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RES 87345
City of Pleasanton
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RES 87345
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6/25/2012 9:17:46 AM
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12/8/1999 10:51:15 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
8/4/1987
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Exhibit A <br /> ECONOMIC AND PLANNING SYSTEMS <br /> <br /> SCOPE OF SERVICES <br /> <br />Task 1: Provide Economic and Market Assessments Related to <br /> Blight Findinqs and Formulate Project Description <br /> <br />Blight findings for the community development area are likely <br />to be related to economic dislocation, deterioration and/or <br />disuse of properties due to a variety of planning and public <br />infrastructure needs. Drawing on the downtown market study <br />findings and additional economic and market assessments as <br />necessary, we will provide technical analysis related to the <br />impacts of the blighting conditions on economic activity in the <br />area. We also will work with the City staff and the other con- <br />sultants to formulate project alternatives that will address <br />blighted conditions. Working with the project attorneys, we <br />will assist with the integration of these analyses into the <br />required reports. <br /> <br />Task 2: Project Tax Increment Revenues <br /> <br />Tax increment revenues are generated by increases in assessed <br />value within the project area after the community development <br />plan has been adopted and the tax base "frozen". Under the <br />provisions of Proposition 13, assessed values increase when: 1) <br />vacant or underutilized land is developed or redeveloped to a <br />new or more intensive use; 2) properties change ownership, <br />triggering a reassessment; and 3) assessed value of developed <br />properties that have not been sold are increased by a maximum <br />of two percent annually. <br /> <br />To forecast tax increment revenues, it is necessary to forecast <br />the rate, type and value of new development; the rate of turn- <br />over through resale of various types of properties and the <br />market values that will determine their assessed value upon <br />reassessment; and the value of the tax base that is not reas- <br />sessed. We will analyze the underlying market and economic <br />forces and construct a model capable of simulating the changes <br />in these elements of the tax base on a year by year basis. Tax <br />increments will be projected for various subareas so that they <br />can be combined in alternative plan area configurations. <br /> <br /> 1 <br /> <br /> PO. BOX 10065 · BERKELE~t~ CALIFORNIA 94709. PHONE (415)841-9190 <br /> <br /> <br />
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