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A new 450,000 sf. office construction projects pays construction tax, levied at $0.0192 per dollar <br />of construction costs, of $1,430,266, based on an average Los Angeles County construction cost <br />for new office buildings of $165.54 per square foot, based on figures provided by Reed <br />Construction Data. $1,728,000 in traffic mitigation fees would also result. A building of this size <br />would generate $447,523 in Building Permit fees, $671,279 in Building Inspection fees and <br />$447,264 in other inspection fees. In addition, $744,930 would be put toward the I % for public <br />arts requirements. <br />One Time Fees City of Pasadena <br />1800 <br />1600 <br />400 <br />Const. Traffic Bldg. Bldg. Other Public <br />Tax Fee Permit Insp. Insp. Art <br />■ City of Pasadena <br />One Time Fees in <br />$1000s - 450,000 <br />Square Feet of New <br />Construction <br />Business license fees would bring $6,750 for the building itself and an additional $104,000 in <br />business license fees for enterprises in the building. <br />The 450,000 sf. building averages $1,237,500 in annual payments for electricity and $375,000 <br />for other local utilities. That usage generates $241,200 in utility user taxes, again not including <br />taxes paid on telephone and other communications services. <br />That same 450,000 sf. office complex would generate approximately $90,000,000 annually in <br />salaries and gross receipts of $225,000,000. The operations within the complex can be <br />reasonably estimated to generate an additional $157,500,000 in salaries paid to supporting <br />workers throughout the region and $416,250,000 in additional receipts in the region. <br />The 1,000 workers in the building can be estimated to spend a small amount of their wages in <br />local businesses, as well. Conservatively, $4,752,000 annually can be expected to flow into the <br />local economy as a result of casual spending by office workers in a 450,000 square foot complex. <br />That figure was calculated at 50% of the nationwide average local expenditure of $110 per office <br />employee, based on statistics gathered by the International Council of Shopping Centers in 2004. <br />For further reference, Corporate Center Pasadena (west side of Lake between Cordova and Del <br />Mar) is 681,000 square feet; Pasadena Towers (at Colorado and Lake) is 439,000 square feet. <br />22 <br />