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Richard M. Gollis, Principal THE CONCORD GROUP June 3, 2020 Page 9 Table 5 showcases the Utility User Tax at buildout below. Table 5 UTILITY USER TAX REVENUE 4th and Mortimer Energy Expenditures per Household $ 2,890 Occupied Households 153 Total Residential Energy Expenses $ 441,083 Total Commercial Energy Expenses' $ 67,443 City Tax Rate 5.5% Full -Year Buildout Revenues $ 27,969 Partial -Year Buildout Revenues $ 24,333 Sources: US Energy Information Administration, RSG, Inc., ESRI BAO 'EIA estimates of $1.40 per SF for Retail and $4.44 for restaurant Sales Taxes The Project is expected to increase sales taxes through both the new businesses and new residents. The methodology and assumptions for both differ but are necessary for accuracy. Resident -Derived Sales Tax To determine the resident share, RSG obtained average annual household expenditures for households within a 1-mile radius of the Project from ESRI Business Analyst. By adjusting the household expenditures based on taxable and non-taxable sales, RSG estimates that each household would spend an average of $17,836 at buildout. Based on experience with previous projects in the City, an estimated 65 percent of those expenditures would be subject to Santa Ana's sales tax. The State and County sales tax receive 6 percent and 0.75 percent of taxable sales, respectively. In addition, the City levies its own sales tax at a rate of 1 percent. In 2018, Santa Ana voters approved an additional sales tax of 1.5 percent that would then decrease to 1 percent in 2029 until expiring in 2039. RSG took this increase into consideration when analyzing the affects the new residents would have on the City's General Fund. Using ESRI's Business Analyst Online software, expenditures the average new household wou vacancy rate from Census data, 2.7 percent, t Multiplying the households and the expenditure sales of $1.9 million. From there, the taxable s rate and the Measure X additional rates (1 percent and derived sales tax revenue from the base tax rate is o s RSG was able to estimate the amount of taxable Id make in the City. RSG then estimated the come up with 165 total occupied households. together produced an estimate of total taxable ales were multiplied by both the City's base tax 1.5 percent). Therefore, the residential an estimated $17,697 at buildout. The 75C-453