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Table 7 <br />GENERAL FUND REVENUES GENERATED BY CONSTRUCTION (ONE-TIME) <br />FISCAL IMPACT ANALYSIS <br />PROPOSED KAISER PERMANENTE MEDICAL CENTER <br />CITY OF SAN LEANDRO, CA WORKING DRAFT 3/5/2010 <br />BUSINESS LICENSE (for contractors) <br />Estimated Hard Construction Cost t'I <br />Estimated Direct Payroll Cost <br />Employment (person years) <br />Business License Fee <br />CONSTRUCTION SALES TAX <br />Estimated Material Costs <br />San Leandro as point of Sale or Use <br />Sales Tax <br />TOTAL GENERAL FUND REVENUES GENERATED BY <br />CONSTRUCTION (ONE-TIME) <br />TOTAL <br />$525,000,000 <br />30% of hard cost (2) $158,000,000 <br />$58,000 /avg wage (3) 2,700 <br />$66.40 /employee $180,000 <br />40% hard cost (2) $210,000,000 <br />50% of sales (4) $105,000,000 <br />1% City share $1,050,000 <br />$1,230,000 <br />Notes: <br />(1) Phase I based on estimated hard cost of construction provided by Kaiser for Phase I of $500 to $550 million. Phase II estimated assuming <br />same cost per square foot as phase I. Medical Office building based on Marshall and Swift. <br />(2) Derived from 2002 Economic Census data for commercial and institutional building construction. <br />(3) Average wage as of 1st Quarter 2009 for construction occupations in Alameda County per the California Employment Development Department. <br />(4) Based on the assumption that as a condition of a Development Agreement for the Project, construction contractors would be required to obtain <br />a sub -permit for the job site that would identify San Leandro as the point of sale or use for materials. 50% of sales still assumed to accrue to <br />other jurisdictions. <br />PREPARED BY: KEYSER MARSTON ASSOCIATES, INC. <br />\\Sf-fs1\wp\19\19096\19096.036\san leandro fiscal 03 05 10.xis; 7const. revenues; 3/5/2010; dd <br />