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Public Hearing Five-Year Subsidy Report TACenergy <br />March 4, 2025 <br />Page 2 <br />4 <br />8 <br />6 <br />1 <br />The City has prepared the Five-Year Subsidy Report (Exhibit 1) which includes the <br />following key points for TACenergy: <br />•The Agreement term is for twenty-five years (through December 31, 2045); <br />•The City has retained $2,048,530 of total sales tax revenues; <br />•The City has provided TACenergy with $2,048,530 of sales tax rebates; <br />•A total of 20 full time jobs were added in association with the economic subsidy. <br />Economic Development Division staff continue to oversee compliance, ensuring that all <br />requirements are met in accordance with the terms of the agreement. As required by <br />law, a notice of public hearing was published and the Five-Year Economic Development <br />Subsidy report has been posted on the City’s website: https://www.santa- <br />ana.org/subsidy-reports/. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. Five-Year Subsidy Report - TACenergy <br />2. Proof of Publication <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nuñez, City Manager