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FY 2010-11 BUDGETCity of San LeandroRedevelopment Agency????????????????
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<br />Overview2Three Redevelopment Project Areas:?Plaza?Joint (City of San Leandro & Alameda County)?West San Leandro/MacArthur Blvd.Housing Set Aside (20% of Tax Increment)
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<br />2009-10 and 2010-11 SERAF3SERAF obligations resulted from the State’s 2009-10 budget crisis:Project Area2009/102010/11TotalPlaza$ 1,080,449 $ 0 $ 1,080,449 Joint Project Area11,320,804
<br />01,320,804 West San Leandro/MacArthur21,854,612 874,661 2,729,273 Total $ 4,255,865 $ 874,661 $ 5,130,526 1Excludes County share.2Includes loansof $1,117,185 to Joint Project Area for
<br />both years and $233,116 to Plaza for 2010-11.
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<br />Plaza Project Area2010-11 Budget OverviewOperating Revenue $2,367Less Operating Expenditures (2,400)Net Revenue/(Expenditures)*(33)Est. Beginning Cash 7-1-102,462Less Obligations (THS
<br />& Downtown)(1,352)Projected Ending Cash 6-30-11$1,077(in thousands)4* $48,000 for Chamber lease agreement to be reimbursed by bond funds.
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<br />2010-11 Plaza Expenditures?Administration$276?Salaries66?Services & Supplies129?Other81?Commercial Façade Improvement Pgm50?Chamber Lease Agreement48?Pass Thru Agreements32?Maintenance
<br />& Security83?Debt1,911Total$2,4005(in thousands)
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<br />2010-11 Major Plaza Projects & Programs?Downtown WayfindingGateway/Entrance Signs?Town Hall Square Development Planning?Commercial Façade Improvement Program?Business Attraction & Retention6
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<br />2010-11 Plaza CIP Obligations?Town Hall Square$1,000?Chamber Office Condo (Garage)352?TOTAL$1,3527(in thousands)
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<br />Outstanding Debt -Plaza General Fund Loan$2,2992002 Bonds13,565$15,864Note: General Fund loan as of 7-1-10 principal due, excludes interest8(in thousands)
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<br />Joint Project Area2010-11 Budget OverviewOperating Revenue $3,198Less Operating Expenditures (3,105)Net Revenue/(Expenditures)93Est. Beginning Cash 7-1-1011,607Less Obligations (11,583)Projected
<br />Ending Cash 6-3-11$117(in thousands)9
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<br />2010-11 Joint Expenditures?Administration$589?Salaries329?Services & Supplies176?Other84?Developer Agreements95?Legal Services 40?Debt (GF Loan, COPs, TABs)2,381Total$3,10510(in thousands)
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<br />2010-11 Major Joint Projects & Programs?Downtown WayfindingGateway/Entrance Signs?Farmers’ Market?Estudillo/CallanGarage Constr.?Mixed-Use Developments?1550 East 14thStreet?Washington/Parrott?Bayfair
<br />Development Parcel?Business Retention & Attraction11
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<br />2010-11 Joint CIP Obligations?Parking Garage$10,400?Senior Center150?East 14th, Hesperian “Triangle”623?SLUSD, Bayfair Payments410?TOTAL$11,58312(in thousands)
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<br />Outstanding Debt -Joint13General Fund Loan$2,1342001 Bonds3,9302008 Bonds27,205Bayfair Agreement700GM/Ford/Suzuki OPA’s2,449Loan from West San Leandro2,475SLUSD –9thGrade Campus1,308$40,201Note:
<br />General Fund loan as of 7-1-10 principal due, excludes interest(in thousands)
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<br />West SL/MacArthur Project Area2010-11 Budget OverviewOperating Revenue $3,305 Less Expenditures (3,131)Net Revenue/(Expenditures)174Est. Beginning Cash 7-1-10465Less Obligations(0)Projected
<br />Ending Cash 6-30-11$639(in thousands)14
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<br />2010-11 West SL/MacArthur Expenditures ?Administration$640?Salaries337?Services & Supplies186?Other117?Commercial Façade Improvement Program 50?Industrial Competitiveness Program100?Pass
<br />Thru Agreements823?SERAF875?CIP Carry-Over (Eden, MacArthur, Doolittle)232?Debt411Total$3,13115(in thousands)
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<br />2010-11 Major West SL Projects & Programs?Commercial Façade Improvement Program?Industrial Competitiveness Program?East Bay Green Corridor?Business Retention & Attraction16
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<br />2010-11 West San Leandro/MacArthur BoulevardUnfunded CIP?Eden Road$1,500 -2,000?MacArthur Boulevard Phase II1,300?Marina Boulevard Streetscapeunknown?Doolittle Phase IIIunknown17(in
<br />thousands)
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<br />Outstanding Debt –West SL2004 Bonds$5,30518(in thousands)
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<br />Housing Set Aside2010-11 Budget OverviewOperating Revenue$2,631Less Expenditures (1,724)Net Revenue/(Expenditures)907Est. Beginning Resources 7-1-101,017Less Obligations(0)Proj. Ending
<br />Resources 6-30-11$1,924(in thousands)19
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<br />2010-11 Housing Expenditures ?Administration$559?Salaries378?Services & Supplies62?Other119?Single Family Housing Rehab600?First Time Homebuyer Program355?Other Housing Services101?HUD
<br />Debt109Total$1,72420(in thousands)
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<br />2010-11 Major Housing Projects & Programs?Support & Encourage Affordable Housing Development?First Time Homebuyer Program?Single Family Rehab Program21
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<br />2010-11 Housing Obligations and DebtObligations?Agency-approved $9.1m loan to BRIDGE Housing for the AlamedaOutstanding Debt?HUD Section 108 Loan$62222(in thousands)
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<br />Cash vs. Fund Analysis23(in thousands)FundBeginning Fund BalanceRevenue/ResourcesExpenditure/UsesEnding Fund BalancePlaza$1,215$2,367$(2,400)$1,182Joint(4,308)3,198(3,516)(4,626)West
<br />San Leandro /MacArthur4,5663,305(2,898)4,973Low/Mod Housing1,0242,631(1,724)1,931RDADebt4,1454,640(4,626)4,159Total$6,642$16,141$15,164$7,619Cash Balance exceeds fund balance by $15.4m
<br />due to:•$11.1m in unfinished CIP projects•$500k in projected project savings•$5.1 for GF/WSL loans•$(1.3m) for SERAFCash Balance exceeds fund balance by $5.3m due to:•$5.1 for GF/WSL
<br />loans
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<br />Questions and Answers 24
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<br />2010-11Redevelopment Agency Personnel Summary 8.5 FTE’sOffice of Business Development 4.48Housing Division2.84Street Maintenance0.50Community Development Director0.40Planning Division0.20Environmenta
<br /> Services0.058.4725
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<br />LINKS BUDGET26Revenue:Business Improvement District130,000LIFELINE Grant210,000Subtotal Revenue340,000Expenditures:Transportation280,000Administration45,000Consulting & Marketing8,920Contingency6,000
<br />ubtotal Expenditures339,920
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