AgdaPkt 2008-07-21 - Laserfiche WebLink

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,::~,~,,,;:,~:'~~\';'~6?::~,;,-;~,,:jir~';":;:';~:;f.:"k~:~~~"':'''~~~~~~~~':4. .,,";...~:r:~~~;-..:;..-~,....i-.JR~l-""~~~~;"-~"";-:'Y~"" !l.,A,.' 6.2A -Page 9 events, as well as the program costs which are part of "Downtown DevetcSflD8Nh Programs" (previously Economic Development Programs). The budget for the downtown programming is consistent with the mid-year budget amendment approved by the Agency Board on March 10, 2008. In addition to the downtown events, this line item budgets for the Forum series, memberships in economic and community development groups, and sponsorships in publications like the San Francisco Business Times and the Chamber of Commerce Directory. The proposed RDA General Operating Budget continues funding for code enforcement activities in the redevelopment project area, with initial primary focus on the Downtown. These costs have been integrated into the "Employee Services" budget of the Agency and constitute an important component of the Agency's blight elimination efforts. In addition, the operating reserve is reduced from $750,000 to $500,000. This is warranted by the reduced activity in the Capital Improvement Program. Redevelopment General-Capital Improvement program (CIP) A new capital project for a seasonal, rotating banner and decorations program is proposed as part of the Agency capital budget. The seasonal, rotating banner project provides funding for the design, fabrication and instal1ation of banners in the Downtown. Funding would also be available for the purchase of lights and holiday decorations to continue expanding and updating the collection of holiday lighting and decorations begun in FY 2007/08. Funding in the amount of $75,000 for FY 2008/09 and $50,000 for FY 2009/10 is proposed. The banner program would include ECR and Veterans, as well as the downtown core streets and key gateways into the Downtown. The banners on ECR and Veteran's would be more generic in nature, while the banners in the Downtown core area would be more seasonal or event oriented. The contract for the installation of the banners would be awarded via a competitive bid process. The program would be administered by Redevelopment staff. See Attachment 4 for a summary of the program and banner types. Finally, thE! proposed budget recommends $500,000 in "Contingency" funding as part of the proposed budget. As in previous years. the money proposed for contingency purposes should be viewed as a reserve fund for projects and opportunities that have yet to surface or be identified and which would assist in the elimination of blight. Housing Budget Housing is one of the key priorities for the next phase of downtown revitalization. This priority is made abundantly clear in the DPP. It was also made clear in the finat budget adopted by Agency Board resolution as part of the FY 07/08 budget process. In that document, the housing priorities for FY 2007108 were stated as follows : . Continue to talk with potential developers for market-rate multi-family projects in furtherance of the DPP goals and priorities as well as 15% afford ability covenants. . . For projects outside of the DPP area (east of 101. North Main, South Main, ate), encourage the inclusion of 15% affordable units in discussion with developers who have identified sites. . Work with not-for-profit developer (living City Partners) to identify site for construction of approximately 16 units of ownership housing at affordable levels. . Upon closure of environmental issues. prepare a Request for Proposal (RFP) for the Bradford site. Develop a concept plan and