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Agenda Packet_2024-08-06
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Agenda Packet_2024-08-06
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Agenda Packet
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8/6/2024
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APPENDIX A-4 <br />SANTA ANA, CALIFORNIA: SOUTH COAST TECHNOLOGY CENTER <br />PROPERTY TAX REVENUE ANALYSIS <br />C Property Tax In -Lieu of Vehicle License Fee [91 <br />Projected Residential and Non -Residential Land Uses $120,157 <br />11 Total Property Tax Revenues $379,335 <br />NOTES: <br />[1 ] Based on "General Fund" levy for Tax Rate Area (TRA). Data provided by the County of Orange <br />Auditor -Controller's Office. TRA allocations adjusted for ERAF. Note, figure does not include non -General Funds. <br />[2] Post ERAF rates based on the weighted average of the fiscal year 2023-24 rates applicable to the TRAs in the Project. <br />Source: County of Orange Auditor -Controller Office. <br />[3] Please see Appendix A-3. Subject to change. <br />[4] Source: Project Proponent. <br />[5] Based on typical DTA baseline assumptions. <br />[6] Project Proponent plans to own the Project for an extended period. <br />[7] Source: County of Orange Auditor -Controller's Office. <br />[8] Source: City of Santa Ana Adopted Budget, Fiscal Year 2023-2024. <br />[9] Property Tax in -lieu of Vehicle Licensing Fees applies to incremental property value. <br />Current estimated land value of Project site of $23,491,046 excluded from calculation. <br />* Aii figures subject to rounding <br />City Council 28 — 199 8/6/2024 <br />
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