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SECTION I taEXECUTIVE SUMMARY www.FinanceDTA.com Table 1: Proposed Land Uses for the Project .. 16Wg&=====mdL_ Building Square Feet Industrial Building 1 112,230 Industrial Building 2 121,645 Industrial Building 3 79,369 Grand Total 313,244 D Conclusions of the Fiscal Impact Analysis ("FIA") The body of this Report will present the results of the incremental FIA, including narratives and tables detailing the fiscal impacts of the Project on specific General Fund revenue and expenditure categories. As presented in Table 2 and illustrated in Figure 3, below, the Project site is anticipated to generate a sizable annual recurring incremental fiscal surplus at build -out of $257,736 based on the generation of $460,412 in annual recurring revenues and $202,676 in recurring annual costs. Overall, the annual revenues generated are projected to equal 2.27 times the associated City General Fund costs. In a fiscal impact analysis, a revenue/cost ratio >1 is expected to generate a positive net fiscal impact. A summary of the overall incremental fiscal impacts of the Project to the City General Fund is provided in Appendix A. Table 2: Net Fiscal Impact (the City s General Fund) Total Recurring Revenues $460,412 Total Recurring Costs* $202,676 Annual Recurring Surplus/(Deficit) $257,,736 Total Annual Revenue/Cost Ratio 2.27 Figure 3: Net Fiscal Impact (the City's General Fund) $500,000 $400,000 $300,000 $200,000 $100, 000 $0 ($100,000) $460,412 ($200,000) ($202,676) ($300,000) ■ Recurring City Funds Revenues ■Recurring City Funds Expenditures •Total Annual Recurring General Fund Surplus/(Deficit) EPD Solutions, Inc. May 13 2024 South Coast Technology Center Fiscal Impact Analysis Report City Council 28 — 176 3