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(PUSD) and approximately $30,440 in annual revenue to the community college district. <br /> The JDEDZ would also generate one-time supplemental taxes of approximately $42,725 to <br /> PUSD and $4,690 to other schools. <br /> POLICY DIRECTION QUESTIONS <br /> Staff is seeking Council direction on the following: <br /> POLICY QUESTION #1: If the JDEDZ is adopted, could the City allow hotels (up to <br /> 231 rooms) to operate within the JDEDZ prior to the construction of all <br /> transportation network improvements? OR If the JDEDZ is adopted, should ALL new <br /> uses within the JDEDZ wait until completion of all transportation network <br /> improvements prior to the City granting occupancy? <br /> POLICY QUESTION #2: What is Council's preferred financing option at this time for <br /> the cost of the necessary transportation improvements? <br /> Jointly Submitted by: <br /> - <br /> 1% <br /> / I <br /> erry Beaudin Tina Olson <br /> Director of Community Director of Finance <br /> Development <br /> Approve by: <br /> Nelson Fialho <br /> City Manager <br /> Attachments: <br /> 1. Cost Estimates for Traffic and Transportation Mitigation Measures <br /> 2. Annual Net Fiscal Impact Analysis of the JDEDZ <br /> 3. Costco sales tax sharing agreement with the City <br /> 4. Estimated additional next tax revenues to be generated by the JDEDZ <br /> 5. Draft Term Sheet for Johnson Drive Economic Development Zone (JDEDZ) <br /> Transportation Improvements —Financing and Project Implementation <br /> Page 16 of 16 <br />