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Appeal filings by large owners in the Project Areas are shown below. The AMB property
<br />is a warehouse located on Alvarado Street in the West San Leandro Project Area. The
<br />properties owned by Anthony Batarse are auto dealerships located on Marina Boulevard, as
<br />well as other auto-related properties also located in the West San Leandro Project Area.
<br />TABLE 12
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />Joint Project Area and West San Leandro Project Area
<br />Appeals Filed by Large Owners
<br /> Applicant Valuation
<br /> Number of County Opinion of Change
<br />_ Roll Year Resolved/ Pending Appeals Valuation Value After Appeal
<br /> $57,477,86
<br />2008-09 General Foods Corp. 2 Pending 5 $17,238,000 -
<br />2008-09 PK I Fashion Faire Place LP 1 Pending 25,635,354 21,000,000 -
<br />2008-09 Safeway Stores Inc. 1 Resolved 18,614,500 9,800,000 0
<br />2006-07 AMB Property LP 1 Resolved 19,741,153 18,600,000 0
<br />2006-07 AMB-SGP CIF-I LLC 1 Resolved 49,547,396 47,100,000 0
<br />2006-07 Batarse Anthony A Jr TR 5 Resolved 15,184,827 9,113,000 0
<br />2005-06 AMB Partners II LP 1 Resolved 3,665,733 2,770,000 0
<br />2005-06 AMB Property LP 1 Resolved 19,354,184 16,750,000 -854,184
<br />2005-06 AMB-SGP CIF-I LLC 1 Resolved 48,575,893 45,200,000 -3,375,893
<br />2005-06 Batarse Anthony A Jr TR 7 Resolved 21,765,897 13,060,000 0
<br />2005-06 Georgia Pacific Corrugated 1 Resolved 12,468,480 5,500,000 0
<br />2005-06 PK I Fashion Faire Place LP 1 Resolved 38,083 48,777 0
<br />2008-09 General Foods Corp. 2 Pending 57,477,865 17,238,000 -
<br />2008-09 PK I Fashion Faire Place LP 1 Pending 25,635,354 21,000,000 -
<br />Source: Alameda County Board of Assessment Appeals. Data current as of September 08, 2009.
<br />Projected Tax Revenues
<br />The tax increment revenue estimate for 2009-10, as prepared by Urban Analytics, LLC,
<br />as Fiscal Consultant, is set forth in the Fiscal Consultant's Report and reproduced in the table
<br />below. The Project Areas have a combined total assessed valuation of $3.310 billion, including
<br />$3.0 billion in secured roll value and $293 million in unsecured roll value; utility roll valuation is
<br />$1.4 million. Subtracting the Project Areas' combined base year assessed valuation of $1.541
<br />billion, the combined incremental assessed valuation for the Project Areas in 2009-10 is $1.768
<br />billion.
<br />Gross tax increment, after deduction of the 2% inflationary factor which may be applied
<br />annually to the land and improvement valuation component of the base year valuation and
<br />inclusion of unitary revenue (which is utility revenue taxed on a countywide basis and distributed
<br />to taxing entities, including redevelopment agencies, based on a formula), is estimated to be
<br />$16.609 million for the Project Areas in 2009-10. The Housing Set-Aside Fund payment is
<br />expected to be $2.057 million, exclusive of the county's share of the Joint Project Area Housing
<br />Set-Aside Fund payment.
<br />-38-
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