (HCD) has issued a Notice of Funding Availability for the TOD Housing Program established under the Housing and Emergency Shelter Trust Fund Act of 2006 (Proposition 1 C). The City of San Leandro wishes to submit an application, as a co-applicant with Westlake Development Partners LLC, to obtain from HCD an allocation of TOD Housing Funds in the amount of up to $17 million for the San Leandro Crossings Development at the San Leandro BART Station (on the parking lot on the East side of San Leandro Boulevard and the Westlake property to the West of the BART Station). This program is pursuant to the TOD Implementation Program established by Part 13 of Division 31 of the Health and Safety Code, commencing with Section 53560. Pursuant to the statute, HCD is authorized to approve funding allocations, utilizing monies made available by the State Legislature to the TOD Housing Program, subject to the terms and conditions of the statute and the TOD Housing Program Guidelines, as amended by HCD on December 3, 2007. BACKGROUND • In September of 2007, after a 20-month planning effort, the City Council adopted the TOD Strategy, which specifically identified opportunity sites with housing, office and mixed-use development potential. The parcels associated with this grant application are part of Opportunity Site 24 and Site 17.