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Projected Tax Revenues
<br />The projections of Tax Revenues for the Project Area, as prepared by the Urban
<br />Analytics, LLC, as Fiscal Consultant, are set forth in Table 8 of the Fiscal Consultant's Report
<br />and reproduced below. The projections commence with the reported values for Fiscal Year
<br />2003-04, as shown in the table below. For purposes of the projections shown on the table
<br />below, the Project Area Tax Revenues have been projected based upon an assumed growth in
<br />assessed valuation in the Project Area of 2% per annum, compounded annually and assume no
<br />additional construction in the Project Area. No assurance can be given that these projections
<br />will be met. See "RISK FACTORS -Reduction in Taxable Value."
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />West San Leandro/MacArthur Boulevard Redevelopment Project
<br />Projected Tax Revenues and Debt Service Coverage
<br /> Available
<br />F.Y. Gross Tax Housing County Pass- Thru Tax BondsDebt
<br />E i Increment Set-Aside Admin, Fee Payments Increment rvi Coveraee*
<br />2004 $1,478,582 $(295,716) $(19,222) $(293,759) $ 869,885
<br />2005 1,602,366 (320,473) (20,831) (318,554) 942,509 $375,663.33 1.51
<br />2006 1,728,489 (345,698) (22,470) (343,671) 1,016,650 301,200.00 2.38
<br />2007 1,857,007 (371,401) (24,141) (369,641) 1,091,824 301,200.00 2.62
<br />2008 1,987,967 (397,593) (25,844) (395,954) 1,168,576 401,200.00 1.91
<br />2009 2,121,415 (424,283) (27,578) (422,793) 1,246,761 403,000.00 2.09
<br />2010 2,257,400 (451,580) (29,346) (450,168) 1,326,406 404,430.00 2.28
<br />2011 2,395,972 (479,194) (31,148) (497,825) 1,387,804 405,250.E 2.42
<br />2012 2,537,180 (507,436) (32,983) (546,436) 1,450,325 405,535.00 2.58
<br />2013 2,681,075 (536,215) (34,854) (596,018) 1,513,988 405,195.00 2.74
<br />2014 2,827,710 (565,542) (36,760) (646,593) 1,578,815 404,445.00 2.90
<br />2015 2,978,861 (595,772) (38,725) (698,178) 1,646,185 403,270.00 3.08
<br />2016 3,133,008 (626,602) (40,729) (750,796) 1,714,881 401,655.00 3.27
<br />2017 3,290,238 (658,048) (42,773) (804,466) 1,784,951 404,655.00 3.41
<br />2018 3,450,612 (690,122) (44,858) (859,209) 1,856,423 402,005.00 3.62
<br />2D19 3,614,194 (722,839) (46,985) (915,047) 1,929,324 403,945.00 3.78
<br />2020 3,781,048 (756,210) (49,154) (972,002) 2,003,683 405,200.00 3.94
<br />2021 3,951,239 (790,248) (51,366) (1,030,096) 2,079,529 405,750.00 4.13
<br />2022 4,124,834 (824,967) (53,623) (1,089,351) 2,156,893 405,390.00 4.32
<br />2023 4,301,900 (860,380) (55,925) (1,149,792) 2,235,803 404,470.00 4.53
<br />2024 4,482,508 (896,502) (58,273) (1,211,442) 2,316,292 402,990.00 4.75
<br />2025 4,666,728 (933,346) (60,667) (1,274,325) 2,398,390 400,950.00 4.98
<br />2026 4,854,632 (970,926) (63,110) (1,338,465) 2,482,130 402,900.00 5.16
<br />2027 5,046,295 (1,009,259) (65,602) (1,403,888) 2,567,546 403,980.00 5.36
<br />2028 5,241,791 (1,048,358) (68,143) (1,470,620) 2,654,669 404,190.D0 5.57
<br />2029 5,441,196 (1,088,239) (70,736) (1,538,686) 2,743,535 403,530.D0 5.80
<br />2030 5,644,590 (1,128,918) (73,380) (1,608,114) 2,834,178 402,000.00 6.05
<br />2031 5,852,052 (1,170,41D) (76,077) (1,698,479) 2,907,085 404,000.00 6.20
<br />2032 6,063,662 (1,212,732) (78,828) (1,790,652) 2,981,450 404,800.00 6.37
<br />2033 6,279,506 (1,255,901) (81,634) (1,884,668) 3,057,303 404,400.00 6.56
<br />2034 6,499,665 (1,299,933) (84,496) (1,980,565) 3,134,672 402,800.00 6.78
<br />2035 6,724,229 (1,344,846) (87,415) (2,078,379) 3,213,589
<br />2036 6,953,283 (1,390,657) (90,393) (2,178,150) 3,294,084
<br />2037 7,186,919 (1,437,384) (93,430) (2,279,916) 3,376,189
<br />2038 7,425,227 (1,485,045) (96,528) (2,383,718) 3,459,936
<br />2039 7,668,301 (1,533,660) (99,688) (2,489,595) 3,545,358
<br />2040 7,916,237 (1,583,247) (102,911) (2,597,590) 3,632,488
<br />2041 8,169,132 (1,633,826) (106,199) (2,707,745) 3,721,362
<br />2042 8,427,084 (1,685,417) (109,552) (2,820,103) 3,812,012
<br />2043 8,690,196 (1,738,039) (112,973) (2,934,708) 3,904,476
<br />2044 8,958,569 (1,791,714) (116,461) (3,051,605) 3,998,789
<br />2045 9,232,310 (1,846,462) (120,020) (3,170,841) 4,094,988
<br />2046 9,511,527 (1.902.305) (123.650) (3,292.461) 4.193.111
<br />Total $213,036,733 ($42,607,347) ($2,769,478) ($62,335,064) $105,324,845 $11,879,998.33
<br />* Prelimi nary, subject to change.
<br />Source: Urban Analytics, as to projections.
<br />Project Area Bonded Indebtedness
<br />-24-
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