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ATTACHMENT 4
<br /> Attachment 4
<br /> Total Expected Net Tax Revenues to the City from EDZ
<br /> Source: Johnson Drive EDZ Economic Impact Analysis, March 2016,ALH ECON
<br /> Assumptions:
<br /> (1)Tax revenues include Sales Tax, Property Tax,Transient Occupancy Tax&Vehicle In-lieu
<br /> (2)Sales Tax Proceeds Reduced by Payment to Costco.
<br /> (3)231 Hotel Rooms
<br /> (4)3%Annual Increase in Revenues and City Expenditures
<br /> (5)Buildout Occurs in Year 10
<br /> Net Tax Revenues to City
<br /> Phase 1 Only
<br /> Total Net Tax Total Tax
<br /> Year Phase 1 Buildout Revenues Revenues to City
<br /> 1 $1,285,955 $1,285,955 1,335,655
<br /> 2 1,324,534 1,324,534 1,375,724
<br /> 3 1,416,996 1,416,996 1,416,996
<br /> 4 1,459,506 1,459,506 1,459,506
<br /> 5 1,503,291 1,503,291 1,503,291
<br /> 6 1,548,390 1,548,390 1,548,390
<br /> 7 1,594,841 1,594,841 1,594,841
<br /> 8 1,642,687 1,642,687 1,642,687
<br /> 9 1,691,967 1,691,967 1,691,967
<br /> 10 2,837,479 2,837,479 1,742,726
<br /> 11 2,922,603 2,922,603 1,795,008
<br /> 12 3,010,281 3,010,281 1,848,858
<br /> 13 3,100,590 3,100,590 1,904,324
<br /> 14 3,193,608 3,193,608 1,961,454
<br /> 15 3,289,416 3,289,416 2,020,297
<br /> 16 3,404,919 3,404,919 2,080,906
<br /> 17 3,746,903 3,746,903 2,143,333
<br /> 18 4,207,117 4,207,117 2,682,194
<br /> 19 4,333,331 4,333,331 2,904,927
<br /> 20 4,463,330 4,463,330 2,992,074
<br /> 21 4,597,230 4,597,230 3,081,837
<br /> 22 4,735,147 4,735,147 3,174,292
<br /> 23 4,877,202 4,877,202 3,269,520
<br /> 24 5,023,518 5,023,518 3,367,606
<br /> 25 5,174,223 5,174,223 3,468,634
<br /> Total Net
<br /> Revenues $13,468,167 $62,916,898 $76,385,065 $54,007,048
<br /> Add'I City Net Tax Revenues $76,385,065 91%
<br /> Total Sales Tax Sharing Payments to Costco 7,809,502 9%
<br /> Total Tax Revenues $84,194,567 100%
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