AgdaPkt 2004-12-13 - Laserfiche WebLink

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��, ��23 housing initiatives will contribute in their aggregate effect to promote an improved investment climate. 5. Promote redevelopment in accordance with the Draft Downtown Area P/an and the soon to be completed Downtown Precise Plan. These documents present a vision for the Project Area and outline development standards and design criteria in order to achieve that vision. The Agency's actions over the next five years will be aimed at realizing the goals outline in these plans. 6. Enhance viability of transit and the Caltrain Station. The Caltrain station is an underutilized Project Area resource. The recent addition of faster "Baby Bullet" service and the potential for high-speed rail have made it an even more valuable asset. To take full advantage of the station, the Agency will support transit development in the vicinity and improve pedestrian linkages to EI Camino Real and the Downtown. Achievement of these operational goals and objectives will help create the necessary conditions to attract new residential commercial investment in the Project Area. Specific programs, projects, and expenditures for the 2005 to 2009 timeframe are discussed in the next section. In addition, the Agency will support the expansion and revitalization of the affordable housing stock in the Project Area (See Section H). F. Programs, Projects and Expenditures for the Next Five Years The Agency has identified programs and projects that may be implemented during the five-year period of the subject implementation plan (FY 2004/05 and 2009/10). A number of these programs are dependent upon the response by the private sector to Agency initiatives. Other program elements may be dependent upon funding sources not under Agency control, subsequent environmental assessment, and other factors. The Agency will allocate its actual resources among those programs depending upon conditions in place at the time of implementation. Programs identified include the following: 1. Public Facilifies and Infrastructure Improvement Program The Agency will implement an extensive list of public improvements currently in planning or under construction. Improvements expected to be completed during the 2005-2009 implementation period include: � ■ Completion of a new underground public parking structure and streetscape improvements to be constructed pursuant to a Disposition and Development Agreement for development of the new 20-screen, 4,200-seat On Broadway Cinema project. Parking facilities construction is currently underway and will continue until 2005. Keyser Marston Associates, Inc. 18610.001\030-003; 12/6/2004; DRAFT 12