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Table 5 Love's Travel Stops and Country Stores DEIR Alternatives Analysis Estimated Annual Property Tax Revenues(2012$) Assumptions) Annual Fiscal Item Source Formula Impact at Buildout Assessed Value of Project Land[1] a $1,318,507 Improvements[2] b $7,142,000 Total Assessed Value of Project c=a*b $8,460,507 Property Tax Revenue(1%of Assessed Value) 1.00% d=c'1,00% $84,605 Estimated Property Tax Allocation[3] County General Fund 13.89% e=d•faae% $11,751 Other Taxing EntitieslERAF 86.11% f=d'9s.11% $72,854 Property Tax In-Lieu of Motor Vehicle In-Lieu Fee Revenue(VLF) Total Countywide Assessed Value[4] g $51,812,572,501 Buildout Assessed Value[11 6=f+g $8,460,507 Total Assessed Value 1=9+h $51,821,033,008 Percent Change in AV ]=h/g 0.02% Property Tax In-Lieu of VLF [5] $60,985,000 /=1-$60,985,000 $9,958 prep_rax Source:Love's Travel Stops and Country Stores;ParcelQuest;San Joaquin County Auditor-Controller;EPS. [1] Based on the current assessed value for the following Project Assessor Parcel Numbers:025-190-32,-33,and-34. [2] Based on the estimated Project construction cost estimate,provided by Love's Travel Stops and Country Stores. [3] County General Fund and other taxing entities/Educational Revenue Augmentation Fund(ERAF)allocations of the 1% property tax rate obtained from the San Joaquin County Auditor-Controller. The allocations reflect an average of the allocations associated with each Tax Rate Area(TRA)comprising the Project;99-218;99-221 and 99-034. An approximately equal portion of each TRA covers the Project site. [4] Reflects Assessed Valuation In the County(both incorporated and unincorporated areas)for FY 2012-13. Includes Countywide secured,unsecured,homeowner exemption,and public utility roll. [5] Property tax in4ieu of VLF amount derived from the San Joaquin County FY 2012-13 Adopted Budget Pn,pevdby EPS 1/2a2013 EXHIBIT 1