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DBA No. 2020-01/SPR No. 2020-01/SPR No Third & Broadway Mixed -Use Development September 28, 2020 Page 12 2020-02NAR No. 2020-05/TPM No. 2020-02 aesthetics; air quality; biological resources; cultural resources; hazards and hazardous materials; hydrology and water quality; land use; noise; population, housing, and employment; public services; transportation and traffic; utilities and service systems; and climate change. A mitigation monitoring and reporting program, findings of fact, and a statement of overriding consideration were adopted with the 2010 EIR. 2020 Third and Broadway Addendum The Addendum focuses on the potential environmental impacts associated with the project, including the density bonus application and associated concessions and waivers, site plan review applications, variance, tentative parcel map and disposition and development agreement that might cause a change in the conclusions of the certified 2010 EIR, including changes in circumstances or new information of substantial importance that would substantially change those conclusions. The proposed development required preparation of studies relating to shade and shadow, air quality and greenhouse gas emissions, traffic, parking, noise and vibration, Phase I environmental site assessment, hydrology, a preliminary water quality management plan, and sewer capacity (Attachments to the 2020 Addendum). All studies evaluate the proposed project as compared to the existing entitlements and were reviewed for content and accuracy by the City. In addition, the project is within a Transit Priority Area. Under Senate Bill 743, aesthetic and parking impacts cannot be considered a significant impact within a Transit Priority Area. The addendum concludes no new or substantially greater impacts would occur with implementation of the proposed development when compared to those identified in the 2010 EIR and finds that no supplemental or subsequent EIR is required for the proposed development. Therefore, the 2010 EIR's MMRP will continue to mitigate or lessen any impacts already identified by the TZC's original 2010 EIR. Economic Development The Community Development Agency in coordination with Kosmont Companies estimates approximately 510 local construction jobs and $53,000,000 in local labor income will be generated in the short-term, and $737,000 in annual general fund revenue will be generated for the long-term. Table 7: Estimated General Fund Revenue from Proposed Project Summary of Annual Estimated Revenue from Project Property Tax Secured & Unsecured) $210,000 Property Tax In -Lieu of VLF $130,000 Sales & Use Tax On-Site/Direct $57,000 Sales & Use Tax Off-Site/Indirect $25,000 Transient Occupanc Tax $90 RevPar $270,000 Utility User Tax & Other Tax $45,000 Annual General Fund Revenues (ROUNDED): $737,000 75A-54