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<br />
<br />Proot of Fobrua" 16, 1978
<br />
<br />SANTA ANA-7923
<br />
<br />Bowne of San Francisco, Inc., 981-7882
<br />
<br />GALLEY 29--
<br />
<br />In addition, there have occurred a number of
<br />smaller developments, including new office buildings
<br />and retail stores and rehabilitation of existing struc-
<br />tures. Major rehabilitation of an entire city block in
<br />the central business district was completed in 1977
<br />by First American Title Company. Remodeling costs
<br />exceeded $2,000,000,
<br />
<br />These developments provide the principal portion
<br />of the 1977/78 incremental assessed valuation of
<br />$13,239,616 in the Project.
<br />
<br />Table I below presents a history of Project as-
<br />sessed valuation since adoption of the Plan and a
<br />summary of the 1977/78 incremental assessed valu-
<br />ation by assessment roll and class of property.
<br />
<br />Table 1
<br />
<br />CITY OF SANTA ANA
<br />REDEVELOPMENT PROJECT AREA
<br />
<br />History of Project Assessed Valuations-
<br />1972/73 to 1977/78
<br />
<br />Fiscal
<br />Year
<br />
<br />Assessed Valuation<D
<br />BaseYear@ CurrenlYear
<br />
<br />Increase
<br />
<br />1974/75 .. $21,498,890 $28,605,115 $ 7,106,225
<br />1975/76 . , 21.342,823 26,434,465 5,091,642
<br />1976/77 , , 40,988,134 48.000,580 7,012,446
<br />1977/78 ,. 40,930,684 54,170,300 13,239,616
<br />
<br />1972/73-1977/78 Assessed Valuation
<br />by Assessment Roll
<br />
<br />Roll
<br />
<br />1972/73
<br />(BaseYear)@
<br />
<br />Increase
<br />
<br />1977/78
<br />
<br />Secured .. $28,661,828 $32,384,730 $ 3,722,902
<br />Utility .. .. 5,968,780 8,755,370 2,786,590
<br />Unsecured, 6,300,076 13,030,200 6,730,124
<br />Total $40,930,684 $54,170,300 $13,239,616
<br />
<br />1972/73-1977/78 AssBssed Valuation
<br />by Class of Property
<br />
<br />Property 1972/73
<br />Class (BaseYear)@ 1977/78 Increase
<br />Land.. .., $11,762,510 $13,382,060 $ 1,619,550
<br />Improve-
<br />ments "" 21,632,100 32,303,010 10,670,910
<br />Personal
<br />Property , 5,505,331 6,880,610 1,375,279
<br />Business In-
<br />venlory " 2,774,120 3,625,960 851,840
<br />Less: ex-
<br />emptions , (743,377) (2,021,340) (1,277,963)
<br />Total .. $40,930,684 $54,170,300 $13,239,616
<br /><D All rolls"
<br />@ 1972/73 Base year for original area: 1975/76 Base
<br />year for amondod area" Values first combi"ed to include
<br />entire Project aroa in 1976/77"
<br />Source: Ora"ge County Auditor-Controller"
<br />
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