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SPECIAL MEETING JPA REPORT
City of Pleasanton
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2007
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110607
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SPECIAL MEETING JPA REPORT
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Last modified
12/10/2009 4:43:34 PM
Creation date
11/2/2007 12:07:29 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
11/6/2007
DESTRUCT DATE
15 Y
DOCUMENT NO
SPECIAL MEETING JPA REPORT
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Dublin/Pleasanton". The Pleasanton site includes a parking structure on the 7.4 acre parcel no. 941- <br />1201-71-4. <br />A 24,000 square foot office building has been completed on the 1.4-acre parcel no. 941-2759-491ocated <br />at Chabot Drive near Gibraltar Drive. Tenants currently include Compuware and P.D. Larson Company. <br />Roche Molecular is nearing completion of a 138,000 square foot R&D expansion at its Hacienda <br />Business Park campus on parcel no. 941-2761-3. <br />TEN LARGEST LANDOWNERS IN THE DISTRICT (assessment dollars) <br />Name Assessment % Percentage <br />Pleasant Property LLC 5,591,887 9.7 <br />NNN Britannia Business Center LLC 4,558,018 7.9 <br />Oracle (Peoplesoft Properties, Inc) (1) 3,390,641 5.9 <br />Excel Realty Trust Inc. 2,898,798 5.0 <br />Arch Stone Realty Trust 2,413,833 4.2 <br />Pleasanton Paper LP 1,964,814 3.4 <br />Hacienda Plaza Associates 1,437,595 2.5 <br />State Compensation Insurance Fund 1,421,437 2.4 <br />Wal-Mart Real Estate Business Trust 1,396,389 2.4 <br />CrossTown Ventures LLC 1,288,765 2.2 <br /> $26,362,177 45.6 <br />The assessments of the ten property owners listed above represent 45.6% of the $57,800,513 outstanding <br />assessments in the district. <br />VALUE TO LIEN RATIO UPDATE <br />The value to lien ratio for the entire district is currently 49:1, representing outstanding assessments of <br />$57,800,513 and assessed value totaling $2,858,364,847. There are approximately 14 acres of <br />undeveloped parcels remaining in the districts. <br />DELINQUENCIES <br />As of October 1, 2007 the County of Alameda reports delinquent special assessments of $4,002 of the <br />$13,286,374 due on the December 10, 2006 and April 10, 2007 tax levies, for a collection rate of <br />99.97%. <br />ANNUAL FINANCIAL STATEMENTS <br />Pursuant to Section 4 of the Continuing Disclosure Agreement, the City has covenanted to make annual <br />audited financial statements and annual statements submitted by the Trustee available not later than <br />
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