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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 % Taxable % Net New <br />Taxable Sales <br />Anchor Tenants t'I <br />300,000 SF <br />$400 <br />95% 54% <br />$61,600,000 <br />Retail shops / restaurants <br />87,000 SF <br />$400 <br />90% 90% <br />$28,200,000 <br />Total <br />387,000 SF <br />$89,800,000 <br />Annual General Fund Sales Tax @ 1% <br />$898,000 <br />PROPERTY TAX <br />Estimated Assessed Valuation <br />387,000 SF <br />$150 <br />AV PSF 12) <br />$58,000,000 <br />Property Tax <br />13% <br />City share of 1% tax <br />$74,000 <br />PROPERTY TAX IN -LIEU OF VLF <br />$0.602 <br />per $1,000 in AV (3) <br />$35,000 <br />UTILITY USER TAX <br />Estimated Utility Expense (4) <br />Gas <br />387,000 SF <br />$0.25 <br />annual expense PSF <br />$97,000 <br />Electric <br />387,000 SF <br />$1.19 <br />annual expense PSF <br />$461,000 <br />$558,000 <br />Estimated Utility User Tax <br />3% <br />of utility expense (5) <br />$17,000 <br />BUSINESS LICENSE TAX <br />968 employees <br />$33.40 <br />/employee <br />$32,000 <br />EMERGENCY COMMUNICATION SYSTEM ACESS TAX <br />350lines6 <br />$2.07 /line/mo <br />$9,000 <br />FRANCHISE FEES <br />319 resident equivalents <br />$45.33 <br />/resident equivalent (3) <br />$14,000 <br />FINES AND FORFEITURES <br />319 resident equivalents <br />$16.78 <br />/resident equivalent (3) <br />$5,000 <br />TOTAL MAJOR GENERAL FUND REVENUE SOURCES $1,084,000 <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 />(6) Estimated number of phone lines, provided by City staff <br />PREPARED BY: KEYSER MARSTON ASSOCIATES, INC. <br />\\Sf-fs1 \wp\19\19096\19096.036\san leandro fiscal 04.27.10.x1s; C-3 retail rev; 4/28/2010; dd <br />