|This is a
summary of a chart we were given by CV Finance Department showing 15 years of
Redevelopment in the southwest redevelopment area. Almost 60% of all the tax
increment (the increases in property tax from the day the area became a
redevelopment area) went to schools, the county and low and moderate
affordable housing fund. THE WAY THE MONEY IS DIVIDED UP IS DIFFERENT IN THE
SOUTHWEST IS DIFFERENT THAN IN OTHER REDEVELOPMENT AREAS. ONLY 40% GOES TO
REDEVELOPMENT AGENCY IN SOUTHWEST. IN REST OF AREAS 60% GOES TO THE AGENCY.