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| ENFORCEABLE OBLIGATION PAYMENT SCHEDULE |
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| The El Monte Community Redevelopment Agency and the City of El Monte have adopted an Enforceable Obligation Payment Schedule pursuant to Part 1.8 of Division 24 of the California Health and Safety Code. Click Here to View |
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| DEPARTMENT OPERATIONS: |
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| The Economic Development Department is comprised of two core functions: Economic Development and Redevelopment. Our key program areas include: business recruitment and retention activities, visitor attraction programs, targeted redevelopment of underutilized properties, creating well planned and sustainable communities, business networking and development, initiating quality workforce and investment opportunities, ensuring attractive and well designed commercial and residential projects, and providing for the economic prosperity of the City. |
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| ECONOMIC DEVELOPMENT |
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| The City's Economic Development programs aim to improve the community by utilizing public and private resources in a way that has a positive impact on the business activity, employment, income distribution, and fiscal sustainability of the City. Examples in which economic development helps our community are: - Fostering Private Investment
- Growing and Sustaining Property Values
- Job Creation and Development
- Business Recruitment and Retention
- Increasing the City's Tax Base
- Sustaining City Programs and Services
- Diversification of Retail and Restaurant Offerings
- Productive Use of Property
- Recognition of Local Products; and
- Improving Quality of Life
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| REDEVELOPMENT |
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| The City's Redevelopment programs assist the City in ensuring the community obtains the most productive use of property, eliminates blight from underutilized areas, and achieves a desired development outcome. Examples in which redevelopment helps our community are: - Encouraging New Development
- Rehabilitation or Reconstruction of Existing Buildings
- Ensuring Quality Design and Uses for the Community
- Leveraging Private Investment
- Purchasing and Clearance of Underutlized Buildings and Land
- Assisting with Financing Public Infrastructure Improvements; and
- Ensuring Development of Quality Affordable Housing Projects
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| REDEVELOPMENT PROJECT AREAS |
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| The focus of the City’s revitalization efforts has been channeled through the adoption and implementation of its redevelopment plans. Redevelopment is being planned, initiated, or has been completed in 10 Projects Areas that cover approximately 1043 acres. Click here to view a detailed map of the 10 Projects Areas. |
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| NORTHWEST EL MONTE |
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| The Northwest El Monte Redevelopment Project Area contains no residential property and is focused on business development and job creation. It encompasses 410 acres of industrial and commercial use land and was adopted in 1993. Current 2010-11 projects in this area include the new City Public Works Yard and the construction of a new customer service center for the California Depatment of Motor Vehicles, and industrial flex space on the site of a former glass jar manufacturar, and the development of the new Gibson-Mariposa community park. By the summer of 2011, construction will begin on a major road improvement project on Baldwin to create a new railroad grade separation bridge project. This project will greatly reduce traffic congestion for truck traffic serving major employers nd logistics operations in the Northwest El Monte Redevelopment Project area. |
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| EL MONTE CENTER |
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| The El Monte Center Project Area was adopted in 1983 and included 60 acres of commercial property. The Redevelopment Agency has assisted in the development of a community shopping center that includes Sears Essentials, Staples, Union Bank, Dearden’s Department Store, and other specialty retail and restaurants. The El Monte Center Project Area is also home to Longo Toyota, the No. 1 auto dealership by sales and volume in the nation as well as Nelson Hond, Ross Nissan and Win Hyundai and iBuyPower, and independent personal computer company. |
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| DOWNTOWN EL MONTE |
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| The Downtown El Monte Project Area was implemented in 1987 and as amended encompasses 444 acres. Redevelopment efforts have resulted in the development of the Santa Fe Plaza, a neighborhood commercial center that includes El Pollo Loco, H & R Block, Rite Aid, Beneficial Household Bank, and El Sombrero Restaurant. The TELACU Amador Manor, and the Pacific Towers affordable senior citizen rental housing developments were each assisted by the Agency and private affordable housing opportunities to over 170 households. Current projects include the Gateway transit oriented development project and on-going cooperation and assistance with Metro for the development of a new facility for the El Monte Transit Station and the activation of the new Ramona-Badillo rapid bus transit corridor. |
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| SANTA ANITA / TYLER |
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| The Santa Anita/Tyler Project Area was adopted in 1984 and resulted in the development of two 2-story 64,400 square foot office buildings adjacent to the El Monte Airport. |
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| PLAZA EL MONTE |
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| The Plaza El Monte Project Area was adopted in 1981 and contains a neighborhood shopping center that is anchored by Payless Shoe Source and King Taco Restaurant. |
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| EL MONTE PLAZA |
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| The El Monte Plaza Project Area was adopted in 1978 and consists of a neighborhood shopping center that is anchored by Northgate Market, and is surrounded by a number of retail shops, including Baskin Robbins and other food operations. |
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| EAST VALLEY MALL |
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| The East Valley Mall Project Area was the first project area in El Monte. The redevelopment agency issued a bond to assist in the development of El Monte Executive Plaza, a 3 story professional office building. This project area is also currently the site of Citibank branch. |