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Table 2 provides general formulas for determining a development's fiscal impact on the <br />City's annual revenues and expenditures: <br />Rwenua <br />Property Tax <br />Salsa Taz <br />Total Annual Revenues <br />F.xpendkura <br />Total Annual Expsndituros <br />Net Additlonal Rwenua <br />Maximum Reduction <br />Minimum Reduction <br />Multlfamity Slnple Famly Hlihidra Homes <br />Z 128,018.00 Z 898,978.00 S 1,934,484.00 <br />f 130990» S 198.488.09 Z 209.RAR.1g <br />3 259,008.72 Z 893,482.08 Z 2,144,049,15 <br />s sao,o49.1a <br />240,049.16 <br />Based on the analysis in Table 3, the reduction in annual net revenues from relocating <br />224 homes from the hillside to other areas of the City rangy finm 5183,000 per year <br />(based on 100°/. of the homes being multifamily) to S 131,000 (based on 100% of the <br />homes being single family). <br />29 <br />Table 3 pn:sents the annual operating revenues and expenditures based on the three types <br />of housing units, assuming approximately 224 homes are relocated from the hillside to <br />other areas of the City: <br />