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The following table lists the ten largest payers of secured property taxes in the
<br />combined Joint Project Area and West San Leandro Project Area for fiscal year 2009-10.
<br />TABLE 9
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />Combined: Joint Project Area and West San Leandro Project Area
<br />Ten Largest Taxpayers by Assessed Valuation
<br />Fiscal Year 2009-10
<br /> Secured Pct Of Area Pct Of Area
<br /> And Utility Unsecured Total Incremental Principal
<br />Properly Owner AV AV Total AV Valuation ~'~ Valuation (21 Land Use
<br />AMB Property Corp. $141,213,369 $0 $141,213,369 4.3% ~ 8.0% Warehouse
<br />Ghirardelli
<br />Chocolate Co. 104,230,410 0 104,230,410 3.1 5.9 Industrial
<br />General Foods
<br />Corp. 74,145,105 0 74,145,105 2.2 4.2 Industrial
<br />Georgia Pacific 34,192,908 0 34,192,908 1.0 1.9 Industrial
<br />Peterson Tractor
<br />Co. 16,708,547 15,520,605 32,229,152 1.0 1.8 Industrial
<br />Batarse Anthony A 32,035,589 0 32,035,589 1.0 1.8 Commercial
<br />Safeway 27,063,653 0 27,063,653 0.8 1.5 Industrial
<br />PK 1 Fashion Faire
<br />Place LP 26,148,061 0 26,148,061 0.8 1.5 Retail
<br />BRCP San Leandro 22,368,598 0 22,368,598 0.7 1.3 Industrial
<br />Wells Fargo Tr.
<br />Freschi P 19,726,942 0 19,726,942 0.6 1 1 Commercial
<br />Total, Top Ten: $497,833,182 $15,520,605 $513,353,787 15.5% 29.0%
<br />(1) Project Areas total valuation is $3,558,989,354.
<br />(2) Project Areas incremental valuation is $2,017,096,707.
<br />Source: County of Alameda; Urban Analytics
<br />Tax Rates
<br />The tax rate applicable to redevelopment incremental assessed valuation includes the
<br />basic 1% levy. In addition, redevelopment agencies receive tax revenue from debt service
<br />override levies except those that were imposed to repay indebtedness approved by voters on or
<br />after January 1, 1989.
<br />The Agency receives revenue on a pre-1989 indebtedness issued by the East Bay
<br />Regional Parks District; however, the Agency pays this amount to the District under the terms
<br />of the fiscal agreement with the District and from non-housing tax increment revenue. While the
<br />Agency pays this amount to the District under the terms of the fiscal agreement with the District,
<br />the Agency's payment to the Low and Moderate Income Housing Fund is calculated on gross
<br />tax increment revenue, which includes revenue from this levy.
<br />The associated tax levy is % applied to valuations on the secured roll and
<br />0.0100°lo to valuations on the unsecured roll. These levies change annually; the levies for the
<br />past seven years are shown below.
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