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Property owner who owns property at one location but lives or
operates a business at another location. |
| The amount used by the San Bernardino County Tax
Assessor to value real property for tax purposes. Assessed value
is generally the market value of property. Assessed value multiplied
by the tax rate determines property tax. |
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The year in which the redevelopment plan was adopted. |
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The total assessed value of property within a project area in
the year in which the redevelopment plan is approved. |
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Areas and/or structures in Fontana which constitute either physical,
social, or economic liabilities requiring redevelopment in the
interest of the health, safety, and general welfare of the people
of Fontana. |
| Redevelopment law of the
state contained in California Health and Safety Code, Division
24, Part 1 (Section 33000 et seq.). |
| A nonprofit trade group
representing redevelopment agencies throughout California. Their
website (www.ca-redevelopment.org) contains excellent information
for anyone interested in understanding the benefits of redevelopment. |
| Refer to "blighted areas." |
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Clearance or removal of a structure in order to carry out the
redevelopment plan. |
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Authority of the Agency to acquire property at fair market value
for public purposes (not to be confused with meaning public
buildings and improvements only). Also know as condemnation. |
| The highest price on the date of the valuation
that would be agreed to by a seller, being willing to sell but
under no particular or urgent necessity for doing so, nor obligated
to sell, and a buyer, being ready, willing and able to buy but
under no particular necessity for so doing, each dealing with
the other with full knowledge of all uses and purposes for which
the property is reasonably adaptable and available. |
| The FHWA establishes the priorities
and direction for the Nation's highways and national transportation
system. |
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Public improvements which support development including: streets,
traffic signals, street lighting, sewers, flood control facilities,
water lines, gas lines, telephone lines, etc. |
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What a willing seller could reasonably expect to receive if
he/she were to sell the property on the open market to a willing
buyer. |
| When the price to be paid for land and improvements
is mutually agreed upon by the buyer and seller. |
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The area that is designated in the redevelopment plan for redevelopment
and revitalization. |
| An elected citizens' committee composed of
project area residents, businesspersons, and representatives
of organizations to consult with and advise the Agency. |
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The amount of tax that a property owner pays on the value of
his/her property. The tax is calculated by multiplying the assessed
value of the property by the tax rate, which is one percent
(1%) plus any voter approved increase. |
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Planning, development, re-planning, redesign, clearance, reconstruction,
or rehabilitation of all or part of a project area. |
| The governing body in Fontana created to designate
redevelopment project areas, supervise and coordinate planning
for a project area, and implement the redevelopment plan. |
| Plan for revitalization and redevelopment of land
within the project area in order to eliminate blight and remedy
the conditions that caused it. |
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To improve, alter, modernize or modify an existing structure
to make it safe, sanitary, and decent and/or bring it up to
Fontana building code standards. |
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The effort to assist and facilitate re-housing of families and
single persons, businesses or organizations who are displaced
due to redevelopment activities. |
| Relocation payments help to assist families,
individuals, businesses, and non-profit organizations that are
displaced as a result of redevelopment activities. This includes
aid in finding a new location, payments to help cover moving
costs, and additional payments for certain other costs. |
| A bond or financial obligation issued by the Agency
in order to generate funds to implement the redevelopment plan.
The bond is repaid with tax increments flowing to the Agency
as a result of actions of the Agency to revitalize the project
area. |
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The increase in property taxes within the redevelopment project
area that result from increases in the project area assessed
value that exceeds the base year assessed value. |
TEA-21 was
enacted June 9, 1998 as Public Law 105-178. TEA-21 authorizes
the Federal surface transportation programs for highways, highway
safety, and transit for the 6-year period 1998-2003.
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