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Appendix Table C - 3 <br />GENERAL FUND REVENUES - RETAIL PROJECT ON NORTHERN COMPONENT OF SITE <br />FISCAL IMPACT ANALYSIS <br />PROPOSED KAISER PERMANENTE MEDICAL CENTER <br />CITY OF SAN LEANDRO, CA <br />SALES TAX (with hypothetical tenant mix) <br />Sales PSF <br />% Taxable % Net New <br />Anchor Tenants (1) <br />300,000 SF <br />$400 <br />95% 54% <br />Retail shops / restaurants <br />87,000 SF <br />$400 <br />90% 90% <br />Total <br />387,000 SF <br />Annual General Fund Sales Tax @ 1% <br />PROPERTY TAX <br />Estimated Assessed Valuation <br />387,000 SF <br />$150 <br />AV PSF Iz) <br />Property Tax <br />13% <br />City share of 1 % tax <br />PROPERTY TAX IN -LIEU OF VLF <br />$0.602 <br />per $1,000 in AV (3) <br />UTILITY USER TAX <br />Estimated Utility Expense (4) <br />Gas 387,000 SF $0.25 annual expense PSF <br />Electric 387,000 SF $1.19 annual expense PSF <br />Estimated Utility User Tax 3% of utility expense (5) <br />BUSINESS LICENSE TAX 968 employees $33.40 /employee <br />FRANCHISE FEES 319 resident equivalents $45.33 /resident equivalent (3) <br />FINES AND FORFEITURES 319 resident equivalents $16.78 /resident equivalent (3) <br />WORKING DRAFT 3/5/2010 <br />Taxable Sales <br />$61,600,000 <br />$28,200,000 <br />$89,800,000 <br />$898,000 <br />$58,000,000 <br />$74,000 <br />$35,000 <br />$97,000 <br />$461,000 <br />$558,000 <br />$17,000 <br />$32,000 <br />$14,000 <br />$5,000 <br />TOTAL MAJOR GENERAL FUND REVENUE SOURCES $1,075,000 <br />Notes: <br />(1) Anchors assumed for general merchandise, home improvement, and home electronics categories. To be conservative, one of three anchors assumed to be a transfer of <br />an existing retailer already located in San Leandro. <br />(2) Based on Marshall and Swift Valuation Service. Excludes land value already on tax rolls. <br />�3) See Table 5 - A <br />(4) Based on U.S. Department of Energy 2003 Energy Consumption Survey. Conservatively excludes phone, cable, satellite TV. . <br />(5) Reflects large user rebate on utility user tax. <br />PREPARED BY: KEYSER MARSTON ASSOCIATES, INC. <br />\\Sf-fs1\wp\19\19096\19096.036\san leandro fiscal 03 05 10.xls; C-3 retail rev; 3/5/2010; dd <br />