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Table 4 presents the annual operating revenues and expenditures based on the three types <br />of housing units, assuming approximately 119 homes are relocated to other areas of the <br />City: <br />Table 4 <br />Based on 119 Homes bein relocated to other areas of the Cit <br />Multifamily Single Family Hillside Homes <br />Revenues <br />Property Tax $ 68,008.50 $ 370,268.50 $ 1,027,684.00 <br />Sales Tax $ 69.588.82 $ 104,383.23 $ 111.342.11 <br />Total Annual Revenues $ 137,597.32 $ 474,651.73 $ 1,139,026.11 <br />Expenditures <br />Total Annual Expenditures $ 107,100.00 $ 416,500.00 $ 1.011,500.00 <br />Net Additional Revenues $ 30,497.32 $ 58,151.73 $ 127,526.11 <br />Maximum Reduction $ 127,526.11 <br />$ 30,497.32 <br />$ 97,028.79 <br />Minimum Reduction $ 127,526.11 <br />$ 58,151.73 <br />$ 69,374.38 <br />Based on the analysis in Table 4, the reduction in annual net revenues from relocating <br />119 homes from the hillside to other areas of the City ranges from $97,000 per year <br />(based on 100% of the homes being multifamily) to $69,000 (based on 100% of the <br />homes being single family). <br />In conclusion, the range in the reduction of net operating revenues to the City based on <br />the relocation of 119 to 224 homes from the hillside to other areas of the City is $69,000 <br />to $183,000 per year. <br />30 <br />