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

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that each household generates approximately $27,000 in taxable sales per year. RSG adjusted this figure to 50 percent as the Project is located in close proximity to several significant shopping centers, including MainPlace Mall, City Place Shopping Center, Centre on 17th Shopping Center, and Downtown Santa Ana, among others, which lie within the city of Santa Ana, although many other shopping destinations existing nearby in other cities (Orange, Tustin, Irvine, and Anaheim). The total residential derived sales tax revenues are approximately $70,000, or $2.6 million ($1.4 million in 2017$) over 25-years. Business Tax The City assesses a business tax on retail, restaurant, and multi-family management companies. Retail and restaurant business taxes are assessed based on annual sales while management company business taxes are assessed based on a base tax rate plus a rate and surcharge per unit. The Project will not involve a retail component, making the entire business tax revenue dependent on the management company business taxes. The combined business tax revenues are approximately $17,100, or $625,200 ($340,200 in 2017$) over 25 years. RESIDENT-DERIVED SALES TAX REVENUE 2525 N MAIN STREET, SANTA ANA Taxable Household Expenditures 27,104$ Number of Households 517 Estimated Transactions within City of Santa Ana 50% City Share of Sales Tax 1% Resident-Derived Sales Tax Revenues 70,064$ Source: California State Board of Equalization, RSG, Inc BUSINESS TAX REVENUES 2525 N MAIN STREET, SANTA ANA Multifamily Business Tax Basic Tax Rate 52$ Disability & Education Fee 4 Registration Fee 31 Per Unit Tax Rate 10 Per Unit Rental Surcharge 23 Number of Units 517 Multifamily Business Tax Revenues 17,148$ Sources: City of Santa Ana, RSG, Inc 2-287