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Agenda Packet_2024-09-17
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Agenda Packet_2024-09-17
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Clerk of the Council
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9/17/2024
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ATTACHMENT 1-D <br />SANTA ANA, CALIFORNIA: RELATED BRISTOL SPECIFIC PLAN <br />PROPERTY TAX REVENUE ANALYSIS <br />I Property Tax Allocation (as a Portion of the 1% General Property Tax Levy) [1] <br />A Category / Code Allocated to City [2] <br />General Fund 19.081556% <br />Total 19.081556% <br />I Residential Land Uses <br />B Senior Living <br />Number of Units [3]200 <br />Estimated Value per Unit [4]$650,000 <br />Total Estimated Net Taxable Value $130,000,000 <br />A Apartment <br />Number of Units [3]3,750 <br />Estimated Value per Unit [4]$450,000 <br />Total Estimated Net Taxable Value $1,687,500,000 <br />II Non-Residential Land Uses <br />A Grocery <br />Estimated Number of Sq. Ft. [3]50,000 <br />Estimated Valuation per Sq. Ft. [4]$350 <br />Total Estimated Net Taxable Value $17,500,000 <br />B Fitness <br />Estimated Number of Sq. Ft. [3]45,000 <br />Estimated Valuation per Sq. Ft. [4]$350 <br />Total Estimated Net Taxable Value $15,750,000 <br />C Restaurant <br />Estimated Number of Sq. Ft. [3]70,000 <br />Estimated Valuation per Sq. Ft. [4]$350 <br />Total Estimated Net Taxable Value $24,500,000 <br />D Neighborhood Retail <br />Estimated Number of Sq. Ft. [3]75,000 <br />Estimated Valuation per Sq. Ft. [4]$350 <br />Total Estimated Net Taxable Value $26,250,000 <br />E Neighborhood Services <br />Estimated Number of Sq. Ft. [3]110,000 <br />Estimated Valuation per Sq. Ft. [4]$350 <br />Total Estimated Net Taxable Value $38,500,000 <br />F Hotel <br />Estimated Number of Hotel Rooms [3]250 <br />Estimated Valuation per Hotel Room [4]$325,000 <br />Total Estimated Net Taxable Value $81,250,000 <br />III Total Land Use Net Taxable Value $2,021,250,000 <br />General Property Tax Assumptions <br />Assessed Valuation Assumptions <br />Exhibit 10 <br /> <br /> <br />City Council 22 – 427 9/17/2024
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