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The table below sets forth the net amounts from which the Tax Revenues are derived
<br />after making allowances for County collection fees, and deductions of Housing Set -Aside
<br />payments. This projection has been prepared by the Fiscal Consultant and Is based on 2%
<br />annual assessed valuation growth. The ultimate actual reductions to tax increnient and Project
<br />Area taxable values may be higher or lower than what has been :vcorporated in the following
<br />projections.
<br />(1) Columns may not add due m tvundh�¢.
<br />(2) From Table . Future value growth ased on 2% growth in real property values. The values for fiscal
<br />2004 -05 have been reduced for appeals impact
<br />(3) Fee is estimated based on percentage of total tax increment for future years.
<br />(4) Based on County's share of tax increment in the Original and First Amendment Alms only.
<br />(5) Reflects Area
<br />payments to be made to San Mateo County Mosquito Abatement District from the Original and First
<br />(6) Reflects total housing set aside less portion of debt service paid from the Housing Fund for the 1997 Bonds.
<br />Source: The Agency, Fraser & Associates
<br />-31-
<br />TABLE 9
<br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY
<br />Redevelopment Project Area No. 2
<br />Projected (Based on 2% Assessed Valuation Growth) Net Tax Revenues (1)
<br />(000's omitted)
<br />Gross Tax
<br />Ta`
<br />Tax
<br />Non -Sub. Tax
<br />�e
<br />pm�
<br />Fiscal
<br />Year
<br />Revenues s '
<br />Property Tax
<br />RR t
<br />Costs "
<br />Increment
<br />Waiver "'
<br />S haring
<br />Net Hot
<br />Set Asidef
<br />Tax
<br />Revenue
<br />2003 -04
<br />$ 8,757
<br />$135
<br />$90
<br />51,019
<br />$14
<br />$1,412
<br />$6,087
<br />2004 -05
<br />8,771
<br />135
<br />90
<br />974
<br />14
<br />1,416
<br />6,142
<br />2005 -06
<br />9,040
<br />0
<br />93
<br />1
<br />15
<br />1,473
<br />6,439
<br />2006 -07
<br />9,396
<br />0
<br />96
<br />1,039
<br />15
<br />1,568
<br />6,677
<br />2007 -08
<br />9,636
<br />0
<br />99
<br />1,058
<br />16
<br />1,616
<br />6,847
<br />2008 -09
<br />9
<br />0
<br />101
<br />1,077
<br />16
<br />1,665
<br />7,020
<br />2009 -10
<br />10,130
<br />0
<br />104
<br />1,097
<br />16
<br />1,715
<br />7,197
<br />2010 -11
<br />10,384
<br />0
<br />106
<br />1,117
<br />17
<br />1,765
<br />7,378
<br />2011 -12
<br />10,643
<br />0
<br />109
<br />1,138
<br />17
<br />2,126
<br />7,253
<br />2012 -13
<br />10,908
<br />0
<br />112
<br />1,159
<br />18
<br />2,179
<br />7,441
<br />2013 -14
<br />11,178
<br />0
<br />115
<br />1,183
<br />18
<br />2,233
<br />7,629
<br />2014 -15
<br />11,453
<br />0
<br />117
<br />1,205
<br />19
<br />2,288
<br />7,824
<br />2015 -16
<br />11,734
<br />0
<br />120
<br />1,228
<br />19
<br />2,345
<br />8,023
<br />2016 -17
<br />12.021
<br />0
<br />123
<br />1,250
<br />19
<br />2,402
<br />8,226
<br />2017 -18
<br />12,313
<br />0
<br />126
<br />1,273
<br />20
<br />2,460
<br />8,433
<br />2018 -19
<br />12,611
<br />0
<br />129
<br />1,297
<br />20
<br />2,520
<br />8,645
<br />2019 -20
<br />12.915
<br />0
<br />132
<br />1,321
<br />21
<br />2,581
<br />8,860
<br />2020 -21
<br />13,225
<br />0
<br />136
<br />1,346
<br />21
<br />2,643
<br />9,080
<br />2021 -22
<br />13.542
<br />0
<br />139
<br />1,371
<br />22
<br />2,706
<br />9,304
<br />2022 -23
<br />13,864
<br />0
<br />142
<br />1,396
<br />22
<br />2,771
<br />9,533
<br />2023 -24
<br />14,193
<br />0
<br />145
<br />1,423
<br />23
<br />2,836
<br />9.766
<br />2024 -25
<br />14,529
<br />0
<br />149
<br />1,449
<br />23
<br />2,904
<br />10,004
<br />2025 -26
<br />14,871
<br />0
<br />152
<br />1.476
<br />24
<br />2,972
<br />10,247
<br />2026 -27
<br />15,221
<br />0
<br />156
<br />1,504
<br />24
<br />3,042
<br />10,494
<br />2027 -28
<br />15,577
<br />0
<br />160
<br />1,532
<br />25
<br />3,113
<br />10,747
<br />2028 -29
<br />15,940
<br />0
<br />163
<br />1,561
<br />25
<br />3,186
<br />11,004
<br />2029 -30
<br />16.311
<br />0
<br />167
<br />1,590
<br />26
<br />3,260
<br />11,267
<br />2030 -31
<br />16,689
<br />0
<br />171
<br />1,620
<br />27
<br />3,336
<br />11,535
<br />2031 -32
<br />17,074
<br />0
<br />175
<br />1,651
<br />27
<br />3,413
<br />11,809
<br />(1) Columns may not add due m tvundh�¢.
<br />(2) From Table . Future value growth ased on 2% growth in real property values. The values for fiscal
<br />2004 -05 have been reduced for appeals impact
<br />(3) Fee is estimated based on percentage of total tax increment for future years.
<br />(4) Based on County's share of tax increment in the Original and First Amendment Alms only.
<br />(5) Reflects Area
<br />payments to be made to San Mateo County Mosquito Abatement District from the Original and First
<br />(6) Reflects total housing set aside less portion of debt service paid from the Housing Fund for the 1997 Bonds.
<br />Source: The Agency, Fraser & Associates
<br />-31-
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