Laserfiche WebLink
Table 6 <br /> Love's Travel Stops and Country Stores <br /> DEIR Alternatives Analysis <br /> Estimated Annual Taxable Sales and Use Tax Revenue(2012$) <br /> Source/ Annual Revenue <br /> Item Formula Assumptions at Buildout <br /> Annual Taxable Sales at Project Buildout[1] $36,000,000 <br /> Gasoline and Diesel Sales a <br /> Convenience Store Sales b $2,100,000 <br /> Restaurant Sales 0 $1,400,000 <br /> Tire Care Sales d $350,000 <br /> Total Annual Taxable Sales at Project Buildout e=a+b+c+d $39,850,000 <br /> Annual Sales Tax Revenue <br /> Bradley Bums Sales Tax Rate 1.0000% <br /> Less Property Tax in Lieu of Sales Tax Rate [2] (0.2500%0.7500°/) <br /> Total Bradley Burns Sales Tax Revenue - $298 875 <br /> Total Annual Sales Tax Revenue t=c•0.75% <br /> Annual Property Tax in Lieu of Sales Tax Revenue[2] g=e•.25/° 0.2500% $99,625 <br /> sales-tax <br /> Source: Love's Travel Stops and Country Stores; EPS. <br /> [1] Conservative annual taxable sales estimates at Project buildout provided by Love's Travel Stops and Country Stares. Excludes taxable <br /> expenditures of Project employees; assumes that these expenditures are captured in on-site commercial sales or taxable sales at other <br /> commercial establishments in the County. <br /> [2] Based on Senate Bill 1096 as amended by Assembly Bill 2115,which states 1/4 of the 1 percent sales tax revenue(.2500 percent) <br /> will be exchanged for an equal dollar amount of property tax revenue. <br /> Prepared by EPS 1/28/2013 ""J00°'"a'°" <br /> .,,,,,.,,,,.m. <br /> EXHIBIT 1 <br />