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7C <br /> Page 22 <br /> and/or deferred payment loan packages, as well as grants to offset fees, incentives for <br /> enhancing outdoor dining experiences, and assistance with window dispfays and <br /> merchandizing, In addition,the Agency will be prepared to pro�ide additionaf residentia� <br /> rehabi�itation assistance and commercial development incentives as opportuni#ies arise. <br /> c. Assemble proper�ies info developable srfes. There are additional probiems associated <br /> wi#h subdivided lots of inadequate size and in multiple ownerships. The Project Area <br /> contains structures and properties in need of rehabilitation, but the diverse property . <br /> ownership pattern and other historica!development patterns impede the private sector's <br /> ability to assemble sites.Whi1e#he Agency no longer has eminent domain authority, site <br /> acquisition and assembly for affordable housing development will be a continuing priori#y <br /> over the next implementation period. It is also expected #hat the Downtown Precise Plan <br /> will spur private assembly efforts. <br /> d. Provide financraf ass�sfance and invesf rn publlc rnfrastructure�o encourage privafe <br /> development, support existing busrnesses, and promote an�mproved private investment <br /> climate. The Project Area suffers from an impaired investment climate. Agency <br /> assistance has continued to be a requirement for new development to occur in the <br /> Projec#Area. Agency economic development programs, continued investment in public <br /> improvements, housing ini#iatives and the re-approval and impiementation o#the <br /> Downtown Precise Plan will contribute in their aggregate effect to promote an improved <br /> investment climate. � <br /> e. Promote redevelopmenf in accordance with fhe new flowntown Precise Plan and the <br /> tVew Genera!Plan. These documents presen#a vision for the Project Area and its <br /> reEationship to the rest of the City.The Down#own Precise Plan is being refined and a <br /> new environmental document prepared in response to legal challenge. City and Agency <br /> actions will be guided by the Goals and Principles described in Book l. The development <br /> standards and design criteria outlined in Book II will help achieve the�ision. Actions and <br /> investments described in Book IIl that are not already completed will be undertaken as <br /> opportunities and resources permit. The New Generai Plan provides a guide for priorities <br /> and opportunities that may arise in the Project Area, but also outside of the D�wn#own, <br /> such as the Marina area, Seaport area (including the Port of Redwood City), lower <br /> Broadway, or the South Main St. area. <br /> f. Enhanee viability of transit and fhe Cal#rain S�atron. The Caltrain station is an <br /> underutiiized Projec#Area resource. The addition of fasfer"Baby Bullet"service and the <br /> initia#ion af the process re�ated to high-speed rail have made it an even more valuable <br /> asset. To take ful! advantage of these opportunities, and to pratec�and suppo�t the <br /> vision described in the Downtown Precise Plan, the Agency wili stay actively invol�ed in <br /> the high-speed rail process and#he support o#in#egrated tra�si#-oriented development <br /> and improved pedestrian linkages and connectivity between EI Camino Real, fhe <br /> residential neighborhoods to the West, and the Downtown. <br /> Keyser Marston Associates,tnc. Page 14 <br /> 11Sf-fs11wp11811881 Q118610.0051006-001,doc;DRAFT <br />