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75C - PH - THE BOWERY
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75C - PH - THE BOWERY
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Last modified
8/13/2020 5:10:27 PM
Creation date
8/13/2020 4:53:25 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75C
Date
8/18/2020
Destruction Year
2025
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Sales Taxes: Sales taxes for both developments come from both taxable sales from the proposed retail and <br />industrial land uses and spending from future residents and employees. For the Project, BLS data on household <br />consumption expenditures for the area were discounted to account for the likely capture to Santa Ana of households <br />on the periphery of the City with considerable retail options in adjacent districts of neighboring cities. A capture rate of <br />30% was applied to account for this spending and the capture of on -site retail of the Project described above in the <br />Retail Demand section and the potential transfer of sales tax from other retail establishments in the City. Workday <br />spending for on -site employees for both developments also assumed these factors in their discount rates. Detailed <br />tables are shown in the Appendix A. <br />Other Government Revenues: Other sources of revenue are expected to increase as the result of the annexation of <br />the Study Area, including business permits, licenses and inspections, franchise fees, fines and forfeitures and <br />intergovernmental transfers. Detailed tables are shown in the Appendix A. <br />75C-658 <br />
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