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i Environmental Impact Report Alternatives Assessment for the proposed Lod, California,Love's Travel Stops Project Memorandum January 28,2013 generate $8.7 million and about 55 jobs in the local economy over the duration of the construction period. Revenue Impacts Table 4 summarizes the estimated property and sales tax revenue generated by the proposed Project at buildout. As shown, the proposed Project is estimated to generate approximately $122,000 in property tax revenues (including PTIL VLF and PTIL ST), and about$299,000 in sales tax revenues for a total of$421,000 annually for the County's General Fund. A detailed description of each revenue source is provided below. Property Tax Revenues Based on a total assessed value of approximately$8.5 million, it is estimated that the Project, at buildout, will generate about$85,000 in property tax revenues annually. Of this amount, the County General Fund would receive about $12,000 annually. Other taxing entitles (e.g., school districts, fire district, or road district) and the Educational Revenue Augmentation Fund (ERAF) would receive approximately $73,000 annually in aggregate. These allocations reflect an average of the allocations associated with each Tax Rate Area (TRA) comprising the Project: 99- 218, 99-221, and 99-034. Refer to Table 5 for the estimation of annual property tax revenues generated by the Project at buildout. Property Tax in Lieu of VLF This analysis uses a formula provided by the California State Controller's Office to forecast PTIL VLF, which is calculated by taking the percentage increase of the County's assessed value resulting from the Project and applying that percentage share to the County's current State allocation of PTIL VLF. `his calculation, estimated to equal approximately $10,000 annually at Project buildout, is shown in Table 5. Sales Tax Revenues Love's estimated that the proposed Project, at buildout, would generate approximately $39.9 million in annual taxable sales revenues. These revenues comprise taxable sales from the following services: gasoline and diesel sales; convenience store sales; fast-food restaurant sales; and, tire care sales.10 Based on $39.9 million In annual taxable sales, the Project is estimated to generate about$299,000 in annual sales tax revenue for the County as shown in Table 6. Property Tax in Lieu of Sales Tax This analysis also estimates the Project, at buildout, will generate approximately $100,000 in annual PTIL ST, as shown in Table 6. 10 Excludes taxable expenditures of Project employees; assumes these expenditures are captured in on-site commercial sales or taxable sales at other commercial establishments in the County. Economic 6 Planning Systems,Inc. 8 P 1122000\11151 Love a Tmd SWW�for Wnn m101-28-13.Oz EXHIBIT I