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7E estimated at $4 million) will help with the long-term integrity and reliability of the Page 4 structure. The appropriation will allow the design and the first phase of construction to take place. After the design is finalized, a more definitive scope of work will facilitate Council/Agency Board policy decisions and will allow a more accurate identification of how much additional funding will be needed in subsequent years and what funding sources might be available for the additional work (RDA funds can only be used for a portion of the project costs). The appropriation of an additional $1.1 million to RDA "Housing Projects~ General/Landbanking" (#806-71953) will provide additional funding for land acquisition and/or gap financing for affordable housing projects. This project currently has a balance of $1.3 million. Assuming approval of this amendment approximately $2.4 million would be available for future acquisition and/or gap financing for affordable housing. The appropriation of $1 million from the RDA Housing Set-Aside Fund 'Working Capital Balance" to the Bradford Street Project will begin to build a fund for gap financing specifically for this project. It is anticipated the gap financing required may be as high as $100,000 per unit and it is important to begin to commit funds to that project in anticipation of negotiating a Disposition and Development Agreement after the Request for QualificationslProposals has been issued and a developer selected. Additional funding for this project will be included in the proposed FY 2008/09 housing budget. The Transit Connectivity Project and the Downtown Garage Foundation Upgrade Project relate to the elimination of blighting conditions referenced in both the original Redevelopment Plan and Amendment Area #2. Specifically references include ". . . inadequate access and a functionally inefficient lot and block layout created by the railroad"; as well as ". . . inadequate public improvements" and ". . . inadequate infrastructure" and the impediment of the tracks to traffic circulation within and around the area. Improvements to address these conditions are referenced in the implementation plans adopted by the Agency over the years as well as in the DPP adopted in May, 2007. ALTERNATIVES The Agency Board could take "no action" and leave the fund balances in place. This is not recommended because of the need to move forward on the capital projects as well as to continue the successful "Summer in the City" program this next summer. The staff resources are not sufficient in RDA to implement the program without the assistance of PRCS. Leaving the fund balances in place could also subject them to State scrutiny as the State looks for options to reduce its multi-billion dollar deficit for fiscal year 2008/09. The Agency Board could redirect the fund balances to projects other than those recommended. Staff has identified the projects seen as most important to further the goals of the Redevelopment Plan and the goals and priorities identified in the 2005- 2009 IP and the DPP. The only other project that might warrant consideration for additional funding is "Critical Pioneering Development", which currently has a balance of $565,000. Additional funding for this project would provide greater flexibility for supporting public/private