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Millcreek Community Reinvestment Agency Olympus Hills CRA Increment and Budget Analysis Appendix D.1: Sales Tax Analysis Base Year Assumptions Retail Retail Sales per SF 255.00 $ Retail Square Feet 23,915 City Effective Rate County Effective Rate State Effective Rate Additional Assumptions State 4.700% 0.000% 0.000% 4.700% Annual Inflation 2.00% Transportation Infrast. 0.250% 0.000% 0.250% 0.000% Discount Rate 4.00% County 0.250% 0.000% 0.250% 0.000% Personal Property Rate 10% Mass Transit 0.300% 0.000% 0.300% 0.000% New Sales to State 15.00% 85.00% Additional Mass Trans 0.250% 0.000% 0.250% 0.000% New Sales to County 50.00% 50.00% Botanical, Cultural, Zoo 0.100% 0.000% 0.100% 0.000% New Sales to City 80.00% 20.00% County Option Trans 0.250% 0.000% 0.250% 0.000% City 1.000% 0.500% 0.000% 0.000% Total 7.100% 0.500% 1.400% 4.700% Retail Square Feet 3,587 7,175 9,566 11,958 14,349 16,741 19,132 21,524 23,915 23,915 23,915 23,915 23,915 23,915 23,915 23,915 23,915 23,915 23,915 23,915 Time Indexed Sales 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Retail 255 260 265 271 276 282 287 293 299 305 311 317 323 330 336 343 350 357 364 371 Gross Sales 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Total Retail 914,750 1,866,090 2,537,882 3,235,799 3,960,619 4,713,136 5,494,170 6,304,560 7,145,168 7,288,071 7,433,833 7,582,510 7,734,160 7,888,843 8,046,620 8,207,552 8,371,703 8,539,137 8,709,920 8,884,118 124,858,641 Total Gross Taxable Sales 914,750 1,866,090 2,537,882 3,235,799 3,960,619 4,713,136 5,494,170 6,304,560 7,145,168 7,288,071 7,433,833 7,582,510 7,734,160 7,888,843 8,046,620 8,207,552 8,371,703 8,539,137 8,709,920 8,884,118 124,858,641 Sales Tax Summary 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Total NPV 4% Estimated Gross Taxable Sales 914,750 1,866,090 2,537,882 3,235,799 3,960,619 4,713,136 5,494,170 6,304,560 7,145,168 7,288,071 7,433,833 7,582,510 7,734,160 7,888,843 8,046,620 8,207,552 8,371,703 8,539,137 8,709,920 8,884,118 124,858,641 $4,908,375 County Sales Tax Generation 6,403 13,063 17,765 22,651 27,724 32,992 38,459 44,132 50,016 51,017 52,037 53,078 54,139 55,222 56,326 57,453 58,602 59,774 60,969 62,189 874,010 $34,359 City Sales Tax Generation 3,659 7,464 10,152 12,943 15,842 18,853 21,977 25,218 28,581 29,152 29,735 30,330 30,937 31,555 32,186 32,830 33,487 34,157 34,840 35,536 499,435 $19,633 Total Sales Tax Generation (for three) 10,062 20,527 27,917 35,594 43,567 51,844 60,436 69,350 78,597 80,169 81,772 83,408 85,076 86,777 88,513 90,283 92,089 93,931 95,809 97,725 1,373,445 $53,992 Sales Tax Rates (Net Rate) Source: Rates in effect as of Oct 1, 2018 C:\Users\Elyse Greiner\Documents\RECORDER DOCUMENTS\CRA\Misc\ Olympus Hills CRA Budget