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local inflation rate. It should be noted that half the yearly impact is included for the year <br /> 1998. We conclude, as shown in Table 10.,that a projected $17,519,349 increase in income <br /> will be generated in the City due to the MRF Project over a four and a half year period. <br /> The above total economic impact is the summation of nominal impacts over the years rather <br /> than a projection expressed in real terms. <br /> Table 10. Proposed MRF Project - Projected Economic Impact of Job Creation 1994 - 98 <br /> Local <br /> Consumer Local Projected <br /> Price Index Inflation Annual <br /> (1982-84 = 100) Rate Impact <br /> 1994 158.8f 4.7 $3,574,760 <br /> 1995 167.2f 5.3 3,764,222 <br /> 1996 175.6f 5.0 3,952,433 <br /> 1997 182.1f 3.7 4,098,673 <br /> 1/98-6/98 189.2f 3.9 2.129.261 <br /> Total $17,519,349 <br /> f=forecast <br /> Economic Impact of Construction of the Proposed MRF Project - 1994 <br /> Great Western Reclamation estimates that the construction cost of the MRF Project <br /> will amount to $4,300,000. It is not know, however, what percent of the construction costs <br /> will be paid in the form of wages and salaries, and what percent of these wages and salaries <br /> will be paid to construction workers who reside in Santa Ana. Hence, it is difficult to <br /> 19 <br />