Laserfiche WebLink
Richard M. Gollis, Principal <br />THE CONCORD GROUP <br />June 3, 2020 <br />Page 16 <br />• All other businesses, including Professions, Trades and Services shall pay an amount <br />equal to their annual business license fee. <br />Based on the City's business license fee schedules, the BID fees for the residential component <br />is estimated to be $2,282. The BID fees for the retail and restaurant spaces combined is estimated <br />to be $3,143 annually. While these funds do not directly benefit the general fund, they will increase <br />funding going towards these downtown events and promotions, which does ultimately help the <br />City. <br />Table 11 <br />BUSINESS IMPROVEMENT DISTRICT FEES <br />4th and Mortimer <br />Residential Fee $ 2,282 <br />Retail and Restaurant Fee 3,143 <br />Total $ 5,424 <br />2020 Total BID Estimates $ 200,000 <br />Added by Project 5,424 <br />% Added 2.7% <br />Total BID Revenues $ 205,424 <br />Source: Santa Ana Business License Tax Fee Schedules, BID 2020 Assessment Report <br />In closing, it is our privilege to assist The Concord Group and your client Red Oak Investments <br />with predevelopment activities on this project. Please let us know if you have any questions or <br />comments pertaining to the findings of this report. <br />Sincerely, <br />9L� - <br />James Simon, Principal <br />75C-460 <br />