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Santa Ana Redhill Development <br /> <br /> <br /> <br /> <br />Prepared for: City of Santa Ana <br /> <br />AECOM <br />32 <br /> <br />5. Fiscal Impact <br />AECOM performed a fiscal assessment to estimate the annual net fiscal impacts on the City of Santa Ana General <br />Fund of the two project alternatives at the Site. Estimated expenditures for services administered by the City of Santa <br />Ana were calculated on a per service population4 basis for residents and workers at the Site. AECOM estimated <br />revenues to the City of Santa Ana on a reasonable estimate of the property taxes, sales taxes from businesses and <br />employees, business permits, licenses and inspections, franchise fees, fines and forfeitures, and intergovernmental <br />transfers. Detailed tables of Expenditures and Revenues are shown in Appendix A. <br />Table 22: Fiscal Impacts - Project <br />Fiscal Impact of the Project <br />City of Santa Ana General Fund Annual Net Fiscal Impact from Project <br />Cost/Revenue Description Estimated Value <br />Estimated Total Costs to the City General Fund $1,511,000 <br />Sources of Revenue <br />Property Tax $922,000 <br />Property Tax In Lieu of VLF $224,000 <br />Property Transfer Tax $26,000 <br />Sales Tax $1,032,000 <br />Other Revenue $341,000 <br />Total Estimated Revenue from Buildout $2,545,000 <br />Estimated Net Fiscal Surplus from Buildout $1,034,000 <br />Note: Numbers are rounded and may not sum <br />Source: Orange County Treasurer-Tax Collector, City of Santa Ana, California Department of Finance, Costar, <br />AECOM <br /> <br />Table 23: Fiscal Impacts - Industrial Prototype <br />Fiscal Impact of the Industrial Prototype <br />City of Santa Ana General Fund Annual Net Fiscal Impact from Project <br />Cost/Revenue Description Estimated Value <br />Estimated Total Costs to the City General Fund $185,000 <br />Sources of Revenue <br />Property Tax $140,000 <br />Property Tax In Lieu of VLF $0 <br />Property Transfer Tax $4,000 <br />Sales Tax $524,000 <br />Other Revenue $42,000 <br />Total Estimated Revenue from Buildout $710,000 <br />Estimated Net Fiscal Surplus from Buildout $525,000 <br />Note: Numbers are rounded and may not sum <br />Source: Orange County Treasurer-Tax Collector, City of Santa Ana, California Department of Finance, Costar, <br />AECOM <br /> <br /> <br />4 Service population represents all estimated residents from the Project and a percentage allocation of workers based on US <br />Census LEHD data of where employees work and live in the Focus Area <br />3-259