Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
0 1 2 3 4 5 6 7 8
Total 2021-2022 2022 2023 2024 2025 2026 2027 2028 2029 New Development
Market-Rate Residential 1,161 units 190 units 183 units 408 units 190 units 190 units $325,000 per unit $408,608,069 $64,244,700 $63,115,346 $143,530,504 $68,176,990 $69,540,529 $0 $0 $0 Affordable Housing 189 units 69 units 60 units 60 units $0 per unit $0 $0 $0 $0 $0 $0 $0 $0 $0
Hotel 1,337 rooms 100 units 100 units 392 units 350 units 336 units 59 units $275,000 per room $403,815,765 $28,611,000 $29,183,220 $116,686,187 $106,267,777 $104,057,408 $0 $19,010,173 $0 Commercial / Retail 321,014 SF 97,000 SF 89,214 SF 79,800 SF 30,000 SF 25,000 SF $335 PSF $114,988,074 $33,807,798 $31,715,995 $28,936,659 $11,096,012 $9,431,610 $0 $0 $0 R&D / Industrial 175,000 SF 100,000 SF 75,000 SF
$225 PSF $43,845,809 $0 $0 $0 $24,841,818 $19,003,991 $0 $0 $0 Office 29,878 SF 15,000 SF 14,878 SF
$295 PSF $9,446,651 $0 $4,695,845 $4,750,806 $0 $0 $0 $0 $0 Subtotal Value Add $980,704,368 $126,663,498 $128,710,406 $293,904,156 $210,382,597 $202,033,538 $0 $19,010,173 $0 Total Assessed Value $1,339,531,177 $1,492,985,299 $1,651,555,410 $1,978,490,674 $2,228,443,085 $2,475,045,485 $2,524,546,394 $2,594,047,496 $2,645,928,446 Incremental AV $153,454,122 $312,024,233 $638,959,497 $888,911,908 $1,135,514,307 $1,185,015,217 $1,254,516,319 $1,306,397,268 Total tax increment @ 1% $1,534,541 $3,120,242 $6,389,595 $8,889,119 $11,355,143 $11,850,152 $12,545,163 $13,063,973 City AB8 Share Available* 17.81% $223,814,176 $273,302 $555,715 $1,137,987 $1,583,152 $2,022,351 $2,110,512 $2,234,294 $2,326,694 Percent Allocated to EIFD 50.0% $111,907,088 $136,651 $277,858 $568,993 $791,576 $1,011,175 $1,055,256 $1,117,147 $1,163,347 City MVLF Share Equivalent Available 6.84% $86,007,949 $105,025 $213,552 $437,309 $608,378 $777,155 $811,034 $858,601 $894,108 Percent Allocated to EIFD 50.0% $43,003,975 $52,513 $106,776 $218,654 $304,189 $388,577 $405,517 $429,300 $447,054 Total Revenues Allocated to EIFD $154,911,062 $189,163 $384,633 $787,648 $1,095,765 $1,399,753 $1,460,773 $1,546,447 $1,610,401 * Tax Rate Area (TRA) weighted average within EIFD
10/4/2021
Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
Total
New Development
Market-Rate Residential 1,161 units
$325,000 per unit $408,608,069
Affordable Housing 189 units
$0 per unit $0
Hotel 1,337 rooms
$275,000 per room $403,815,765
Commercial / Retail 321,014 SF
$335 PSF $114,988,074
R&D / Industrial 175,000 SF
$225 PSF $43,845,809
Office 29,878 SF
$295 PSF $9,446,651
Subtotal Value Add $980,704,368
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City AB8 Share Available* 17.81% $223,814,176
Percent Allocated to EIFD 50.0% $111,907,088
City MVLF Share Equivalent Available 6.84% $86,007,949
Percent Allocated to EIFD 50.0% $43,003,975
Total Revenues Allocated to EIFD $154,911,062
* Tax Rate Area (TRA) weighted average within EIFD
9 10 11 12 13 14 15 16 17
2030 2031 2032 2033 2034 2035 2036 2037 2038
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$2,698,847,015 $2,752,823,955 $2,807,880,434 $2,864,038,043 $2,921,318,803 $2,979,745,180 $3,039,340,083 $3,100,126,885 $3,162,129,422 $1,359,315,837 $1,413,292,778 $1,468,349,257 $1,524,506,865 $1,581,787,626 $1,640,214,002 $1,699,808,906 $1,760,595,708 $1,822,598,245 $13,593,158 $14,132,928 $14,683,493 $15,245,069 $15,817,876 $16,402,140 $16,998,089 $17,605,957 $18,225,982 $2,420,942 $2,517,074 $2,615,130 $2,715,147 $2,817,164 $2,921,221 $3,027,360 $3,135,621 $3,246,047 $1,210,471 $1,258,537 $1,307,565 $1,357,573 $1,408,582 $1,460,611 $1,513,680 $1,567,810 $1,623,024 $930,326 $967,269 $1,004,950 $1,043,384 $1,082,588 $1,122,575 $1,163,362 $1,204,965 $1,247,400 $465,163 $483,634 $502,475 $521,692 $541,294 $561,288 $581,681 $602,483 $623,700 $1,675,634 $1,742,171 $1,810,040 $1,879,266 $1,949,876 $2,021,898 $2,095,361 $2,170,293 $2,246,724 10/4/2021
Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
Total
New Development
Market-Rate Residential 1,161 units
$325,000 per unit $408,608,069
Affordable Housing 189 units
$0 per unit $0
Hotel 1,337 rooms
$275,000 per room $403,815,765
Commercial / Retail 321,014 SF
$335 PSF $114,988,074
R&D / Industrial 175,000 SF
$225 PSF $43,845,809
Office 29,878 SF
$295 PSF $9,446,651
Subtotal Value Add $980,704,368
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City AB8 Share Available* 17.81% $223,814,176
Percent Allocated to EIFD 50.0% $111,907,088
City MVLF Share Equivalent Available 6.84% $86,007,949
Percent Allocated to EIFD 50.0% $43,003,975
Total Revenues Allocated to EIFD $154,911,062
* Tax Rate Area (TRA) weighted average within EIFD
18 19 20 21 22 23 24 25 26
2039 2040 2041 2042 2043 2044 2045 2046 2047
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$3,225,372,011 $3,289,879,451 $3,355,677,040 $3,422,790,581 $3,491,246,393 $3,561,071,320 $3,632,292,747 $3,704,938,602 $3,779,037,374 $1,885,840,834 $1,950,348,274 $2,016,145,863 $2,083,259,404 $2,151,715,215 $2,221,540,143 $2,292,761,570 $2,365,407,425 $2,439,506,197 $18,858,408 $19,503,483 $20,161,459 $20,832,594 $21,517,152 $22,215,401 $22,927,616 $23,654,074 $24,395,062 $3,358,683 $3,473,570 $3,590,756 $3,710,285 $3,832,205 $3,956,563 $4,083,408 $4,212,791 $4,344,761 $1,679,341 $1,736,785 $1,795,378 $1,855,142 $1,916,102 $1,978,281 $2,041,704 $2,106,395 $2,172,380 $1,290,684 $1,334,833 $1,379,866 $1,425,799 $1,472,651 $1,520,439 $1,569,184 $1,618,903 $1,669,617 $645,342 $667,417 $689,933 $712,899 $736,325 $760,220 $784,592 $809,452 $834,808 $2,324,683 $2,404,202 $2,485,311 $2,568,042 $2,652,428 $2,738,501 $2,826,296 $2,915,847 $3,007,189 10/4/2021
Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
Total
New Development
Market-Rate Residential 1,161 units
$325,000 per unit $408,608,069
Affordable Housing 189 units
$0 per unit $0
Hotel 1,337 rooms
$275,000 per room $403,815,765
Commercial / Retail 321,014 SF
$335 PSF $114,988,074
R&D / Industrial 175,000 SF
$225 PSF $43,845,809
Office 29,878 SF
$295 PSF $9,446,651
Subtotal Value Add $980,704,368
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City AB8 Share Available* 17.81% $223,814,176
Percent Allocated to EIFD 50.0% $111,907,088
City MVLF Share Equivalent Available 6.84% $86,007,949
Percent Allocated to EIFD 50.0% $43,003,975
Total Revenues Allocated to EIFD $154,911,062
* Tax Rate Area (TRA) weighted average within EIFD
27 28 29 30 31 32 33 34 35
2048 2049 2050 2051 2052 2053 2054 2055 2056
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$3,854,618,121 $3,931,710,484 $4,010,344,693 $4,090,551,587 $4,172,362,619 $4,255,809,871 $4,340,926,069 $4,427,744,590 $4,516,299,482 $2,515,086,944 $2,592,179,307 $2,670,813,516 $2,751,020,410 $2,832,831,442 $2,916,278,694 $3,001,394,892 $3,088,213,413 $3,176,768,305 $25,150,869 $25,921,793 $26,708,135 $27,510,204 $28,328,314 $29,162,787 $30,013,949 $30,882,134 $31,767,683 $4,479,370 $4,616,671 $4,756,719 $4,899,567 $5,045,273 $5,193,892 $5,345,484 $5,500,108 $5,657,824 $2,239,685 $2,308,336 $2,378,359 $2,449,784 $2,522,636 $2,596,946 $2,672,742 $2,750,054 $2,828,912 $1,721,345 $1,774,108 $1,827,925 $1,882,820 $1,938,812 $1,995,924 $2,054,178 $2,113,597 $2,174,205 $860,673 $887,054 $913,963 $941,410 $969,406 $997,962 $1,027,089 $1,056,799 $1,087,102 $3,100,357 $3,195,389 $3,292,322 $3,391,194 $3,492,042 $3,594,908 $3,699,831 $3,806,853 $3,916,015 10/4/2021
Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
Total
New Development
Market-Rate Residential 1,161 units
$325,000 per unit $408,608,069
Affordable Housing 189 units
$0 per unit $0
Hotel 1,337 rooms
$275,000 per room $403,815,765
Commercial / Retail 321,014 SF
$335 PSF $114,988,074
R&D / Industrial 175,000 SF
$225 PSF $43,845,809
Office 29,878 SF
$295 PSF $9,446,651
Subtotal Value Add $980,704,368
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City AB8 Share Available* 17.81% $223,814,176
Percent Allocated to EIFD 50.0% $111,907,088
City MVLF Share Equivalent Available 6.84% $86,007,949
Percent Allocated to EIFD 50.0% $43,003,975
Total Revenues Allocated to EIFD $154,911,062
* Tax Rate Area (TRA) weighted average within EIFD
36 37 38 39 40 41 42 43 44
2057 2058 2059 2060 2061 2062 2063 2064 2065
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$4,606,625,472 $4,698,757,981 $4,792,733,141 $4,888,587,804 $4,986,359,560 $5,086,086,751 $5,187,808,486 $5,291,564,656 $5,397,395,949 $3,267,094,294 $3,359,226,804 $3,453,201,963 $3,549,056,626 $3,646,828,382 $3,746,555,574 $3,848,277,309 $3,952,033,478 $4,057,864,771 $32,670,943 $33,592,268 $34,532,020 $35,490,566 $36,468,284 $37,465,556 $38,482,773 $39,520,335 $40,578,648 $5,818,695 $5,982,783 $6,150,153 $6,320,870 $6,495,001 $6,672,615 $6,853,782 $7,038,572 $7,227,057 $2,909,347 $2,991,391 $3,075,076 $3,160,435 $3,247,501 $3,336,308 $3,426,891 $3,519,286 $3,613,529 $2,236,025 $2,299,081 $2,363,398 $2,429,002 $2,495,918 $2,564,172 $2,633,791 $2,704,802 $2,777,234 $1,118,012 $1,149,540 $1,181,699 $1,214,501 $1,247,959 $1,282,086 $1,316,895 $1,352,401 $1,388,617 $4,027,360 $4,140,932 $4,256,775 $4,374,936 $4,495,459 $4,618,394 $4,743,786 $4,871,687 $5,002,146 10/4/2021
Appendix C
Napa EIFD - Projected Tax Increment Revenue Analysis
DRAFT
Total
New Development
Market-Rate Residential 1,161 units
$325,000 per unit $408,608,069
Affordable Housing 189 units
$0 per unit $0
Hotel 1,337 rooms
$275,000 per room $403,815,765
Commercial / Retail 321,014 SF
$335 PSF $114,988,074
R&D / Industrial 175,000 SF
$225 PSF $43,845,809
Office 29,878 SF
$295 PSF $9,446,651
Subtotal Value Add $980,704,368
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City AB8 Share Available* 17.81% $223,814,176
Percent Allocated to EIFD 50.0% $111,907,088
City MVLF Share Equivalent Available 6.84% $86,007,949
Percent Allocated to EIFD 50.0% $43,003,975
Total Revenues Allocated to EIFD $154,911,062
* Tax Rate Area (TRA) weighted average within EIFD
45 46 47 48 49 50
2066 2067 2068 2069 2070 2071
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$5,505,343,868 $5,615,450,745 $5,727,759,760 $5,842,314,955 $5,959,161,254 $6,078,344,479 $4,165,812,690 $4,275,919,568 $4,388,228,583 $4,502,783,778 $4,619,630,077 $4,738,813,302 $41,658,127 $42,759,196 $43,882,286 $45,027,838 $46,196,301 $47,388,133 $7,419,312 $7,615,413 $7,815,435 $8,019,458 $8,227,561 $8,439,826 $3,709,656 $3,807,706 $3,907,718 $4,009,729 $4,113,781 $4,219,913 $2,851,115 $2,926,473 $3,003,338 $3,081,740 $3,161,711 $3,243,281 $1,425,557 $1,463,236 $1,501,669 $1,540,870 $1,580,855 $1,621,640 $5,135,213 $5,270,943 $5,409,386 $5,550,599 $5,694,636 $5,841,554 10/4/2021