Item 28 - Public Hearing - ZOA No. 20204-01 South Coast Technology Center

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SECTION III ta www.FinanceDTA.com A.4 Utility User Tax ("UUT') DESCRIPTION OF RECURRING FISCAL REVENUES/COSTS The UUT is imposed by the City on the consumption of utility services of telephone, electricity, natural gas, and water. The UUT rates for those utility services are presented in Table 6 below. Table 6: UUT Assumptions UUT Rates Telephone (Municipal Code jr3.16.020) 5.50% Electricity (Municipal Code .5J3.16.030) 6.00% Natural gas (Municipal Code jr3.16.040) 6.00% Water (Municipal Code 553.16.050) 6.00% Annual Telephone Gross Receipts Industrial Building One (5 Lines) $4,800 Industrial Building Two (5 Lines) $4,800 Industrial Building Three (4 Lines) $3,840 Electricity Usage and Cost Kilowatthour (kWh) per BSF 10.8 Rate per kWh $0.0816 Natural Gas Usage and Cost Cubic Feet (Cu. Ft.) per BSF 26.4 Rate per 1,000 Cu. Ft. $13.29 Water Usage and Cost Gallons per BSF 8.3 Rate per 748 Gallons $2.60 The electricity, natural gas, and water usages, as reflected in the table above, assume that the Project buildings will house manufacturing facilities. DTA utilized the applicable electrical and natural gas usage metrics from the 2018 Commercial Buildings Energy Consumption Survey ('CBECS') conducted by the U.S. Energy Information and Administration ("EIA"), with the sourcing of the water usage metric from the 2012 CBECS compiled by the EIA. The UUT revenues generated are presented later in the Report in Table 10. A.S Other Property Tax Revenue Per California Revenue and Taxation Code 511901, et seq., and the City Code jG3.22.020, sales of real property are taxed by the City at a rate of $0.55 per $1,000 of property value, excluding assumed liens or encumbrances. Since the Project proponent indicated that it plans to own and operate the Project for an extended EPD Solutions, Inc. May 1-7 2024 South Coast Technology Center Fiscal Impact Analysis Report 11