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dta <br />www.FinanceDTA.com <br />SUMMARY MEMORANDUM <br />September 27, 2023 <br />To: Jeremy Krout, EPD Solutions <br />From: David Taussig and Jerry Wen, DTA <br />Subject: Fiscal Impacts Resulting from the Proposed Related Bristol Specific Plan <br />The intent of this memorandum is to provide a peer review of a fiscal impact analysis ("FIA") <br />prepared on behalf of Related California ("Related") for its proposed Related Bristol Specific <br />Plan (the "Specific Plan," or the "Project") being proposed in the City of Santa Ana (the "City"), <br />located in the County of Orange, California (the "County"). Related submitted an FIA (the <br />"Related FIA") to the City dated February 7, 2023, that was prepared by The Natelson Dale <br />Group, Inc., to evaluate the projected fiscal impact to the City's General Fund that would <br />result from the development of the Project. <br />EPD Solutions has engaged DTA on behalf of the City to peer review the Related FIA. As part <br />of its review process, DTA prepared its own FIA (the "DTA FIA") to evaluate the conclusions <br />presented in the Related FIA. The specific purpose of the DTA FIA is (i) to determine whether <br />the Project will generate sufficient revenues to cover the costs of all of the public services <br />typically financed by the City's General Fund and (ii) to summarize the major differences <br />between the assumptions utilized and the conclusions reached by the two FIAs. For <br />purposes of this memorandum, DTA focused on the fiscal impacts of the proposed Project, <br />rather than the fiscal impacts of the existing development on the Project site. <br />A Description of the Project Site and Project Use <br />As depicted in Figure 1, the 41.1-acre Project site located at 3600 South Bristol Street is <br />currently the site of 465,063 existing building square feet ("BSF") of predominately retail and <br />restaurant uses, with some medical office, financial, and fitness uses. <br />Figure 1: Project Site <br />VA <br />m <br />• r .COAST - <br />PLA2A <br />V E�iA GE <br />1 Sunflower Ave ' 'o <br />rL 2 i' pit <br />Exhibit 10 <br />Irvine San Jose San Francisco Riverside Dallas Houston Raleigh Tampa <br />