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MalnPlage Mali <br />Net Fiscal Impact and Economic Analysis <br />December 2018 <br />Page 29 of 33 <br />Exhibit 5.2.8b: Annual Net Fiscal iiMDOCt3: Phase 1 <br />Phase 1 plotFisoal Impact <br />Primary,Fiscal Revenues <br />Estimated Annual Total <br />Property Tax (Secured & Unsecured) <br />$1,340,200 <br />Property Tax In -Lieu of VLF <br />$898 800 <br />Sales & Use Tax (On-Site/Direct) <br />$1,402,500 <br />Sales & Use Tax (Off-Site/Indirect) <br />$177.400 <br />Transient Occupancy Tax <br />$2,481,900 <br />Utility User Tax (UUT) <br />$197,548 <br />Business Taxes <br />$85.693 <br />Franchise Taxes <br />$23,880 <br />Total General Fund Revenues (Rounded): <br />$0,607,9tl0 <br />Primary General Fund Expenditures <br />Police <br />$823,979 <br />Fire <br />$358,524 <br />Parks and Reo <br />$141,488 <br />General Government <br />$115,152 <br />Planning and Building <br />$71,613 <br />Public Works <br />$48,691 <br />Bowers Museum <br />$10.460 <br />Community Development <br />$3 877 <br />Total General Fund Expenditures (Rounded): <br />_ _ _ <br />$1,573,786 <br />PHASE ONE NET FISCAL IMPACT (Rounded): <br />$5,034,100 <br />With Measure X 2019.2028 <br />$7,134,000 <br />With Measure X 2029-2038 <br />$6,334,000 <br />source: Centennial Real Estate Company, LLC, California Board of Equalization, City of Santa Ana, Bureau of Labor <br />Statistics, Kosmont Companies, Orange County AuditorrvController (2018) <br />Full Buildout <br />The full project buildout model is also expected to result in additional net revenues for the City <br />upon stabilized occupancy. Excluding Measure X, the estimated annual gross revenues are <br />expected to reach $9.3 million in 2018$, while the net fiscal impact is expected to increase to <br />approximately $6.5 million with the additional elements included (see Exhibit 5.2.8c). <br />The analyses, projections, assumptions, and any examples presented herein are for <br />Illustrative purposes and are not a guarantee of actual and/or future results. Tax analyses <br />kosm. t),„ are projections only. Actual results may differ from those expressed In this analysis. <br />75D-564 <br />