LWC
Alternative A:
Annexation
2045
Alternative B:
Infill
Alternative C:
Hybrid
Alternative A:
Annexation
2050
Alternative B:
Infill
Alternative C:
Hybrid
Property Tax
Property Transfer Tax
Property Tax in Lieu of VLF
Sales Tax
Transient Occupancy Tax
Business Licenses
Licenses, Permits & Fines
Revenue from Use of Money & Property
Revenues from Other Agencies
Charges for Current Services
Other Revenue
Total General Fund Revenues
Measure U Revenues
Total General Fund Revenues with Measure U
$4,602,619
$79,293
$4,202,992
$3,183,765
$0
$119,817
$163,350
$264,620
$46,033
$419,146
$66,692
$13,148.328
$3,183,765
$16,332,093
$2,508,245
$52,249
$2,290,465
$1,548,618
$0
$101,417
$138,264
$223,982
$38,964
$354,777
$56,450
$7,313,431
$1,548,618
$8,862,049
$2,580,518
$51,844
$2,356,462
$1,770,043
$0
$108,140
$147,429
$238,830
$41,547
$378,295
$60,192
$7,733,298
$1,770,043
$9,503,341
$4,602,619
$79,293
$4,202,992
$3,183,765
$192,685
$119,817
$163,350
$264,620
$46,033
$419,146
$66,692
$13,341.013
$3,183,765
$16,524,778
$2,508,245
$52,249
$2,290,465
$1,548,618
$192,685
$101,417
$138,264
$223,982
$38,964
$354,777
$56,450
$7,506,116
$1,548,618
$9,054,734
$2,580,518
$51,844
$2,356,462
$1,770,043
$192,685
$108,140
$147,429
$238,830
$41,547
$378,295
$60,192
$7,925.983
$1,770,043
$9,696,026
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 129
LWC
Table A-4: Detailed General Fund Net New Expenditures 5 -Year Increments 2025 2030
Alternative A: Alternative B: Alternative C: Alternative A: Alternative B: Alternative C:
Annexation Infill Hybrid Annexation Infill Hybrid
General Government
Mayor & Council
City Attorney
City Manager
Finance
Community Development
Recreation & Parks
Police
Fire
Public Works
Total General Fund Expenditures
Net Annual Surplus/(Deficit)
Net Annual Surplus/(Deficit) as % of Total
Revenue
$4,283 $4,811 $4,402 $4,283 $4,811 $4,402
$30,601 $34,378 $31,456 $30,601 $34,378 $31,456
$163,290 $183,443 $167,848 $163,290 $183,443 $167,848
$343,665 $386,081 $353,259 $343,665 $386,081 $353,259
$160,599 $180,421 $165,083 $160,599 $180,421 $165,083
$352,327 $395,812 $362,163 $352,327 $395,812 $362,163
$1,291,056 $1,450,399 $1,327,096 $1,291,056 $1,450,399 $1,327,096 $480,399 $539,691 $493,810 $480,399 $539,691 $493,810
$117,605 $132,119 $120,888 $117,605 $132,119 $120,888
$2,943,825 $3,307,156 $3,026,004 $2,943.825 $3,307,156 $3,026.004 $3,203,730 $4,034,809 $3,060,919 $3,396,416 $4,227,494 $3,253,604 52% 55% 50% 54% 56% 52%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 1 30
LWC
Alternative A:
Annexation
2025
Alternative B:
Infill
Alternative C: Alternative A:
Hybrid Annexation
2030
Alternative B:
Infill
Alternative C:
Hybrid
Measure U Expenditures
Police
Fire
Recreation & Parks
Library
Community Development
City Manager
Finance
Total Measure U Fxpenditures
Total General Fund Expenditures with Measure U
Net Annual Surplus/(Deficit) with Measure U
Net Annual Surplus/(Deficit) as % of Total Revenue
$391,738
$306,229
$71,624
$16,645
$12,695
$696
$3,840
$803,467
$3,747,292
$3,279,136
47%
$440,087 $402,674
$344,024 $314,778
$80,464 $73,623
$18,699 $17,110
$14,261 $13,049
$782 $716
$4,314 $3,947
$902.63? $825.897
$4,209,788 $3,851,900
$4,634,462 $3,233,613
52%
46%
$391,738
$306,229
$71,624
$16,645
$12,695
$696
$3,840
$803,467
$3,747,292
$3,471,821
48%
$440,087 $402,674
$344,024 $314,778
$80,464 $73,623
$18,699 $17,110
$14,261 $13,049
$782 $716
$4,314 $3,947
$907.637 $825,897
$4,209,788 $3,851,900
$4,827,147 $3,426,298
53%
47%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 1 31
LWC
2035 2040
Alternative A: Alternative B: Alternative C: Alternative A: Alternative B: Alternative C:
Annexation Infill Hybrid Annexation Infill Hybrid
General Government
Mayor & Council
City Attorney
City Manager
Finance
Community Development
Recreation & Parks
Police
Fire
Public Works
Total General Fund Expenditures
Net Annual Surplus/(Deficit)
Net Annual Surplus/(Deficit) as % of Total
Revenue
$4,164
$29,751
$158,752
$334,113
$156,136
$342,535
$1,255,173
$467,047
$114,336
$2,862,006
$3,139,771
52%
$4,721
$33,733
$180,002
$378,838
$177,036
$388,386
$1,423,190
$529,566
$129,641
$3.245.114
$4,068,316
56%
$4,288
$30,635
$163,470
$344,043
$160,776
$352,715
$1,292,477
$480,928
$117,734
$2.947.066
$2,995,934
50%
$4,635
$33,118
$176,721
$371,933
$173,809
$381,308
$1,397,251
$519,914
$127,278
$3,185.96q
$4,721
$33,733
$180,002
$378,838
$177,036
$388,386
$1,423,190
$529,566
$129,641
$3,245,114
$5,390,677 $4,261,002
63%
57%
$4,785
$34,191
$182,446
$383,982
$179,440
$393,660
$1,442,515
$536,757
$131,401
$3,289,178
$4,040,039
55%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 132
LWC
2035 2040
Alternative A: Alternative B: Altemative C: Altemative A: Alternative B: Alternative C:
Annexation InfiII Hybrid Annexation Infill Hybrid
Measure U Expenditures
Police
Fire
Recreation & Parks
Library
Community Development
City Manager
Finance
Total Measure U Fxpenditures
Total General Fund Expenditures with Measure U
Net Annual Surplus/(Deficit) with Measure U
Net Annual Surplus/(Deficit) as 96 of Total Revenue
$380,851 $431,831 $392,170 $423,961 $431,831 $437,695
$297,718 $337,571 $306,566 $331,418 $337,571 $342,154
$69,633 $78,954 $71,703 $77,515 $78,954 $80,026
$16,182 $18,349 $16,663 $18,014 $18,349 $18,598
$12,342 $13,994 $12,709 $13,739 $13,994 $14,184
$677 $768 $697 $754 $768 $778
$3,733 $4,233 $3,844 $4,156 $4,233 $4,290
$781.136 $885,699 $804.357 $869 556 $885.699 $897.7?6
$3,643,142 $4,130,813 $3,751,418 $4,055,525 $4,130,813 $4,186,904 $3,223,028 $4,731,236 $3,176,202 $6,158,638 $4,923,921 $4,650,548 47% 53% 46%
60% 54% 53%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 1 33
LWC
2045 2050
Alternative A: Alternative B: Alternative C: Alternative A: Alternative B: Alternative C:
Annexation Infill Hybrid Annexation Infill Hybrid
General Government
Mayor & Council
City Attorney
City Manager
Finance
Community Development
Recreation & Parks
Police
Fire
Public Works
Total General Fund Expenditures
Net Annual Surplus/(Deficit)
Net Annual Surplus/(Deficit) as % of Total
Revenue
$5,578
$39,854
$212,661
$447,573
$209,157
$458,854
$1,681,408
$625,648
$153,162
$3,833,894
$9,314,434 $4,068,316
71%
$4,721
$33,733
$180,002
$378,838
$177,036
$388,386
$1,423,190
$529,566
$129,641
$3.245.114
56%
$5,034
$35,969
$191,934
$403,951
$188,772
$414,133
$1,517,534
$564,671
$138,235
$3.460.235
$4,273,063
55%
$5,578
$39,854
$212,661
$447,573
$209,157
$458,854
$1,681,408
$625,648
$153,162
$3,833.894
$4,721
$33,733
$180,002
$378,838
$177,036
$388,386
$1,423,190
$529,566
$129,641
$3,745,114
$9,507,119 $4,261,002
71%
57%
$5,034
$35,969
$191,934
$403,951
$188,772
$414,133
$1,517,534
$564,671
$138,235
$3,460,235
$4,465,749
56%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 134
LWC
2045 2050
Alternative A: Alternative B: Altemative C: Altemative A: Alternative B: Alternative C:
Annexation Infill Hybrid Annexation Infill Hybrid
Measure U Expenditures
Police
Fire
Recreation & Parks
Library
Community Development
City Manager
Finance
Total Measure U Expenditures
Total General Fund Expenditures with Measure U
Net Annual Surplus/(Deficit) with Measure U
Net Annual Surplus/(Deficit) as 96 of Total Revenue
$510,181 $431,831 $460,458 $510,181 $431,831 $460,458
$398,818 $337,571 $359,948 $398,818 $337,571 $359,948
$93,279 $78,954 $84,188 $93,279 $78,954 $84,188
$21,678 $18,349 $19,565 $21,678 $18,349 $19,565
$16,533 $13,994 $14,922 $16,533 $13,994 $14,922
$907 $768 $818 $907 $768 $818
$5,001 $4,233 $4,513 $5,001 $4,233 $4,513
$1.046 396 $885,699 $944.413 $1,046,396 $885.699 $944.413 $4,880,290 $4,130,813 $4,404,647 $4,880,290 $4,130,813 $4,404,647 $11,451,803 $4,731,236 $5,098,693 $11,644,488 $4,923,921 $5,291,379 70% 53% 54%
70% 54% 55%
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 1 35
LWC
Table A-5: Retail Rent Comparables
Year
Built
SF Annual Rent
Annual
Rent PSF
E Betteravia Rd, Ste 3B
560 S Blosser Rd, Ste X
560 S Blosser Rd, Ste Y
2247 S Depot St, Ste 103
1606 E Clark Ave, Ste 101
550 E Betteravia Rd, Ste D
1423 S Bradley Rd
335 E Betteravia Rd
230-238 E Betteravia Rd, Ste 230 C
230-238 E Betteravia Rd, Ste 230 M/R
223 E Betteravia Rd
4869 S Bradley Rd
402 E Main St
1609-1637 S Broadway, Ste 1617
2022 1,290 $59,598
2020 5,737 $120,477
2020 1,656 $49,680
2019 5,682 $143,186
2019 1,100 $39,600
2008 3,510 $84,240
2000 7,000 $210,000
1994 8,032 $195,660
1982 2,086 $50,040
1982 8,400 $201,600
1981 4,860 $131,220
1981 1,420 $24,708
1980 3,610 $86,640
1977 3,440 $61,920
$46.20
$21.00
$30.00
$25.20
$36.00
$24.00
$30.00
$24.36
$23.99
$24.00
$27.00
$17.40
$24.00
$18.00
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 136
Table A-6: Office Rent Comparables
Year
Built
SF Annual Rent Annual
Rent PSF
1414 S Miller St, Ste L -P
2247 S Depot St, Ste 103
1430 E Main St, Ste 103
1430 E Main St, Ste 107
411-421 E Betteravia Rd, Ste 202/203
2236 S Broadway, Ste A
525 E Plaza Dr, Ste 306
525 E Plaza Dr, Ste 307
1300 E Cypress St
201 S Miller St, Ste 105
201 S Miller St, Ste 107
1105 E Foster Rd, Ste C
1105 E Foster Rd, Ste H
230-238 E Betteravia Rd, Ste 230 C
230-238 E Betteravia Rd, Ste 230 M/R
402 E Main St
821 E Chapel St, Ste 201
2019
2019
2018
2018
2005
2000
1994
1994
1990
1988
1988
1985
1985
1982
1982
1980
1950
3,825
5,682
1,096
467
2,740
2,214
3,422
1,450
15,360
1,760
1,550
1,035
814
2,086
8,400
3,610
1,922
$91,800 $24.00
$143,186 $25.20
$23,016 $21.00
$9,807 $21.00
$73,980 $27.00
$39,852 $18.00
$58,311 $17.04
$24,708 $17.04
$460,800 $30.00
$34,848 $19.80
$30,690 $19.80
$22,977 $22.20
$18,071 $22.20
$50,040 $23.99
$201,600 $24.00
$86,640 $24.00
$44,975 $23.40
Table A-7: Industrial Rent Comparables
Year
Built
SF Annual Rent Annual
Rent PSF
1158-1160 W Betteravia Rd, Ste 1158
2377 A St
2330 A St, Ste 2-B
3070 Skyway Dr, Ste 402
2049 Preisker Ln
1344 White Ct
2315 Meredith Ln
850-900 E Stowell Rd
2014 11,944 $136,162 $11.40
2008 1,500 $18,000 $12.00
2006 6,968 $10.20
2004 2,000 $42,000 $21.00
2001 1,534 $15,647 $10.20
1990 7,500 $99,000 $13.20
1987 3,130 $33,804 $10.80
1960 10,000 $120,000 $12.00
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 137
Table A-8: 2 -Bedroom Multifamily Rent Comparables
Year Building Number of
Built
type Units
SF
Total Monthly
Rent Price PSF
703 E Meehan St Unit 7303
703 E Meehan St Unit 1114
1735 Biscayne St Unit 0-159
1735 Biscayne St Unit N-153
2460 Rubel Way Unit 2429J
2460 Rubel Way Unit 2517J
740 S Western Ave Unit 3-049
740 S Western Ave Unit 1-001
2020
2020
2011
2011
2004
2004
1979
1979
Apartment
Apartment
Apartment
Apartment
Apartment
Apartment
Apartment
Apartment
318
318
128
128
208
208
460
460
870
947
1,257
1,257
1,109
1,084
788
788
$2,763 $3.18
$2,803 $2.96
$3,038 $2.42
$3,073 $2.44
$3,289 $2.97
$3,322 $3.06
$2,804 $3.56
$2,797 $3.55
Table A-9: 2 -Bedroom Multifamily Sales Price Comparables Year
Built
Building
Type
SF Sale Price
Price
PSF
Date Sold
5684 Kai Ct
5677 Kai Ct
5612 Aidan Way
5622 Kai Ct
4344 Foxenwood Cir
4316 Foxenwood Cir
610 Sunrise Dr Unit 10L
610 Sunrise Dr Unit 4G
610 Sunrise Dr Unit 9D
610 Sunrise Dr Unit 4J
310 E McCoy Ln Unit 5D
310 E Mccoy Ln Unit 2C
310 E McCoy Ln Unit 5H
310 E McCoy Ln Unit 10K
310 E McCoy Ln Unit 5J
310 E McCoy Ln Unit 7G
310 E McCoy Ln Unit 2L
310 E Mccoy Ln Unit 2k
2019
2019
2018
2018
2008
2007
2005
2005
2005
2005
2003
2003
2003
2003
2003
2003
2003
2003
Townhouse
Townhouse
Townhouse
Condo/Co-op
Townhouse
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
Condo/Co-op
1,884
1,884
1,841
1,749
2,137
2,137
1,129
1,129
1,129
1,129
1,130
1,130
1,130
1,130
1,130
1,130
1,130
1,130
$605,000
$538,000
$589,000
$545,000
$545,000
$705,000
$330,000
$322,500
$295,000
$295,000
$347,000
$375,000
$359,000
$332,000
$289,900
$305,000
$277,500
$245,095
$321
$286
$320
$312
$255
$330
$292
$286
$261
$261
$307
$332
$318
$294
$257
$270
$246
$217
July -1-2022
February -26-2021
June -24-2022
March -12-2021
February -26-2021
April -13-2022
August -18-2021
August -13-2021
February -18-2021
November -17-2020
August -9-2022
May -13-2022
April -8-2022
September -14-2021
March -10-2021
December -30-2020
July -17-2020
December -19-2019
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 1 38
Table A-10: 3 -Bedroom Single -Family Home Sales Price Comparables Year
Built
SF Sale Price Price PSF Date Sold
1517 Copperberry Way
1618 Tuscan Way
1612 Tuscan Way
5606 Kai Ct
5891 Leaf Springs PI
1876 Sterling PI
1013 Shultz Ln
1932 Blue Sage Ln
1053 Shultz Ln
1320 Shelton Way
1021 Shultz Ln
1870 Sterling PI
1107 Suncrest PI
1505 S Irving Ln
1502 S Lennox
1348 W Milford Way
1336 W Milford Way
1826 Sterling PI
1971 S Miller St
301 Dressler Ave
1974 Blue Sage Ln
1541 S Syracuse Ln
1959 Celebration Ave
325 Dressler
2441 Parkland
787 Mahogany St
810 Union Ave
1167 Hastings Ct
785 Sage Crest Dr
2022
2021
2021
2020
2020
2019
2018
2018
2018
2018
2018
2018
2018
2017
2017
2017
2017
2017
2017
2017
2017
2017
2016
2016
2015
2014
2012
2012
2011
2004
2949
2949
2055
2150
1585
1801
1585
2362
1499
2362
1446
1585
1401
1300
1763
1499
1705
1588
1739
1585
1506
1732
2132
1505
1562
1466
1879
2081
$999,999
$999,000
$1,024,000
$620,000
$989,000
$588,000
$680,000
$535,000
$850,000
$572,500
$815,000
$545,000
$586,000
$545,000
$551,000
$600,000
$625,000
$569,000
$550,000
$768,000
$549,000
$530,000
$530,000
$790,000
$52,000
$759,000
$584,000
$850,000
$849,000
$499
$339
$347
$302
$460
$371
$378
$338
$360
$382
$345
$377
$370
$389
$424
$340
$417
$334
$346
$442
$346
$352
$306
$371
$35
$486
$398
$452
$408
April -25-2022
June -16-2022
June -10-2022
September -14-2022
April -26-2022
April -27-2022
November -10-2022
October -14-2022
August -9-2022
July -8-2022
June -6-2022
May -13-2022
April -20-2022
November -1-2022
September -13-2022
August -18-2022
August -15-2022
July -29-2022
July -20-2022
June -30-2022
June -30-2022
June -14-2022
October -4-2022
June -10-2022
August -12-2022
September -21-2022
November -3-2022
May -20-2022
August -12-2022
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 139
Year
Built
SF Sale Price Price PSF Date Sold
1345 Veneto Dr
735 Damask Ct
1738 Bilbao Dr
205 Navarra Way
1595 Jensen Ranch Rd
1571 Jensen Ranch Rd
2612 Long Ter
2737 Taran Ct
2214 Cordoban Ln
927 Sloan
1031 Anabelle St
1608 Paraiso Dr
610 Sunrise Dr Unit 8D
2990 Wildhaven Cir #2
2011
2008
2007
2007
2006
2006
2005
2005
2005
2005
2005
2005
2005
2005
1206
1242
2144
2394
1682
1871
2120
2328
1874
1868
2268
1845
1128
3200
$500,000
$555,000
$530,000
$715,000
$684,000
$795,000
$739,000
$745,000
$550,000
$630,500
$670,000
$650,000
$407,000
$1,600,000
$415
$447
$247
$299
$407
$425
$349
$320
$293
$338
$295
$352
$361
$500
June -24-2022
July -22-2022
September -29-2022
August -12-2022
September -2-2022
July -6-2022
October -26-2022
August -11-2022
July -22-2022
July -19-2022
June -30-2022
June -24-2022
June -10-2022
April -22-2022
983 Osos Street, San Luis Obispo, CA 93401 1 (805) 595 1345 1 lisawiseconsulting.com 140