Item 28 - Public Hearing - Amendment Application for the Village Santa Ana Specific Plan

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The Village Santa Ana Specific Plan Entitlements and Development Agreement (1561 W. Sunflower Avenue) September 16, 2025 Page 29 Table 7: Key Economic, Fiscal, and Community Benefits Findings Topic I Existing Site Proposed Project Net Change EconomicKey One -Time Impacts . Not applicable 8,658 city -captured Not jobs, including direct, applicable indirect, and induced full- and part-time jobs; $700 million city - captured labor income; and $1.1 billion city - captured economic output Recurring (Ongoing) Estimated 280 jobs 1,167 city -captured Increase of 887 jobs. Impacts jobs, including direct, indirect, and induced full- and part-time jobs; $133 million city - captured labor income; and $119 million city - captured economic output Jobs -Housing Balance 156,000 jobs city-wide; 157,167 jobs city-wide; 1,167 jobs resulting 83,005 housing units 84,588 housing units from the project; 1,583 city-wide; and 1.88 city-wide; and 1.86 new housing units; 0.02 jobs -housing balance jobs -housing balance decline jobs -housing balance, resulting in a positive shift toward the direction of a 1:1 job - housing balance ImpactsKey Fiscal Total Annual Site Revenues to the City's $525,000 $5,493,100 $4,968,100 General Fund Total Annual Site Expenditures from the $190,000 $2,824,500 $2,634,500 City's General Fund Cost of Services Net Annual Site General Fund Fiscal $335,000 $2,668,600 $2,333,600 Impact to the City Land Residual Value Findings Total Net Assessed Value (NAV) Not applicable $1,265,000,000 Not applicable Total Costs Not applicable $1,100,000,000 Not applicable Excess of NAV over Costs Not applicable $165,000,000 Not applicable