Fiscal Impact Analysis. Prior to October 1, 2014, Developer shall prepare an analysis of the fiscal impact of the proposed project on the City and Agency illustrating projected fee revenues.
Fiscal Impact Analysis. Analyze fiscal impact of proposed revisions to the Project including:
Fiscal Impact Analysis. RECEIVE and FILE the Fiscal Impact Analysis (provided as Attachment 12) for the Xxxxxxx Hills project area.
Fiscal Impact Analysis. In support of the EDIA and DA proposal, BMR has provided a spreadsheet which includes a Fiscal Impact of Project Detailed Analysis. The analysis shows potential income by year for Phase I and II, for the 16 year term of the Illumina lease and for two 5 year extensions through year 26. Based on these projections, the reimbursements to Illumina would end in year 5. During the 16 year term of the Illumina lease, BMR estimates that Phase I would generate approximately $27 million in revenue and combined Phases I and II would generate $50 million. These assumptions are based on Phase II being occupied in year two. While BMR considers this a likely scenario, Illumina has not committed to construction of Phase II. BMR also projects the Net Fiscal Revenues during the initial 16 year lease term with Illumina (net of General Fund expenditures, to total $31.6 million. These estimates are based on expenditure suppositions developed by the applicant and not the City.
Fiscal Impact Analysis. The Railyards Specific Plan Fiscal Impact Analysis dated November, 2007 that addresses the Project’s Public Service costs and the estimated Project revenues, which was relied upon in development of the Funding Agreement Business Terms, as accepted by the City Council, as more particularly described in Exhibit O. Railyards Development Agreement Revision Date: 12-05-07
