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Table 1
<br />Tax Increment Revenue Projections
<br />Batarse Site, Joint Redevelopment Project Area
<br />City of San Leandro
<br /> I ncrease In Ass essed 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 nts Tax Increment Tax Increment
<br /> Inflationary Land 8 New Value Increase Annual Annual Annual Annual Annual Annual
<br />Year Fiscal Adjustment Developmen At End Over Dollars in PV in Dollars in PV in Dollars in PV in Dollars in PV in ODllars in PV in Dollars in PV in
<br />N Year Durin Year Durin Year of Year Base Valu 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/ 93 918,414
<br />9 2001/ 02 18,368 11,210,070 11,210,070 10,291,656
<br />10 2002/ 03 224,201 0 11,434,271 10,515,857 105,159 99,206 1,052 992 21,032 19,841 18,611 17,558 29,009 27,367 35,455 33,448
<br />11 2003/ 04 228,685 0 11,662,957 10,744,543 107,445 95.626 1,074 956 21,489 19,125 19,016 16,924 29,640 26,379 36,226 32,241
<br />12 2004/ 05 233,259 0 11,896,216 10,977,802 109,778 92,172 1,098 922 21,956 18,434 19,428 16,312 40,378 33,902 26,919 22,601
<br />13 2005/ 06 237,924 0 12,134,140 11,215,726 112,157 88.839 1,122 888 22,431 17,768 19,849 15,722 41,253 32,676 27,502 21,784
<br />14 2006/ 07 242,683 0 12,376,823 11,458,409 114,584 85,624 1,146 856 22,917 17,125 20.278 15,153 42,146 31,494 28,097 20,996
<br />15 2007/ OS 247,536 0 12,624,360 11,705,946 117,059 82,522 1,171 825 23,412 16,504 20,716 14,604 43,057 30,353 28,704 20,235
<br />16 2008/ 09 252,487 0 12,876,847 11,958,433 119,584 79,530 1,196 795 23,917 15,906 21,162 14,074 43,986 29,253 29,324 19,502
<br />17 2009/ 10 257,537 0 13,134,384 12,215,970 122,160 76,645 1,222 766 24,432 15,329 21,618 13,563 37,444 23,493 37,444 23,493
<br />18 2010/ 11 262,688 0 13,397,071 12,478,657 124,787 73,861 1,248 739 24,957 14,772 22,082 13,071 38,249 22,640 38,249 22,640
<br />19 2011/ 12 267,941 0 13,665,013 12,746,599 127,466 71,176 1,275 712 25,493 14,235 22,556 12.595 39.071 21,817 39,071 21,817
<br />20 2012/ 13 273,300 0 13,938,313 13,019,899 130,199 68,587 1,302 686 26,040 13,717 23,040 12.137 39,909 21,023 39,909 21,023
<br />21 2013/ 14 278,766 0 14,217,079 13,298,665 132,987 66,090 1,330 661 26,597 13,218 23,533 11,695 40.763 20,258 40,763 20,258
<br />22 2014/ 15 284,342 0 14,501,421 13,583,007 135,830 63,682 1,358 637 27,166 12,736 24,035 11,269 41,635 19,520 41,635 19,520
<br />23 2015! 16 290,028 0 14,791,449 13,873,035 138,730 61,361 1,387 614 27,746 12,272 24,548 10,858 42,524 18,809 42,524 18,809
<br />24 2016/ 17 295,829 0 15,087,278 14,168,864 141,689 59,122 1,417 591 28,338 11,824 25,071 10,461 43,431 18,122 43,431 18,122
<br />25 2017/ 18 301,746 0 15,389,024 14,470,610 144,706 56,963 1,447 570 28,941 11,393 25,605 10,079 44,356 17,461 44,356 17,461
<br />26 2018/ 19 307,780 0 15,696,804 14,778,390 147,784 54,882 1,478 549 29,557 10,976 26,149 9,711 45,300 16,823 45,300 16,823
<br />27 2019/ 20 313,936 0 16,010,740 15,092,326 150,923 52,875 1,509 529 30,185 10,575 26,704 9,356 46,262 16,208 46,262 16.208
<br />28 2020/ 21 320,215 0 16,330,955 15,412,541 154,125 50,940 1,541 509 30,825 10,188 27,271 9,013 47,244 15,615 47,244 15,615
<br />29 2021/ 22 326,619 0 16,657,574 15,739,160 157,392 49.075 1,574 491 31,478 9,815 27,848 8,683 48,246 15,043 48,246 15,043
<br />30 2022/ 23 333,151 0 16,990,726 16,072,312 160,723 47,278 1,607 473 32,145 9,456 28,437 8,365 49,267 14,492 49,267 14,492
<br />31 2023/ 24 339,815 0 17,330,540 16,412,126 164,121 45,544 1,641 455 32,824 9,109 29,038 8,058 50,309 13,961 50,309 13,961
<br />32 2024/ 25 346,611 0 17,677,151 16,758,737 167,587 43,874 1,676 439 33,517 8,775 29,651 7,763 51,371 13,449 51,371 13,449
<br />33 2025/ 26 353,543 0 18,030,694 17,112,280 171,123 42,264 1,711 423 34,225 8,453 30,277 7,478 52,455 12,955 52,455 12,955
<br />34 2026/ 27 360,614 0 18,391,308 17,472,894 174,729 40,712 1,747 407 34,946 8,142 30,914 7,203 53,561 12,480 53,561 12,480
<br />35 2027/ 28 367,826 0 18,759,134 17,840,720 178,407 39,216 1,784 392 35,681 7,843 31,565 6,938 54,688 12,021 54,688 12,021
<br />36 2028/ 29 375,183 0 19,134,317 18,215,903 182,159 37,774 1,822 378 36,432 7,555 32,228 6,683 55,839 11,579 55,839 11,579
<br />37 2029/ 30 382,686 0 19,517,003 18,598,589 185,986 36,384 1,860 364 37,197 7,277 32,905 6,437 57,012 11,153 57,012 11,153
<br />38 2030/ 31 390,340 0 19,907,343 18,988,929 189,889 35,045 1,899 350 37,978 7,009 33,595 6,200 58,209 10,743 58,209 10,743
<br />39 2031/ 32 398,147 0 20,305,490 19,387,076 193,871 33,755 1,939 338 38,774 6,751 34,299 5,972 59,429 10,347 59,429 10,347
<br />40 2032/ 33 406.110 0 20,711,600 19,793,186 197,932 32.511 1,979 325 39,586 6,502 35,018 5,752 60,674 9,966 60,674 9,966
<br />41 2033/ 34 414,232 0 21,125,832 20,207,418 202,074 31,313 2,021 313 40,415 6,263 35,750 5,540 61,944 9,599 61,944 9,599
<br />42 2034/ 35 422,517 0 21,548,349 20,629,935 206,299 30,158 2,063 302 41,260 6,032 36,497 5,335 63,240 9,245 63,240 9,245
<br />43 2035/ 36 430,967 0 21,979,316 21,060,902 210,609 29,045 2,106 290 42,122 5,809 37,259 5,139 64,561 8,904 64,561 8,904
<br />44 2036/ 37 439,586 D 22,418,902 21,500,488 215,005 27,973 2,150 280 43,001 5,595 38,037 4,949 65,909 8,575 65,909 8,575
<br />45 2037/ 38 448,378 0 22.867,280 21,948.866 219,489 26,940 2,195 269 43,898 5388 38,830 4,766 67,283 8,258 67,283 8,258
<br />TOTAL 11,675,578 11,210 070 5,614,548 2,008,566 56,145 20,086 1,122 910 401 713 993 424 355 417 1 749 654 635,983 1,692,414 595 367
<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 196,020
<br />Square Footage of Yokota Parc 389,514
<br />The cost of the improvements are assumed to include land cost of $3,049,000, a 50,000 SF building valued at
<br />$130 per SF, 146,020 SF of pavement and lighting at $3.50 per SF, $100,000 for landscaping, $100,000 for PG&E
<br />connections, $950.000 in soft costs.
<br />Source: Se'rfel Consulting, Inc, Conley Consulting Group
<br />September, 2001
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