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Table 1
<br />Tax Increment Revenue Projections
<br />Lavery Site, Joint Redevelopment Project Area
<br />City of San Leandro
<br /> I ncrease in Assessed Value Tax Increment County Housing Pass-Through County Share of City Share of
<br /> Added by Added by Assessed Total Generated Administration Set-Aside Pa menu Tax Increment Tax Increment
<br /> Inflationary Land & Naw Value Increase Annual Annual Annual Annual Annual Annual
<br />Year Fiscal Adjustments Development At End Over Dollars in PV in Dollars in PV in Dollars in PV in Dollars in PV in Dollars in PV in Dollars in PV in
<br />N Year Durin Year Durin Year of Year Base Value Year N 01/02$ Year N 01/02$ Year N 01/02$ Year N 01/02$ Year N 01/02$ Year N 01/02$
<br />0 1992/ 93 702,487
<br />9 2001/ 02 14,050 8,381,830 8,381,830 7,679,343
<br />10 2002/ 03 167,637 0 8,549,467 7,846,980 78,470 74,028 785 740 15,694 14,806 13,888 13,102 21,646 20,421 26,457 24,959
<br />11 2003/ 04 170,989 0 8,720,456 8,017,969 80,180 71,360 802 714 16,036 14,272 14,191 12,630 22,118 19,685 27,033 24,060
<br />12 2004/ 05 174,409 0 8,894,865 8,192,378 81,924 68,785 819 688 16,385 13,757 14,499 12,174 30,132 25,300 20,088 16,867
<br />13 2005/ O6 177,897 0 9,072,762 8,370,275 83,703 66,300 837 663 16,741 13,260 14,814 11,734 30,787 24,386 20,525 16,257
<br />14 2006/ 07 181,455 0 9,254,218 8,551,731 85,517 63,904 855 639 17,103 12,781 15,134 11,309 31,455 23,505 . 20,970 15,670
<br />15 2007/ 08 185,084 0 9,439,302 8,736,815 87,368 61,591 874 616 17,474 12,318 15,462 10,900 32,135 22,654 21,424 15,103
<br />16 2008/ 09 188,786 0 9,628,088 8,925,601 89,256 59,360 893 594 17,851 11,872 15,796 10,505 32,830 21,834 21,887 14,556
<br />17 2009/ 10 192,562 0 9,820,650 9,118,163 91,182 57,208 912 572 18,236 11,442 16,136 10,124 27,949 17,535 27,949 17,535
<br />18 2010/ 11 196,413 0 10,017,063 9,314,576 93,146 55,133 931 551 18,629 11,027 16,483 9,757 28,551 16,899 28,551 16,899
<br />19 2011/ 12 200,341 0 10,217,404 9,514,917 95,149 53,131 951 531 19,030 10;626 16,838 9,402 29,165 16,286 29,165 16,286
<br />20 2012/ 13 204,348 0 10,421,752 9,719,265 97,193 51,200 972 512 19,439 10,240 17,199 9,060 29,792 15,694 29,792 15,694
<br />21 2013/ 14 208,435 0 10,630,187 9,927,700 99,277 49,338 993 493 19,855 9,868 17,568 8,731 30,431 15,123 30,431 15,123
<br />22 2014/ 15 212,604 0 10,842,791 10,140,304 101,403 47,542 1,014 475 20,281 9,508 17,944 8,413 31,082 14,573 31,082 14,573
<br />23 2015/ 16 216,856 0 11,059,647 10,357,160 103,572 45,810 1,036 458 20,714 9,162 18,327 8,106 31,747 14,042 31,747 14,042
<br />24 2016/ 17 221,193 0 11,280,840 10,578,353 105,784 44,140 1,058 441 21,157 8,828 18,718 7,811 32,425 13,530 32,425 13,530
<br />25 2017/ 18 225,617 0 11,506,456 10,803,970 108,040 42,529 1,080 425 21,608 8,506 19,117 7,525 33,117 13,036 33,117 13,036
<br />26 2018/ 19 230,129 0 11,736,586 11,034,099 110,341 40,977 1,103 410 22,068 8,195 19,524 7,251 33,823 12,560 33,823 12,560
<br />27 2019/ 20 234,732 0 11,971,317 11,268,830 112,688 39,480 1,127 395 22,536 7,896 19,939 6,986 34,542 12,102 34,542 12,102
<br />28 2020121 239,426 0 12,210,744 11,508,257 115,083 38,036 1,151 380 23,017 7,607 20,363 6,730 35,276 11,659 35,276 11,659
<br />29 2021/ 22 244,215 0 12,454,958 11,752,472 117,525 36,645 1,175 366 23,505 7,329 20,795 6,484 36,025 11,233 36,025 11,233
<br />30 2022/ 23 249,099 0 12,704,058 12,001,571 120,016 35,303 1,200 353 24,003 7,061 21,235 6,246 36,789 10,822 36,789 10,822
<br />31 2023124 254,081 0 12,958,139 12,255,652 122,557 34,010 1,226 340 24,511 6,802 21,685 6,018 37,566 10,425 37,568 10,425
<br />32 2024/ 25 259,163 0 13,217,302 12,514,815 125,148 32,763 1,251 328 25,030 6,553 22,143 5,797 38,362 10,043 38,362 10,043
<br />33 2025/ 26 264,346 0 13,481,648 12,779,161 127,792 31,562 1,278 316 25,558 6,312 22,610 5,584 39,173 9,675 39,173 9,675
<br />34 2026/ 27 269,633 0 13,751,281 13,048,794 130,488 30,404 1,305 304 26,098 6,081 23,087 5,379 39,999 9,320 39,999 9,320
<br />35 2027! 28 275,026 0 14,026,306 13,323,819 133,238 29,287 1,332 293 26,648 5,857 23,574 5,182 40,842 8,978 40,842 8,978
<br />36 2028/ 29 280,526 0 14,306,832 13,604,345 136,043 28,211 1,360 282 27,209 5,642 24,070 4,991 41,702 8,648 41,702 8,648
<br />37 2029/ 30 286,137 0 14,592,969 13,890,482 138,905 27,174 1,389 272 27,781 5,435 24,576 4,808 42,580 8,330 42,580 8,330
<br />38 2030! 31 291,859 0 14,884,828 14,182,341 141,823 26,174 1,418 262 28,365 5,235 25,092 4,631 43,474 8,023 43,474 8,023
<br />39 2031/ 32 297,697 0 15,182,525 14,480,036 144,800 25,211 1,448 252 28,960 5,042 25,618 4,460 44,387 7,728 44,387 7,728
<br />40 2032/ 33 303,650 0 15,486,175 14,783,689 147,837 24,283 1,478 243 29,567 4,657 26,155 4,296 45,318 7,444 45,318 7,444
<br />41 2033/ 34 309,724 0 15,795,899 15,093,412 150,934 23,388 1,509 234 30,187 4,678 26,703 4,138 46,268 7,169 46,268 7,169
<br />42 2034/ 35 315,918 0 16,111,817 15,409,330 154,093 22,526 1,541 225 30,819 4,505 27,262 3,985 47,236 6,905 47,236 6,905
<br />43 2035/ 36 322,236 0 16,434,053 15,731,566 157,316 21,696 1,573 217 31,463 4,339 27,831 3,838 48,224 6,651 48,224 6,651
<br />44 2036/ 37 328,681 0 16,762,734 16,060,247 160,602 20,895 1,606 209 32,120 4,179 28,413 3,697 49,232 6,405 49,232 6,405
<br />45 2037/ 38 335,255 0 17.097.989 16.395.502 163,955 20,124 1,640 201 32,791 4,025 29006 3,560 50,259 6,169 50259 6.169
<br />TOTAL 8 730 209 8 381 830 4 192 346 1 499 508 41 923 14 995 838 469 299 902 741 793 265 343 1 306 441 474 791 1 263 720 444 477
<br />Assumptions:
<br />Annual AV Inflation Adjustment: 2.0%
<br />Present Value Discount Rate: 6.0%
<br />Construction Cost Escalation Rate: 2.0 %
<br />Property Tax Rate: 1.0
<br />Based assessed value equals proportionate share by square footage of original base AV of three Yokota parcels.
<br />Original Base AV: $ 1,824,993
<br />Square Footage of Batarse Site: 149,934
<br />Square Footage of Yokota Parcr 389,514
<br />The cost of the improvements are assumed to include land cost of $3,793,330, a 25,000 SF building valued at
<br />$130 per SF, 125,000 SF of pavement and lighting at $3.50 per SF, $76,000 for landscaping, $100,000 for PG&E
<br />connections, $725,000 in soft costs.
<br />Conley Consulting Group
<br />33433 Report for Lavery Site Page 10 August 2001
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