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TABLE 1
<br />SAN LEANDRO CREEKSIDE PLAZA BUSINESS PARK
<br />PRESENT VALUE OF PROPERTY TAX INCREMENTS TO THE AGENCY
<br />CORPORATION YARD SITE
<br />SAN LEANDRO, CA
<br />Total $6,362,761
<br />Present Value Discounted @ 7% $2,263,570
<br />(Rounded) $2,260,000
<br />(1) Site is currently publicly owned.
<br />(2) Land value of $2,265,120 plus 50% of construction costs of $18.9 million.
<br />(3) Assume 100% complete.
<br />19
<br />Prepared by: 2yser ton Associates, Inc.
<br />Filename: 19096.001\CreeksideBusinessPlazaTaxlncremenLxls: Tax Incr: 2/6/2000: wcm
<br />Gross Property
<br />Tax Increment
<br />Assessed Value
<br />Existing
<br />Project
<br />1.0%
<br />20% Housing
<br />80% Tax
<br />of New Project
<br />Assessed
<br />Incremental
<br />Annual Tax
<br />Set -Aside
<br />Increment
<br />Year
<br />Fiscal Year
<br />(Estimated)
<br />Value (1)
<br />Value
<br />Increment
<br />Monies
<br />Remaining
<br />1
<br />1999/
<br />2000
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />2
<br />2000/
<br />2001
<br />11,707,620 (2)
<br />0
<br />11,707,620
<br />117,076
<br />23,415
<br />93,661
<br />3
<br />2001 /
<br />2002
<br />21,150,120 (3)
<br />0
<br />21,150,120
<br />211,501
<br />42,300
<br />169,201
<br />4
<br />2002/
<br />2003
<br />21,573,122
<br />0
<br />21,573,122
<br />215,731
<br />43,146
<br />172,585
<br />5
<br />2003/
<br />2004
<br />22,004,585
<br />0
<br />22,004,585
<br />220,046
<br />44,009
<br />176,037
<br />6
<br />2004/
<br />2005
<br />22,444,677
<br />0
<br />22,444,677
<br />224,447
<br />44,889
<br />179,557
<br />7
<br />2005/
<br />2006
<br />22,893,570
<br />0
<br />22,893,570
<br />228,936
<br />45,787
<br />183,149
<br />8
<br />2006/
<br />2007
<br />23,351,441
<br />0
<br />23,351,441
<br />233,514
<br />46,703
<br />186,812
<br />9
<br />2007/
<br />2008
<br />23,818,470
<br />0
<br />23,818,470
<br />238,185
<br />47,637
<br />190,548
<br />10
<br />2008/
<br />2009
<br />24,294,840
<br />0
<br />24,294,840
<br />242,948
<br />48,590
<br />194,359
<br />11
<br />2009 %
<br />2010
<br />24,780,737
<br />0
<br />24,780,737
<br />247,807
<br />49,561
<br />198,246
<br />12
<br />2010 /
<br />2011
<br />25,276,351
<br />0
<br />25,276,351
<br />252,764
<br />50,553
<br />202,211
<br />13
<br />2011 /
<br />2012
<br />25,781,878
<br />0
<br />25,781,878
<br />257,819
<br />51,564
<br />206,255
<br />14
<br />2012/
<br />2013
<br />26,297,516
<br />0
<br />26,297,516
<br />262,975
<br />52,595
<br />210,380
<br />15
<br />2013/
<br />2014
<br />26,823,466
<br />0
<br />26,823,466
<br />268,235
<br />53,647
<br />214,588
<br />16
<br />2014/
<br />2015
<br />27,359,935
<br />0
<br />27,359,935
<br />273,599
<br />54,720
<br />218,879
<br />17
<br />2015/
<br />2016
<br />27,907,134
<br />0
<br />27,907,134
<br />279,071
<br />55,814
<br />223,257
<br />18
<br />2016/
<br />2017
<br />28,465,277
<br />0
<br />28,465,277
<br />284,653
<br />56,931
<br />227,722
<br />19
<br />2017 /
<br />2018
<br />29,034,582
<br />0
<br />29,034,582
<br />290,346
<br />58,069
<br />232,277
<br />20
<br />2018/
<br />2019
<br />29,615,274
<br />0
<br />29,615,274
<br />296,153
<br />59,231
<br />236,922
<br />21
<br />2019/
<br />2020
<br />30,207,580
<br />0
<br />30,207,580
<br />302,076
<br />60,415
<br />241,661
<br />22
<br />2020 /
<br />2021
<br />30,811,731
<br />0
<br />30,811,731
<br />308,117
<br />61,623
<br />246,494
<br />23
<br />2021 /
<br />2022
<br />31,427,966
<br />0
<br />31,427,966
<br />314,280
<br />62,856
<br />251,424
<br />24
<br />2022/
<br />2023
<br />32,056,525
<br />0
<br />32,056,525
<br />320,565
<br />64,113
<br />256,452
<br />25
<br />2023 /
<br />2024
<br />32,697,656
<br />0
<br />32,697,656
<br />326,977
<br />65,395
<br />261,581
<br />26
<br />2024 /
<br />2025
<br />33,351,609
<br />0
<br />33,351,609
<br />333,516
<br />66,703
<br />266,813
<br />27
<br />2025 /
<br />2026
<br />34,018,641
<br />0
<br />34,018,641
<br />340,186
<br />68,037
<br />272,149
<br />28
<br />2026/
<br />2027
<br />34,699,014
<br />0
<br />34,699,014
<br />346,990
<br />69,398
<br />277,592
<br />29
<br />2027 /
<br />2028
<br />35,392,994
<br />0
<br />35,392,994
<br />353,930
<br />70,786
<br />283,144
<br />30
<br />2028 /
<br />2029
<br />36,100,854
<br />0
<br />36,100,854
<br />361,009
<br />72,202
<br />288,807
<br />Total $6,362,761
<br />Present Value Discounted @ 7% $2,263,570
<br />(Rounded) $2,260,000
<br />(1) Site is currently publicly owned.
<br />(2) Land value of $2,265,120 plus 50% of construction costs of $18.9 million.
<br />(3) Assume 100% complete.
<br />19
<br />Prepared by: 2yser ton Associates, Inc.
<br />Filename: 19096.001\CreeksideBusinessPlazaTaxlncremenLxls: Tax Incr: 2/6/2000: wcm
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