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7 <br /> <br /> <br /> <br /> <br />CITY EXPENDITURES <br /> <br />RSG utilized the additional population that will stem from people moving into the Project to <br />estimate the total added expenditures to the City General Fund for servicing the Project. <br />Consistent with other recent analyses prepared by RSG on projects in Santa Ana, RSG assumed <br />that each studio would house 1.20 residents, each one-bedroom unit would house 1.75 residents, <br />each two-bedroom unit would house 3 residents, and each three-bedroom unit would house 4.25 <br />residents. Overall, this works out to an average household size of approximately 2.06 residents <br />per unit, which we consider supportable given the unit mix that is more heavily weighted towards <br />one-bedroom configurations. <br /> <br />While Santa Ana has a much higher average household size, many of the denser residents live <br />south of 17th Street. By comparison, within a 1-mile radius of this site, average household sizes <br />are approximately 4.56 persons1, which includes both single family and multifamily housing, and <br />an overall larger unit sizes with two or more bedrooms. Rent levels and bedroom sizes are often <br />a driver of occupancy, as the market rate units are expected to rent at the top end of the Santa <br />Ana rental market, we anticipate renters to be more affluent and smaller households than what is <br />found elsewhere in Santa Ana, and more like what exists in newer complexes being constructed <br />today. <br /> <br />RSG gathered data from the US Census and ESRI Business Analyst Online to estimate the <br />equivalent full-time residents of the Project. Approximately 13 percent of Santa Ana residents <br />work within Santa Ana, which, in effect means that the City is servicing these resident-employees <br />100 percent of the time. Thirty-three percent of Santa Ana residents work outside the city. <br />Assuming the residents that work outside of the city are outside City limits from 9 am to 5 pm, <br />Santa Ana is servicing these residents approximately 73 percent of the time. The city’s remaining <br />residential population (about 54 percent), is serviced by the City 100 percent of the time. <br />Accounting for all residents and employees based on the percent of time spent in the city, the <br />Project will generate a daily (24/7) population of 411 persons. <br /> <br />RSG identified variable costs, as opposed to fixed costs, by department in the City of Santa Ana <br />FY 2018-19 Adopted Budget. Variable costs are expenditures by the City that increase or <br />decrease based on the residential and employee population. The City Manager and City Attorney <br />offices, for example, are fixed costs that will not vary based on population. Meanwhile, Police and <br />Parks and Recreation departments will experience service increases due to the added population. <br /> <br />1 Source: Housing Profile, ESRI Business Analyst, 2018 Projections <br />BUSINESS TAX REVENUES <br />4th + Main <br />Multifamily Business Tax <br />Basic Tax Rate 56$ <br />Disability & Education Fee 4 <br />Registration Fee 31 <br />Per Unit Tax Rate 11 <br />Per Unit Rental Surcharge 23 <br />Number of Units 220 <br />Multifamily Business Tax Revenues 7,571$ <br />Sources: City of Santa Ana, RSG, Inc <br />1- 147