RSG

Intelligent Community Development

Case Studies Economic Development

PLAN AMENDMENT - SAN JOSE

In 2009, RSG and KBB assisted the San Jose Redevelopment Agency with a major amendment to its Merged Project Area. The amendment included: (1) an increase to the tax increment revenue limit from $7.6 billion to $15.0 billion; (2) a $7.6 billion cumulative limit on the amount of bonded indebtedness outstanding at one time; (3) modification of the list of eligible public improvements; (4) removal of territory from the Merged Project Area; and (5) the provision to collect tax increment revenue in a portion of the Merged Project Area that did not include this authority. RSG’s role involved a preliminary feasibility study to assess the necessity for the amendments and preparing all required reports to amend the Redevelopment Plans for the Merged Project Area.