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(;ONFIT)ENTLiL & 1'R1ti~1LT'CEI) <br />Vi'ORTi PRUDL'CT <br />Regency Centers -Pleasanton <br />Fiscal Analysis Memo <br />October 8, 2007 <br />Page 5 of 17 <br />Exhibit 1: Estimated Net Fiscal Impact to City of Pleasanton <br />Revenues <br />Sales Tax $ 678,000 <br />Business License Tax $ 22,120 <br />Property Tax $ 125,100 <br />Total Revenues $ 825,220 <br />Expenditures <br />• Method 1-Cost Per Sq. Foot of New Retail <br />$1 per SF New Retail $ (193,481) <br />($1 X $193, 481 SF) <br />• Method 2 -Increase in City Services <br />Increase of FT Equivalent Employees 50% <br />FT Equiv Employee Annual Pay $ (150,000) <br />Annual Base Cost Increase $ (75,000) <br />Add: Overhead/Indirect Cost $ (40,000) <br />$ (115,000) <br />Method 1 Method 2 <br />NET FISCAL IMPACT $ 631,739 $ 710,220 <br />Finding #4: Local Economic Benefits (IMPLAN-based model) <br />The City's Analysis did not consider the Project's benefits for the local and <br />regional economy due primarily to lack of access to the proprietary economic <br />impact model ("IMPLAN") Consultant utilized. In addition to benefiting the <br />City's General Fund, the Project will generate construction-related benefits to the <br />local Alameda County economy. Kosmont's Analysis projects that construction of <br />the Project will generate a total of $81.65 million in total industry output and <br />approximately 632 jobsl through direct, indirect and induced economic activity. <br />Exhibit 2: Summary of Project Impacts to the Local Economy <br />Component Jobs Econ Output (in $millions) <br />Direct 367.10 $48.10 <br />Indirect 92.30 $11.96 <br />Induced 163.30 $21.59 <br />Total 631.70 $81.65 <br />Source: IMPLAN Professional Input/Output Model <br />~ Full-time equivalent, one-year jobs. <br /> <br />"Chin arpayen b ~ itlualratiw Weposes and n rqt a gwra+tle o/ aGUal anNOr tuMa rosWp. ProjaU pro lixma aM tax amiyeaa aro <br />propetidro Doty. HctuY rsaam may dinar matenwy from dW» ariprossaA n tltia anafysu. ',. <br />kOSrnO, ,85fS1vannrcaeNd. suna5,1 Encw caa'foma 91a3s p~~1D.891.C4N +ax818.98,.899f1 www.roamontcom <br />