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Table 4 <br />Property Tax and Property Tax In Lieu of VLF Estimate <br />Steelwave LLC Annexation FIA; EPS #241085 <br />Item County Project City Project <br />Projected Assessed Value $905,766,821 $905,766,821 <br />Property Tax Revenue (1% Base Property Tax)$9,057,668 $9,057,668 <br />Allocation to County General Fund 24%15% <br />County General Fund Revenue $2,183,806 $1,377,629 <br />Allocation to Pleasanton General Fund 0%25% <br />Pleasanton General Fund Revenue $0 $2,305,740 <br />Property Tax In Lieu of VLF <br />Existing Citywide Property Tax in Lieu of VLF1 $9,039,000 $9,039,000 <br />Citywide Assessed Value2 $30,652,744,000 $30,652,744,000 <br />Project Net Assessed Value Increase3 0.00%2.95% <br />Property Tax In Lieu of VLF Revenue4 $0 $267,096 <br />(1) FY 2024-2025 Citywide VLF sourced from 2024-25 Budget. <br />(2) Citywide assessed valuse sourced from CA Bureau of Equalization. <br />(3) Calculated by dividing the net new assessed value by citywide assessed value. <br />(4) Calculated by multiplying existing property tax in lieu of VLF by percentage increase in net assessed value. <br />Sources: City of Pleasanton FY 2024-25 Mid-Term Budget; Steelwave LLC; CA Bureau of Equalization; <br />Economic & Planning Systems, Inc. <br />Page 232 of 749