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Kaiser Fiscal Impact and Development Agreement 2 <br />Recurring General Fund Revenues — Kaiser Medical Center Phase I <br />Sales and Use Tax <br />$60,000 <br />Property Tax in Lieu of VLF <br />$0 <br />Utility Users Tax <br />$91,000 <br />Property Tax <br />$0 <br />Business License Tax <br />$45,000 <br />Franchise Fees <br />$35,000 <br />Property Transfer Tax <br />$0 <br />Fines and Forfeitures <br />$13,000 <br />Total Recurring Revenues <br />$244,000 <br />(Less) Existing Property Tax from the Site <br />$(114,000) <br />Net New Revenue from Project <br />$130,000 <br />Recurring General Fund Expenditures — Kaiser Medical Center Phase I <br />Police <br />$242,000 <br />Fire Services Contract <br />$163,000 <br />Public Works <br />$122,000 <br />General Government <br />$12,000 <br />Organizational Services <br />$10,000 <br />Community Development <br />$5,000 <br />Engineering & Transportation <br />$5,000 <br />Total Recurring Expenditures <br />$559,000 <br />April 5, 2010 <br />Although the Medical Center is projected to have a negative fiscal impact on the General Fund, <br />the proposed adjacent retail development would generate both property tax and sales tax revenue <br />for the City and would result in a positive fiscal impact of roughly $894,000 annually. Once both <br />components of the project are completed, therefore, the combined fiscal impact would be a <br />positive impact of $465,000 per year. <br />Summary of Fiscal Impacts — Kaiser Medical Center Phase 1 plus Retail <br />Net Annual Revenue from Phase 1 of the Medical Center $(429,000) <br />Net Annual Revenue from the Retail Development $894,000 <br />Combined Annual Fiscal Impact from the Project $465,000 <br />Although Kaiser intends to construct a second phase of the Medical Center in the future, the <br />fiscal impacts of that component were not studied in detail. The fact that Phase 2 will be <br />constructed many years in the future makes accurate analysis very difficult. <br />