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PROPERTY TAX IN -LIEU OF MOTOR VEHICLE LICENSE <br />FEES <br />2525 N MAIN STREET, SANTA ANA <br />2004-05 City Assessed Value <br />$ <br />15,979,631,532 <br />2013-14 City Assessed Value <br />23,716,558,812 <br />Growth <br />48.417% <br />Santa Ana 2004-05 VLF <br />$ <br />19,819,113 <br />Santa Ana 2017-18 VLF <br />29,415,019 <br />Project Assessed Value /1 <br />$ <br />252,143,679 <br />Increase in Assessed Value <br />1.06% <br />Property Tax In -lieu Revenue <br />$ <br />312,727 <br />/1 Inflated pursuant to the construction schedule <br />Source: County of Orange Auditor Controller, RSG, Inc. <br />Utility User Tax <br />The City assesses a utility user tax of 5.5 percent on electricity, gas, water, and telephone <br />revenues generated in the City. Utility costs were estimated by RSG based on a review of similar <br />projects and utility costs in Orange County. Assumed annual utility expenditures subject to the <br />City's UUT consist of: Gas at $270 annually ($240 in 2017$), water at $480 annually ($540 in <br />2017$), electric at $1,351 annually ($1,200 in 2017$), and phone at $878 annually ($780 in <br />2017$). <br />Based on these assumptions, RSG estimates that utility user tax revenues generated by the <br />Project will be approximately $86,410 per year, or $3.2 million ($1.7 million in 2017$) over the 25 - <br />year projection period. <br />UTILITY USER TAX REVENUE <br />2525 N MAIN STREET, SANTA ANA <br />Energy Expenditures per Household $ 3,039 <br />Number of Households 517 <br />Total Residential Energy Expenses $ 1,571,098 <br />City Tax Rate 6% <br />City Tax Revenues $ 86,410 <br />Sources: City of Santa Ana Energy Information Administration, RSG, Inc. <br />Resident -Derived Sales Tax <br />The additional residential households in the City are expected to result in increased sales for <br />retailers and restaurants in the City. RSG obtained average annual household expenditures for <br />households within a 15 -minute driving radius of the Project from ESRI Business Analyst Online. <br />By adjusting the household expenditures based on taxable and non-taxable sales, RSG estimates <br />11/12/17 75E-342 36 <br />