2 -EIR18-01; DA18-01; GPA18-10_2525 N MAIN

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Utility User Tax The City assesses a utility user tax of 5.5 percent on electricity, gas, water, and telephone revenues generated in the City. Utility costs were estimated by RSG based on a review of similar projects and utility costs in Orange County. Assumed annual utility expenditures subject to the City’s UUT consist of: Gas at $270 annually ($240 in 2017$), water at $480 annually ($540 in 2017$), electric at $1,351 annually ($1,200 in 2017$), and phone at $878 annually ($780 in 2017$). Based on these assumptions, RSG estimates that utility user tax revenues generated by the Project will be approximately $86,410 per year, or $3.2 million ($1.7 million in 2017$) over the 25- year projection period. Resident-Derived Sales Tax The additional residential households in the City are expected to result in increased sales for retailers and restaurants in the City. RSG obtained average annual household expenditures for households within a 15-minute driving radius of the Project from ESRI Business Analyst Online. By adjusting the household expenditures based on taxable and non-taxable sales, RSG estimates 2525 N MAIN STREET, SANTA ANA 2004-05 City Assessed Value 15,979,631,532$ 2013-14 City Assessed Value 23,716,558,812 Growth 48.417% Santa Ana 2004-05 VLF 19,819,113$ Santa Ana 2017-18 VLF 29,415,019 Project Assessed Value /1 252,143,679$ Increase in Assessed Value 1.06% Property Tax In-lieu Revenue 312,727$ /1 Inflated pursuant to the construction schedule PROPERTY TAX IN-LIEU OF MOTOR VEHICLE LICENSE FEES Source: County of Orange Auditor Controller, RSG, Inc. UTILITY USER TAX REVENUE 2525 N MAIN STREET, SANTA ANA Energy Expenditures per Household 3,039$ Number of Households 517 Total Residential Energy Expenses 1,571,098$ City Tax Rate 6% City Tax Revenues 86,410$ Sources: City of Santa Ana Energy Information Administration, RSG, Inc. 2-286