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Fiscal Impact Findings: <br />Table 1 : Fiscal Impact Proiection Summarv: Construction Period + 25-Year Recurrina Tax Forecast <br />25-Year Recurring <br />Revenue Category <br />Total <br />NPV (4%) <br />Property Taxes <br />$10,452,020 <br />$5,517,384 <br />Prop Tax In- Lie of VLF (1) <br />$4,574,958 <br />$2,421,372 <br />Utility User <br />$3,210,515 <br />$1,724,753 <br />Resi Derived Sale Tax <br />$3,838,764 <br />$2,260,786 <br />Retail Sales Tax <br />$717,990 <br />$432,038 <br />Total City Revenues <br />Less City Expenses <br />Net New Revenues <br />$22,794,248 <br />$14,543,691 <br />$8,250,556 <br />$12,31 1,124 <br />$7,773,266 <br />$4,537,858 <br />Based on a total construction budget of $249 million, TCG projects the City of Santa Ana's <br />recurring revenues to be approximately $22.8 million over the next 25 years after build -out. The <br />net present value of the cumulative tax revenue over the same period at a 4% annual discount <br />rate is $12.3 million. Total City expenditures over the next 25 years after build -out are expected <br />to be $14.5 million ($7.8 million in 2022 dollars) resulting in net new revenues of $8.3 million <br />($4.5 in 2022 dollars). <br />Employment Impacts: <br />Based on an analysis utilizing Rims II multipliers for Orange County, TCG estimates the <br />employment opportunities for this Project amount to approximately 21 permanent direct jobs. <br />Additionally, 1,913 temporary direct construction jobs will be available during the construction <br />term of the Project. <br />FRH Realty LLC <br />22179.01 Santa Ana, CA <br />April 2023 <br />City Council 18 — 381 10/3/2023 <br />