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Section 3. <br /> Economic Impact on the City of Santa Ana <br /> of the Proposed 1993-98 <br /> Municipal Solid Waste Collection and Recycling Contract <br /> With Great Western Reclamation <br /> The 1992 economic impact detailed in Section 2. forms the basis to project the total <br /> economic impact of the proposed Contract with the City for the years 1993-98. The <br /> researchers assume zero growth in the City's economy, leading to a stable number of <br /> residential and non-residential customers to be served by the Company. Therefore, the <br /> economic impact over the period of the proposed Contract will be same in real terms as in <br /> 1992.There is no doubt that since some growth is likely,that the projected economic impact <br /> will underestimate the true impact on the City. <br /> Projected Total Multiplied Economic Impact 7/93 - 6/98 <br /> The estimated multiplied total economic impact of the current Contract in 1992 <br /> amounts to $4,249,956as shown in Table 3. The economic impact on the City is projected <br /> for subsequent years by compounding the 1992 impact by the forecasted local inflation rate. <br /> It should be noted that half the yearly impact is included for the years 1993 and 1998. We <br /> conclude, as shown in Table 7., that a projected $24,793,854 increase in income will be <br /> generated in the City due to the proposed Contract with the Company over the five year <br /> period. The above total economic impact is the summation of nominal impacts over the <br /> years rather than a projection expressed in real terms. <br /> 13 <br />