The Thousand Oaks Redevelopment Agency proposes to spend more than $20 million in economic and community development projects from 2010 to 2014.

The agency also directed city staff to report in nine to 12 months on ways to expand the agency’s boundaries in Thousand Oaks.

The city’s redevelopment agency is charged with improving physical, social and economic conditions within its designated redevelopment project areas, Thousand Oaks Boulevard and Newbury Road.

The agency plans to invest $400,000 into street pavement overlays to be completed in the fall of 2011 after delayed federal funds for the project come through.

Auto Mall improvements costing the agency $2 million will widen streets such as Auto Mall Drive, Auburn Court, and Marmon and Cord avenues, and add angled parking and landscaping by fall 2012.

Improvements to The Lakes shopping center and the surrounding commercial area, including pedestrian walkways, sign enhancements and angled parking, could cost the agency $5 million.

The Discovery Center is in line to receive $5 million for the design and development of a 70,000square-foot interactive science and technology museum to be built next to the Civic Arts Plaza.

There’s also a $5.5-million program to acquire property to develop more parking.

Thousand Oaks Boulevard drainage improvement is considered a high-priority project to be completed by fall 2010 with an agency investment of $350,000.

Thousand Oaks Boulevard streetscape improvements have been on hold pending the development of the Thousand Oaks Specific Plan. The streetscape is expected to be completed by fall 2013 at a cost to the agency of $3.5 million.

Newbury Road projects include improvements to the Kelley Road storm drain to prevent flooding and reuse of the Conejo Valley High School campus. The storm drain improvements are budgeted by the agency at $2.16 million. The reuse of the school site, the adjacent maintenance facility and the historical Timber School site is expected to cost $1 million. The completion time is unknown.

The agency also plans to continue funding the commercial revitalization program with $240,000 twice a year. This program helps businesses with facade and other improvements along T.O. Boulevard.

The Thousand Oaks Redevelopment Agency, established in 1971, is a legal entity separate from the city of Thousand Oaks that is governed by the City Council. Council members serve as the agency’s board of directors.

The agency has no taxing authority and receives its money from a portion of property taxes collected by the state within project areas.