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SECTION I <br />taEXECUTIVE SUMMARY <br />www.FinanceDTA.com <br />Table 1: Proposed Land Uses for the Project <br />- _96=1"Building <br />Square Feet <br />Industrial Building 1 <br />112,230 <br />Industrial Building 2 <br />121,645 <br />Industrial Building 3 <br />79,369 <br />Grand Total <br />313,244 <br />D Conclusions of the Fiscal Impact Analysis ("FIA") <br />The body of this Report will present the results of the incremental FIA, including narratives <br />and tables detailing the fiscal impacts of the Project on specific General Fund revenue and <br />expenditure categories. As presented in Table 2 and illustrated in Figure 3, below, the <br />Project site is anticipated to generate a sizable annual recurring incremental fiscal <br />surplus at build -out of $257,736 based on the generation of $460,412 in annual recurring <br />revenues and $202,676 in recurring annual costs. Overall, the annual revenues generated <br />are projected to equal 2.27 times the associated City General Fund costs. In a fiscal impact <br />analysis, a revenue/cost ratio >1 is expected to generate a positive net fiscal impact. A <br />summary of the overall incremental fiscal impacts of the Project to the City General Fund is <br />provided in Appendix A. <br />Table 2: Net Fiscal Impact (the City's General Fund) <br />Total Recurring Revenues <br />$460,412 <br />Total Recurring Costs* <br />$202,676 <br />Annual Recurring Surplus/(Deficit) <br />$257,736 <br />Total Annual Revenue/Cost Ratio <br />2.27 <br />Figure 3: Net Fiscal Impact (the City's General Fund) <br />$s00000 <br />$400,000 <br />$300000 <br />$200,000 <br />$10Q000 <br />$0 <br />($100,000) <br />($200000) <br />($300000) <br />,47G <br />($202676) <br />■ Recurring City Funds Revenues <br />■ Recurring City Funds Expenditures <br />■Total Annual Recurring General Fund Surplus/( Deficit) <br />EPD Solutions, Inc. <br />South Coast Technology Center Fiscal Impact Analysis Report <br />May 13, 2024 <br />3 <br />