75C - PH - BRISTOL EIR FROM WARNER TO ST. ANDREW

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Library. and Other Facilities No libraries exist within the project limits. Furthermore, the proposed project will not result in an increase demand for library facilities in the City of Santa Ana. The remaining community facilities have been discussed in various sections of this document. The specific sections are as follows: Police, fire, and medical facilities are discussed in Section IV.V. Electricity, gas, telephone, Cable TV, and water and sewer services are discussed in Section IV.S. No other recreation facilities are found or planned in the project limits. Mitigation Measures Relocation assistance, in accordance with state and federal requirements will be made available to assist the displaced preschool /day care centers. R. EFFECT ON ASSESSED PROPERTY VALUES Based on preliminary estimates of the costs of acquiring the right -of -way needed to construct the preferred alternative, market values of affected taxable properties would be approximately $39.2 million. This estimate assumes that none of the acquired properties are sold or redeveloped prior to their acquisition for the street widening project. The total property tax revenues associated with the above values would be somewhat less than one percent of these values. This estimate is based on two considerations: 1. Many of the parcels in the project corridor have not changed ownership since prior to the adoption of Proposition 13, and therefore have not been reassessed at current market value. Annual property taxes from these properties, therefore are less than what would be collected if owners were paying ±1.3 percent of the current market value. 2. Nearly half of the right -of -way costs will be for acquisition of residential properties, approximately 30 percent of which currently benefit from the $7,500 Homeowners Exemption. Assuming an effective property tax rate of .0085 yields a loss of annual local property tax revenue of approximately $332,600. IV -57 75C -192