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Fiscal Impact Tables <br />The Project - Estimated Property Tax Revenues at Stabilized Occupancy <br />Real Estate Sale Assumptions Estimated Total Assessed Value <br />Total Improved Value* <br />$475,000,000 <br />Property Transfer Tax Revenue Assumptions <br />Total Improved Value <br />$475,000,000 <br />Property TransferTaxl ($0.275 per $500) <br />$261,000 <br />Annual Property Transfer Tax (5%of total) <br />$26,100 <br />Property Tax Revenue Allocation Assumptions <br />Total Improved Value <br />$475,000,000 <br />1% Property Tax Allocation <br />$4,750,000 <br />% of Property Tax Distributed to City of Santa Ana General Fund** <br />19.4% <br />Net Increase in Property Tax Revenue <br />$922,000 <br />% of City of Santa Ana in Lieu of Vehicle License Fee (VLF)*** <br />4.7% <br />Net Increase of In Lieu of VLF to the City of Santa Ana <br />$223,887 <br />Total Estimated Annual Property Tax Allocation to the City of Santa <br />Ana <br />$1,145,887 <br />Annual Combined Property Transfer Tax and Property Tax Allocation <br />to the City of Santa Ana <br />$1,171,987 <br />*Discounted 5%to account for Assessed versus Market Value <br />**Tax Rate Area 11-019 <br />***Tax ratio is based on per capita estimated 2018-18 Santa Ana Budget Property Tax In Lieu of VLF revenues <br />Source: Orange County Tax Assessor, Costar, BLS, California DOF, AECOM <br />75C-663 <br />