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Appendix Table B - 5 OPPORTUNITY COST SCENARIO - HYPOTHETICAL OFFICE PROJECT ON SAME SITE FISCAL IMPACT ANALYSIS PROPOSED KAISER PERMANENTE MEDICAL CENTER CITY OF SAN LEANDRO, CA Hypothetical Office Project on Hospital Site Building Area (approx. same as medical center) 38 acres 0.70 FAR 1,160,000 SF Employment 250 SF /Employee 4,640 employees SALES TAX Expenditures by Office Workers Near Work Annual General Fund Sales Tax @ 1% PROPERTY TAX Estimated Assessed Valuation Property Tax PROPERTY TAX IN -LIEU OF VLF UTILITY USER TAX Estimated Utility Expense (4) Gas Electric Estimated Utility User Tax BUSINESS LICENSE TAX $3,800 / worker 50% in San Leandro $8,800,000 $88,000 1,160,000 SF $240 AV PSF (Z) $278,000,000 13% City share of 1 % tax $352,000 $278,000,000 AV $0.602 per $1,000 in AV (3) $167,000 1,160,000 SF $0.27 /SF/Year $313,000 1,160,000 SF $1.40 /SF/Year $1,624,000 $1,937,000 3% of utility expense te) $58,000 4,640 employees $83.10 /employee $386,000 EMERGENCY COMMUNICATION SYSTEM ACESS TAX 4,640 lines6 $2.07 /line/mo $115,000 TOTAL MAJOR GENERAL FUND REVENUE SOURCES WITH OFFICE $1,166,000 Notes: (') Estimated annual spending near work based on 2003 International Council of Shopping Centers survey adjusted to 2009 dollars at CPI. (2) Based on Marshall and Swift Valuation Service. Excludes land value already on tax rolls. (3) See Table 5 - A (4) Based on U.S. Department of Energy 2003 Energy Consumption Survey. Conservatively excludes phone, cable, satellite TV. (5) Reflects large user rebate on utility user tax. Based on U.S. Department of Energy 2003 Energy Consumption Survey. Conservatively excludes phone, cable, etc. leJ Estimated number of phone lines, reflecting one line per employee PREPARED BY: KEYSER MARSTON ASSOCIATES, INC. \\Sf-fs1 \wp\19\19096\19096.036\san leandro fiscal 04.27.10.x1s; b-5 office; 4/28/2010; dd