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5. 2413 West 17th Street - strip retail center 6. 2502 West 17th Street - ~tr~p ~r~tall center 7. 1720 West 17th Street- First Christian Church 8. 1010 West 17th Street- First Baptist Church 9. 910 West 17th Street - office park 10. 800 West 17th Street - Sizzler restaurant 11. North side 1st Street, Daisy to Townsend - strip center under construction 12. 2009 West 1st Street - Viva grocery store 13. 1734 West 1st Street - strip retail center 14. West 1st Street - Vietnamese community center It should be noted that these 14 properties are dispersed throughout the project area. They are not within one relatively homogeneous area, and were not included within the project area solely for the purpose of generating tax increment revenues, as is precluded by Section 33321 of the California Health and Safety Code. Rather, the inclusion of these properties brings some consistency and order to the project area~s boundaries. Pictures of these properties are attached. Five of the 14 properties are strip retail centers. Due to their relative newness, their condition and the development standards to which they were constructed are satisfactory. However, these kinds of uses have proven to age rapidly in our community and have a high potential for deterioration. Including them within the project area makes possible rehabilitation loans and other types of redevelopment agency assistance in the future. Even theme relatively new centers already show signs of frequent tenant turnover, a concentration of similar business types in a small geographic area, and poor or deferred maintenance. This does not bode well, as lack of adequate rental income results in poorer property maintenance and little or no reinvestment in the long term. The predictable deterioration of theme properties due to their inherent nature, which is exacerbated by the fact that they are bordered by currently blighted properties, makes their inclusion in the project area necessary in order to make available various redevelopment programs, such as financial incentives and rehabilitation loan programs. The Redevelopment Agency's ability to insure the long term viability of these properties will encourage reinvestment in adjoining properties. The two churches and the Vietnamese Community Center, being nonprofit uses, do not pay property taxes and were not included for purposes of generating tax increment. Their inclusion within the project area, as with the other six properties listed, is again a reflection of the desire to keep boundaries uniform, and also a reflection of the blighting conditions of other properties in the area. O 0 0 0 Attachment 1 Page 3 of 4