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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
<br />$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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