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<br />. <br /> <br /> <br />I. <br />.....,1,:.', <br />i <br />y, <br />'r <br />! <br />t <br /> <br />t <br /> <br />\ <br />, <br />! <br />, <br />i <br />! <br /> <br />7A <br />events, as well as the 'program costs which' are part of. "Downtown Oeveta~eriB3 of 40 ' <br />Programs" '(previously\:::conomic .... Development Programs). Thebu~get for the ., <br />downtown programming is consistent with the mid-year budget amendment approved <br />by the Agency Board on March 10J 2008. In addition to the down~own events, this line <br />item budgets for the Forul11 series;' memberships in economic and community <br />',' development groups, and sponsorships in publications like the San Francisco Business <br />Times and the Chamber of Commerce Directory; , <br /> <br />The proposed RDA General Operating Budget continues funding for code enforcement <br />activitiesin the redevelopment projectarea,wit~ jni~ial primary focus on the Downtown. <br />These costs have been integrated into the "Employee Services" budget of the Agency <br />and constitute an important component of the Agency's blight elimination efforts. In <br />addition, the operating reserVe is reduced from $750,000 to $500,000. This is <br />warranted by the reduced activity in the Capital Improvement Program. <br /> <br />Redevelopment General-Capital Improvement Program (CIP) <br />A new capital project for a seasonal, rotating banner and decorations program is <br />proposed as part of the Agency capital budget. The seasonal, rotating banner project <br />provides, funding fOfth~ design, fabrication and installation of banners in the Downtown. <br />Funding would, also, be available for the' purchase of lights and holiday decorationsto <br />continue" expanding and" updating the collection of holiday lighting and decorations <br />begun in FY 2007/08. Funding in the amount of $75,009 for FY 2008/09 and $50,000 <br />for FY 2009/10 is proposed. . The banner program would include ECR and Veterans, as <br />well as the downtown' core streets and key gateways into the Downtown. The banners <br />of.l ECR and Veteran's would be more generic in nature, while the banners in the <br />Downtown core area would be more seasonal or event oriented;' The contract for the <br />installation of the banners ,would be awarded via a competitive bid process. The <br />program would be administered by Redevelopment staff. See Attachment 4 for a <br />summary of the program and banner types. <br /> <br />Finally, the proposed budget recommends $500,000 in "Contingency" funding as part of <br />the proposed budget. As in previous years, the money proposed for contingency <br />purposes should be viewed as a reserve fund for projects and opportunities that have <br />yet to surface or be identified and which would assist in the elimination of blight. <br /> <br />Housing Budget <br />Housing is one of the key priorities for the next phase of downtown revitalization. This <br />priority is made abundantly clear in the DPP. It was also made clear in the final budget <br />adopted by Agency Board resolution as part of the FY 07/08 budget process. In that <br />document, the housing priorities for FY 2007/08 were stated as follows: <br /> <br />. <br /> <br />Continue to talk with potential developers for market-rate multi-family <br />projects in furtherance of the DPP goals and priorities as well as 15% <br />afford ability covenants. <br />For projects outside of the DPP area (east of, 101, North Main, South <br />Main, etc), encourage the inclusion of 15% affordable units in discussion <br />with dev,elopers who have identified sites. <br />Work with not-for-profit developer (Living City Partners) to identify site for <br />, construction of approximately 16 units of ownership housing at affordable <br />levels:" <br />Upo,p> closure of environmental issues, prepare a Request ,for <br />PropOsal (RFP) for the Bradford site: 0. Develop a concept plan and <br /> <br />. <br /> <br />. <br /> <br />. <br />