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• , � <br /> ,' , IX• LAST CURRENT EQUALIZED ASSESSED VALUATION OF REAL PROPERTY <br /> IN THE REDEVELOPMENT PROJECT AREA <br /> The last current equalized assessed valuation of real property in <br /> the Redevelopment Project Area for 1990 is estimated to be <br /> $414 , 425. <br /> X• ANTICIPATED EQUALIZED ASSESSED VALUATION <br /> � It is estimated that all anticipated redevelopment will be com- <br /> pleted and assessed within 15 years. The estimated future e ual- <br /> ized assessed valuation of real property in the Redevelopment <br /> Project Area, after redevelopment is completed, is estimated to <br /> exceed $5, 000, 000. <br /> XI• TERMINATION OF THE REDEVELOPMENT PLAN <br /> The estimated date for completion of the Redevelopment Plan is no <br /> later than December 31, 2006, and may be completed sooner, <br /> depending on commencement of redevelopment and the incremental <br /> tax yield. Pursuant to the Act, this Redevelopment Plan may be <br /> terminated at any time by the City, provided that no contractual <br /> obligations of the City are impaired by any such termination. <br /> This Plan, in and of itself, does not constitute any contractual <br /> obligation to anyone to issue municipal obligations or pay any <br /> public Redevelopment Project Costs from the Tax Increment Alloca- <br /> tion Fund or otherwise. <br /> XII• AMENDMENT OF THE REDEVELOPMENT PLAN <br /> The Redevelopment Plan and project may be amended pursuant to the <br /> provisions of the Act, as amended. <br /> -8- <br />