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that each household generates approximately $27,000 in taxable sales per year. RSG adjusted <br />this figure to 50 percent as the Project is located in close proximity to several significant shopping <br />centers, including MainPlace Mall, City Place Shopping Center, Centre on 17th Shopping Center, <br />and Downtown Santa Ana, among others, which lie within the city of Santa Ana, although many <br />other shopping destinations existing nearby in other cities (Orange, Tustin, Irvine, and Anaheim). <br />The total residential derived sales tax revenues are approximately $70,000, or $2.6 million ($1.4 <br />million in 2017$) over 25-years. <br />RESIDENT -DERIVED SALES TAX REVENUE <br />2525 N MAIN STREET, SANTA ANA <br />Taxable Household Expenditures $ <br />27,104 <br />Number of Households <br />517 <br />Estimated Transactions within City of <br />Santa Ana <br />50% <br />City Share of Sales Tax <br />1 % <br />Resident -Derived Sales Tax <br />Revenues $ <br />70,064 <br />Source: California State Board of Equalization, RSG, Inc <br />Business Tax <br />The City assesses a business tax on retail, restaurant, and multi -family management companies. <br />Retail and restaurant business taxes are assessed based on annual sales while management <br />company business taxes are assessed based on a base tax rate plus a rate and surcharge per <br />unit. The Project will not involve a retail component, making the entire business tax revenue <br />dependent on the management company business taxes. The combined business tax revenues <br />are approximately $17,100, or $625,200 ($340,200 in 2017$) over 25 years. <br />BUSINESS TAX REVENUES <br />2525 N MAIN STREET. SANTA ANA <br />Multifamily Business Tax <br />Basic Tax Rate $ <br />52 <br />Disability & Education Fee <br />4 <br />Registration Fee <br />31 <br />Per Unit Tax Rate <br />10 <br />Per Unit Rental Surcharge <br />23 <br />Number of Units <br />517 <br />Multifamily Business Tax Revenues $ 17,148 <br />Sources: City of Santa Ana, RSG, Inc <br />\• • <br />11/12/17 37 <br />