Loading...
HomeMy WebLinkAboutIRVINE COAST FISCAL IMPACT REPORT*NEW FILE* COAST IRVINE 9�: FISCAL IMPACT REPORT IRVINE COAST FISCAL IMPACT REPORT 0 RFr- I FEB 101988 cr S IRVINE COAST FISCAL IMPACT REPORT AND ZONE CHANGE Prepared for: THE IRVINE COMPQiNY November 1980 WILLIAMS-MEBELBECK AND ASSOCIATES, INC. 330 Washington Street, Suite 710 Marina del Rey, California 90291 Telephone (213) 822-0114 I t STUDY PARTICIPANT'S THE IRVINE COMPANY Richard J. Cermack, Manager, Advanced Planning Stephen P. Sandland, Project Manager Commercial/Industrial Division Myron E. Erickson, Program Manager, Engineering Division COUNTY OF ORANGE Anthony Carstens, Principal Analyst Mark Armstrong, Research Analyst WILLIAMS-KUEBELBECK AND ASSOCIATES, LNC. ltan Economic and Financial Consuts Robert J. Gardner, Associate, Project Manager William H. Whitney, Ph.D., Principal Rosalie E. Calderone, Senior Economist Brian M. Tracy, Economist LARRY SEEMfAN ASSOCIATES, INC. William F. Foley, Vice President Carollyn Lobell, Project Manager TABLE OF CONTENTS Page I. INTRODUCTION I-1 A. Overview I-1 B. Objective I-1 C. Methodology I-1 II. SUMMARY OF FINDINGS AND CONCLUSIONS II-1 A. General Find II-1 B. Special Districts II-2 C. Schools II-3 III. THE PROPOSED DEVELOPMENT IND DEVELOPMENT ASSUMPTIONS III-1 A. Description of Proposed Development III-1 B. Constant Dollar Assumption _ III-4 C. Park Program' III-4 D. Road System/Circulation- III-7 E. The Residential Development Program III-8 F. The Commercial Development Program III -is G. Summary III-17 IV. COUNTY GENERAL FUND IV-1 A. General Find Revenues IV-1 B. General Fund Costs N-9 C. Net Fiscal Effect IV-18 V. SPECIAL DISTRICTS AND SCHOOLS V-1 A. Water and Sewer V-1 B. Fire Protection Services V-S Continued ..... TABLE OF CONTENTS (Continued) Page V. SPECIAL DISTRICTS AND SCHOOLS (Continued) C. Orange County Library District V-7 D. County Harbors, Beaches and Parks V-11 E. Orange County Flood Control District V-13 F. School Districts V-14 G. Other Districts V-21 H. Landscaping and Lighting District V-22 I. Irvine Coast Homeowners Association V-23 J. County Service Areas V-23 K. Bonds V-24 APPENDIX A - bERIVAT-M OF PROPERTY --TAX REVENUES A-1 APPENNDIX B - CAO-DERIVED ANLTIPLIERS B-1 :APPENDIX C - CAv4�ENTS ON THE DRAFT IRVINE COAST FISCAL IMPACT REPORT RECEIVED FROM THE COUNTY lUlINISTRATIVE OFFICE AND SPECIAL DISTRICTS C-1 LIST OF TABLES Table No. Page III-1 Proposed Phasing Schedule, Irvine Coast Property, 1982-1997 III-10 III-2 Irvine Coast: Projected Population per Development Period, 1983-1999 III-13 III-3 Summary of Development Assumptions III-18 IV-1 Projected Annual Assessed Value and General Fund Property Tax Revenues, 1982-1999 N-2 IV-2 Projected Annual General Fund Revenues from Transient Occupancy and Sales Taxes, 1983-1999 IV-4 IV-3 General Fund: County -Derived Average Revenue Multiplier, Fiscal Year 1979-1980 IV-6 IV-4 Projected Annual Recurring Revenues Using County - Derived Multipliers, Residential Development Only, 1983-1999 IV-7 =IV-5 _-Ptojected_Annual Recurring Revenues Using County - _Derived Multipliers, Commercial Development Oily, 1983-1999 IV-8 IV-6 Projected Annual General Fund Revenues from All Sources IV-10 IV-7 Projected Annual Road Maintenance. IV-12 IV-8 General Fund: County -Derived Average Cost Multipliers, Fiscal Year 1979-1980 IV-14 IV-9 Projected Annual Recurring Costs Using County - Derived Multiplier, Residential Development Only, 1983-1999 1V-15 IV-10 Projected Annual Recurring Costs Using County - Derived Multipliers, Commercial Developments Only, 1983-1999 IV-16 IV-11 Projected Annual General Fund Costs from All Sources IV-17 IV-12 Projected Annual General Fund Revenue Surplus, 1982-1999 IV-19 Continued .... LIST OF TABLES (Continued) Table No. Page V-1 Property Tax Revenues to Special Districts Other than School Districts within Irvine Coast Project Area V-4 V-2 Projected Annual Revenues and Costs to Orange County Structural Fire Protection District, 1982-1999 V-8 V-3 Projected Annual County Library Revenues and Costs, 1982-1999 V-10 V-4 Comparison of Costs and Revenues for Orange County Harbors, Beaches and Parks District, Selected Years, 1982-1999 V-12 V-5 Projected Fiscal Impact of Irvine Coast Development, Newport -Mesa School District, 1983-1999 V-18 V-6 Property Tax Revenues to School Districts, Community Colleges and Department of Education Districts, 1982-1999 V-20 Existing Secured Valuation, Tax Rates, Requirements and Maturity"Dates for Bond Jurisdictions within Irvine Coast, 1979-1980 V-25" V-8 Added Secured Valuation from Irvine Coast Develop- ment and Impact on Bond Tax Rates: 1991 V-26 V-9 Added Secured, Valuation from Irvine Coast Development and Impact on Bond Tax Rates: 1999 V-27 APPENDIX TABLES A-1 Proposed Phased Lot Sales, Irvine Coast Plan, .annually by TRA, 1982-1997 A-4 A-2 Annual :Market Value from Custom Lot Sales of Irvine Coast Property by Tax Rate Area, 1982-1997 A-5 A-3 Annual Number of Custom Homes Added in Irvine Coast Development Each Year, by Tax Rate Area, 1983-1999 A-6 Continued .... iv LIST OF TABLES (Continued) Table No. Page A-4 Annual Market Value from Custom Single Family Home Construction, 1983-1999 A-7 A-5 Market Value of Hotels, Retail and Pre -Built Homes by Tax Rate Area, 1986-1999 A-8 A-6 Projected Market Value of Development by Tax Rate Area by Yearly Increments-, 1982-1999 A-9 A-7 Annual Property Tax Revenue from Development by TRA, by Yearly Increments, and Cumulative Total Revenues, 1982-1999 A-10 A-8 Total Property Tax Revenue to Tax Rate areas within Irvine Coast Plan, 1982-1999 A-11 A-9 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 55-017, 1982-1999 A-12 A-10 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 55-031, 1982-1999 A-1-3 A-11 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 55-036, 1982-1999 A-14 A-12 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 55-056, 1982-1999 A-15 A-13 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 55-066, 1982-1999 A-16 A-14 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 66-030, 1982-1999 A-17 A-15 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 66-036 A-18 A-16 Annual Property Tax Revenue Accruing to Taxing Jurisdictions within Tax Rate Area 81-028 A-19 Continued .... v LIST OF TABLES (Continued) Table No. Page A-17 Annual Property Tax Revenue from Development of Irvine Coast Plan, Allocated by Jurisdiction, 1982-1999 A-20 B-1 General Fund -- Cost Factors, Fiscal Year 1979-1980 B-2 B-2 Detailed Listing of Budget Units by Activity and Function B-3 B-3 Detailed Listing of Revenues by Source B-6 LIST OF FIGURES Figure No. 1 REGIONAL LOCATION, IRVINE COAST PLANNING UNIT III-2 2 LAND USE PLAN, IRVINE COAST PLANNING UNIT LOCAL COASTAL PROGRAM III-3 3 PUBLIC ACQUISITION PROGRAMS, IRVINiE COAST PLANNING UNIT III-S d IRVINE COAST PLANING UNIT PROPOSED DEVELOPNtEN"T AREAS III-11 I. INTRODUCTION I. INTRODUCTION' A. Overview The Board of Supervisors of Orange County has recently created an interim Fiscal Impact Report (FIR) process which establishes an independent procedure for disclosure of potential fiscal effects. as indicated by the County administrative Office, the newly required FIR would identify and project public agency costs and revenues attributable to a proposed land development project. The results of the FIR would serve as input to the Board, as it considers fiscal concerns along with environmental and social issues in deciding on the approval of a proposed project. 3. Obiective The objective of this report is to evaluate the fiscal effects of The Irvine Company's proposed Irvine Coast Plan per the require - rents of the interim FIR process. accordingly, costs and revenues anticipated from this development have been identified by public agency and set forth in the body of this report. C. }!ethodology he approach taken in the following analysis required the employment of two methodologies. The first methodology involved case studies or direct contact with public agencies providing the following services to the proposed development: sheriff/coroner, fire protection, schools, water/waste water, roads, flood control, library, parks/open space and other services provided by special districts. Interviews were held with representatives of the case study agencies to address the follow- ing fiscal concerns: 1. i1e current level of ser%.ice provided by the agency. 2. The induced cost increment as derived from service standards and cost per service unit factors available from the agency. The expenditure analysis would reflect capital costs and operations and maintenance costs as they would occur during the.proposed development's build -out period. 3. Available revenue sources by which to fund the projected costs. The revenue analysis would determine the extent to which the proposed development.could support the projected costs. The second methodology involved the application of per capita and per acre multipliers as a means to project County General Fund costs and revenues induced by the proposed development. The County Admini- strative Office has developed the multipliers which essentially represent County -wide average costs and revenues. As a result, it should be noted that the CAO-derived multipliers do not reflect the costs and revenues associated with recently developing areas of the County. II. SUMMARY OF FINDINGS AND CONCLUSIONS II. SUMMARY OF FINDINGS AND CONCLUSIONS The results of the fiscal impact evaluation of the proposed Irvine Coast Plan clearly show that the new development would not be a fiscal burden to potentially affected jurisdictions. This finding is observed through- out the 1982-1999 development period and at full development. In fact, the proposed development would provide for more property tax revenues to taxing jurisdictions than it would generate in service expenditures. More specific findings and conclusions are discussed below for the General Fund, Special Districts and Schools. A. General Fund Revenues from property taxes, transient occupancy taxes, sales taxes and other General Fund revenue sources would increase from $138,000 in 1982 to $7,874,000 at build -out in 1999. The revenue distribution at build -out is projected as follows: Total Percent Source 000's Total Property Taxes $2,848 36.2% Transient Occupancy Taxes 2,453 31.2 Sales Taxes 911 11.6 Other Revenues 1,662 21.1 Total $7,874 100.0% Costs associated with roads, Sheriff and other budget units would begin at $341,000 in 1983, increasing to $2,237,000 per year at full development beginning in 1999. The net fiscal effect as demonstrated by a comparison of General Fund revenues and costs reveals that the proposed plan would produce the following: - a revenue surplus to the County General Fund each year during the life of the program; and - a cumulative revenue surplus during the 1982-1999 development period that would amount to $55,422,000. B. Special Districts Analysis indicates that revenues received from property taxes generated within the Irvine Coast project area would exceed the costs of providing services to that area, for all special juris- dictions which may be involved in providing services to the Irvine Coast property. Revenues in excess of $72,000,000 would be received by special districts (not including school districts) within the project area during the period 1982-1999. These districts are: Irvine Ranch Water District; Orange County Library District; County Flood Control District; County Harbors, Beaches and Parks; Orange County Cemetery District; Orange County Vector District; and Orange County Sanitation District. At project completion in 1999, annual revenues totaling $3,864,000 would be received by: Orange County Library District; County Flood Control District; County Harbors, Beaches and Parks; Orange County Cemetery District; Orange County Vector District; and Orange County Sanitation District #5. I Annual costs to these districts for providing services to the area which have been quantified are $687,000. This figure includes costs of the Fire Protection District, Library District and Harbors, Beaches and Parks. Annual revenues less quantified costs yields a net revenue stream of $3,177,000. Since not all costs have been quantified, the precise amount of annual net revenues cannot be determined. Final net revenues to these special districts, however, would be well in excess of their costs of servicing the Irvine Coast project area. C. Schools Under recent tax legislation, school districts are limited in the amount of revenue they may expend per student, despite any increases in assessed valuation which the district may realize. Therefore, although the Irvine Coast development would -generate property tax revenues well in excess of costs of servicing additional students generated by the development, the affected school districts, Irvine Unified, Newport -Mesa Unified and Laguna Beach Unified;- would not. realize any net revenue gains. y f The affected community college districts, Coast Community College and Saddleback Community College, would receive annual revenues of $1,638,000 by 1999. Property tax revenues would exceed the costs incurred by these districts in servicing the additional students residing at Irvine Coast. III. THE PROPOSED DEVELOPMENT AND DEVELOPMENT ASSUMPTIONS III. TIE PROPOSED DnELOP�E.NT ,\'D DaILOPNIL47 aSMiPTIONS The development assumptions contained in this report are based on the best information available at the time of report preparation. In many cases, decisions on final development plans cannot be made until later stages of planning. Therefore, the assumptions presented herein are not necessarily commitments for final plans by the County of Orange, Special Districts, or The Irvine Company. Rather, they represent the best estimates of these plans presently availablc. A. Description of Proposed Development The Irvine Coast property encompasses 9,370 acres of undeveloped 'Land located in the unincorporated area of South Orange Count;r. The site is bordered on the Nest by the Pacific Ocean; on the north by the City of Newoort Beach; on the south by the City of Laguna Beach; and on the east by unincorporated and undeveloped lands of the Irvine Ranch. The project area is identified in Figures ? and 2. The area is undeveloped at present except for park i nds and may be described as a hilly coastal environment. The northern area consists of flat terraced areas and gentle slopes and is within the sphere of influence of the active and developing City of Nieapert Beach. Ine southern half is characterised by steeper slopes and canyons and is within the sphere of in: of the City of Laguna Beach. The maior portion of development is targeted for the northern portion of the site. Residential development is olanred on a phased basis, commencing with lot sales fred 1932 through 199 Construction of new homes is anticipated from 1932 through 1999. Huritington I � Anal � 't ,,, • , c car I' '.• ,'.•'<.•:\.� it Newport Peaa!>,' cor6na:d'ei-0 IRVINE' COAST "P AEI Toro Mission Laguna' 'acti . Diego County Dana FIGURE 1 Regional Location N IRVINE COAST PLANNING UNIT ENVWUNMENUt MANA MENI AGENCY COUNTY OF ONAM.E IRVINE MD L I \ � LA'S � �7� � ��l •:�(� j �� I ,�� � Jl� ti lX, � NEWPORT BEACH \t�..PR �d i�• ( ��`��'' _ �/._� \ t_�\l lyl�t\tl/A _i• .-�/V�% . 't ���t1\ �'!` �") l\�_(\��_Ii ',,�. i,�` �1\l)�`l�i�Z( •;,.fir �r I I�..\/7 llnt 'Znl� �•�� �l � �.1 iiLl 1 MD 1~ PR Crystal Cove I adlS10 IV_i LEGEND FIGURL' .2 LD LOVIDENSITYRESIDENIIAL pl I UIYA(J, C CONSERVATION Land Use Plan MD MEDINMDENSITYRESIOEN11Al rAb6J0L1.A01 tl HISIUIIICDISIRICT p"•Y� V VIS110R-SEIIVINOCOMIAEIICIAI �.] F'RELIMINAIIY nOADWAY Fb✓ R IILSIDENDALRECREATION AUGMENTS IRVINE COAST PLANNING UNIT PR PLIULICRECREATION 1"- a000"- a000, LOCAL COASTAL PROGRAM LHVYIUHW HIM MAIYMAMIHIAIa NCv 11I1Wil tl lN1AM1 A maximum of '_,000 market rate residential units will be allowed on the entire 9,370-acre property. A lesser number may actually be developed, due to topographic constraints, political constraints, design/marketing criteria, and potential acquisition of acreage for federal park purposes. This report assumes a .,000 unit development in order to test the greatest magnitude of impact, in terns of increased costs to the County and special districts which would provide serrices to the project area. A discussion of the parameters and assumptions utilized in the report to develop municipal cost and revenue projections follows. B. Constant Dollar assumption i costs and revenues throughout ne report are stated in terms cf constant 1980 dollars. No inflationary projections have been made. Therefore, any stated increases in costs or revenues are due to the effects of the incr'easi g scale'of development, and not to inf'_atiorarr pressures. f C. Park Program under the proposed development program, the :major portion of the 9,370 acre Irvine Coast property would be maintained in State, CoLmty, and possibly Federal park lands. Public recreational and open space area would range from 5,070 to 6,390 acres, dependent upon whether certain areas targeted for potential Federal or State acquisition were purchased. This acquisition question was undecided at the time of :-eport preparation. In addition to public recreational areas, approximately 560 acres wi-cnti the project area are targeted for private recreational use. The major park areas are discussed in the following paragraphs. Public park areas are illustrated in Figure 3. =' _ris discussion is based on itio nation from he Irri*ue Coast �I. SLIDDlement and the ,?raft Local Coastal Program, Ir.i-re Coast zlia.ning n,t, Grange Cot --it- environmental >!anagement .�;engr. 1. Crystal Cove State Park This is a 2,397 acre park acquired from The Irvine Company by the State of California in December 1979. The park includes all but 50 acres of the land between Pacific Coast Highway and the ocean, as well as land in and around Moro Canyon. The Irvine Company donated 500 acres of Moro Ridge (included within the 2,397 acres) which gives the park most of the Moro Canyon watershed. The Cali- fornia Department of Parks and Recreation will prepare a general development plan for this park, which will provide for beach access, trails, vista points, overnight camping and recreational vehicle facilities. 2. Conditional County Dedication Areas The Irvine Company would be willing to dedicate 2,650± acres in the southern portion of the site area, including all of the Emerald Canyon watershed, to the County of Orange in exchange for development of designated residential and commercial areas of the proposed project area. This park area would be dedicated to the County in three phases. Dedication of each phase of the park area would be condi- tional upon development of a designated portion of the planning areas. 3. Los Trancos Carryon Park The main areas of Buck Gully and Los Trancos Canyon would be reserved for private recreation/open space and would be maintained by the Homeowners Association. This 560-acre park area would satisfy the County of Orange requirement for local community parks. 4. Potential Park Areas In addition to the areas described, two other tracts of land are slated for possible Federal or State acquisitions. a. State Expansion area The State has the right to purchase 393 acres adjacent to upper Moro Canyon. The Irvine Company has agreed to a fixed price for this area until September 1981. b. Urban National Park Lands The Orange Coast National Urban Park Bill proposes the creation of a 13,000-acre par'_< in the general location of the Laguna Greenbelt. Within the Irvine Coast, 931 acres in Muddy Canyon and on the frontal slopes of Wishbone Hill are proposed for Federal purchase. Proposed Sand Canyon avenue forms the north- western boundary of the Federal park, with the exception of the frontal slopes of Wishbone Hill. The proposed San Joaquin .sills Transportation Corridor fo:as the northeastern bcundar..•. If all proposed State and Federal park lard were acquired, the number of homes which could be developed within the Irvine Coast area would-be reduced to 1,735. This report analyzes effects of 2,000 homes, which includes those in areas targeted for potential park acquisition. i ^. Road System/Circulation Currently, the only direct access to the planning area is provided by Pacific Coast Highway (SR-1). Two arterial highways are proposed to be extended into the Irvine Coast from the north: Sand Canyon avenue and Pelican Hill Road. Both arterials will connect to Pacific Coast Highway while also providing a connection to the San Joaquin Hills Transportation Corridor. From the :vest and adjacent to the coastal -one, San Joaquin Hills Road is proposed to connect to Pelican Hill Road and Sand Canyon avenue. The two arterials would be built by The Irvine Company and dedicated to the County of Orange. In a regional context, these roads would become the most direct routes for inland generated traffic to achieve coastal access to recreation areas on the Irvine Coast. Both roads would carry through tra:f'_c, coastal recreation traffic and local-, ,_-orerated t__f_r_c. Sand Canyon avenue would provide access to -lost of the -public recrea- tional areas on the Irvine Coast. The roadway is planned to run in a general north -south direction from beyond the San Diego Freeway to Pacific Coast Highway. It is designated as a primary arterial highway (four lanes).-!/ The road would be constructed in 1987, unless the State of California were to fully develop its park area before that date in which case development of the road would be moved up accordingly to provide access to the park. Pelican Hill Road would be a key regional link to the coast. It is designated as a major arterial highway (six lanes), and would provide through access from Pacific Coast Highway to San Joaquin Hills Road. This road would be constructed at the outset of the development program, projected for 1982. Residential areas within the pla-Ln ng unit would be served by private local streets connecting to the arterial system. �. The Residential Development Program 1: Custom Lot Program The Irvine Coast property is projected for development under a custcm lot program. The Irvine Company would develop all infra- structure including the road system, both arterials and private roads, and utilities: water, sewer, electricity, gas, etc. Lots in these developed areas would be sold to private owners who :could then construct their own homes. A maximum of 2,000 market rate dwelling units would be allowed cn the property. The ;majority of the residential dwelling units would be dispersed single-family units on large estate lots. The basic design concept proposed is development along the ridge lines and some side slopes, leaving canyon bottoms as open space, and disturbing natural topography as little as possible. I Local Coastal Preg-.am, Irvine Coast Planning unit, Crange County 2. Phasing and Absorption The development program would be phased from 1982 through 1997. Planned residential site areas 1 through 21 would be developed on a phased schedule beginning with the northern portion of the Irvine Coast property and progressing southward through 1997. The pro- posed phasing schedule is presented in Table III-1. Development areas are illustrated in Figure 4. Approximately 200 lots each year would be sold in 1982 and 1983. The remainder of the lots are targeted for an absorption rate of 110-120 per year. An average absorption of 9.17 lots per month is projected, based upon absorption rates which The Irvine Company has experienced in similar custom lot sales programs. 3. Rate of Home Construction Residential structures would be built on custom lots by individual owners. Construction and completion of units would lag behind sales of lots. For purposes of projections and analyses, it has been assumed that 50 percent of all homes would be completed and occupied one-year after purchase of the lot-, and that the remaining 50 percent would be completed and occupied two years after lot purchase.Y Therefore, if 110 lots are sold in 1984, 50 percent of these will have completed residences in 1985, and the remaining 50 percent will have residences completed by 1986. 4. Density of Development The Irvine Coast property would be a low density development averaging less than one dwelling unit per acre in most of the developed areas. There are two exceptions to this overall density ratio. Area 1, Cameo Shores with 215 units, is projected for a density of 4.3 dwelling units per acre. ,area 10, Buck Hill with 80 units, would be a medium density area of five dwelling units per acre. This construction schedule is based upon Irvine Company experience in other custom lot sales programs. Area Total 1 215 3.6 600 7 30 8 16U 9 25 10 60 11 150 13 164 14 1?4 20-21 40 is 157 16 .30 17 IOU 18 23 19 1J0 2,ODU z,u0u Table 111-1 PROR)SR0 P,113ING SC10:1111I1:, IRV[R COAST PROPERLY . 1982 - 1997 L73: 1983 1934 1985 19:6 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 110 105 ]lu 110 110 110 110 s0 su 45 55 25 55 25 25 ]00 25 82 82 27 110 37 40 64 95 15 15 82 IS • :i ;3 37 22U 215 110 110 110 125 160 125 107 109 150 116 108 32 116 37 220 435 545 655 765 . 890 1,050 1,175 1,282 1,391 1,541 1,657 1, 765 1,847 1,963 2,000 ,. .,_•,m r:1 .e. fcdatal park land. E l:..: •; �lrogixi wp,esents the sale of ,ostm lots. .I I � 1.." 41 Si'0 1). N40-� fie• OKA*= 23 $r %4,% ;r, f r/ ok VY �,, :fill .21 VUL. I IT ,,q �A 11�, ' �• nj �. r:Y '� 1�_ i � �- t:2?'', l�e (' ���ajjj"' . j j j FEET: -20--r- IRVINE COAST FIGIME 4 - IRVINE COAST PLANNING UNIT PROPOSED DEVELOPMENT AREAS ENVIRONMENTAL MANAGEMENT AGENCY COUNTY OF ORANGE 5. Population in Residential Areas Population growth would occur in phases, in accordance with phased construction of the residences. Growth patterns would follow the f same lagged structure as residential construction, with 50 percent of the population in each area projected to be in residence one year after the lot sale transaction, and the remaining 50 percent within two years. A population of 3.37 persons per dwelling unit is utilized in developing population projections for the project area. This is the factor used by Orange County Administrative Office as an esti- mate of county population per household, for single-family detached and attached residences in the unincorporated Orange County area. The figure is derived from the California Department of Finance 1976 Special Census for Orange County. Population estimates are presented in Table III-2. As shown, population in the project area is projected at 6,745 persons, based on a build -out of 2,000 homes -at the end of full development in 1999. Population will increase an average of 400 persons per year during the development stages.' 6.' Prices of Custom Lots Custom lots are anticipated to sell for a median price of $350,000 per lot. This sale price is supported by recent sales of custom lots in the developing Harbor Ridge Area, an Irvine Company sub- division which is east of the Irvine Coast property. 7. Estimated Market Value of .New Homes, The Irvine Company estimates that the market value of residences constructed on the Irvine Coast property would be $225 per square foot of residence, based upon resale values of adjacent existing homes in Cameo Shores. I4 \a IV^9,•I It I'. i l.•. t I h i l ita.A I-il::nd I'•: L:mws I:ua. IsL•,uJ Sra,al Iltll t :u. bb�nw Iltll 4t,..n t:.npml :. sli:aaa Ridge r•u , l ItJry )ti'dy t: r.yon XLrtc 1.>p.nSl Cn= Towl Culol,ltivu total Table III- 2 IRVING MIST: PROOE'Ll171 POIUTATICN PER DMIDINUVC 110I01) 7983 - 1999 Total 1983 1984 INS 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 19n9 726 136 354 186 2,028 186 372 372 372 372 270 ' • ', 84 300 "'50'+ ' 50 338 76 , ' 169 93 84 42 42 270 93 13S 42 504 42 210 210 42 SS2 138 276 138 588 , ' 44 233 247 64 134 67 67 530 108 265 157 100 25 s0 25 336 138 168 30 84 42 42 371 123 18S 63 6,745 372 726 558 372 372 396 480 480 390 362 433 447 379 320 333 257 63 6,745 372 1,098 1,656 2,028 2,400 2,796 3,276 3,756 4,146 4,508 4,946 5,393 5,772 6,092 6,425 6.682 6,745 I::-.Lc: 1 pupulation factor of 3.37 persons per dwelling unit is used to calculate population. :?,:ncu: 'Table 111-1 .Ind liilliams-Faubelbe:t, aid Associates, Inc. The average sale price and value of the improvements may be estimated according to the following formula: Average buildable pad 8,000 SF Minus: 50% Yard Area 41000 Minus: 3-car Garage 600 Net Area of Residence 3,400 SF Sales Price at $225/SF $765,000 Minus: Lot Value 350,000 Value of Improvements $415,000 Average market value of residences at Irvine Coast is therefore projected as $765,000. 8. Affordable Housing Orange County requires that'25 percent of all new residential units be priced in the range of affordable housing. Therefore, if 2,000 units were constructed in the Irvine Coast site area, an additional 667 units of affordable housing must also be provided by The Irvine-Compary. These units would probably be built outside the project area in_an. as yet undetermined jurisdiction. This fiscal impact report does not address any impacts of the affordable housing units. 9. Homeowners Association A Homeowners Association would be formed in the Irvine Coast area. This Association would maintain the private roadway system and the private open space area, and would provide a private security force. The Association would also serve as the agency for providing any other private services which might be required by the development, including maintenance of the local drainage system, slope and land- scaping maintenance if not provided by the County, and any other services required to be provided. 10. Los Trancos Canyon Park The Los Trancos Canyon Park, an area of approximately 560 acres, would be maintained as a private open space area. This area would be deeded to the Homeowners Association by The Irvine Company, and would be maintained by the Homeowners Association. The Los Trancos Canyon Park would satisfy County local park requirements. F. The Commercial Development Program Approximately 160 acres would be devoted to visitor serving commercial facilities. These facilities will include 2,000 hotel rooms plus support commercial uses within the hotels, and 335,000 square feet of specialty retail and commercial development. 1. Hotels Four separate hotel facilities that would accommodate the spectrum of visitors to the park would be phased between 1986-1994, based on the following schedule: Planning Area #2 - Pelican. Hill 1986 500 hotel rooms 1990 500 hotel rooms 1994 500 hotel rooms Planning Area #12 - Wishbone Hill 1991 500 hotel rooms The hotel sites would be retained in Irvine Company ownership; therefore no increase in base land value for property tax purposes may be anticipated. The construction cost of the hotels is esti- mated at $100,000 per room, which includes the hotel facilities as well as the rooms themselves. Average room rate is estimated at $70 per night and an annual occupancy rate of 80 percent is projected.1/ Fifty percent of the hotel's revenue will derive from room rentals./ The remaining 50 percent will be taxable retail sales, including 28 percent food sales, 14 percent beverage sales, and 8 percent retail sales. 2. Specialty Retail/Commercial Development Approximately 335,000 square feet of visitor serving retail commer- cial area is proposed for four separate locations within the project area. Two tourist recreation/commercial sites will be located inland of the Pacific Coast Highway at Sand Canyon Avenue and at Pelican Hill Road. Additionally two small sites in Laguna Canyon are intended for small scale facilities. These visitor serving facilities will include, in addition to the hotels, restaurants, commercial recreational facilities, offices, and tourist commer- cial -shops. A 250,000'square foot commercial area is proposed adjacent to the Pelican Hill hotel sites. This area would be built in three phases. Approximately 100,000 square feet is proposed in 1986; 100,000 square feet in 1990; and the remaining 50,000 square feet in 1993. Approximately 35,000 square feet of separate retail area would be developed in 1991, in conjunction with construction of the hotel at Wishbone Hill. Finally, in 1992 approximately 50,000 square feet of retail/commer- cial development would be phased in site areas 22 and 23 adjacent to Laguna Canyon Road. l Based upon observed room rates and occupancy levels at existing Newport Beach and Irvine hotels. Based on industry statistics for similar quality hotels. 16 :, Land ownership of these areas would be retained by The Irvine Company. Construction costs are estimated at $60 per square foot in constant 1980 dollars. Retail sales are projected at an average of $150 per square foot. G. Summary Development parameters and assumptions set forth in this section are sm Table III-3 SUNDIARY OF DEVELOPMENT ASSUMPTIONS A. Developed Property Values No. of Units Market Value Per Unit/Square Foal/ Land Use (or Square Feet) Land Improvements Total Residential 2,000 units $350,000 Hotel 2,000 rooms -- Commercial 335,000 sq. ft. -- Total B. Commercial Sales Parameters Hotels/ Annual Occupancy: Average Room Rate Total Revenue Per Room: Room Charges: Taxable Sales: (Restaurant, Bar, Retail) Commercial 3/ 80 percent . $70 per night $40,880 20,440 20,440 $415,000 .o $765,000 100,000 60 Market Value, All Units $1,530,000,000 200,000,000 20,100,000 $1,750,100,000 Gross Leasable Area: 335,000 square feet Sales Per Square Foot: $150 Total Annual Sales: $50,250,000 17 Based upon observed market sales and values at existing developments. 2/ Based upon average room rates and occupancy at existing Newport Beach and Irvine hotels, and industry statistics for room sales as a percentage of total hotel revenues. 3/ Based on observed sales at area retail establishments. IV. COUNTY GENERAL FUND f W. COUNTY GENERAL FIND An evaluation of the general fund revenues and costs generated by the proposed Irvine Coast Plan is presented in this section. Revenues and costs have been developed and displayed for each year during the build - out period. General Fund revenue sources include property taxes, transient occupancy taxes, sales taxes and other revenues for which the CAO has prepared per capita and per acre multipliers. General Fund cost categories consist of the sheriff/coroner and road budget units in addition to the budget units for which the CAO has also developed per capita and per acre multipliers. All projections are expressed in constant 1980 dollars. A. General Fund Revenues 1. Property Taxes Revenues The projected market value of the proposed development would range from $77.0 million in 1982 to $1,750.5 million at full development... With assessed value computed at 25 percent of market value; the _ Irvine Coast development would represent an assessed valuebf-$19.2 million in 1982 and $437.6 million at final build -out. Given that the subject property has a 1980-81 assessed value of approximately $6.7 million, the net increase in assessed value would be substantial, ranging from $12.5 million in 1982 to $430.9 mullion at full develop- ment as shown in Table IV-1. Property tax revenues generated to the County General Fund by the proposed development program have been calculated per the tax limitations of Proposition 13 and the allocation framework of Assembly Bill 8. Under the latter measure the allocation system for property tax increments has once again been placed upon a geographical or "point source" basis with the Tax Rate Area designated as the fundamental unit of analysis. The derivation of property tax revenues received by the County is provided in detail in Appendix A. Development values employed in the analysis A. Assessed Value (In Millions) Projected--Y 17.ttstinyZ/ Net ❑icamsc R. Pu,perty Tax fy Ii�\ entiq tin 1housinds) 1 IV 1tineral rlmd3/ 8 Table IV-1 PRO.1=..D AI\TRM MESSED VAIAM AND (a41'RAL FIND PROPERTY TAX RLVIRM- lim - 1999 (in Constant 1980 Dollars) 1982 1983 1934 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 j 19.2 ; 49.5 $ 77.4 $101.8 $134.4 $156.8 $189.0 $214.4 $248.2 $279.0 $302.8 $327.4 $369.4 $391.8 $414.3 $427.9 $435.6 $437.6 6.7 6.7 6.7 6.7 6.7 6.7 ,6.7• 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 $ 12.5 $ 42.8. $ 70.4 $ 95.1 $127.7 $150.1 $182.3 $207.7 $241.5 $272.3 $296.1 $320.7 $362.7 $385.1 $407.6 $421.2 $428.9 $430.9 $ 139 $ 357 $ S57 $ 723 $ 942 $1,073 $1,262 $1,412 $1,635 $1,829 $1,983 $2,134 $2,403 $2,543 $2,689 $2,781 $2,834 $2,848 Abiesned value estimted at 25 percent of anticipated market value. Projected market value is developed in Appendix A. raluc for Fiscal Year 1980-81. lctal funeral Fund property tax revenues are derived in Appendix A. Rounded to the nearest thousand. Sour u: liilli.uns-Xuebelbeck and Associates, Inc. have been provided by The Irvine Company and reflect that firm's most recent estimate of sales prices and achievable market values. The Irvine Coast program would yield $2,848,000 to the General Fund per year after build -out has been reached in 1999. The magnitude of the property tax revenues generated by the Irvine Coast program can be demonstrated by comparing: a) the property taxes contributed to the General Fund by the subject property relative to that generated by the County as a whole; with b) the population increase represented by the program relative to the current total County population. The proposed program at full development would increase the 1979-80 County -wide property tax revenue contribution of $59.7 million to the General Fund by 4.8 percent. In contrast the Irvine Coast population of 6,745 persons at build -out would represent only 0.4 percent of the present County population of 1,896,,200 persons. 2. Transient Occupancy. Taxes Transient occupancy taxes are General Fund revenues derived from a 6.percent County tax levied on occupants of hotels and motels. Given hotel operating characteristics provided by The Irvine Company (80 percent annual occupancy and an average room rate of $70 per night), Table N-2 shows that transient occupancy taxes would reach a maximum of $2,453,000 per year after completion of the fourth hotel in 1994. The first year that the County would receive tran- sient occupancy taxes would be 1986, when the first of the four proposed hotels would begin operations and accordingly yield $613,000 in tax revenues to the County. 3. Sales Taxes Sales tax revenues collected by the County would result from retail purchases occurring at: a) restaurant and other commercial activities located at each hotel; and b) three specialty retail shop- ping centers presently scheduled to feature a gross leasable area of I Table IV-2 PROJECTED ANNUAL GENERAL nJNO REVENUES rRODU TRANSIENT OCCUPANCY AND SALES TAXES 1983 - 1999 (In Thousands of Constant 1980 Dollars) Revenues A.' Transient Occupancy Taxes Gross Receiptsl/ Taxes2/ B. Sales Taxes Gross Receipts ffotel3/ Other Retail4/ Subtotal Sales Taxes • 1995- 1983-85 1986 1987 1988 1989 • 1990 1991 1992 , 1993 1994 1998 $10,220 $10,220 $10,220 $10,220 $20,440 $30,660 $30,660 $30,660 $40,880 $40,880 613 613 613 613 1,226 1,840 1,840 1,840 2,453 2,453 $10,220 $10,220 $10,220 $10,220 $20,440 $30,660 $30,660 $30,660 $40,880 $40,880 15,000 15,000 15,000 15,000 30,000 32,250 42,750 42,750 S0,250 50,250 $25,220 $25,220 $25,220 $25,220 $50,440 $65,910 $73,410 $73,410 $91,130 $91,130 252 252 252 252 504 659 734 734 911 911 i 17 Assumes average rate of $70 per night and 80 percent annual bccipancy. Determined at 6 percent of gross receipts. 3� The Irvine Conpany projects that taxable sales from restaurants and retail located in the hotels would approximate receipts from room occupancy 4� Sales performance assumed at $150 per square foot. Phasing of retail space from Chapter III. Source: Williams-Kuobelbeck and Associates, Inc. approximately 335,000 square feet. According to The Irvine Company, taxable sales originating at the hotels are expected to equal the revenues which the hotels would receive in room charges. Taxable sales at the specialty center have been projected using a sales performance factor of $150 per square foot, a sales level noted at many specialty centers in Southern California. On the basis of these assumptions, taxable sales from commercial land uses would range from $25,220,000 in 1986 to a build -out total of $91,130,000 beginning in 1994. The County would collect one percent of projected taxable sales in the form of sales taxes. Projected sales tax revenues, as derived in Table IV-2, would vary from $252,000 in 1986 to $911,000 beginning in 1994. 4. Other Revenues The County Administrative office has developed a set of per capita and per acre multipliers in order to project revenues which would likely accrue to the remaining General Fund revenue classifications. The CAO-derived revenue multipliers are summarized by major source in Table W-3. A breakdown of the individual revenue classifications contained in each major revenue category is provided in Appendix B. Tables IV-4 and IV-5 represent the remaining General Fund revenues generated by the residential and commercial land uses respectively. These tables have been developed by multiplying the population and commercial acreage by the appropriate multipliers provided in Table IV-3. At full development in 1999, residents of the Irvine Coast program would generate $1,387,000 per year to the General Fund. Beginning in 1994 when all commercial developments on the subject property would be operating, revenues from remaining General Fund sources would amount to $275,000 per year. IV-5 Table IV-3 GENERAL FUND: COUNTY -DERIVED AVERAGE REVENUE MULTIPLIER1/ FISCAL YEAR 1979-1980 (In Constant 1980 Dollars) Residential Commercial Industrial Revenue Source/ ($/person) ($/acre)($/acre) Taxes Other Than3/ $ 11.95 $ 196.90 $ 195.87 Current Property Licenses, Permits 16.32 238.10 241.59 and Franchises Fines, Forfeitures 3.91 64.45 64.11 and Penalties Revenue From Use 13.45 221.65 220.48 of Money Aid From Other 127..27 631.12 394.41 Government Agencies Charges for Current Services 31.72 354.77 356.12 t Other Revenues. 0.92 15.12 15.04 Total $205.54 $1,722.11 $1,487.62 The County Administrative Office has developed per capita and -per acre "multiplier" or factors for use in determining recurring revenues in most general fund categories. 2/ Excludes property tax revenue and transient occupancy taxes which are calculated directly. 3/ Excludes sales tax revenues which are calculated directly. Source: County of Orange, county Administrative Office, "Interim Fiscal Impact Report Process Methodologies", October 1, 1980; Williams- Kuebelbeck and Associates, Inc. 0 icrcnuo-_,nurcc t':u't:nt Pnqurty ! 1nn'e,, Pennits and Pe,u:au_eb 'mv,, lurfeitures and ••.n.:: t:ei f:erwu, hvn Ube of Money A:d f:m Otiuor Guvernnent het a e> (Ange, frr Curren Services Uthee VVIL11ties lutal Table Iv-4 PROJEMD AN UAI. RCCUPRING IIL'VENUES USING MUN-111711VIM WTIPLILRS IUSIMMIN. ULATIAPMOST CNI.Y11 1983 - 1999 (in Tbausnds of Constant 1980 Dollars) , 1983 1984 1985 1986 1937 1988 1939 19911 1991 1992 1993 1994 1995 1996 1997 1998 1999 $ 4 $ 13 $ 20 S 24 S 29 $ 33 $ 39 $ 45 $ 50 $ S4 $ 59 $ 64 $ 69 $ 73 $ 77 $ 80 $ 81 6 18 27 33 39 46 53 61 68 74 81 88 94 99 105 109 110 1 4 6 8 9 11 13 15 16 18 19 21 23 24 25 26 26 S 15 22 27 32 38 44 51 56 61 67 73 78 82 86 90 91 47 140 211 258 306 35S „ 4)7 477 527 S7S 629 686 735 77S 818 850 859 12 35 S2 64 76 89� 304 119 132 143 157 171 185 193 204 212 214 Y 1 2 2 2 -3 3 - 3 4 _ 4 S 5 S 6 6 6 6 $ 76 $ 226 $ 310 $ 416 $ 493 $ 575 $ 673, $ 771 $ 853 $ 929 $1,017 $1,108 $1,187 $1,252 $1,321 $1,373 $1,3E7 Al l calculutrons rounded to the nearest thousand. - �� Prum Cotumty-derived per capita revenue multipliers which are provided in Table IV-3. '� lcob th.e $s00. aoun,.. arl]iau-Kuebelbed, and Associates, Inc. Table IV-5 PRQIELFED AMd1kL RECURRING REVENUES USING COUNTY -DERIVED DR1L'1'IPLIERS, CUNMRCIAL D E—LOP mNr ONLYY 1983 - 3999 (In Thousands of Constant 1980 Dollars) 1983- 1995- Revenue Sources 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1999 Taxes Other Than - $ 8 $ 8 $ 8 S 8 $ 15 $ 23 $ 24 $ 24 $ 32 $ 32 Current Property Licenses, Permits 9 9 9 9 19 28 29 29 38 38 and Franchises Fines, Forfeitures - 3 3 3 3 S 8 8 8 10 10 and Penalties ' i r !- Revenue From Use - 9 9 9 9 17 26 27 27 35 35 of Money , co Aid From Other 24 24 24 24 49 74 76 76 101 101 Goverrwent Agencies Charges for Current - 14 14 14 14 28 41 42 42 57 57 Services Other Revenues 1 1 1 1 1 2 2 2 2 2 Total $ 68 $ 68 $ 68 $ 68 $134 $202 $208 $208 $27S $275 Note: All calculations rotmded to the nearest thousand. Y From County -derived per acre revenue multipliers for coumnrcial uses as provided in Table IV-3. Sourcc: Williams-Kucbelbeck and Associates, Inc. S. Summary A summary of General Fund revenues provided by the Irvine. Coast development is presented in Table N-6. Total revenues from all General Fund sources would increase from $138,000 in 1982 to $7,874,000 at build -out in 1999. The distribution of the generated revenues by source would be as follows beginning in 1999: a) property taxes--$2,848,000 or 36.2 percent; b) transient occu- pancy taxes--$2,453,000 or 31.2 percent; c) sales tares--$911,000 or 11.6 percent; and d) other revenues (multipliers)--$1,662,000 or 21.1 percent. B. General Fund Costs 1. Sheriff/Coroner At the present level of development, the Sheriff/Coroner's office provides one officer during the day shift to patrol the unincorporated area between the cities of Newport Beach and Laguna Beach. -The focus of activity is on the beach related recreational facilities. The officer --is provided through contract services with the State of California. Prior to the State contract, only infrequent service, based on actual calls for service, was provided. Therefore, at the present"time the County General Fund expenditure for protection services in the project area is minimal. The Sheriff -Coroner's officer estimates that because of the isolated nature, of the project's location, any significant development would require a minimum of one patrol unit on a 24-hour basis. The popu- lation of 382 persons estimated for 1983, after the initial lot development and residential construction has begun, would be con- sidered as significant development and would require a 24-hour patrol unit, according to the Sheriff Department.!/ The cost of patrol services may be estimated as: Night Shift $ 76,544 Day Shift 74,194 Evening Shift 76,544 Total $227,282 !. Per telephone interview with Captain Dennis LaDucer, October 1980. Tublo 1V•6 PIMILCII9) MAIM. C197L•ILd. LINO 1UNINIMS FM1 ALL 801Rm- 1982 - 1999 (in Thousands of Constant 1980 Dollars) +•urcc 1982 1983 1984 1985 1986 1987 1938 1989 1990 1991 1992 1993 1994 .1995 1996 1997 1993 'wjarty Taxer/ $ 138 $ 357 $ 557 $ 723 $ 912 $1,073 $1,262 $1,412 $1,635 $1,829 $1,983 $2,134 $2,403 $2,543 $2,689 $2,781 $2,834 S2,sls t.u:a mat Occtm:utcyv- aXes -- -- -- -- 613 613 613 613 1,226 1,840 1,840 1,840 2,453 2,4S3 2,453 2,453 2,453 2,453 ,des Ta�cs=� -- -- -- -- 252 2S2 252 252 504 659 734 734 911 911 911 911 911 WI al..r 8ucurt in94/ „. l..:sidmual -- 76 226 340 416 493 575 -673 771 853 929 1,017 1,108 1,187 • 1,252 1,321 1,3n Caaauutal 68 68 68 , 6& 134 202 208 208 275 275 275 275 275 275 l.tal S 138 $ 433 $, 783 $1,063 $2,291 $2,499 $2.770 $3.Ra8 $4.270 $5,383 S5,694 $5,933 $7,150 $7,369 $7,580 $7,741 $7,846 S7.874 .te: All calculations ro mded to tlw nearest thousand. Ha', Table 1C-2. hm Table IP-2. frua Tables IV-5 and IV-6. „une: Williams-Webelbeek and Associates, Inc. These figures have been established by the Orange County auditor - Controller for contract services with the Cities of Villa Park and San Juan Capistrano, and include total departmental and County administrative costs. Thus, the Sheriff -Coroner's Department estimates that annual costs for servicing the project area would be $227,282, beginning in 1983 through 1999. 2. Roads Pacific Coast Highway, which traverses portions of the site, is operated and maintained by the State of California. Two arterials, Pelican Hill Road and Sand Canyon Avenue, would be built and dedi- cated to the County. All other roads would be privately owned and maintained by the property owners of the Irvine Coast area. For analytical purposes, maintenance of the 5.1 miles of deducated roads has been assumed to be a General Fund function, since: a) a County Service Area does not presently exist that encompasses the subject property; and b) the County has interpreted Proposition 13.as excluding a newly formed district in a presently undeyeloped area from receiving a portion of the 1 percent property tax levy.; Based on per lineal mile maintenance costs provided by the Environ- . mental Management Agency, the Agency responsible for road maintenance, annual maintenance which includes street -sweeping would amount to $55,400 per year for the two roads, as shown in Table IV-7. Maintenance costs are for the entire dedicated right-of-way area, including medians. Maintenance would also include slopes. if they were dedicated to the County and were included within the right-of- way. If slopes were not dedicated to the County, they would probably be maintained by the Homeowners Association. The maintenance costs prepared by the FMA are based on overall County -wide average costs for road maintenance. These averages do not differentiate between older or newer roads; nor between Table IV-7 PROJECTED ANNUAL ROAD MINTENANCE (in Constant 1980 Dollars) Lineal No. of Annual Maintenance Costly Road Miles Lanes Per I:ineal Mile Total Pelican Hill Road 2.27t 6 $11,500 $26,100 Sand Canyon Avenue 2.84± 4 10,300 29,300 Total 5.11 $10,800 $55,400 Year Cost is First Incurred=/ 1983 RM A/ Costs are an overall county -wide average for all roads, whether new or older. Costs are averaged for the entire right-of-way, and would include any medians or slopes existing within the rights -of -way. Costs include street sweeping, maintenance, and all labor, overhead and materials. �� Based upon proposed development schedule. level and hilly roads. These averages, however, are the best estimates presently available from the EHA. Since roads in the development area would be new, the maintenance costs presented probably represent high estimates, at least for the initial development years. Finally, Pelican Hill Road would be built and dedicated to the County in 1982, with annual maintenance costs first appearing in 1983. Sand Canyon Avenue would be constructed in 1987, unless the State of California were to fully develop its parks area before that date, in which case road development would be moved up correspondingly. 3. Other Costs CAO-developed per capita and per acre multipliers have been used to project additional General Fund costs not previously identified in the analysis. The CAO cost multipliers are summarized by budget function in Table IV-8', with a more detailed breakdown of costs by y budget -activity provided in Appendix B. Additional General Fund costs generated by residential and commer- cial uses are presented in Tables N-9 and IV-10, respectively. General Fund costs incurred by the remaining budget activities and attributable to the proposed residential uses would range from $88,000 in 1983 to $1,608,000 at full development. Costs associ- ated with the proposed commercial uses would initially expand the General Fund by $89,000 in 1986, reaching a maximum of $367,000 per year beginning in 1994. 4. Summary Table IV-11 consolidates the previously determined annual costs attributable to the Irvine Coast development. Projected General Fund costs would begin at $341,000 in 1983, climbing to $2,257,000 Table IV-8 GENERAL RND: COUNTY -DERIVED AVERAGE COST MULTIPLIERS FISCAL YEAR 1979 - 1980 (in Constant 1980 Dollars) Residential Commercial Industrial Function ($/person) ($/acre)($/acre) General $ 53.43 $ 880.38 $ 875.14 Public Protection 122.29 1,376.10 1,395.19 " Public Ways and Facilities - 0.02 0.02 Health and Sanitation 6.62 - - Public Assistance 54.00 0.36 0.36 Recreation and Cultural Services 1.55 25.04 24.91 Debt Service 0.55 8.99 8.95 Total $238.44 $2-,290.99 '_ _ $2,305.17 . Source: County of Orange, County Administrative Office, "Interim Fiscal Impact Report Process Methodologies", October 1, 1980. 0 Table IV-9 PRQICCI'M M'NUAL R13.MING IASfS USING MMY-DE UVW MILTIPLIER, IUSIDINfLAI. DMI.01MYC C:I.Yl/ 1983 - 1999 (in Thousands of Constant 1980 Dollars) �mct tni, 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 titer ul $ 20 S 59 $ 88 $ 108 $ 128 $ 149 $ 175 S 201 $ 222 $ 241 tdl is Ih erection 45 134 203 248 293 342 401 459 507 S51 itl•lic N.tys and Facilities -- -- -- -- -- -- -- -_ __ __ �e.tlth .MJ SJnitUt LOn 2 7 11 13 16 19 22 25 27 30 '.tbltc Aa>tstance 20 S9 89 110 130 151 177• 203 224 243 ducat 101 _•4rctuen and Cultural .ht S;rc« e latul 1993 1994 1995 1996 1997 1998 1999 $ 264 $ 288 $ 308 $ 325 $ 343 $ 357 $ 360 605 660 706 745 786 817 825 33 36 38 40 43 44 4S 267 291 312 329 347 361 364 1 2 3 3 4 4 S 6 6 7 8 8 9 9 10 10 30 Y 1 1 1 1 2 2 2 2 2 3 _ 3 3 3 4 4 4 $ 88 • $ 26Z $ 395 $ 483 $ S72 $ 667 $ 782 $ 896 $ 988 $1,074 $1,180 $1,286 $1,376 $1,451 SI,S33 $1,593 $1,609 ote All calculations rounded to the nearest thousand_. i ' C•noit]•-d.•tived pc•r capita cost eultipliers are provided in Table IV-8. tl.at SSOO. u:c;. htlli srb-Auetelboek and Associates, inc. a r� ON Table IV- 10 PRQIELTED AMUAL RECURRING COSTS USING COMJIY-DERIVED MULTIPLIERS, CONWRCIAL DEVEWFMINI'S ONLY 1983 - 1999 (In Thousands of Constant 1980 Dollars) 1983- 199s- Function 1985 1986 1987 1988. '1989 1990 1991 1992 1993 1994 1999 General - $ 34 $ 34 $ 34 $ 34 $ 69 $103 $107 $107 $141 $141 Public 54 54 54 54 107 161 167 167 220 220 Protection Public Ways - 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ and Facili- " ties 11calth and - - - - - Sanitation public Assistance - 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ Education - - Recreation - 1 1 1 4 2 3 3 3 4 4 and Cul tural Services Debt - 2/ 2/ 2/ " 2/ 1 1 1 1 1. 1 Service Total $ 89 $ 89 $ 89 $ 89 $179 $268 $277 $277 $367 $367 Note: All calculations rounded to the nearest thousand. 1/ County -derived per acre cost multipliers are provided in Table IV-8. 2/ less than $500. Source: Williams-Auebelbeck and Associates, Inc. Table IV-11 PP.QiL'i.-MD ABLY M. GIINURAL M- D LWM FRMI ALL SOURCES 1982 - 1999 (in Thous;mds of Consttmt 1980 Dollars) l;n,te 1982 1983 ]981 1985 1986 1987 1988 '198!1 1990 1991 1992 1993 1994 199S 1996 1997 1998 1999 .k;::I i, is �ronrr $ 227 $ 227 $ 227 $ 227 $ 227 $ 227 S 227 $ 227 $ 227 $ 227 $ 227 $ 227 $ 227 S 227 S 227 $ 227 $ 227 '�l •�� 26 26 26 26 26 'SS ^ ,• 55 SS 55 SS 55 55 55 55 55 55 55 00.,: i.-,urnng Costs +.� . ... 88 Z62 395 483 S72 667 782 896 988 1,074 1,180 1,286 1,376 1,4S1 1,S33 1,593 1,608 V.,•,:erc:a1-3/ 89 89 19, 89 179 268 277 277 367 367 367 367 _367 26? •1 ••t•�1 $ 311 $ SIS $ 648 $ 82S $ 914 $1,009 $4,153 $1,357 $1,S38 $1,633 $1,739 $1,935 $2,02S $2,100 $2,182 $2,242 S2,257 '•, le: As 1 .alculations rounded to the nearest tjsewemd. IV-9. I ,•r ,.41c 11'-lo. I;ca>i'u.belbeck and Associates, Inc. per year at full development beginning in 1999. Of the total General Fund costs of $2,257,000 generated annually at full development by the proposed development, Road and Sheriff costs would amount to $282,000 or 12.5 percent. C. Net Fiscal Effect A comparison of General Fund revenues and costs related to the proposed Irvine Coast development is presented in Table IV-12 for each year until build -out has been reached in 1999. A review of Table IV-12 reveals the following: The proposed development would generate a revenue surplus to the County General Fund each year during the life of the program. The annual revenue surplus is projected at $138,000 in 1982, increasing to $5,617,000 at build -out in 1999.• At full development, the Irvine Coast program would contribute $7,874,000 per year to the General Fund, an amount which is 3.5 times as great as the annual General Fund expenditure of $2,257,000 generated by the proposed development. During the 1982-1999 development period, the cumulative revenue surplus associated with Irvine Coast would add to $55,422,000. Using a 4 percent real annual discount factor, the present worth of this revenue surplus generated between 1982 and 1999 is $33,751,000. la[c[ori Rmumes�/ levy: L\Penditures2/ AIIaLLII Surplas Cuawlatite Su111us G to 1982 $ 138 $ $ 138 $ $ 139 $ 1983 433 $ 341 92 S 230 $ Table IV-12 PROJECTED AWV1111. GUNTYAL FIND REVENUE SN WS 1982 - 1999 (in Thousands of Constant 1980 Dollars) 1934 1985 1986 1987 1988 1989 1990 2991 1992 1993 1994 1995 1996 1997 1998 1999 783 $ 1,063 $ 2,291 $ 2,499 $ 2,770 $ 3,018 $ 4,270 $ 5,383 $ 5,694 $ 5,933 $ 7,150 $ 7,369 $ 7,580 $ 7,741 $ 7,846 $ 7987.1 SIS 648 825 914 1,009 11153 1357 I.S38 1,633 1,739 1,935 2,025 22,100 2,182 2r2i2 2,257 268 $ 415 $ 1,466 $ 1,585 $ 1,761 $•1,865 $ 2,913 S 3,845 $ 4,061 $ 4,194 $ 5,215 $ 5,344 $ 5,480 $ 5,559 $ 5,604 $ 5,617 498 S 913 $ 2,379 $ 3,964 $ 5,725 $ 7,590 $10.503 $14,348 $18,409 $22,603 $27,818 $33,162 $38,642 $44,201 $49,805 SSS,422 Nut e: Al calculations rounded to the nearest tlwusand. Fr -ma Table IV-6. =/ Rua Table IV-11. Seuuce: Williams-Kucbelbeck and Associates, inc. V. SPECIAL DISTRICTS AND SCHOOLS V. SPECIAL DISTRICTS AND SCHOOLS This chapter concerns special districts and schools which would potentially provide services to the Irvine Coast Planning Unit and receive revenue from incremental property taxes generated by the proposed development. Affected special district funds include: Irvine Ranch Water District; Orange County Library District General Fund; Orange County Structural Fire Protection General Find; Orange County Flood Control District General Fund; Orange County Harbors, Beaches and Parks District General Find; Orange County Cemetery District #1; Orange County Vector Control District; Orange County Transit District; and Orange County Sanitation District #5 Operating. Affected school funds include: Laguna Beach Unified General Fund; Saddleback Community College General Fund; Irvine Unified General Fund; Newport -Mesa Unified General Fund; Coast Community College General Fund; and Department of Education County School Service Funds. A. Water and Sewer Water services in the development aiea_would be provided by the Irvine Ranch Water District (IRWD), which has -jurisdiction ovei-the resi- dential and commercial development areas planned for development on the subject property. Local sewer service and collection would be provided by IRWD, with Orange County Sanitation District #5 (OCSD #5) providing regional sewage collection, transmission and treatment. Services to the two tourist/recreation areas along Laguna Canyon Road would likely be provided by Laguna Beach County Water District, pending an agreement with IRWD. Details of this agreement have yet to be negotiated. 1. Irvine Ranch Water District IRKD has established two separate Improvement Districts (IDs) which would provide services to the project area. ID 141 would handle the provision of capital facilities for water; and ID 241 would handle provision of capital facilities for sewer. IRWD would install main sewer and water lines down the center of both arterials and all private streets. The developer would be respon- sible for providing connections from the main lines to individual lots. IRWD would also provide capital facilities as required to service the project area. IRM would charge the developer connection fees to hook into main service lines. The current fee schedule for tourist/recreational commercial areas is distributed between water and sewer as follows: $ 3,220 per acre for water 7,130 per acre for sewer $10,350 per acre Connection fees for residential dwellings would be $575 per unit for water and $1,173 per unit for sewer, or a total fee of $1,748 per dwelling unit. Based upon this fee schedule, IRWD would receive an estimated $5,152,000 in connection fees from the Irvine Company for installation of services to the projected 2,000 resi- dential units and 160 acres of commercial property presently proposed for development. Connection fees would only cover a portion of the capital cost requirements for providing services to the Irvine Coast area. The remaining portion of the costs would be covered through property taxes, either through a special bond levy or via funds allocated to EM within the Basic Levy. IRWD's original intent had been to finance capital costs in the development area through bond sales. Bonds would be retired through a separate bond levy within affected tax rate areas. In lieu of a bond sales program, however, IRWD Improvement Districts 104 and 204 were included as taxing jurisdictions within the Basic Levy rate in affected TRAs, to finance formation and start-up costs. With the passage of Proposition 13, they were continued within the Basic Levy rate, and theoretically would continue to receive revenues indefinitely. As shown in Table V-1, by full development in Year 1999 these two districts are projected to receive $3,311,000 annually in property tax revenues from the project area. However, after start-up costs have been covered probably about at mid -point of the build -out program, IRWD would not require the annual revenue, and would probably apply for a discontinuance of the Basic Levy rate.1/ Annual operating costs would be paid from monthly service fees for water and sewer, which would be charged to individual property owners based upon their usage levels. These service fees would cover all operations and maintenance costs. - Water and sewer services to the small portion of the development area along Laguna Canyon Road might be provided by Laguna Beach County Water District, under an agreement with IRWD. Any initial capital costs for providing services to these areas would be borne by the developer. Operating costs would be covered with monthly user fees Y 2. Orange County Sanitation District #5 (OCSD #5) orange County Sanitation'District #5 would have jurisdiction for treatment of sewage emanating from the project area. The district foresees no capacity problem at the existing treatment plant which Y Based upon discussions with IRWD personnel, October 1980. V Based on discussions with Laguna Beach County Water District. .ti Table V-1 PROPERN TAX REYINI0'S TO SPECIAL DISMICTS OIIOR 71M SCHOOL D1SMICTS WITHIN IRVINE COAST PRDM ARM (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 19D3 1994 1995 1996 1997 1998 1999 Irvine Ranch hater Dist. ID 1104 4 204 - Gen. had $30,710 $ 54 $ 139 $ 217 $ 349 $ 542 $ 756 $1,064 $1,307 $1,541 $1,858 $2,098 $2,343 $2,658 $2,874 $3,088 $3,219 $3,292 $3,311 Orange County Flcod Control Dist. - Gen. fund 5,140 24 61 95 124 162 184 216 242 279 312 337 364 409 432 457 474 483 485 County Structural Fire Protection - n,* ,;. , Gur. fund 19,527 90 231 361 469 609 696 819 916 1,060 1,186 1,284 1,382 1,556 1,647 1,741 1,801 1,835 1,844 Ccumty Library ' Dist. - Gen. Fund 6,608 30 78 123 159 207 236 277 310 359 401 435 468 52S S57 589 609 621 624 -Orange County ' laibor, beaches 6 Pans Dist. G:11. Fund 3,350 16 40 62 81 US 119 140 1S7 181 203 219 237 268 283 299 309 31S 316 Orange County frwi>it Dist. 875 4 10 16 22 27 31 37 41 47 53 s8 62 71 74 78 80 82 82 Ou:ngu County 1Laor Control Dist. 353 2 4 7 8 11 12 1S ,. 17 19 21 23 26 28 30 31 33 33 33 Orange County C votary Dist. 11 234 2 2 4 5 7 9 30', 12 13 14 16 16 19 20 20 21 22 22 Orange County Satlitatien Dist 15 Operating 5.288 26 6S 102 132 175 200 235 262 301 337 158 395 430 448 458 158 458 4:.8 Total $72,035 $ 248 $ 630 $ 987 $1,349 $1,845 $2,243 $2,813 $3,264 $3,800 $4,385 $4,828 $5,283 $5,964 $6,365 $6,761 $7,004 $7,141 $7,175 Source: Appendix Table A-17; Williano4mbelbock and Associates, Inc. would service the project area. Capital costs which CCSD #5 would incur include trunk lines and pumping stations as may be required. to service Irvine Coast. Payment for these capital facilities would be provided by the developer. User charges cover ongoing maintenance and operations expenditures related to the provision of sewage treatment. OCSD would receive revenues from property taxes from the development which the district may use to defray operating and/or capital costs. The projected annual revenue stream from the study area is illustrated in Table V-1. Total revenue from 1982 through 1999 is estimated at $5,288,000. Annual revenues at project completion are projected at $458,000. B. Fire Protection Services Fire protection services for the Irvine Coast project would be provided by the Orange County Fire Department. At present, service to the area, which is mostly uninhabited, is furnished by Emerald: -Bay (Station 11); a Fire Suppression Volunteer (FSV) department; and University.(Station 4) Fire Station, a full-time staffed station. `. Phasing of additional services for the newly developing Irvine Coast area would depend on the construction schedule for the 2,000 dwelling units. Based upon the projected construction schedule, fire depart- ment personnel estimate that in order to provide adequate protection services, a new fire station should be constructed and in operation by 1986-87. Before this station is constructed, fire protection would likely be provided to the area by a combination of: i) an,automatic aid agreement with the City of Newport Beach, and 2) extension of services from existing Orange County Fire Stations 4 and 11. Based on present working relationships with the City of Newport Beach, fire department personnel estimate that Newport Beach would be agreeable to providing interim services to the Irvine Coast property on a contract basis. The County is presently paying $127,000 for a similar contract with the City of Newport Beach for protection services to an area bounded by Campus Drive, Jamboree Road and MacArthur Boulevard. A similar cost has been assumed for the Irvine Coast property for the time period from the inception of lot sales, until a new station is con- structed within or near the project area. The Fire Department has indicated that $127,000 is probably higher than the costs which will actually'be incurred, since the Irvine Coast area is less densely developed than the comparison area. Additional costs to the County for fire protection services during the Irvine Coast development period would include: construction of a permanent fire station facility on or adjacent to the Irvine Coast property; and annual maintenance and operational costs for this permanent facility, including costs of wages, salaries and benefits. Construction costs for a new station and equipment have been estimated by the Fire Department as follows: Site Acquisition $125,000 Station Construction 6002000 $725,000 Wild Land/Structural Engine 85,000 Total Cost, New Station Construction $810,000 Annual operational costs have been estimated as: Salaries and Benefits for 3 personnel at all times (8 positions) $28S,000 Services, Supplies, Support and Overhead 90.000 Total Annual Costs $375,000 Personnel costs are based upon a 72 hour work week presently scheduled for Orange County Fire Department personnel. However, the Fire Department is undergoing a negotiation process with personnel, and the work week may be reduced to 56 hours. In that case, personnel costs would increase accordingly. Existing work week schedules and salary costs are used in the analysis. An annual estimate of costs and revenues to the Fire Department from Irvine Coast development is presented in Table V-2. Revenues would accrue entirely from property taxes and are estimated at $19,527,000 for the 1982-1999 development period. Costs during this same time frame are estimated at $6,568,000, Therefore, the development is pro- f jected to generate $12.4 million in excess revenues to the Structural Fire Protection District between 1982-1999. C. Orange County Library District Library services in the planning area would be provided by the Orange County Library District. The nearest Orange County Public Library facility to the Irvine Coast area is the Laguna Beach Branch. This branch is approximately three to six miles from the residential develop- ment planned for the Irvine Coast. The County Library currently has no plans to build a facility on the Irvine Coast property. Library service could be provided on the subject property via the 'Books -by -Mail" program or bookmobiles. 7 0uiget Cate or Property Tax Retenues 1/ II.esb: Costs Net Surplus/ (Micit) Cuculative Sugdus/ (I)c£:ctt) Table 9-2 PRAJBCM AM M REVENUES AND COSTS TO ORAN(1i CORM STIUMIiA1. FIRE PROTMTICN DISTRICT 1982 - 1999 (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1999 1999 $19,527 $ 90 $ 231 $ 361 $ 469 $ 609 $ 696 $ 819 $ 916 $1,060 $1,186 $1,284 $1,382 $1,556 $1,647 $1,741 $1,801 $1.835 $1,844 6,568 127 121 127 9372/ 375 375 375 375 375 375 375 375 375 37S 375 37S 375 375 Y 12,959 (37) 104 234 (468) 234 321 444-1.. S41 685 811 909 1,007 1,181 1.272 1,366 1,426 1,460 1,469 12,959 (37) 67 301 (167) 67 388 832 1,373 2,058 2,869 3,778 4.785 5,966 7,238 8,694 10,030 11,490 12,959 Note: All calculations retarded to the nearest thousand. 1/ From Appendix A, Table A-14. 2/ Includes cost of fire station construction and equipment, estimated at $810,000:' Suun:e: Orange County Fire Department; Williams-Kuebolbeck and Associates, Inc. A review of the County Library's service standards indicates that the Laguna Beach Branch could accommodate the entire Irvine Coast population in the future without creating a deterioration in service. The County Library has established a service standard which can be used to determine whether or not a local branch is of an adequate size (floor area) to serve the local community. The present library standard is five people per square foot of library building area. By this standard, if the relationship between local population and library building size exceeds five or more, then the library service to the community is considered to be less than adequate. The Laguna Beach Branch contains 9,611 square feet of floor area and according to the County standard could serve 48,055 persons. The branch presently serves 19,345 persons and is projected to serve 23,411 persons by 1990. Assuming that the Irvine Coast build -out population of 6,745 persons would frequent the Laguna Beach Branch, the resultant service population would nevertheless be'below the population level which this Branch is designed to serve. Table V-3 projects direct library service costs imposed by Irvine Coast residents by multiplying: a) the annual number of new residents; by b) the relationship between the Library Budget and the estimated number of County residents served by the system. Information provided by the County Library reveals that the branch libraries collectively serve a population of approximately one million persons. With a 1979-80 budget of M l million, the average cost per resident is approximately $7. On this basis, increased costs to the County Library from Irvine Coaac have been projected to range from $3,000 in 1983 to a maximum of $47,000 by 1999. Category Population Libraryy Revenues Library Costs Atuuul Surplus Cumtlattve Surplus 1 Table V-3 PROJEC IM AWWOAL COUNTY LIBRARY REVENUES M COSTS 1982 - 1999 (in Thousands of Constant 1980 Dollars) 1982 1983 1984 1985 1986 1987 1989 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 -0- 372 1,098 1,656 . 2,028 2,400 2,796 3,276 3,756 4,146 4,508 4,946 5,393 5,772 6,092 6,425 6,682 6,74S S 30 $ 78 $ 123 S 159 $ 207 S 236 $ 277 $ 310 $ 359 $ 401 $ 435 $ 468 S 525 $ 557 $ S89 $ 609 $ 621 $ 624 -0- 3 8 12 14 17 20 23 26 29 32 35 38 40 43 45 47 47 30 75 11s 147 193 219 257 287 333 372 403 433 487 517 546 564 S74 577 30 10s 220 367 560 779 1,036 1,323 1,656 2,028 2,431 2,864 3,351 3,868 4,414 4,978 S,552 6,129 'N Assures a per capita factor of $7 per additional resident. Scwce: Willis-Kuebelbeck and Associates, Inc. On the revenue side, the County Library district would receive property tax revenues from the Irvine Coast Planning Area, estimated at $624,000 annually by 1999. As shown in Table V-3, projected revenues from the area exceed projected costs in each development year 1982 through 1999. The circulative surplus is projected as $6,129,000 by 1999. D. County Harbors, Beaches and Parks The State of California owns, operates and maintains Crystal Cove State Park and is also responsible for beach maintenance within the project area. The U.S. Forest Service would be responsible for main- tenance of any Federal Park lands which are acquired. The Homeowners Association would be responsible for maintenance of the Las Trancas Canyon private recreation area. The County Harbors, Beaches and Parks District, which is under the jurisdiction of the Environmental Management Agency, may be responsible for maintenance of the-2,650-acres:of conditionally dedicated open space land in the Emerald Cove area. 31i .park area would conditionally be dedicated to the County by The Ir%ane Company in three phases as designated areas from the development plan are subdivided and sold. Approximately one-third of the acres would be dedicated to the County in 1986; another one-third by 1991; and the remaining one-third by 1997, based upon the proposed schedule for development. If the rate of development is slowed, park lands would also be dedicated at a slower rate. Maintenance costs for open space areas such as the proposed conditional dedication area are presently estimated by the County at $100/acre. Therefore, maintenance costs would increase as more park acreage is acquired. They are estimated at $90,000 annually in 1986; $180,000 in 1991; and $265,000 annually by 1997 when all open space lands would have been dedicated. County Harbors, Beaches and Parks is a special district which receives property tax revenues within the Basic Levy Rate. A comparison of costs to maintain conditionally dedicated open space areas, and revenues received by the Fund from property within the development area, is presented in Table V-4. Table V-4 CONTARISON OF COSTS AND REVENUES FOR ORANGE COUNTY HARBORS, BEACHES AND PARKS DISTRICT, SELECTED YEARS 1982 - 1999 (in Constant 1980 Dollars) Annual Year- Property Tax Revenue Costs Surplus 1982 $ 16,000 -0- $ 16,000 1986 105,000 $ 90,000 15,000 ].991 203,000 180,000 23,000 1999 316,000 265,000 51,000 Source: Williams-Kuebelbeck and Associates, Inc. The comparison indicates that at project completion in 1999, this district would receive an estimated $51,000 more in annual property tax revenues from the area than it would expend in ,providing services to the open space areas within the development. Although a surplus to HPBD would result from the development, the added population within the Irvine Coast project area would presumably increase demand/costs for services at other HPBD facilities within a 15-mile radius of the project area. No cost of services estimates for these facilities and level of population have been provided by HPBD. E. Orange County Flood Control District Orange County Flood Control District falls under the jurisdiction of the Environmental Management Agency (BA). This district would be responsible for maintenance of any flood control channels in the project area. No flood control channels are planned as a result of project development and there has been no history of flooding or damage in the project area. Therefore, although projections of Flood Control District costs for the area have not been made, they are expected to be relatively small. The drainage system envisioned for the project area would maintain the use of the existing natural drainage system and the canyon bottoms. Desiltation basins and retention basins might need to be installed to slow down the water if any increase in runoff from residential develop- ment occurred. If these were installed and dedicated to the County, then the Flood Control District would be responsible for their main- tenance. In summary, the concept of drainage envisioned for the Irvine Coast project area would be to maintain the natural level of erosion. No major flood control channels would be required. Costs for installa- tion of any drainage systems within the project area would be borne by the developer. The County Flood Control District might be responsible for periodic maintenance of basins which might be installed in canyon bottoms. No costs have been developed for this maintenance. The Flood Control District's sole source of revenue is from property taxes. Property tax revenues to this district from the development are shown in Table V-1. Total revenues are projected at $5,140,000 between 1982-1999. Annual revenues at project completion are projected at $485,000. F. School Districts The project area lies within the jurisdiction of three school dis- tricts: Irvine Unified, Newport -Mesa Unified, and Laguna Beach Unified School Districts. This section discusses potential impacts to each district from project development, and the overall impacts of recent tax legislation on revenues which school districts may receive. State of California legislation which includes Proposition 13, SB-90 and the Gann Tax Revenue Limit Initiative places a limitation on revenues which school districts may receive. These limitations result in no fiscal benefit to local school districts from increases in assessed valuation. School districts are limited by State law as to the amount of money they may expend per pupil. For example, Irvine Unified's present expenditure limit is $1,973 per pupil, and they are unable by law to spend more than this amount. School districts are allowed annual inflationaiy increases in per pupil expenditures of a minimum of 2 percent and a maximum of 10 percent. The amount of increase to be allowed -is decided'by.the State each year. In 1980-81, Irvine Unified will receive 70 percent of its revenues from the State, and 27 percent from property taxes. If the District's assessed valuation were increased and more revenue received from property taxes, the State's contribution to school district revenues would decrease correspondingly. In any event, total revenues which the school district may receive from all sources may not exceed the State mandated ceiling per student. With these limitations in mind, impacts of the Irvine Coast development on affected school districts are discussed herein. 1. Irvine Unified School District Approximately 52 homes would be constructed within the present jurisdiction of the Irvine Unified School District. District : .a,..: . r „ .. _ , ao: ,..M!?. tr,8N,47b�f•;v„a officials stated that a generation factor of 0.93 students per dwelling unit was utilized by their district.11 No school children are anticipated from the project area until 1995, when areas within the jurisdiction of Irvine Unified would be developed. Utilizing the generation factor of 0.93, approximately 30 school children would be expected by 1995, and a total of 48 by 1996. Irvine Unified presently expends $1,973 per pupil per year. Multi- plying this cost by the projected numbers of students each year yields an estimated annual cost to the District of $59,000 for 30 pupils in 1995, and $95,000 for 48 pupils in 1996 and beyond. Irvine Unified officials indicated that no capacity would exist for these students within existing facilities and that new facili- ties would need to be constructed if the students were to be accommodated. Capital costs for construction were estimated by the District at $8,300 per student for grades K-6th; $10,000 per student for grades 7-8; and $12,500 per student for grades 9-12. A maximum construction cost of $600,000 for new capital facilities':. might be attributable to the Irvine Coast development. { The Irvine Unified Board has suggested deannexation of portions of their territory which include the Irvine Coast project area, and its annexation by the Newport -Mesa Unified District. However, no formal action has occurred. •If this annexation were approved, project area students would attend schools within the Newport -Mesa District. Newport -Mesa has excess school capacity and would easily be able to accommodate the addititional students. Therefore, construction of new capital facilities would not be required under this scenario. Telephone interview with Mr. King, Director of Planning Facilities, Irvine Unified School District, October 15, 1980. If deannexation were not approved, the costs of providing the interim school facilities would be paid from the District's General Fund, until permanent school facilities were constructed under the Leroy F. Greene State School Building Program. Since net revenues to the District's General Fund would not increase under present tax legislation, the costs of providing interim housing for the 48 projected students would have an adverse fiscal impact on the school district. For purposes of this analysis, the assumption is made that the portions of the project area which are presently within the boundaries of the Irvine Unified District would be annexed to Newport -Mesa Unified School District. Irvine Unified would experience no cost increases as a result of the development. Although increases in assessed valuation would yield $133,000 annually in increased property tax revenues to the Irvine Unified General Fund, these increases would be offset by decreases in State contributions, so that the net result would be no impact to the school district from project development. 2. Newport -Mesa Unified School District Newport -Mesa School District would serve the major portion of the project area, encompassing 1,360 of the 2,000 projected homes by 1999. -The school district's experience has been that homes in the price ranges projected for Irvine Coast generate only 0.1 students per dwelling unit.I/ Therefore, ten dwelling units would have to be constructed before one school child enters the educational system. A factor of 0.5 students per dwelling unit should be used for the medium density houses scheduled for development in 1988 and 1989. 1 Per telephone interview with Dale Wooly, Newport -Mesa School District, October 15, 1980. Based upon these generation factors and the development's, anticipated phasing schedule, the number of students projected for the Newport -Mesa School District was estimated. Annual esti- mates are presented in Table V-5. By 1999, students from the project area would total 168. An additional 48 students anticipated from the Irvine Unified School District area would increase the number of total projected students from the development to 216. The Newport -Mesa School District is presently at 66 percent of capacity, and District officials anticipate that the students generated from the Irvine Coast project area would easily be accom- modated within existing facilities.1/ No additional capital costs would be expected because of project development. The school district estimates that it will expend $2,305 per student in 1980-81. Annual projected costs and revenues, based on the phasing program, are developed in Table V-5. Total costs for project area students in 1999 would be $498,000 based on a student _ population of 216.-:"Property tax revenues to the school district from the project area would total $4,065,000. Incremental tax revenues would exceed incremental costs by $3,567,000 annually. Under exist- ing State legislation, these surplus revenues would be used to decrease the amount of State contributions to the school district, and no net revenue increase would be realized. If the higher student generation factor of 0.93 utilized by neigh- boring Irvine Unified School District were applied to the Newport - Mesa area, 1,275 students would be expected from the 1,360 homes within the project area, plus 48 from the Irvine Unified area. Based upon the cost factor of $2,305 per student per year, costs to the district in 1999 would total $3,050,000 annually. Annual 1 Per telephone interview with Dale Wooly, Newport -Mesa School District, October 15, 1980. Table V-5 PROJF.Ci£D FISCAL AIPACT OF IRVINE COAST MEIDDOU NWORT-WSA SCHOOL DISMICr 1983 - 1999 '(in Thousands of Constant 1980 Dollars) 1996- 1983 1984 1985 1986 1987 1988 9989 1990 1991 1992 1993 1994 1995 1999 Projected Studentsl 11 33 49 60 71 111 13S 144 ISO 151 155 158 194J 21691 Annual Cost3/ S 25 S 76 $ 113 $ 138 $ 164 $ 256 S 312 $ 332 $ 346 $ 348 $ 357 $ 364 $ 447 S 498 Total Annual Revwwe from Incremental Property Taxes ±/ 728 1.174 1,539 2,072 2,325 2,808 3,095 3,503 3,600 3,635 3,708 4,065 4,065 4,065 =' Based on a student generation factor of .1 per duelling emit for low density, and .5 per dwelling unit for median density. 55 meits in 1987 and 25 units in 1988 will be median density. ' =� Includes 30 students anticipated from present Irvine Unified School District area in 1995; and 48 in 1996. =� Based on a per -student cost of $2,30S per year. 4� From Table A-17. Ikeder existing tax legislation, this incremental revenue'WMil serve to decrease State's contribution to school district, and *Hold not affect the expenditure level per student. Source: Williams-Kuobelbeck aced Associates. Inc. anal Newport -Musa Unified School District. Y revenues from property taxes, $4,065,000, wauld-still exceed district costs by $1,015,000. Analysis of impacts to the Newport -Mesa School District utilizing their own student generation factors indicates that an annual operating surplus of $3,567,000 would be expected from the project area. A sensitivity analysis utilizing higher student generation factors estimated by the neighboring Irvine Unified School District indi- cates that an annual surplus of $1,015,000 would still result, even using the higher factors. Newport -Mesa School District would not experience any negative fiscal impacts from the Irvine Coast development, even if a student body larger than presently antici- pated is generated. Although increases in assessed valuation would yield increased property tax revenues to the school district under either scenario, these increases would-be offset by decreases in the present level of State contributions; so that the net result would be no fiscal impact to the school district from project development. 3. Laguna. Beach Unified Fund Information on student generation factors and projected costs per pupil had not been received from Laguna Beach Unified District at this writing. Approximately 588 homes from the development area would be within the jurisdiction of this school district. Revenues from property taxes would accrue to this district beginning in 1985. projections of annual revenues are shown in Table V-6. They will grow to $1,248,000 annually by project build -out. Revenues are anticipated to be sufficient to cover the incremental costs of any additional students generated to this school district from the project area. Table V-6 P9OPEW TAX ikNMS 70 SOVOL DISFOICIS, CCIMtMITY COLLEGES AND DEPARMIT OF EDWATION DISTRICTS 1982 - 1999 ' (in Thousands bf Constant 1980 Dollars) :t Total 1982 1983 1984 INS 1986 1987 AqW.,' ` I989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 -Wsa ' ' I fiord $S0,740 $ 291 $ 752 $1,177 $1,4SB $1,874 $2,115 $2,516 $2,832 $3,202 $3,282 $3,33S $3,481 $3,897 $4,046 $4,118 $4,121 $4,121 $4,121 Unified 664 -- -- -- -- -- ,-- -- -- -- -- -- Ss 87 126 130 133 133 Beach I Fund 8,682 -- -- -- SO 78 110 110 110 178 410 599 723 795 877 1,017 1,150 1,227 1,248 oast Cmmu- .ity College general Ford 14,148 80 210 327 406 523 S90 ', 101 ' 790 893 91S 929 971 1,087 1,128 1,148 1,150 1,150 1,150 addleback C.C. kneral Fund 3,342 -- -- -- 18 29 40• 40 40 6S 1S2 221 266 30S 342 403 4S2 481 4S8 kept. of Educa- ion School unjs 3,260 12 30 48 66 86 101 117 129 154 189 217 240 268 286 309 327 339 272 Total $80,836 $ 384 $ 992 $1,S52 $1,998 $2,590 $2,9% $3,484 $3,901 $4,492 $4,948 $S,301 $5,681 $6,407 $6,766 $7,121 $7,330 $7,451 $7,4S2 ;Jute: Appendix Table A-17; Nillians-Kuobelbeck and Associates, Inc. 4. Community College Districts The project area lies within the jurisdiction of two community colleges: Saddleback Valley and Coast Community Colleges. Property tax revenues projected for these districts are shown in Table V-6. Coast Community College would receive property tax revenues from the project area beginning in 1982. These revenues are estimated at $80,000 in 1982; $893,000 in 1990;.and $1,150,000 annually by 1999. Saddleback Valley Community College General Fund would receive property tax revenues from the project area beginning in 1985. Revenues are projected to grow to $488,000 annually by 1999. Although student generation and cost factors were not received from these districts, the expectation is that property tax revenues from the project area would exceed the costs of providing services to these areas. S. Department of Education County School Service Funds--' Special Department of Education County School ServicefFunds-would also receive annual revenue from incremental property taxes. These finds have been aggregated into one category, and annual revenues are shown in Table V-6. Revenues to these funds at project comple- tion in 1999 would amount to 2 percent of all incremental school revenues, or $342,000 annually. Costs for these districts have not been estimated, but the expectation is that property tax revenues from the project area would exceed the costs of providing these services to the area. G. Other Districts Other districts which will receive revenue from and provide services to the project area include: Orange County Vector District; Orange County Transit District; Orange County Cemetery District. The Vector District provides mosquito abatement control throughout Orange County; other districts provide public transit services and cemetery services. Each district would receive property tax revenues from the project area. Annual revenue streams for each district are shown in Table V-1. The Cemetery District would receive total revenues of $234,000 from 1982 through 1999. Annual revenues in 1999 are projected at $22,000. The Vector District would receive total revenues of $353,000 from 1982 through 1999; annual revenues in 1999 are projected as $33,000. The Transit District would receive total revenues of $875,000 through 1999; annual revenues in 1999 are projected as $82,000. H. Landscaping and Lighting District A countywide landscaping and lighting district was formed in July 1980, to finance lighting services by benefit assessment in newly developing unincorporated areas of Orange County. All new development areas not within County Service Area boundaries have been recommended by the subdivision committee of the Environmental Management Agency for inclusion within this benefit assessment district. In all likeli- hood,cannexation to -this district would be required as a condition of tract map approval for the Irvine Coast Planning Unit.l,I The district would provide street lighting services to the project areas. Property owners would be assessed for services provided by the district on the basis of costs. No costs would accrue to the General Fund or other property owners not located at Irvine Coast. The district, formed in July 1980, has no operating history and will not receive funding until July 1981. Therefore, at the time of report preparation no estimates of costs for providing services to the Irvine Coast Planning Unit were available. 1 Per telephone interview with Bob Hamilton, EKA Special Districts Admin- istrator, October 1980. I. Irvine Coast Homeowners Association A Homeowners Association (HOA) would be formed within the Irvine Coast project area. This HOA would be responsible for maintenance of the private roadway system (all roadways except for the two main arterials, Pelican Road and Sand Canyon Avenue) . The HOP. would provide and pay for a private security force. Los Trancos Canyon Park, proposed to satisfy County local community park requirements and presently envisioned as private open space area, would be deeded to the HOA, which would be responsible for park maintenance. Finally, the HOA would provide all other private services that might be required by the Irvine Coast development. These services might include maintenance of any slope areas along roadways not dedicated to the County; maintenance of canyon areas; maintenance of private drainage and flood control systems, etc. The HOA would be funded by assessments to homeowners within the project area. J. County Service Areas .Historically, a County -Service Area (CSA) might have been responsible_ _for providing services such as public road maintenance, slope and `landscaping maintenance, etc. Since under the provisions of Proposition 13 no CSA's may be funded through property taxes, services formerly provided within CSR's would either be performed by the HOA or would be paid for from the County General Fund. Road maintenance has been included as a General Fund function in this analysis. No County Service Areas have been formed in Orange County since the passage of Proposition 13. Although CSR's may be formed, they presently lack a mechanism for receiving funds. Pending Board of Supervisors policy, new CSA's might receive monies diverted from the General Fund revenues. If CSR's could be funded, a County Service Area might be formed within the project area and services such as road maintenance provided within the context of a CSA. For the present analysis however, we have handled these services within the General Fund. K. Bonds In 1979-80, the eight tax rate areas which cover the Irvine Coast Planning Unit included a total of 18 separate bond jurisdictions. Payments to these jurisdictions are reflected by any tax rates above the $4.00 basic levy rate within these tax rate areas. Total tax rates for all property within affected TRA's ranged from 4.2410 to 4.2979, with the exception of TRA 81-028, which had a higher rate of 5.0645. Existing bond issues within the TRA's accounted for all rates above 4.00• Bond jurisdictions which would be impacted by new development within the project area are listed in Table V-7. As the assessed valuations within these jurisdictions increased from the new development, the tax rates necessary to raise the annual net requirements for retirement of the bond issues would decrease. Annual net requirement is assumed constant every year until the bond maturity date. As illustrated in Table V-7, all affected bond issues would expire between the years 1983-2000. Table V-8"shows-the projected impacts from the development on tax rates in 1991, for bond£ -issues which have- not expired by that date. In affected areas, the added assessed valuation from the Irvine Coast project would have the effect of reducing bond tax rates by .0003 to .0519. The magnitude of rate reduction is dependent upon the proportion of Irvine Coast assessed valuation to total assessed valuation for the bond jurisdiction. Table V-9 presents a similar analysis for 1999, the year of project completion. Rate reductions range from .0026 to .0653. By 1999 the majority of the impacted bond issues would have matured, and payments would no longer be required. Table V-7 EXISTING SECURED VALUATION, TAX RATES, REQUIRBENIS AND MATURITY DATES FOR BOND JURISDICTIONS WITHIN IRVINE COAST 1979 - 1980 Bond Jurisdiction San Joaquin El. NMU-SJ 1966 Bond I/R Fund Tustin HSHS-NMU-JO 1966 Bond I/R Fund Newport -Mesa Unif. Bond I/R County Improvement Bonds Election 1956 I/R Fund Orange County Flood Control Dist. Bond I/R Fund Metro. Water Dist. - Mn. Orange Co. Annex 15 Orange County Sanitation Dist. 15 Bond I/R Fund Irvine Ranch Water Dist..Bond I/R Fund Metro. Water Dist. CMO Original Area Newport Beach El. S75 JO Anx. Bond I/R Fund Newport Harbor HS-NPT BCH El. Bond I/R Fund Tustin KS-NPT Bch El. Bond I/R Fund Newport -Mesa Unif. Newport Bch. E1. St School Bldg. Aid • Laguna Beach U-Basic Bond I/R Fund Saddleback Comm. College Bond I/R Irvine Unified Bond I/R Fund Irvine Unif. State School Bldg. Aid San Joaquin El. Basic Bond I/R Fund Total Assessed Secured 1 Tax Net Annua72/ Maturity Va]uation Rate Requirement Date 1,651,022 .0181 ; 29,833 1994 1,651,022 .0232Y '38,303 1994 2,225,276 .0012 2,670 1994 11,457,335 .0922 1,056,366 1991 104,465,076 .0028 29,250 1997 107,539,879 .0146 1,570,082 1996 812,882 .0900 73,159 4/ 6,208,608 .0047 29,180 1990 3,490,79S .1702 594,133 1998 75,693,112 .0900 6,812,380 4/ 129,720 .0185 2,400 1983 9,436,330 .0488 460,493 1985 2,225,276 .0012 2,670 1985 4,983,852 .0298 148,519 1983 2,428,126 .1093 265,394 1993 26,542,766 .0243 644,989 1988 5,274,845 .5460 2,880,065 1999 5,124,801 .2887 1,479,530 2000 S,243,474 .0687 360,227 1994 1 In hundreds of 1980 dollars. Net Requirement defined as Total Requirement minus a) any carryover from previous year; b) prior year's obtainment of delinquent taxes; and c) revenue from unsecured property taxes. Total secured valuation is divided into Net Requirement to obtain the Bond Rate. Here total secured valuation is multiplied by the Tax Rate to obtain the Net Requirement. 3/ Two bonds, Tustin High School and Newport -Mesa Unified; San Joaquin, combined by county. 4/ Information unavailable. Assumed to continue through 1999. ' Source: 1979/80 Tax Rate Book, County of Orange. 1979/80 Assessed Valuation, County of Orange; June 30, 1979 Statement of Bonded Indebtedness, County of Orange; Williams-Kuebelbeck and Associates, Inc. Bond Jurisdiction) San Joaquin Ed-NMU SJ 1966 Bond I/R Fund Tustin 11S "-S JOf 1966 Bond I/R Fund Newport -Mesa Unified Bond I/R Fund County Improvement Bonds Election 1956 I/R Fund G Orange County Flood Control Dist. Bond I/R Fund Metro -Water Dist. - Municipal Orange Co. 'Annex 15 Irvine Ranch Water Dist. Bond I/R Fund Metro -Water District-CMWO-Original Area Laguna Beach Unif. Basic Bond I/R Fund Irvine Unified Bond I/R Fund Irvine Unified State Sch. Bldg. Aid San Joaquin E1 Basic Bond I/R Fund 'a 'fable V-8 ADDED SECURED VALUATION F101 IRVINE COAST DEVELOININT AND IMPACr ON BMD TAX RXIES: 1991 (In Constant 1980 Dollars) Added Se9yed Total Vdluation_ From Irvine Coast + Secured 3/ Net Projected 1979/80 Net Tax ValuationRequirement Tax RatW Tax Rate Rate Reductions/ $ 1,668,000 $ 3,319,022 $ 29,833 .0090 .0181 .0091 2,458,022 38,303 .0154 .0232 .0078 1,668,000 3,059,276 2,670 .0009 .0012 .0003 1,668,000 ' ' 13,125,335 1,OS6,366 .0805 .0922 .0117 2,790,500 107,255,576 29,250 .0003 .0028 .002S 2,790,500 110,046,076 1,570,082 .0143 .0146 .0003 1,105,500 4,596,29S 594,133 .1293 .1702 .0409 993,750 76,686,862 6,812,380 .0888 .0900 .0012 431,250 2,859,376 265,394' .0928 .1093 .0165 -0- 5,274,84S 2,880,065 .5460 .5460 .0- -0- 5,124,801 1,479,530 .2887 .2887 -0- -0- 5,243,474 .360,227 .0687 .0687 -0- Includes only bonds not matured by 199 1 (see Table V-7). In hundreds of dollars. From Table A-7. 3/ Added Secured Valuation colmmD plus 1979/80 Secured Valuation from Table V-7. 4/ Net requirement, divided by total secured valuation. Requirement assumed constant overtime. s/ 1979/80 Tax Rate minus projected tax rate. 6� Combines Tustin Nigh School and Newport Mesa Unified San Joaquin Bonds. Added secured valuation assumed to accrue equally. Source: 1979/80 Tax Rate Boole. Comity of OranVe' 1Q7QIRn G<CPC d Vnl,mtinn rn.mty of fli•aaan• L..... in 1070 gtatumnnt of Pnndnd indnhtedn+cs. rA mtv C N V Band Jurisdictions Metro- Water District Municipal Orange Co. Annex IS l*tro-Water District C410 Original Area Irvine Unified Bond I/R Fund Irvine Unified State School Bldg. Aid Table V-9 ADDED SECURED VALUATION FROM IRVINE COAST DEVBL013.tW AND IMPACT ON BOND TAX RATES: 1999 (In Constant 1980 Dollars) Added Secured Valuation= $2,144,250 2,232,000 99,500 99,500 ' Total Secured Valuation 1li�. hin Net Project" Irvine CoastRequirement Tax Rate_ $ 2,957,132 $ 73,159 .0247 1979/80 Net Tax , I Tax Rate Rate Reduction-' ,0900 .0653 77,925,112 6,812,380 .0874 .0900 .0026 5,374,345 2,880,065 .5359 .5460 .0101 5,224,301 1,479,530 .2832 .2887 .0055 Only includes bonds not yet matured by 199 9 (see Table V-7):. 2/ In hundreds of dollars. From Table A-7. 3/ Added Secured Valuation column plus 1979/80 Secured Valuation from Table V-7. 4/ Net requirement divided by total secured valuation. s/ 1979/80 Tax Rate minus projected tax rate. Source: 1979/80 Tax Rate Book, County of Orange; 1979/80 Assessed Valuation, County of Orange; June 30, 1979 Statement of Bonded Indebtedness, County of Orange; Williams-Kuebelbeck and Associates, Inc. -T-01\II 1 , APPENDIX A DERIVATION OF PROPERTY TAX REVENUES This Appendix outlines in a step-by-step analysis the methodology used to calculate property tax revenues which would be generated by the devel- opment of Irvine Coast Planning Unit. The analysis is based upon the development schedule and phasing program outlined in the body of this report and reflects tax revenues under Proposition 13 and AB-8 legis- lation. Table A-1 shows the number of custom lots sold each year by Tax Rate Area (TRA). This information was generated from The Irvine Company's Development Phasing Plan and County Assessor maps. An overlay map was created from assessor maps showing TRA boundaries. The amount of devel- opment per TRA per year was estimated, and the phasing schedule was matched with the development expected in each TRA, yielding development over time per TRA. Ten TRA's would receive revenues from the develop- ..1dent area. These are:- 55-017; 55-031; 55-036; 55-056; 55-066;.66-030; 66-035;_ 66-036; 66-037; and 81-028. Since taxing jurisdictions of 66-035, 66-036 and 66-037 are very similar they have been collapsed into one TRA, 66-036, and the analyses performed for eight TRA's. A breakdown of the taxing jurisdictions which receive revenues within these TRA's, and the proportion of revenues which the jurisdictions receive, was obtained from the Orange County Auditor -Controller's office. Allocation factors to taxing jurisdictions within each TRA have been calculated by the Auditor's office, based on 1979/80 alloca- tions, in accordance with Proposition 13 and AB-8 legislation. Under existing legislation, these factors will remain constant over time. They have been assumed constant for our analysis. ME Table A-2 shows the projected market value which would accrue each year from the phased sale of custom lots, by tax rate area. Lots are antici- pated to sell for an average price of $350,000°each. Table A-3 projects the number of homes which would be added each year, by tax rate area. Table A-4 illustrates the added market value of the new construction, at an average value of $415,000 per dwelling unit. Tables A-3 and A-4 are based upon the assumption that 50 percent of the custom lots sold in Year 1 would have new homes completed by the end of Year 2, and that the remaining 50 percent would have homes completed by the end of Year 3. The average market value of the completed residences and lots is projected at $765,000 each. The value of the lot and resi- dences would be added to the tax rolls separately because of the initial custom lot sales program and the anticipated lagged construction of residences. Table A-4 projects added market value of the commercial property, per TRA per year. Values for the commercial property reflect construction cost for the improvements only. Since;land ownership would be retained by The Irvine Company, base land valiiewould-not increase for property tax purposes by other than the allowable inflation rate of 2 percent per amu m. Since this analysis is performed in constant dollars, no inflation factor has been included. Construction costs for the hotels are projected at $100,000 per room. Construction cost of freestanding retail is pro- jected at $60/square foot. Medium density homes which are assumed to be pre -built for this analysis are also included within Table A-5. Market value is projected at $765,000 each. Commercial development under the present schedule would commence in 1986, with the final phase of commercial development projected for 1994. Table A-6 aggregates the yearly added market value per TRA from Tables A-2, A-4 and A-5. Added market value for the development area at project completion in 1999 is projected as $1,750,100,000. Table A-7 projects incremental property tax revenues which would be added annually during the development period, for each TRA. Table A-8 'reflects the cumulative revenues which would be received by each TRA. Property tax revenues which would be received by all TRA's within the project area would total $183,064,000 for the years 1982-1999. Tables A-9 through A-16 reflect the breakdown of taxing jurisdictions which receive property tax revenues within the eight separate TRA's, and the annual amount of revenues these jurisdictions would receive during the development program. Table A-17 is the end result of the analysis. This table projects total property tax revenues received by each of the affected taxing jurisdic- tions for each year during the development period. At the end of develop- ment, the amount of revenues to be allocated among the jurisdictions would be $17,505,000 annually. A-3 I Y TRa Total 55-017 800 55-031 272 SS-036 46 55-056 22 SS-066 215 66.030 265 66-056 328 81-028 52 Total 2,000 Table A-1 'PROPOSBD•nmw LOP smm, IRVIWB COAST PINT, AMMLY BY TRA 1082 - 1997 1982 1983 1984 1985 1986 1987 1988 1989 199D 1991 1992 1993 1994 1995 1996 1997 40 110 125 160Y 125Y 2S 33 116 61 5 110 110 52 46 12 10 110 105 40 78 110 37 60 82 82 77 27 - - - - - - - - - - - - 47 - 5 - - - 220 215 64 110 110 125 165 12S 107 82 1S0 143 154 83 115 37 n Includes m-diva density lot and hone sales. Source: Irvine Canpany Proposed Phasing Schedule, Mazimm Density Development; Orange County Assessors Map Books; Williams-Kuebelbeck and Associates, Inc. TRA 55-017 55-031 y Si-036 i to SS•U56 55-056 66-050 66.036 81-028 Total A Table A-2 AMAn MM1RIO:T VALUE FROM CUSTIDI LOT SALES OF IRVRM COAST PROPERTY BY TAX RATE ABU 1� 1982 - 1997 (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 $252,000 $14,000 $38.500 $43,750 $36,750'-1$35,000="$ 8,750 $11,550 $40,600 $21,350 $ 1,750 95,200 $38,500 $38,500 $18,200 16.100 4 „ 16,100 7,700 4,200 3,500 75,250 38,500 36,750 � 4 92,750 14,000 27,300 $38,500 $12,950 114,800 21,000 28,700 28,700 26,950 9,450 18.200 _- _'•,x_•. 16,450 1,750 _ $672,000 $77,000 $75.250 $22.400 $38,500 $38,500 $43,750 $36,750 $35,000 $37,450 $28,700 $52,500 $50,050 $53,900 $29,050 $40,2SO $12,950 TT Based tq= an average projected sales price of $350,000 per lot. n Excludes medico density developaent. Source: Table A-1; The Irvine Company; and Williams-Kuebelbeck and Associates, Inc. ' TRa Total SS-017 800 55-031 272 55.OS6 46 SS-056 22 55.066 21S 66.030 265 66-036 328 81-028 52 .4tuwa1 Total 2,000 Gm4llative Total 2,000 . Table A-3 ANNUAL NI1.OIER OF CU51061 IDIE-S ADDID IN IRVINLt COMT DUE--lODLNT EACH YEAR BY TAX RATE AIWA 1983 - 1999 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 20 7S 17W 140f 100 62 13 16 7S 88 33 3 SS 110 81 26 55 105 215 325 23 23 6 11 5 5S 20 20 39 94 73 19 30 30 41 82 81 51 13 23 24 3 2 142 87 110 17S 140 100 103 9S 117 146 147 119 100 75 19 467 554 664 839 979 1,079 1,182 1,277 1,394 1,540 1,687 1,806 1.906 1,981 2,000 I T Based on the assumption that 50 percent of homes would be constructed within one year after lot purchase; and the remaining 50 percent within two years after lot purchase. 21 Includes mid ium density homes constructed the same year as lot sale. Source. lrvme Company Proposed Phasing Schedule, Maximum Density Development; Williams-KuebclbecA and Associates, Inc. 0 ". Table A-4 A18d M D WXr VALUE- FAC14 C1001 SINOLC FAMILY WE M'4S1RWrION-/ 1983 - 1999 (in Thousands of Constant 1980 Dollars) Total 1983 1984 1985 1986 1987 1988 1989• 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 $298,800 $ 8,300 $31,12S $49,800,$47,725,$41,500 $25,730 $ 5,395 $ 6,640 $31,125 $36.520 $13,69S $ 1,24S 112,880 $22,025 $4S,650 $33,61S 10,790 19,090 9,545 9,545 9,130 2,490 4,565 2,075 , 89,225 22,625 43,575 22,825 •• 109,975 8,300 8,300 16,185 39,010 $30,29S $ 7,885 136,120 12,450 12,450 17,015 34,030 33,61S 21,165 5,395 21,S80 u 9,S45 . 9,960 1,23S 830 $796.800 $45,650 $89,225 $58,930 $36.105 $45.650 $49,800 $47.725 $41,500 $42,74S $39,425 $48,555 $60.590 $61.00S $49,385 $41,500 $31,125 $ 7,88S Based upon an average projected construction cost of $415,000 per residence. = Excludes medium density developent. Source: Table A-3; The Irvine Company; and Williams-guebelbeck and Associates, Inc. TRA Total 55-0172/ $ 61,200 SS-060-1 165,000 66-0304/ 3,000 66-036Y S2,100 Annual Total $281,300 9 ' Co Cumulative Total $281,300 Table A-S MARKET VALUE OF H(1fEIS, RETAIL AND PRE -BUILT I S BY TAX RATE AREAL/ 1986 - 1999 (in Thousands of Constant 1980 Dollars) 1986 1987 1988 1989 1990 j42,075 $19,12S $56,000 $56,000 1991 1992 1993 1994 $ 3,000 $53,000 1995- 1999. $52,100 $S6,000 -- 142,,07S $19,125 $56,000 $S2,100 $ 3,000 -- $53,000 - $56,000 $S6,000 $98';075 $117,200 $173,200 $225,300 $228,300 $228,300 $281,300 $281,300 Pre -built to equal $765,000 in market value; hotel market value equal to estimated construction cost of $100,000 per roan; freestanding retail/conmercial construction cost estimated A,$60 per square foot. 2/ Includes 80 units of pre -built medium density homes. 3/ Includes 1,500 hotel rooms and 250,000 square feet of freestanding commercial/retail development on Pelican Hill. 4/ Includes 50,000 square feet of specialty retail off Laguna Canyon Road. 5/ Includes 500 hotel rooms plus 3S,000 square feet of freestanding cmmorcial/retail on Wishbone Hill. Source: The Irvine Company; Williams-Kuebelbeck and Associates, Inc. Table A-6 PROJECTED lNR = VALUE OF DEVC•lM M' BY TAX RATE AREA BY YEARLY IN(7iDEM 1982 - 1999 (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 $612,000 $14,000 $46,800 $74,875 $128,625 $101,850 $50,250 $25,730 $16,945 $47,240 $52,475 $38,270 $13,695 $1,245 208,080 $38.500 $61,325 $63,850 33,615 10,790 35,190 16,100 9,545 9,545 16,830 4,200 5,990 4,565 2,075 329,475 38,500 59,575 43,575 22,825 56,000 56,000 53,000 205,725 17,000 8,300 8,300 27,300 54,685 51,960 $30,295 $7,835 303,020 21,000 12,450 12,450 28,700 97,815 60,980 43,065 21,165 5,395 39,780 26,450 9,545 11,710 1,245 830 $1,750,100 $77,000 $120,900 $111,625 $97,430 $130,605 $89,400 $128,625 $101,850 $134,950 $123,545 $94,925 $98,605 $167,490 $90,055 $89,635 $54,450 $31,125 $7,855 a Smacu: Appendix Tables A-2, A-4, A-5; Williams-Xuebelbeck and Associates, Inc. Table A-7 AHMM PROPERTY TAX REMUS FMI DEVELO114M BY TVA, BY YEARLY IhVOIM5, AND C16NMM =AL RL'YLIZIEW 1982 - 1999 (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 198E 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 $ 6,121 S 140 $ 468 S 749 $1,287 $1,018 $ 503 $ 257 $ 170 $ 472 $ SZS $ 383 $ 137 S 12 2,081 $ 385 S 613 S 639 336 108 351 161 95 95 169 42 60 46 21 3,295 385 596 436 228 560 560 S30 2,058 170 83 83 273 547 520 $ 303 $ 79 3,032 210 125 12S 287 978 610 431 212 54 398 16S 9S 118 12 8 $17,SUS $ 770 $1,209 $1,117 $ 974 $1,307 $ 895 $1,287 $1,018 $1,350 $1,235 $ 950 $ 986 $1,676 $ 900 $ 897 S 544 $ 311 $ 79 $183,064 $ 770 $1,979 $3,096 $4,070 $5,377 $6,272 $7,559 .$8,577 $9,927 $11,162 512,112 $13,098 $14,774 $15,674 $16,571 $17,115 $17,426 $17,505 IITP,uperty tax rcrenuo oqual to 1 percent of Kirket Value per Proposition 13. Suurcu: Williams-Ruebelbcck and Associates, Inc. 1 • ^ r Table A-8 TOTAL PROPAW TAX REVMM TO TAX RATE ARMS WITHIN IRVINE MAST PLAN11 1982 - 1999 (in Thousands of Constant 1980 Dollars) Total 1982 1983 1984 1985 1986 1987 1988 •; 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 S 62,687 -- -- -- S 140 $ 608 $1,357 $2,644 $3,062 $4,165 S 4,422 $ 4,592 $ 5,064 S'S,S89 $ 5,972 $ 6,109 S 6,121 $ 6,121 $ 6,121 34,127 S 385 S 998. $1,637 1,973 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 1,821 -- -- -- -- -- -- -- "-- -- -- -- -- 161 256 351 351 351 351 2,489 -- -- 42 102 148 169 169, 169 169 169 169 169 169 169 169 169 169 169 44,078 385 981 1,417 1,645 2,205 2,205 2,205 2,205 2,765 2,765 2,765 2,765 3,295 3,295 3,295 3,295 3,295 3,295 8.237 -- -- -- -- -- -- -- -- -- -- 170 253 336 609 1.156 1,676 1,9?9 2,058 27,636 -- -- -- 210 335 460 460 460 747 1,725 2,335 2,766 2,978 3,032 3,032 3,032 3,032 3,032 1,989 -- -- -- -- -- -- -- -- -- -- -- -- 165 260 378 390 398 398 $183,064 $ 770 $1,979 $3,096 $4,070 5,377 6,272 7,559 8,577 9,927 11,162 12,112 13,098 14,774 15,674 16,571 17,115 17,426 17,505 =' Property tax revenue equal to 1 percent of Market Value per Proposition 13. Souc.:: Williams-Aucbelbeck and Associates, Inc. Annual Tax axing Increment lurr,dretauns Factor 1982 1983 Irvine Ranch tinter District .2390 Orange County General Fund .1473 County Library .0323 County Fire .0954 County Flood .0251 Canty Harbors, 8rachcs 6 Parks .0164 , County Cemeter)I .0012 County Vector) .0017 Cowtty Transit .0043 Coast Coamutity Collvge .0869 6c ;x>rt4 sa Umfinl Ftumd .3111 Dept. Education Co,nry School 5.•rvrc_ Fwtds _/ .0123 Comity SmuauOn .0271 Total 1.0000 Table A-9 ANWAL PROPERLY TAX REVQ411E ACCRUING TO TAXING JURISDICTIONS WITIIIN TAX RATE AREA 55-017 1982 - 1999 (in Thousands of Constant 1980 Dollars) 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 199S 1996 1997 1998 1909 $ 33 $ 145 $ 324 $ 632 $ 875 $ 995 $1.057 $1,097 $1.210 $1,336 $1,427 $1,460 $1,463 $1,463 $1,463 20 90 200 389 539 613 651 678 746 823 B80 901 902 902 9.12 5 20 44 85 Ila 135 143 148 164 180 193 ,'197 198 198 198 13 58 129 252 349 397 422 438 483 533 570 583 $84 584 531 4 1s 34 66 92 105 ill 11S 127 140 ISO 1S3 154 1S4 151 2 10 22 43 60 68 72 75 83 92 98 100 100 100 lUd • 1 2 3 5 5 S 6 6 7 7 7 7 7 7 • • 1 2 S 7 7 8 8 9 10 10 10 10 10 10 1 2 6 12 16 18 19 20 22 24 26 26 26 26 26 12 53 118 229 318 362 384 398 440 48S SIB S30 532 532 532 44 189 422 823 1,139 1,296 1,376 1,429 1,575 1,739 1,858 1,901 1,904 1,904 1,904 „ 2 7 17 33.,y 45 S1, 54 56 62 69 73 75 75 75 -5 4 17 37 7Z' '' 99 113 120 124 137 15l 162 166 166 166 166 $ 140 $ 608 $1,357 $1;644', Y3,662 $4,16S $4,422 $4.592 $5,064 $5,589 $S,972 $6,109 $6,121 $6,121 $6,121 '' Indicates less then $500. -/ .aggregates various Dept. of Education revenues for: Dept. of Education, S.I.T. and D.C.T.: and County School Service Funds: Pht. El. Deaf, Pht. Sean. Deaf, Capital 0/1., C/O Daaf Mua., and C/O Deaf Sacoa. Scarce: Will iam-Euebelboc► and Associates, Inc. 0 Table A-10 ANNUAL PROPERTY TAX REVINUE- ACCRUING ' M TAXING JURISDICPICNS WITHIN TAX RATE AREA SS-031 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax Taping Increment Jurisdictions Factor 1982 1983 1984 1985 1986 1987 1988 1989 .1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 ln•ine Rauch hater District .0711 ; 27 $ 71 $ 116 $ 140 $ 148 $ 148 ;' 148. $ 148 $ 149 S 148 $ 148 $ 148 $ 148 ; 148 $ 148 $ 148 $ 148 $ 118 Orange County ' G,n.r4l Fund .1798 69 180 294 35S 374 374 374 . 374 374 374 374 374 374 374 374 374 374 371 Co mty Library .0394 15 39 6S 18 82 182 82 82 82 82 82 12' 82 82 82 82 82 32 Ccunty Fire .1164 4S 116 191 230 242 242 242 242 242 242 242 242 242 242 242 242 242 21' Ccunty Flood .0306 12 31 so 60 64 64 64 64 64 64 64 64 64 64 64 64 64 64 - County ltnrbors, Leaches G Parks .0200 8 20 33 40 A2 42 42 42 42 42 42 42 42 42 42 42 42 42 ' Ccunty Ccnktery .0013 1 1 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 G.unty Vcctor .O022 1 2 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 County Transit .0052 2 5 8 10 11 11 11 11 11 11 11 11 11 11 11 11 11 1l Ccast C'cmunity Culicge .1059 40 106 173 209 220 220 220 220 220 220 220 220 220 220 220 220 220 2-4l " \ml>Jrt-Mesa Unified Fuel .3798 146 379 622 749 790 790 790 790 790 790 290 790 790 790 790 790 790 :90 Dcpt. Education " County School Seiice I'wi.6 1/ .0152 6 15 2S 30 32 32 32 32 32 32 32 32 32 32 32 32 32 32 Ccwnty _ S.mitution .0331 13 33 54 65 69 69 69 69 69 69 69 69 69 69 69 69 69 69 . Total 1.0000 $ 385 $ 998 $1,637 $1,973 $2,081 $2,081 $2,081 $2.081 $2,081 $2,081 $2,081 $2,081 $2.081 $2.081 $2.081 $2,081 $2,081 $2,081 of Education revenues for: Dept. of Education, S.I.T. and D.C.T.; and County School Service Funds: Plit. E1. Deaf, Plnt. Sucon. Deaf, Capital 0/I., C/0 Deaf 1T1., ragates carious Dept. El,.n., and C/O deaf Seeon. Saurce: Williams-Kuebelbeck and Associates, Inc. " Table A-11 A140W, PROPFJLIY TAX RI VENUE ACCRUING TO TAXING JLRISDICIICNS WITIIIN TAX RATE AIUA SS-036 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax Taxing Incremant Jurisdictions Factor 1982 1983 1984 1985 1986 1987 1988 1989 199D 1991 1992 1993 1994 1995 1996 1997 1998 1999 I nine Ranch Hater District .2587 $ 39 $ 61 $ 84 $ 84 $ 84 S 84 Orange County Cunural Fuld .1473 24 38 52 52 S2 County Library .0323 , S 8 11 11 11 Ccunty Fire .0954 15 25 34 34 34 County Flood .0251 4 6 9 9 9 County Ihrbors, 8e.tches 6 Parks .0164 3 4 6 6 6 County Cemetery3/ .0011• Cwnty Vector1J .0018 • 1 1 1 1 County Transit .0042 1 1 1 1 1 Coat Ccmmatity College .0868 14 22 30 30 30 Nv,7xa t-Aesa IhttfiW fund .3112 50 80 109 109 109 Uept. Education Cmulty School surrt[e Funds 31 ,0126 2 3 4 4 4 C-uity 52 11 34 9 6 1 1 30 109 4 Sanitat.•oa .0271 4 7 10 10 10 I0 'total 1.0000 S 161 $ 256 $ 351 $ 351 $ 351 $ 351 I` ' Indicates less that $500. . . Aegrcgates various Dept. of Education revenues for: Dept. of Education, S.I.T. and D.Q.T.; and County School Service Funds: Pht. El. Deaf, Pht. Secoh. Deaf, Capital 0/L, C/0 U:at Lim, and C/O Deaf Seeon. - Source: Willians-Kriebeibeck and Associates, Inc. Table A-12 AMI161L PROPERTY TAX RE 12M tZCRUING 10 TAXING JUSISDICrIGNS NIT111N TAX RATE AREA SS-056 . 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax lacing Increment Jm i>ductions Factor 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1993 191k1 I reune Ranch hater District .0704 S 3 S 7 $ 10 i 12 S 12 $ 12 $ 12 S 12 $ 12 $ 12 $ 12 •$ 12 $ 12 $ 11 $ 12 $ 12 Orange County Guieral Fund .1799 8 18 27 30 30 30 30 30 30 30 30 30 30 30 30 30 County Library .039S 2 4 6 7 7 7 7 7 7 7 7 7 7 7 7 7 County Fire .1166 5 12 17 ,20 20 20 20 20 20 20 20 20 20 20 20 20 Comity Flood .0307 1 3 5 5 S 5 5 5 5 S S 5 5 5 5 S Cowin• Jbibors, Buachcs 4 Parks .0200 1 2 3 3 3 3 3 3 3 3 3 •3 3 3 3 3 County Cemcter)I/ .0013 • • • • • County \Caton/ .0022 • • • • • • • • ♦ • • • f Cu,mty Transits .0052 • 1 1 1 1" 1 1 '1 1 1 1 1 1 1 1 1 Co.i>t Cu pity College .1060 4 11 16 38 18 18 18 18 18 18 18 18 18 18 18 18 * Unniu.d rand .3800 16 39 S6 64 64 64 64 64 64 64 64 64 64 64 64 64 lk•pt. Education ' County School 5er v ltc Fwndb 7/ .0151 1 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 CJU'Ity Sanitation .0331 1 3 5 6 6' 6 6 6 6 6 6 6 6 6 6 6 Total 1.0000 $ 42 S 102 S 148 $ 169 $ 169 $ 169 S 169 $ 169 $ 169 $ 169 $ 169 $ 169 $ 169 $ 169 S 169 $ lo9 17% Indicates less than $S00. Aggregates various Dept. of Education revenues for: Dept, of Education, S.I.T. and D:C.T.; and County School Service Funds: Pht. El. Deaf, Pht. Secon. Deaf, Capital 0/L, C/O Deaf Elam., and C/O Deaf So=. ' Souuce: Williams-Wuebelbeck and Associates, Inc. Table A-13 ANNUAL PROPERTY TAX RI:VINU0 ACCRUING TO TAXING MSDICIIONS WITHIN TAX RATE AREA 55-066 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax T&xing Increment Jurisdictions ' Factor 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 . 1997 1098 1999 [wine Htanch -Water District .0691 $ 27 $ 68 $ 98 $ 114 $ 152 $ 152 $ 152 $ 152 $ 191 $ 191 $ I91 $ 191 $ 228 $ 228 $ 228 $ 228 $ 228 $ 228 Ocnec Canty General Fund .1802 69 177 25S 296 397 397 397 397 498 498 498 498 S93 S93 593 S93 593 593 County Library .039S 15 39 56 6S 87 '87 87 87 109 109 109 109 130 130 130 130 130 130 County Fire .1167 4S 115 165 192 257 257 2S7 257 323 323 323 323 385 385 385 385 385 38S Cc anti• Flood .0307 12 30 44 51 68 68 68 68 8S 85 85 85 101 101 101 101 101 101 Canty Harbors, beaches 4 Paris .0200, 8 20 28 33 44 44 44 44 SS 55 SS 55 66 66 66 66 66 66 County Cc: atery .0014 1 1' 2 2 3 3 3 3 4 4 4 4 S 5 5 S 5 5 County Vector .0022 1 2 3 4 S S 5 S 6 6 6 6 7 7 7 7 7 7 Co.wty Transit .0052 2 5 8 9 11 11 11 11 14 14 14 14 17 - 17 17 17 17 17 Coast Cumunity College .1061 40 104 ISO 174 234 234 234 234 293 293 293 293 3S0 3SO 350 3S0 350 350 Xzgi rt-t•Icsa Lhti,cJ Fund .3805 146 373 S39 626 839 839 839 839 1,052 1,052 1,052 1,052 1,254 1,2S4 1,254 1,2S4 1,2S4 1,:54 Dept. Education C..r,q• School Service funds 1/ .0154 6 15 22 25 34 34 34 34 44 44 44 44 51 51 Sl 51 Sl 51 Comay Sanitation .0329 _13 32 47 S4 74 74 74 74 91 91 91 91 108 108 108 108 109 108 Tet31 1.0000 $ 385 $ 981 $1,417 $1,645 $2,20S $2,20S $2,205 $2,205 $2,76S $2,765 $2,765 $2,765 $3,295 $3,29S $3,295 $3,295 $3,295 $3,29S Aggregates Dept. of Lducation revenues for: Dept. of Education, S.I.T. and D.C.T.; and County School Service Funds: Pht. E1. Deaf, Pht. Secon. Deaf, Capital 0/L, C/0 Deaf Eltta., and C/O Deaf Seeon. Source: hillians-Kucbelbock and Associates, Inc. ,Table A-14 ANNUAL PROPERTY TAX MIMM ACCRUING TO TAXING JURISDICTIONS WITHIN TAX PATE AREA 66-030 • 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax Truing Increment Jar asdictions Factor 1982 1983 1984 1985 1986 1987 1988 1980 1990 1991 1992 1993 1994 1995 1996 1997 1993 1991.1 Irvine Ranch Water District .2392 $ 41 $ 60 $ 80 $ 146 $ 276 $ 401 $ 473 S 492 Orange Comity General Fund .1719 29 43 58 105 199 288 340 354 Comity Library .0377 , 7 10 13 23 44 63 75 7S County Fire .1113 19 28 37 68 129 187 220 229 Co,umty Flood .0293 5 7 10 18 34 49 , 58 60 County Itirbors, Bv.ches 4 Parks .0191 3 5 6 12 22 32 38 39 Comity C meteryJ .0013 • • ' 1 1 2 3 3 Comity Fector1/ .0021 • 1 1 1 2 4 4 4 Comity Transit .0049 1 1 2 3 6 8 10 l0 S...411 ,back Cwr.wmity , Coll,& .0930 16 24 31 56 108 156 184 191 Lag= Beach Wifi d Fund .2553 43 65 86 155 295 428 SOS 526 Dept. Education C..Wily School se1C1ce FWAS 2" .0349 6 9 12 21 40 58 69 "2 Comity Sanitation -- Total 1.0000 $ 170 $ 253 $ 336 $ 609 $1.156 $1,676 $1.979 $2,OSS 1 Indicates less than $500. o/ — :,ygregates various Dept. of Education revenues for: Dept. of Education, S.I.T. and D.C.T.; and County School Service Fronds: Pht. E1. Deaf, Pht. Sion. Deaf, Capital 0/L, C/0 lk.mf Elem., and C/O Deaf Seeocn I- Source: Williams-Xuebeib and Associates, Inc. Table A-15 AMML PROPERTY TAX REV194UE ACCRUING TO TAXING JURISDICTIONS WITNIN TAX RATE AREA 66-036 1032 - 1999 (in Thousands of Const:ult 1980 Dollars) Amwl ' Tax l wins Ineiownt 11risdrettons Factor 1982 1983 1984 198S 1986 1987 1988 1989 1990 1991 1992 1993 1994 199S 1996 1997 1998 1909 Irvine Ranch ' *pater District .2609 f SS S 87 f 120 f 120' f',120 $ 195 f 4s0 f 609 f 722 f 776 f 791 f 791 f 791 f 791 $ 791 ' range County 2�nuu1 Fund .1603 34 54 72 72 . 72 120 276 374 443 477 486 486 486 486 486 ounty Library .03s1 7 12 16 16 16 26 60 82 96 103 106 106 106 106 106 ounty Fire .1038 22 35 �48 48 48 78 179 242 286 309 313 313 313 313 313 aunty Flood .0273 6 10 13 13 13 20 47 63 76 81 82 82 82 82 82 .:ounty harbors, 4 Pads .0178 4 6 8 8 8 13 31 41 49 53 54 54 54 54 54 :ounty Cemeteryl/ .0012 • • 1 . 1 1 1 2 3 3 4 4 4 4 4 4 'aunty Wctor!/ .0020 • 1, 1 1 1 2 3 5 6 6 6 6 6 6 6 'owlty Transit .0046 1 2 2 2 2 3 8 11 13 14 14 14 14 14 14 S..Jdleback .N mal] ty :.Iltge .0876 18 29 40 40 40 65 152 20S 242 261 266 266 266 266 2b6 Laguna beach SlifteJ I'und .2381 So 78 110 110 110 178 410 556 658 709 722 722 722 722 722 kpt. Education '.,:rah• MOO, 'uvua Folds= .0327 -om:tl- .uutation .0295 Total 1.0000 7 11 15 15 15 24 56 76 90 97 99 99 99 99 09 6 10 14 14 14 22 51 68 82 88 89 89 89 89 89 f 210 S 335 S 460 $ 460 f 460 f 747 $1.725 $2,335 $2,766 $2,978 $3,032 $3,032 $3,032 $3,032 $3,032 I I%dtcaces less than $500. Um.. C/O Deaf Dept. of Education revenues for: Dept. of Education, S.I.T. and D.C.T.; and County School Service Rinds: Pht. E1. Beef, Pht, Secort, Deaf, Capital 0/L, C/0 Waf L•1 un., and C/0 Oouf Secon. urge: Willians-Xuebelbeck and Associates, Inc. 1 'fable A-16 ANNLML PROPEM TAX RL•"V WE ACCRUING TO TAXING .I USDICHONS WITiIIN TAX RATE AREA 81-028 1982 - 1999 (in Thousands of Constant 1980 Dollars) Annual Tax Increment ictions Factor 1982 1983 1984 1985 1986 1987 1938 1989 1990 1991 1992 1993 1994 1995 19D6 1997 1993 1999 Ranch District .2344 $ 39 $ 61 $ 89 $ 92 $ 93 $ 93 County 1 Fwid .1430 24 37 54 56 57 57 Library .0313 5 8 12 12 12 12 Fire .0926 15 24 35 36 37 31 , Flood .0244 4 6 9 30 10 10 lUrbors, s 6 Parks .0159 3 4 6 6 6 6 CcmeteryJ .0011 Seetorl/ .0018 • 1 1 1 1 1 Transit .0041 1 1 2 2 2 2 back city -e+'e5e 13 20 29 30 31 31 1 ewe Uaifttd Fund .3337 55 87 126 130 133 133 Dept. Education - "(,tmt)• School Service Funds— .0141 - 2 4 S S 6 6 zawuty S.mrtatron .0263 4 7 10 10 to l0 Total 1.0000 $ 16S $ 260 $ 378 $ 390 $ 398 $ 398 , Y • Indicates less that $500.- -/ Aggregates.various Dept. of Education revenues for: Dept. of Education, S.I.T. and D.C.T.; and County School Service Funds: Pht. El. Deaf, Pht. Secon. Deaf, Capital 0/L, C/O Deaf Elc-a., .w,l C/0 Deaf Seeon. - 'Source: Killian-Xuabolbeck and Associates, Inc. - Table A-17 , AM1 M PROPERIY TAX REVMM FROM DEVEI.059M OF 1RVINE COASP PLAN, ALLOCATED BY JURISDICfIOM 1982 - 1999 (in lbousmids of CQAn tnnt 1980 Dollars) Total 1992 1983 1984 198S 1986 1987 1988 1989 1990 1991 1992 1993 1994 199S 1996 1997 1998 1999 ivinc Ranch ator Dlst. I1i1046204- �•1,. Iluld $30,710 = 54 1 139 $ 217 $ 349 $ 542 $ 756 $1,064 $1,307 $1,541 $1,858 $2,098 $2,343 $2,658 $2,874 $3,088 $3, 219 $3,292 $3,311 rinse County ,It. ltunl 30,143 138 357 SS7 723 942 1.073 1,262 1.412 1,635 1,829 1,983 2,134 2,403 2,543 2,689 2,781 2,834 2,848 I wlge County - l.W Control i>L. - C,,n. Fund 5,140 24 61 95 124 162 184 216 '242 279 312 337 364 409 432 457 474 483 485 b1aiV Structural ' ire Protection - .en. 1'Iuld 19;S27 90 231 361 469 609 696 819 916 1,060 1,186 1,284 1,382 1,556 1,647 1,741 1,801 1,83S 1,844 minty Library u t,t. - Cen. Ford 6,608 30 78 123 1S9 207 236 277 310 3S9 401 43S 468 525 557 589 609 621 624 a'angc County eubrre, Reaches P;nks Dist. - km. fluid 3,350 16 40 62 81 105 119 140 157 181 203 219 237 268 283 299 309 315 316 wange County i.u:ait Out. 875 4 30 16 22 27 31 37 41 47 53 S8 62 71 74 78 80 82 82 it w1gc Colulty 'cetor Control 11st. 353 2 4 7 8 11 12 is 17 19 21 23 26 28 30 31 33 33 33 )nulgd County . tuot.ly Dist. 11 234 2 2 4 5 7 9 10 12 13 14 16 16 19 20 20 21 22 22 lianl.: Colmty Sani- . aucn Dist. IS ,_rating 5,288 26 6S 102 132 17S 200 235 262 301 337 358 38S 430 448 458 458 4S8 458 .Iglala Suach Uni- 'id - Gan. Fund 8,682 -- -- -- SO 78 210 110 110 178 410 S99 723 795 877 1,017 1,150 1.227 1,248 cLputt-?icsa Uni- 'iLd - Gen. 1•wid 50,740 292 752 7,177 1,4S8 1,874 2,115 2,516 2,832 3,202 3,282 3,335 3,481 3,697 4,046 4,118 4,121 4,121 4,121 ivine thlified w11. Iwld 664 -- -- -- -- -- -- -- -- -- -- -- -- 5S 87 126 130 133 133 S.,dd1013ck Calamity .ul loge - Gen. Fund 3,342 ' -- -- -- i8 29 40 40 40 65 152 221 266 305 342 403 452 481 488 .cast O:wnmuiity :allege - Cwn. Ford 14,148 80 210 327 406 523 590 701 790 _ 893 915 929 971 1,087 1,128 1,148 1,150 1,150 1,150 h•p[. 1' mat Ifni gaol[)' $C11001 eMCc IIL•Ida 3,260 12 30 48 66 86 101 117 129 154 189 217 240 268 286 309 327 339 342 Total 4183,064 $ 770 $1,979 $3,096 $4,070 S S,377 $ 6,272 $ 7,559 $ 8,577 $ 9,927 $11,162 $12,117 $13,098 $14,774 $15,674 $16,571 $17,115 $17.426 $17,505 urce: billiamis-Webel Associates, Inc. mid Appendix Tables A-1 through A-16. • a-:, I �. { APPENDIX B CAO-DERIVED LNULTIPLIRS The County administrative office has developed multipliers for use in determining General Fund costs and revenues. The multipliers are presented in this section by major category. The individual budget units and revenue classifications included in each major cost/revenue category is also included. Table B-1 MOM FUND -- COST FACDORS1/ FISCAL YEAR 1979 - 1980 (in -Constant 1980 Dollars) Residential Commercial Industrial Function/Activity • ($/person)($/acre) ($/acre) General Legislative and Administrative $ 2.07 $ 34.04 $ 33.86 Finance, Counsel and Personnel 6.91 113.80 113.20 Property Management, Plant Acquisition and Promotion 6.92 114.07 113.47 Oar Ge1eral 37.S3 618.47 615.21 Subtotal $ 53.43 $ 880.38 $ 87S.74 Public ProtectionZ Judicial $ 13.12 $ 176.72 $ 175.78 Police Protection, Detention and Correction 10.69 176.22 175.29 Other Protection 98.48 1,023.16 1,044.12 Subtotal $122.29 $1,376.10 $1,395.19 Public Ways and Facilities-/ Subtotal -- $ 0.02 $ 0.02 Health and Sanitation Subtotal $ 6.62 Public Assistance Subtotal $ S4.00 $ 0.36 $ 0.36 Education Library Services -- Subtotal -- - Recreation and Cultural Services Subtotal, $ 1.55 $ 25.04 $ 24.91 Debt Service Subtotal $ 0.55 S 8.99 $ 8.95 WrAL $238.44 $2,290.89 $2,305.17 Theecounty Administrative office has developed per capita and per acre "multipliers" or factors for use in determining recurring costs in most general fiord categories. Budget units, which are excluded, are evaluated separately via the case study approach. 1 Excludes the following budget units: Sheriff Jail and Fine. Costs for these budget units are identified by means of the case study approach. 1 Excludes the Road Budget Unit. Costs for this budget unit are identified by means of the case study approach. 4/ Excludes the library Services Budget Unit. Costs for this budget unit are identified by means of the case study approach. Source: County of Orange, County Administrative Office, "Interim Fiscal Impact Report Process Methodologies", October 1, 1980. Table B-2 Function General DETAILED LISTING OF BUDGET UNITS BY ACTIVITY AND FUNICTION Activity Legislative and Administrative Finance, Counsel and Personnel Property Management, Plant Acquisition and Promotion Other General Fund Budget Unit limber 0112 0140 0145 0146 0184 0128 Budget Unit Administrative Office Board of Superrisors Legislation Clerk of the Board Assessor 0132 Auditor/Controller 0712 Tax Collector/Treasurer 0192 County Counsel 0402 Personnel 0404 Affi=.mtive action Program 0166 Real Property Leases 0167 Lease Purchases 0168 Capital Projects 0169 Housing and Cc,, ity Development 0103 Economic Develcpment Office 0113 Public lnrornation . Office 0218 0219 0270 0273 0280 0352 0754 1091 1171 1221 1261 Data Services Justice Inio: ^.ation System General Services Agency Solid Waste cn_`orce- ment agent.; Hyman Relations Commission Miscellanecus Employees Retirement P.W.E.A. of 1976 - Title II CETA-Prog-ams Federal Revenue Sharing Deferred Ccmpensation a Continued... Table B-2(continued) DETAILED LISTING OF BUDGED UNITS BY ACTIVITY AID MICTION Fund Budget Function Activity Unit Number Budget Unit Public Judicial 0182 Clerk Protection 0196 Grand Jury 0232 District Attcr..ey 0234 Family Support 0362- 0367 'Municipal Court 0622 Public Defender 0623 Defense of Indigents by P/C 0692 Superior Court 0693 Juvenile Justice Corjnission Police Protection, 0323 'Marshal Detention and 0502 Probation Correction 0560 Delinquency Prevention Cann. 0114 Agricultural Cormissicn Other Protection 0109 Justice System Subvention Prog. O212 Cri.ninal Justice - _ Council 0213 Criminal Justice Council 0213 Burglarf Prevention 0214 Juvenile Diversion 0250 DR 0322 Local Agency Formation Corm. 0424 Citizens Direction Finding Ccumassion 0662 Recorder 0682 Pedestrian Crossi:.a Guard 0875 COMMMiry Serrices Agency 1141 Fish and Game Propagation 1281 Survey 'fonunent Preservation Public Ways Transportation 0123 Airport Land Use and Facili- Terminals Commission ties Health and Hospital Care 0343 Medical Serrices Sanitation Administration Continued... Taole z-= LcontInUec) DETAILED LISTING OF BUDGET WITS BY ACTIVITY AlM FUNCTION Fund Budget Function Activity Unit Number Budget Unit Public Aid Programs 0922 Aid to Adults Assistance 0928 Aid to Families/ Dependent Children 0930 Aid to Children - Boarding Hopes 0936 Aid to Indochinese General Relief 0688 Institutional Labor 0948 General Relief Other assistance 0104 Commission on the Status of 'Vomen 0108 Senior -Citizens Program Office 0290 Human Se^,rites Agency Recreation Recreation 1291 Off -Highway Vehicle Fees and Cultural Facilities Services Small Craft Harbors 1061 County Tidelands - Newport Bav 1071 Couni-i Tidelands r Sunset Beaca 1081 County Tidelands - Dana Point Debt Service Retirement of 1021 Bond Rede.mtion Long Term Debt Interest on Long 1022 Bond Interest Term Debt Interest on Votes 0292 Interest on Votes and War --ants and Wa -rants 1 These activities represent the budget categories for which average cost multipliers have been developed by the CAO. Source: County of Orange, County adninistrative Office "Interim Fiscal Impact Report Process Methodoi0gies", Cc=ober 1, 1930. laola Z-.) DETAILED LISTL�IG OF REVE\'UES BY SOURCE Revenue Source Taxes Other Than Current Property Licenses, Permits and Franchises Fines, Forfeitures and Penalties Revenue From Use of bbney and Property Aid From Other Governmental agencies Fund Budget Unit Number Revenue Classification 621 Augmentation Funding 623 Property Taxes - Prior Secured 624 Property Taxes - Prior Unsecured 626 Penalties and Costs on Delinquent Taxes 629 Other Taxes . 641 animal. Licenses 642 Business Licenses 643 Construction Pe2muts 644 Road Privileges and Permits 645 Zoning Permits 646 Other Licenses and Permits 647 Franchises 641 Vehicle Code Fines 652 Other Court Fires 653 Forfeitures and Penalties 661 Interest 663 Royalties 669 State - Hcmeoorers Propert; Tax Relief 670 State - Business Inventory Tax Relief 671 State - Alcoholic Beverage License Fees 673 State - Highway Users Tax 674 State - moror Vehicle In -Lieu Tax 675 State - Trailer Coach In -Lieu Tax 676 State - Other State in -Lieu Tax 677 State - Public assistance - Administration 678 State - Aid for Public Assistancc Pro 682 Stated for Crippled Children 684 State - Health Administration 686 State - Aid for Mental Health 688 State - Other Aid for Civil Defense 689 State -:lid for Agriculture Table B-3 (continued) DETAILED LISTING OF RFMiLMS BY SOURCED Revenue Source Aid -From Other Govern&ntal agencies Charges for Current Semi ces Fund Budget Unit Number Revenue Classification 691 State - Aid for Civil Defense 692 State - Aid for Construction 693 State - Aid for Corrections 695 State - Aid for Disaster 696 State - Aid for Veterans Affairs 697 State - Other 698 Federal - Public Assistance - Administration 699 Federal - Aid for Public .assistance Programs 704 Federal - Health Achinist:aticn 705 Federal - Aid for Construction 706 Federal - Aid for Disaster 707 Federal - Forest Reserve 709 Federal - In -Lieu Taxes 710 Federal - Revenue Sharing 711 Federal - Other 713 Other GoveTranental Agencies 731 Assessment and Tao Collection Fees 732• Audi Ling and AccoL-mtina Fees 733 Communications Serrlc:es 734 ElectionrServices 735 Inheritance Tax Fees 736 Legal Services 738 Planning and Eggi eering Services 739 Purchasing Fees 741 Agricultural Sear! ces 742 Civil Process Services 743 Court Fees and 744 .Costs Estate Fees 745 Humane Services 747 Recording Fees 749 Health Fees ' 751 mental Health Services 752 Sanitation Services 753 Adoption Fees 7S4 Crippled Children Services 7S5 Institutional Care and Services 7S9 Other Charges for Current Services t Table B-S (continued) DErAiLED LISTING OF REVr1TJES BY SOURCED Fund Budget Revenue Source Unit N ber Revenue Classification Other Revenues 784 Revenue applicable to Prior Years i85 Sale of Fixed assets 786 Other Sales 787 Other Revenue The CAD has developed average revenue multipliers for these budget classifications only. Source: county of Orange, Co1St'j' .-dn1listrati,w'e Office, llinteri'n Fiscal Impact Report process %Sethodologies", October 1, 1930. 4 n - J N Comments on the Draft Irvine Coast Fiscal Impact Report received from the County Administrative Office and Special Districts are reproduced in this Appendix. t 1 -AUNTY OF 5 ( 3/ FRia.NG E COUNTY ADMINISTRATIVE OFFICE October 29, 1980 Mr. Robert J. Gardner Williams - Kuebelbeck and Associates, Inc. 330 Washington St., Suite 710 Marina del Rey, California 90291 Dear Bob: �.. R. E. THOMA �V COUNTY ADMINISTRATIVE OFFICER HALL OF ADMINISTRATION 30 CIVIC CENTER PLAZA SANTA ANA. CALIFORNIA 92701 TELEPHONE: 834.2345 AREA CODE 714 1-B-9 The County Administrative Office has the following comments regarding the preliminary draft Fiscal Impact Report (FIR) for the Irvine Coast project. These comments include those from the County agencies and districts studied in the FIR where noted. Page II-1 Conclusions should be qualified, based on the assumptioris-�made, the -develop= os ment proposal, current legislation, and the projection of current cts and revenues into the future. Page II-2 B Conclusions on Special Districts should be qualified as based on the current interpretation of AB-8. Our office is aware of possible new legislation which will affect the AB-8 allocations in the near future. Page III-1 An explanation of the treatment of inflation is necessary somewhere in the report. Within this.chapter on assumptions would be appropriate. Page III-3 Phasing and Absorption A map of residential site areas 1 through 21 would be helpful next to phasing amble III-1. .Pane III-6 Rate of _Home Construction Is this rate of home construction based on past Irvine Company experience or other data? If so, make a statement to this effect. Mr. Robert J. Gardner October 29, 1980 Page 2 Population in Residential Areas There is no Orange County Planning Department. County planning is done within the Environmental Management Agency. Page III-7 Population 11 The projected population of 6,745 is based on the assumption of maximum development of 2,000 units. A statement to clarify this is needed. Page III-9 D - The Commercial Development Program The Draft EIR states that 250,000 square feet of commerical area will be provided adjacent to the hotel complex (page 3, Visitor -Serving facilities). This is not discussed here or shown in Table III-4, unless it is part of the commercial areas within the hotels. Please clarify this in the text and Table III-4. Page III-10 Please cite the sources used for the assumptions on hotel construction cost, occupancy rate, revenue split, construction value, and retail sales estimate, or where they can be found within the FIR. Page IV-6 Table IV-3, under charges for current services, the factors are incorrect. They should be Residential: $31.72; Commercial: $354.77; Industrial: $356.12. The totals should read : Residential - $205.54; Commercial - $1,722.11; Industrial - $1,487.22. The multipliers are from the 1980-81 budget. Page V-1 A - Water and Sewer What are the demands on the other two water and sewer districts within the property (Laguna Beach County and Moulton -Niguel Water Districts)? Are they outside of areas proposed for development? Please make -a statement to this effect or discuss their respective rolls. 'State from which property taxes the revenue bonds would be repaid (i.e., from residential and commercial property, within the Irvine Coast, all of the Irvine property, or district wide?). CanyonfandhPelicaneHill?). IRWO Explainould nifathese areathesoff-sitees in water(andd sewer lines which would be financed by revenue bonds. Explain how capital facilities if required would be financed. Mr. Robert J. Gardner October 29, 1980 Page 3 Page V-2 Water and Sewer Explain what the connection fees would be used for, and that property taxes would go to repay revenue bonds. Page V-4 Fire Protection Services The County Fire Department has commented that using the existing contract Icost rvineith Coastecontract.of NeTher formula toeestimatethe thecost of c contract potential Assessed Value Irvine Coast 7Vss—essed value ot al 1 property X Total Budget of the Fire Station the station covers Page IV-12 Library Library staff state that the Laguna Beach Branch serves 19,545 people, not the 18,668 used in the FIR. This 19,345 figure corresponds to one of their handouts at the case study meeting, entitled Orange County Public Library Branches. Apparently, this figure is the actual library service population, while 18,668 used in the Library Facilities Development Plan is for the unincorporated area population. They also say the 8,450 square figure for this branch is incorrect, and want us to use the correct figure of 9,611 square feet. Page V-8 Orange County Flood Control District, The Laguna Canyon Channel (IO2) is near this project and is scheduled for $2.6 million in improvements for 1981-82. Investigate if this project impacts this channel, and if so, what costs should be allocated to the project. According to the DMP, no other channels are deficient in the Irvine Coast area. Page V-10 Irvine Unified School District Two scenarios should be developed here. The first is if the Irvine USD serves the population in its district. This should include the $600,000 capital cost and the operating costs, compared to the expected revenue. The second scenario would be if the Irvine -served areas is annexed to the Newport -Mesa District. This annexation would not allow the transfer of property taxes from the Irvine to the Newport -Mesa District under current legislation. These generated students should be added to the other students generated within the current Newport -Mesa District, then estimate costs and revenues. The current analysis utilizes Irvine annual costs and. revenues but says Newport -Mesa will get the generated students so has no capital costs. Also, please note the 'enclosed response from the Irvine Unified School District and make necessary changes to the analysis. . .. . . ' .. . . .. . . ... ....... I . . . - Mr. Robert J. Gardner October 29, 1980 Page 3 Page V-15 Laguna Beach Unified This District stated over the. phone on October 28, 1980 that their cost estimates would not be available until November 7. This analysis will have to be added as a supplement if it can't be incorporated in the next draft FIR. Page V-16 Landscape and Lighting District Expand on this per the Board Resolution and other information from Bob Wi ngard Sincerely, AIJy Mark Armstrong, Research Analyst Forecast & Analysis Center AJC:rja r•rc c•.a, anm+ mRlro«c cucAL�c-r. IIUA(tIM, rVRO Vrrwar 1 AMM14[•OR4 w�rr.11r WKC 41,A(11 IvrMw Juwnwwvw+. J//tulMlAnt (rrhWwt CVwwrn+r I MrrwY/r GIAE Mw11LMt Ir.VA. SwwwwwR MwwR. Sw/w/Jw-R/I O[4w(IKA•1,5 MWWfIYwM1At /�,.MSwwn 2941 Alton Avenue • Irvine, California • Telephone (714) 556.4900 Mailing Address: Post Office Box 19535 • Irvine, California 92713 October 27, 1980 Mr. Mark Armstrong County Administrative Office 10 Civic Center Plaza Santa Ana, California 92701 RE: IRVINE COAST FISCAL IMPACT REPORTS Dear Mark: Thank you for sending the Draft section pertaining to the Irvine School District. I have reviewed it and offer the following comments: 1. 2nd paragraph, page V-10 - Our Board has suggested deannexation of portions of our -territory -- southwesterly of the proposed Southeast'. Orange County Transportation' Corridor, and its annexation by Newport -Mesa. No formal action has occurred. 2. Last paragraph on page V-10 continuting to page V-12 and Table V-4: Changes in school finance resulting from Proposition 13 (Jarvis - Gann Tax Act Limitation), SB-90 and the Gann Tax Revenue Limit Inititative provides no fiscal benefit to local school districts resulting from changes in assessed value. The costs of providing interim housing, paid for out of a district's general fund, until permanent school facilities are constructed under the Leroy F. Greene State School Building Program and other capital outlay requirements to satisfy local needs and desires will have an adverse financial impact resulting from any new development that requ5res school district services. Asa result of these changes in school finance,your fiscal impact analysis is no longer valid. Please advise if you have any further questions. Very truly yours, David E. King Director, Facilities Planning and Development ,XO I& f850-123.1 County of Orange MUD File; FIR DATE: .TO- Mark Armstrong DEPT/DIST: CAO ,WROW R. F. Wingard, Program Manager Open Space/Recreation/CSA Program SUBJECT: Comments: Draft Irvine Coast FIR As requested in your October 21, 1980 memo to Bob Hamilton, the following comments are offered on those portions of subject draft relating to E4A Open Space/Recreation/CSA Program Office areas of responsibility. Harbors, Beaches and Parks District (HBPD) i. (Par. 1) Meaning of term "conditional dedication" associated with stated HBPD maintenance responsibility for 2,650 open space acres is unclear. Does this mean HBPD (County) may not accept dedication, or that Irvine Company may elect not to offer dedication? Term should be more clearly defined and any resulting impact on HBPD or eventual property owners explained. 2. (Par. 4) Phrase "costs to maintain the park areas" should be reworded to "costs to maintain the conditionally dedicated open space areas." 3. (Table V-3) Year 1998 should apparently be 1996 in Table title and first column, based on references to phased development in preceding paragraphs. 4. (Table V-3) Accelerating property tax revenue amounts appear to be inconsistent with phased 1/3, 1/3;"1/3 development/dedication schedule. Assuming property tax revenues are expressed in consistent 1980 base dollars, 1998 revenues should be'three times 1985 revenues, adjusted for declining undeveloped area tax revenues. If 1981 and 1985 revenues are expressed in consistent 1980 base dollars, 1990 and 1998 property tax revenues would be $203,000 and $297,000 respectively. If property tax revenues reflect an inflation factor and are not expressed in base year dollars, "Costs" column should also have an inflation factor applied (Costs column currently reflects approximately equal 1/3 increments). Additionally, table should be footnoted to clearly identify base year dollar or inflation factor assumptions. 5. (Par. 5) Conclusion drawn from Table V-3 is misleading that HBPD will realize a net surplus in revenues from providing services to Irvine Coast area. HBPD is a countywide district, providing regional recreation opportunities to all county residents. The estimated 7,280 residents of proposed Irvine Coast development will presumably increase demand/costs for services at existing HBPD facilities within at least a 15-mile radius (Dana Point and Newport Harbors, Mason and Laguna Niguel Regional Parks), and at special county facilities such as camping parks and historical sites. Additionally, the population increase will contribute to demand for new regional parks and related development and maintenance/operations costs. Mark Armstrong/CAO -2- RE: Comments/Draft Irvine Coast FIR Landscaping and Lighting District (LLD) (Par. 1) Phrase "district will provide... median landscaping services" is inaccurate. LLD was formed specifically for providing street lighting services. Although median landscape maintenance is a legally authorized LLD service, LLD financing of this service is not currently planned for future. Local/Community Parks, Slopes, Medians Subject draft omits reference to provision for development and maintenance of local/community parks and slopes maintenance, and incorrectly provides (see above) for. median maintenance. These services are historically provided through a county service area (CSA), but may be provided through a homeowners association. Provision for these services needs to be addressed in FIR. Dedication to county (CSA) of local and/or community park sites or provision of in -lieu fees for park purposes is required by County Local Park Ordinance. Slopes and medians (and their maintenance) may, and likely will, be required as a subdivision condition of tract approval. Current law (and Board policy) provides that no basic levy property .tax revenues will be allocated from new developments to support CSA services in forming a new CSA or annexing to an existing CSA. Alternative CSA financing methods such as -special taxes (by vote of residents), assessments, and contributions are available. However, availability of financing from these sources -cannot be predicted with -any degree of certainty. Accordingly, it is suggested,FlR-Section K, "Irvine Coast Homeowners Associat-ion," be expanded to include provision for.local/community parks (through irrevocable dedication to county), slopes and'medians services.' General It is noted that subject draft discussion of Flood Control District identifies EKA as administering jurisdiction. EMA is similarly administering jurisdiction of HBPD and Landscaping and Lighting District. For consistency, it is suggested that reference to DIA be added to HBPD and LLD sections, or omitted from Flood Control District section. Please direct any questions concerning these comments to Bob Hamilton, MA Special Districts Administrator at x2173. REH:ac tR41-n gard •n I G E COUNTY ADMINISTRATIVE OFFICE November 7, 1980 Robert J. Gardner Williams-Kuebelbeck and Associates, Inc. 330 Washington St., Suite 710 Marina del Rey, CA 90291 Dear Bob: R. E. THOMAS COUNTY ADMINISTRATIVE OFFICER HALL OF ADMINISTRATION 10 CIVIC CENTER PLAZA SANTA ANA. CALIFORNIA 92701 TELEPHONE: a34.2345 AREA CODE 714 In a meeting with your staff on October 30 1980, our office made further comments regarding the preliminary draft Fiscal Impact Report (FIR) for the Irvine Coast project. This letter is a summary of those comments for your records. - Discuss, in general, the fiscal implications using a scenario that the National Urban Park will not be adopted. - Discuss the regional impacts on transportation systems, -particularly the San Joaquin H11.1s Transportation Corridor. These impacts. need not be quantified. - All written comments to the preliminary Draft FIR should be incor- porated into the final draft FIR in an appendix. MA:rja 1-B-14 Sincerely, 657 Mark Armstrong, Research Analyst C-9