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Agenda - City of Santa Monica

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To: Steve Mizokami, <strong>City</strong> <strong>of</strong> <strong>Santa</strong> <strong>Monica</strong> April 23, 2013<br />

Subject: 1320 2 nd Street: Value Enhancement & Fiscal Impact Analysis Page 16<br />

Fiscal Impact Analysis Findings<br />

The General Fund revenue and expense analyses for the two alternatives are presented<br />

in Appendices C and D. The results are summarized in the following table:<br />

Proposed<br />

Project<br />

Planning<br />

Commission<br />

Recommendation<br />

Estimated General Fund Revenues $95,500 $95,200<br />

Estimated General Fund Expense $94,600 $94,600<br />

Net Annual General Fund Benefit $900 $600<br />

Based on the results <strong>of</strong> the fiscal impact analysis, KMA estimates that both alternatives<br />

being tested exhibit a net annual fiscal benefit to the <strong>City</strong>’s General Fund. However,<br />

given that the alternatives are projected to generate only a slightly positive fiscal impact,<br />

any change in the assumptions could shift the balance.<br />

1210011_v4;SM:TRB<br />

19305.013.001

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