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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 <br />Sales Tax <br />Total Annual Revenues <br />$ 68, 008.50 <br />$ 69.588.82 <br />$ 137,597.32 <br />$ 370,268.50 <br />_$ 104,383.23 <br />$ 474,651.73 <br />$ 1,027,684.00 <br />$ 111,342.11 <br />$ 1,139,026.11 <br />Expenditures <br />Total Annual Expenditures <br />Net Additional Revenues <br />Maximum Reduction <br />Minimum Reduction <br />$ 107.100.00 $ 416.500.00 $ 1, 011, 500.00 <br />$ 30,497.32 $ 58,151.73 $ 127,526.11 <br />$ 127,526.11 <br />$ 30,497.32 <br />$ 97,028.79 <br />$ <br />$ 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 />