75C - PH ANNEX AGMNT - Laserfiche WebLink

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City of Santa Ana Annexation Key Findings AECOM performed a fiscal assessment to estimate the net fiscal impacts of providing services to the area that is being proposed for annexation, referred to as the Study Area. The Study Area is roughly 25 acres in size with 49 single-family and 34 multi -family residential units, and an estimated population of 309 residents. There are 3 existing commercial properties in the Study Area with a combined 27,750 square feet of rentable space and approximately 20 businesses. The analysis focused on fiscal impacts to the following City of Santa Ana funds: • General Fund The Special Gas Tax Fund and Measure M (referred to hereafter as the Road Fund) The assessment primarily focuses on the fiscal impacts associated with the existing land uses within the Study Area. However, it is understood that two additional proposed land uses (Chick-Fil-A and In-N-Out) may locate on vacant commercial land within the Study Area so an estimated range of fiscal impact was also calculated separately to provide a more complete overall assessment of the Study Area. Based on our preliminary draft findings, AECOM estimates a General Fund surplus and a Road Fund deficit. The two additional proposed land uses are estimated to result in an increase to the fiscal surplus. Note that these findings are in draft form and are subject to change. All figures for revenues and expenditures are expressed in 2018 dollars. 1.1 Estimated Study Area Net Annual Fiscal Impacts (2018 dollars) Fund Net Fiscal Impact Existing Land Uses General Fund Road Fund $127,000 -$92,000 Total $35,000 Proposed Land Uses* General Fund $60,000 to $94,000 Existing and Proposed Land Uses $95,000 to $129,000 • It is assumed the addition of the proposed land uses would have a negligible effect on road costs and revenues. As a result no Road Fund estimates have been included. Proposed Land Use estimated net fiscal impacts are in addition to the Existing Land Use estimates. Source: AECOM Factors and assumptions utilized to arrive at these estimates were based on reviews of the City of Santa Ana Fiscal Year 18-19 Adopted Budget, Orange County Assessor and Treasurer data, Costar, U.S. Census data, and phone and email correspondence with City staff. A more detailed breakdown of methodology and assumptions is included in the body of the report along with the expanded tables in the Appendix. 75C-131 AECOM