|
<br />49
<br />Historical and Estimated Taxable Valuation and Available Net Tax Increment
<br />
<br />Plaza Project Area. A calculation of available net tax increment in the Plaza Project
<br />Area for each of the past four years plus an estimate of fiscal year 2014-15 available net tax
<br />increment is shown in the following table. Net available tax increment is the amount of tax
<br />increment available to be allocated from the Redevelopment Property Tax Trust Fund to the
<br />Successor Agency to pay debt service on the 2014 Bonds.
<br />
<br />TABLE 9a
<br />SUCCESSOR AGENCY TO THE
<br />REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO
<br />Plaza Project Area
<br />Historical and Estimated Tax Revenues
<br />
<br />2010-11 2011-12 2012-13 2013-14 2014-15
<br />Secured
<br /> - Land $72,925,072 $72,458,195 $73,247,737 $ 80,696,258 $85,938,597
<br /> - Improvements 218,192,376 234,248,143 235,651,119 237,275,047 246,588,293
<br /> - Personal Property 3,798,188 3,557,228 1,383,951 1,579,559 1,944,493
<br /> - Exemptions (11,711,561) (11,800,266) (9,537,848) (9,853,539) (2,771,314)
<br />Secured Total 283,204,075 298,463,300 300,744,959 309,697,325 331,700,069
<br />
<br />Unsecured
<br /> - Land 350,125 296,750 200,196 537,500 442,216
<br /> - Improvements 6,951,582 5,735,827 8,079,176 6,827,887 10,895,581
<br /> - Personal Property 24,988,619 23,127,973 21,362,877 19,681,552 20,649,536
<br /> - Exemptions (201,619) (228,079) (219,005) (217,187) (295,450)
<br />Unsecured Total 32,088,707 28,932,471 29,423,244 26,829,752 31,691,883
<br />
<br />Total Assessed Value 315,292,782 327,395,771 330,168,203 336,527,077 363,391,952
<br />Percent Change 0.73% 3.84% 0.85% 1.93% 7.98%
<br /> Plus: HOPTR 1,188,600 1,211,000 1,204,000 1,183,000 1,134,000
<br />Less: Base AV (24,402,894) (24,402,894) (24,402,894) (24,402,894) (24,402,894)
<br />Taxable Value Over Base 292,078,488 304,203,877 306,969,309 313,307,183 340,123,058
<br /> Gross Revenues 2,920,785 3,042,039 3,069,693 3,133,072 3,401,231
<br />Plus: Unitary Revenue 15,985 18,800 18,800 18,800 17,561
<br />Less: County Admin (25,015) (24,207) (24,425) (24,923) (34,040)
<br />Less: Pass-Through Payments (234,754) (245,679) (260,211) (313,354) (327,634)
<br />Net Tax Increment
<br />Available(2) 2,677,001 2,790,953 2,803,857 2,813,595 3,057,118
<br />
<br />(1) Represents the Homeowner’s Property Tax Relief Exemption which is reimbursed by the State.
<br />(2) Estimated based on estimated unitary revenue, County administrative expenses and pass-through payments as such amounts are not
<br />allocated among the Project Areas by the County Assessor.
<br />Source: County Assessor; State Board of Equalization; Urban Analytics, LLC
<br />
<br />West San Leandro/MacArthur Boulevard Project Area. A calculation of available net
<br />tax increment in the West San Leandro/MacArthur Boulevard Project Area for each of the past
<br />four years plus an estimate of fiscal year 2014-15 available net tax increment is shown in the
<br />following table. Net available tax increment is the amount of tax increment available to be
|