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I H W(4 CON 11 NUMO Of �� ci " ;O)
<br />APPENDIX:
<br />Aopendix 1 : Property Taxes
<br />Assess Value Forecast
<br />Phasing Condo Apartment Retail Total
<br />Year Year Value Value Value Value
<br />Proforma 2022
<br />CY1
<br />2023
<br />$0
<br />$0
<br />$0
<br />$0
<br />CY2
<br />2024
<br />$0
<br />$0
<br />$0
<br />$0
<br />CY3
<br />2025
<br />$0
<br />$0
<br />$0
<br />$0
<br />1
<br />2026
<br />$24,129,096
<br />$64,286,511
<br />$3,009,600
<br />$91,425,207
<br />2
<br />2027
<br />$48,740,774
<br />$234,383,999
<br />$3,069,792
<br />$286,194,565
<br />3
<br />2028
<br />$49,715,589
<br />$239,071,679
<br />$3,131,188
<br />$291,918,456
<br />4
<br />2029
<br />$50,709,901
<br />$243,853,113
<br />$3,193,812
<br />$297,756,825
<br />5
<br />2030
<br />$51,724,099
<br />$248,730,175
<br />$3,257,688
<br />$303,711,962
<br />6
<br />2031
<br />$52,758,581
<br />$253,704,778
<br />$3,322,842
<br />$309,786,201
<br />7
<br />2032
<br />$53,813,753
<br />$258,778,874
<br />$3,389,298
<br />$315,981,925
<br />8
<br />2033
<br />$54,890,028
<br />$263,954,451
<br />$3,457,084
<br />$322,301,564
<br />9
<br />2034
<br />$55,987,828
<br />$269,233,540
<br />$3,526,226
<br />$328,747,595
<br />10
<br />2035
<br />$57,107,585
<br />$274,618,211
<br />$3,596,751
<br />$335,322,547
<br />11
<br />2036
<br />$58,249,737
<br />$280,110,575
<br />$3,668,686
<br />$342,028,998
<br />12
<br />2037
<br />$59,414,731
<br />$285,712,787
<br />$3,742,059
<br />$348,869,578
<br />13
<br />2038
<br />$60,603,026
<br />$291,427,043
<br />$3,816,901
<br />$355,846,969
<br />14
<br />2039
<br />$61,815,087
<br />$297,255,584
<br />$3,893,239
<br />$362,963,909
<br />15
<br />2040
<br />$63,051,388
<br />$303,200,695
<br />$3,971,103
<br />$370,223,187
<br />16
<br />2041
<br />$64,312,416
<br />$309,264,709
<br />$4,050,525
<br />$377,627,651
<br />17
<br />2042
<br />$65,598,664
<br />$315,450,003
<br />$4,131,536
<br />$385,180,204
<br />18
<br />2043
<br />$66,910,638
<br />$321,759,003
<br />$4,214,167
<br />$392,883,808
<br />19
<br />2044
<br />$68,248,850
<br />$328,194,183
<br />$4,298,450
<br />$400,741,484
<br />20
<br />2045
<br />$69,613,827
<br />$334,758,067
<br />$4,384,419
<br />$408,756,314
<br />21
<br />2046
<br />$71,006,104
<br />$341,453,228
<br />$4,472,107
<br />$416,931,440
<br />22
<br />2047
<br />$72,426,226
<br />$348,282,293
<br />$4,561,549
<br />$425,270,069
<br />23
<br />2048
<br />$73,874,751
<br />$355,247,939
<br />$4,652,780
<br />$433,775,470
<br />24
<br />2049
<br />$75,352,246
<br />$362,352,898
<br />$4,745,836
<br />$442,450,979
<br />25
<br />2050
<br />$76,859,291
<br />$369,599,956
<br />$4,840,753
<br />$451,299,999
<br />3rand Total:
<br />N PV:
<br />4%
<br />Escalation
<br />2%
<br />2%
<br />2%
<br />Source: Assessed value from FRH, assumes 5% cap rate; Property Tax rates from City of Santa Ana
<br />Cap of 4%
<br />FRH Realty LLC
<br />22179.01 Santa Ana, CA
<br />Property Tax Forecast
<br />Total Prop. Tax City Share
<br />1 .08% 1 1.00%
<br />$0
<br />$0
<br />$0
<br />$987,392
<br />$3,090,901
<br />$3,152,719
<br />$3,215,774
<br />$3,280,089
<br />$3,345,691
<br />$3,412,605
<br />$3,480,857
<br />$3,550,474
<br />$3,621,484
<br />$3,693,913
<br />$3,767,791
<br />$3,843,147
<br />$3,920,010
<br />$3,998,410
<br />$4,078,379
<br />$4,159,946
<br />$4,243,145
<br />$4,328,008
<br />$4,414,568
<br />$4,502,860
<br />$4,592,917
<br />$4,684,775
<br />$4,778,471
<br />$4,874,040
<br />$95,018,367
<br />$50,055,345
<br />$0
<br />$0
<br />$0
<br />$108,613
<br />$339,999
<br />$346,799
<br />$353,735
<br />$360,810
<br />$368,026
<br />$375,387
<br />$382,894
<br />$390,552
<br />$398,363
<br />$406,330
<br />$414,457
<br />$422,746
<br />$431,201
<br />$439,825
<br />$448,622
<br />$457,594
<br />$466,746
<br />$476,081
<br />$485,603
<br />$495,315
<br />$505,221
<br />$515,325
<br />$525,632
<br />$536,144
<br />$10,452,020
<br />$5,506,139
<br />April 2023
<br />City Council 18 — 392 10/3/2023
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