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I8. LAST CIIRRENT EQQl�ILLIZED ASSE888D �ALIIATION OF REAL PROPERTY <br /> IN TH$ RBDEVEIAP1�t8NT PROJECT ARBA <br /> The last current equalized assessed valuation of real <br /> property in the Redevelopment Project Area for 1989 is estimated <br /> to be $150,000.06. <br /> B. ANTICIPAT$D EQIIALI88D l�88BBSED 9llLIIATIO�T <br /> It is estimated that all antici <br /> pated redevelopment will be <br /> completed and assessed within 20 years. The estimated future <br /> equalized assessed valuation of real property in the <br /> Redevelopment Project Area, after redevelopment is completed, is <br /> estimated to exceed $10,000, 000. <br /> %I. TBRMINATIODT OF THB RBDEVELOpMEI�iT PLA�T <br /> The estimated date for completion of the Redevelopment Plan <br /> is no later than November 1, 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 /> obliqation to anyone to issue municipal obligations or pay any <br /> public redevelopment project costs from the Tax Increment <br /> Allocation Fund or otherwise. <br /> BII. AMSNDME�iT OF TH8 R�D8V8LOPMEI�IT PLAN <br /> The Redevelopment Plan and project may be amended pursuant <br /> to the provisions of the Act, as amended. <br /> 8 <br />