EPD SOLUTIONS, INC. (ENVIRONMENTAL PLANNING DEVELOPMENT SOLUTIONS, INC.) (2)

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Proposal for CEQA Peer Review April 2024 Page 14 Task 3.1- Background Project and Fiscal Research This task involves identifying selected fiscal parameters relevant to the Project, updating project land use and public infrastructure data, and obtaining material required for the fiscal analysis from the City, such as the current City budget. Specifically, DT A would conduct the following activities: • Identify existing land use designations and proposed land uses by land use type;' • Specify projected market prices and/or project the valuation for each product type (DTA will formulate reasonable market price assumptions if the data is unavailable);' • Detail any unique new public improvements associated with the existing land use designations, including major backbone roads, storm drains, streetlights, park acreage, landscaped areas, natural open space, recreational activity areas, water quality basins, etc., that are to be maintained by the City;' • Determine demographic characteristics by land use type, including persons per household or employees per thousand square feet; and • Specify Assessor Parcel Numbers ("APNs") and determine the total average property tax rate for each Tax Rate Area ("TRA") currently included within the Project, obtain breakdowns of average general levy tax allocation factors from the Orange County ("County") Auditor -Controller for each TRA, and determine the various public agencies currently providing services to the Project. Task 3.2- City General Fund Cost Analysis DTA will primarily employ the Per Capita/Employee Multiplier Approach for calculating recurring City General Fund costs associated with the project. This task includes the analysis of the City's current operating budget and relevant City studies or reports (if applicable) to assess the expected project -related City General Fund costs at build -out. If applicable, DTA will employ the Case Study Approach to estimate annual recurring City General Fund costs to provide maintenance for new City public improvements constructed in connection with the project. If the Case Study Approach is required for recurring police and/or fire protection service costs associated with the project, such task(s) will be considered Additional Work requiring a contract amendment. Task 3.3-City General Fund Revenue Analysis Under this task, DTA will generally employ the Case Study Method to estimate annual recurring City General Fund revenues provided by the project, such as sales taxes, property taxes, utility users taxes, and investment income. OTA will calculate property taxes based on the TRAs in which the project is located. Where applicable, DTA will employ the Per Capita/Employee Multiplier Method for calculating other recurring City General Fund revenues, such as fines and forfeitures, State subventions, and other miscellaneous revenue sources. This task will involve an analysis of the City's current operating budget for applicable revenue categories. Task 3.3 - Net FIA Based on the information obtained under Task 3.1 and analysis of expected project costs and revenues under Tasks 3.2 and 3.3, respectively, DTA shall determine the fiscal balance of the project (i.e., an analysis of whether the project is expected to generate an annual surplus or deficit for the City General Fund at build -out), with a printout of the fiscal model provided as the deliverable. Task 3.5 - Prepare Handout For FIA's Conclusions DTA shall prepare a summary of the FIA's conclusions in the form of a handout suitable for suitable for submittal to and review by the City. Should a full report be requested by the City, if needed Task b shall apply. 1 To be provided by City or Applicant