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Item 26 - Public Hearing Regarding Bristol Project
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Item 26 - Public Hearing Regarding Bristol Project
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Last modified
9/25/2024 12:33:51 PM
Creation date
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
26
Date
10/1/2024
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ATTACHMENT 1-E <br />SANTA ANA, CALIFORNIA: RELATED BRISTOL SPECIFIC PLAN <br />SALES TAX REVENUE ANALYSIS <br />Indirect Sales Tax Assumptions <br />I <br />Indirect Sales Tax Assumptions - Residential <br />A <br />Mortgage/Rent Assumptions <br />A.1 <br />Apartment <br />Annual Rent Payment per Unit [1) <br />$36,000 <br />B <br />Disposable Income Assumptions <br />BA <br />Senior Living <br />Retail Taxable Expenditures [2) <br />$16,954 <br />B.2 <br />Apartment <br />Average Household Income (3:1 Income to Household Payment Ratio) <br />$108,000 <br />Retail Taxable Expenditures (as a % of Disposable Income) [2) <br />23.22% <br />II <br />Indirect Sales Tax Assumptions - Employee <br />Annual Spending per Employee [3) <br />$924 <br />III <br />Retail Taxable Sales Capture <br />City of Santa Ana Retail Taxable Purchase Capture [41 <br />25% <br />Direct Sales Tax Assumptio <br />I Non -Residential Direct Sales Tax Assumptions <br />A Non -Residential Land Uses <br />Grocery <br />Fitness <br />Restaurant <br />Neighborhood Retail <br />Neighborhood Services <br />Hotel <br />II Displaced Taxable Sales <br />Displaced Existing Taxable Sales within the City of Santa Ana [61 <br />IL <br />I Percent to the City of Santa An <br />City of Santa Ana Municipal Code jC35-51 <br />Prop 172 Sales Tax [7) <br />Measure X Sales Tax [81 <br />Total <br />I Fiscal Impact Category <br />A Indirect Sales Tax <br />A.1 Proiected Residential Land Uses <br />Senior Living <br />Apartment <br />Other Sales Tax Assumptions <br />Fiscal Impact Calculation <br />Taxable Sales etc{. Ft / Room 151 <br />$315.00 <br />$0.00 <br />$1,000.00 <br />$400.00 <br />$0.00 <br />$7,528.40 <br />15% <br />1.00% <br />0.04% <br />1.00% <br />2.04% <br />Annual Fiscal Impact Amount <br />$17, 311 <br />$480,193 <br />Exhibit 10 <br />
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