Property taxation: exemption: property owned by the Redevelopment Agency of the City of San Diego.

Existing provisions of the California Constitution provide that specified publicly owned property is exempt from ad valorem property taxation. This bill would state the intent of the Legislature to enact legislation that would provide that certain historic property located within the former Naval Training Center in the City of San Diego, leased by the Redevelopment Agency of the City of San Diego to a nonprofit entity or to an organization controlled by the nonprofit entity, shall be deemed to be property owned by the Redevelopment Agency of the City of San Diego and thereby be exempt from property taxation.