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The following table lists the ten largest payers of secured property taxes in the West
<br />San Leandro Project Area for fiscal year 2009-10. In the West San Leandro Project Area, the
<br />2009-10 top ten owners account for 24% of the West San Leandro Project Area's total valuation
<br />and 63% of its incremental valuation. The largest owner, AMB Property, has 9% of the West
<br />San Leandro Project Area's total valuation with ten warehouse properties. The second-largest
<br />property owner in the West San Leandro Project Area, Safeway, operates a milk plant, while
<br />BRCP San Leandro, the third-largest property owner, operates a light industrial facility. The
<br />remaining large property owners in the West San Leandro Project Area are a mix of warehouse
<br />and light industrial facilities.
<br />TABLE 8
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />West San Leandro Project Area
<br />Ten Largest Taxpayers by Assessed Valuation
<br />Fiscal Year 2009-10
<br /> Pct Of Area Pct Of Area
<br /> Secured And Unsecured Total Incremental Principal
<br />Property Owner Utility AV AV Total AV Valuation ~'~ Valuation (ZJ Land Use
<br />AMB Property Corp. $88,633,713 $0 $88,633,713 8.6% 22.6% Warehouse
<br />Safeway 27,063,653 0 27,063,653 2.6 6.9 Industrial
<br />BRCP San Leandro 22,368,598 0 22,368,598 2.2 5.7 Industrial
<br />Olson Properties LP 18,663,543 0 18,663,543 1.8 4.8 Industrial
<br />Patrician Assoc Inc 16,362,356 0 16,362,356 1.6 4.2 Warehouse
<br />FJM Merced Assoc. LP 15,206,382 0 15,206,382 1.5 3.9 Industrial
<br />Sears Roebuck And Co 15,151,714 0 15,151,714 1.5 3.9 Warehouse
<br />Doolittle Williams LLC 15,083,821 0 15,083,821 1.5 3.8 Industrial
<br />Georgia Pacific Gypsum 14,848,914 0 14,848,914 1.4 3.8 Industrial
<br />Extra Space San
<br />Leandro 14,530,920 0 14,530,920 1.4 3.7 Warehouse
<br />Total, Top Ten: $247,913,614 $0 $247,913,614 24.0% 63.1%
<br />(1) Area total valuation: $1,279,619,790.
<br />(2) Area incremental valuation: $641,324,510.
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