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SA-3 - RESO - REFUNDING BONDS
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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Major Taxpayers <br />The following table shows the largest taxpayers within all component areas of the Project Area. The ten <br />largest property taxpayers represent 17.01% of the fiscal year fiscal year 2018/19 secured assessed value of the <br />Project Area. <br />Property Owner <br />1. Mainplace Shoppingtown <br />2. RP/Essex Skyline <br />3. Bre/OC Griffin LLC <br />4. First American Title <br />5. Apg Ocic LLC <br />6. Bre/OC Mac Arthur LLC <br />7. Banc ofCANA <br />8. Bre-Furca LLC <br />9. The Marke at South Coast <br />10. Solaro Apartments SA LLC <br />Total <br />TABLE 4 <br />MERGED PROJECT AREA <br />TEN LARGEST TAXPAYERS <br />FISCAL YEAR 2018/19 <br />Taxable Secured <br />Assessed Valuation <br />$ 334,180,056 <br />141,563,922 <br />138,904,328 <br />133,548,850 <br />109,171,140 <br />89,167,218 <br />82,732,786 <br />79,798,287 <br />79,605,680 <br />62,834.958 <br />$1,251,507,225 <br />Primary Land Use <br />Commercial <br />Multi -Family Residential <br />Commercial <br />Commercial <br />Industrial <br />Commercial <br />Commercial <br />Multi -Family Residential <br />Multi -Family Residential <br />Multi -Family Residential <br />(') Based on fiscal year 2018/19 Secured assessed valuation of $7,356,533,026. <br />('-) Based on fiscal year 2018/191ncrernental valuation of$7,020,658,408. <br />Source; Fiscal Consultant's Report. <br />Assessment Appeals <br />Percent of <br />Secured <br />Assessed Valuation(n <br />4.54% <br />1.92 <br />1.89 <br />1.82 <br />1.48 <br />1.21 <br />1.12 <br />1.08 <br />1.08 <br />0_85 <br />17.01% <br />Percent of <br />Secured Incremental <br />Assessed Valuation(2) <br />4.76% <br />2.02 <br />1.98 <br />1.90 <br />1.55 <br />1.27 <br />1.18 <br />1.14 <br />1.13 <br />0_90 <br />17.83% <br />As of August 31, 2018, there were a total 206 pending appeals filed in the last 6 years by property <br />owners in the Project Area as shown below. The total value of property under appeal for all years is <br />$834,780,062. Some appeals have been filed for multiple years for the same property. A summary of all pending <br />appeals is shown below. <br />29 <br />SA -3-43 <br />
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