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Pending Assessment Appeals as of August 31, 2018
<br />TABLE 5
<br />Owner's
<br />Potential Loss
<br />(Est.) Reduction
<br />MERGED PROJECT AREA
<br />Assessed Value
<br />Opinion of
<br />of Assessed Historical
<br />ASSESSMENT APPEALS
<br />Appealed Appeals Filed
<br />of Property
<br />Value
<br />January 1, 2013 Through August 31, 2018
<br />Historical Success
<br />2013 6
<br />Number of
<br />Owner's Total Requested
<br />Reduction
<br />Allowed
<br />Number of Successful
<br />Assessed Value Opinion of Assessed Valuation
<br />Allowed by
<br />Reductions as
<br />Appeals Filed Appeals
<br />of Propertv Value Reduction
<br />Board
<br />% of Reauested
<br />1049 168
<br />$5,567,337,845 $4,135,185,877 $1,432,151,968
<br />$203,210,462
<br />14.19%
<br />Pending Assessment Appeals as of August 31, 2018
<br />Component Areas
<br />Specific information about each Component Area and its redevelopment plan (collectively, the
<br />"Redevelopment Plan") is set forth below.
<br />Central City. The redevelopment plan for the Central City Redevelopment Project ("Central City
<br />Redevelopment Plan") was adopted by the City Council on July 2, 1973 by Ordinance No. NS -1173. The
<br />Central City Redevelopment Plan was amended by Ordinance No. NS -1258 adopted on June 2, 1975, to add
<br />approximately 190 acres to the Central City Redevelopment Project. The Central City Redevelopment Project
<br />consists of approximately 694 acres and is located principally in the central and northern parts of the City,
<br />generally along Broadway, Main Street, and Bush Street from the 22 Freeway to 1st Street and between 1st
<br />Street and 10th Street, east of Balser Street and west of Main Street. The Central City Redevelopment Project
<br />encompasses the historic downtown area and includes retail, office and government uses.
<br />The Central City Redevelopment Project has four major sub -areas: 1) MainPlace, which consists of a
<br />one million square foot regional shopping center owned and managed by Centinnial Real Estate as well as a
<br />mixed-use retail, residential and live/work development just east of MainPlace; 2) the Museum District, home to
<br />the Bowers Museum, an internationally recognized cultural art museum; the Discovery Science Center;
<br />Kidseurn; and the Wooden Floor (a ballet company for under -privileged Santa Ana youth); 3) the Midtown
<br />District, which is a 40 block section between Broadway to Bush Street that links the downtown retail core and
<br />MainPlace and where a 37 -story office tower is planned (One Broadway Plaza) and 4) the downtown business
<br />district and civic center.
<br />The downtown is a certified historic district, and is the hub for governmental services for city, county,
<br />state and federal offices. Downtown is also a cultural center with its Artists Village—a mix of live/work
<br />residential units, retail and restaurants, all anchored by the California State Fullerton Grand Central Art Center
<br />(graduate arts school, artists in residence program, gallery and living units for students).
<br />30
<br />SA -3-44
<br />Owner's
<br />Potential Loss
<br />(Est.) Reduction
<br />Roll Year Number of
<br />Assessed Value
<br />Opinion of
<br />of Assessed Historical
<br />Based on
<br />Appealed Appeals Filed
<br />of Property
<br />Value
<br />Value Success Rate
<br />Historical Success
<br />2013 6
<br />$3,703,509
<br />$1,640,290
<br />$2,063,219 14.19%
<br />$292,754
<br />2014 6
<br />4,321,727
<br />2,397,140
<br />1,924,587 14.19%
<br />273,083
<br />2015 15
<br />203,980,209
<br />135,894,239
<br />68,085,970 14.19%
<br />9,660,833
<br />2016 30
<br />176,442,025
<br />123,004,674
<br />53,437,351 14.19%
<br />7,582,316
<br />2017 144
<br />441,966,138
<br />257,61.1,151
<br />184,354,987 14.19%
<br />26,158,441
<br />2018 5
<br />4,366,454
<br />2.783,517
<br />1.582 937 14.19%
<br />224M6
<br />Totals 206
<br />$834,780,062
<br />$523,331,011
<br />$311,449,051
<br />$44,192,032
<br />Source: Fiscal Consultant's Report.
<br />There are appeals pending for two (2) of the largest
<br />property owners included in
<br />TABLE 4 – "TEN
<br />LARGEST TAXPAYERS."
<br />The Successor
<br />Agency cannot
<br />predict the outcome of any pending
<br />appeals. For
<br />January 1, 2013 to August 31,
<br />2018, 14.19% of all appeal filings
<br />were reduced or stipulated.
<br />Component Areas
<br />Specific information about each Component Area and its redevelopment plan (collectively, the
<br />"Redevelopment Plan") is set forth below.
<br />Central City. The redevelopment plan for the Central City Redevelopment Project ("Central City
<br />Redevelopment Plan") was adopted by the City Council on July 2, 1973 by Ordinance No. NS -1173. The
<br />Central City Redevelopment Plan was amended by Ordinance No. NS -1258 adopted on June 2, 1975, to add
<br />approximately 190 acres to the Central City Redevelopment Project. The Central City Redevelopment Project
<br />consists of approximately 694 acres and is located principally in the central and northern parts of the City,
<br />generally along Broadway, Main Street, and Bush Street from the 22 Freeway to 1st Street and between 1st
<br />Street and 10th Street, east of Balser Street and west of Main Street. The Central City Redevelopment Project
<br />encompasses the historic downtown area and includes retail, office and government uses.
<br />The Central City Redevelopment Project has four major sub -areas: 1) MainPlace, which consists of a
<br />one million square foot regional shopping center owned and managed by Centinnial Real Estate as well as a
<br />mixed-use retail, residential and live/work development just east of MainPlace; 2) the Museum District, home to
<br />the Bowers Museum, an internationally recognized cultural art museum; the Discovery Science Center;
<br />Kidseurn; and the Wooden Floor (a ballet company for under -privileged Santa Ana youth); 3) the Midtown
<br />District, which is a 40 block section between Broadway to Bush Street that links the downtown retail core and
<br />MainPlace and where a 37 -story office tower is planned (One Broadway Plaza) and 4) the downtown business
<br />district and civic center.
<br />The downtown is a certified historic district, and is the hub for governmental services for city, county,
<br />state and federal offices. Downtown is also a cultural center with its Artists Village—a mix of live/work
<br />residential units, retail and restaurants, all anchored by the California State Fullerton Grand Central Art Center
<br />(graduate arts school, artists in residence program, gallery and living units for students).
<br />30
<br />SA -3-44
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