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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 />erry Beaudin <br />Director of Community <br />Development <br />Approve,Q by: <br />Nelson Fialho <br />City Manager <br />Attachments: <br />Tina Olson <br />Director of Finance <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 />