Scotts Valley City Council
September 16, 2026

AGENDA
Meeting of the
Scotts Valley City Council
In-Person and Remote Access
Date: September 16, 2026
Time: 6:00 PM

CONTACT

INFORMATION

MEETING LOCATION POSTING
City of Scotts Valley
1 Civic Center Drive
Scotts Valley, CA 95066
(831) 440-5600
City Council Chambers
1 Civic Center Drive
Scotts Valley, CA 95066
OR
Zoom Video Conference
https://us02web.zoom.us/j/83295730901
Agenda posted on 9-11-
2026 at City Hall, SV
Senior Center, SV Public
Works Building, and on the
Internet
at: www.scottsvalley.gov

ELECTED OFFICIALS CITY STAFF MEMBERS
Donna Lind, Mayor
Steve Clark, Vice Mayor
Krista Jett, Council Member
Derek Timm, Council Member
Greg Wimp, Council Member
Mali LaGoe, City Manager
Kirsten Powell, City Attorney
Cathie Simonovich, City Clerk

MEETING NOTICE AND AGENDA PACKET MATERIALS
Notice regarding City Council Meetings:

The City Council meets regularly on the 1st and 3rd Wednesday of each month at 6:00 PM in the City Hall Council Chambers located at 1 Civic Center Drive, Scotts Valley, CA 95066, and via Zoom Webinar remote access.

Agenda and Agenda Packet Materials:

The City Council agenda and the complete agenda packet are available for review by 5:00 PM the Friday before the Wednesday meeting on the Internet at the City’s website:
www.scottsvalley.gov and in the lobby of City Hall at 1 Civic Center Drive, Scotts Valley, CA.

Pursuant to Government Code §54957.5, materials related to an agenda item, submitted after distribution of the agenda packet, are available for public inspection in the lobby of City Hall during normal business hours, Monday-Friday, 8am-12 pm and 1-5 pm. In accordance with AB 1344, such documents will be posted on the City’s website at www.scottsvalley.gov.

Public Participation:

The meeting will be available on Zoom and livestreamed to the City of Scotts Valley’s YouTube channel: https://www.youtube.com/@cityofscottsvalley
For those wishing to participate via Zoom you can join the following ways:

Zoom Webinar meeting link: https://us02web.zoom.us/j/83295730901 Or dial one of these numbers: (669) 900-9128 or (669) 444-9171 Webinar ID: 832 9573 0901

City Council Meeting Agenda Page 2
Date: September 16, 2026
Whether attendance is in-person or remote, you will be given opportunities to provide public comment at the appropriate times throughout the meeting. The time limit is up to 3 minutes for an individual, or 5 minutes for someone who is representing a group of three or more, at the discretion of the Mayor. Please note that this is not a question-and-answer time, but simply a time to provide comments to the Council. At the appropriate times during the meeting for public comment, on items not on the agenda, and on specific agenda items, the Mayor will announce that public comment will be accepted.

How to comment via in-person attendance:

Please proceed to the public comment podium when the Mayor opens the item for public comment.

How to comment via Zoom Webinar:

Use the webinar attendee option to “raise hand” when the Mayor opens the item for public comment. The Clerk will unmute you when it is your turn. If you have joined via Zoom phone call, dial *9 or your phone to “raise your hand”, and the Clerk will unmute you when it is your turn.

CALL TO ORDER 6:00 PM
PLEDGE OF ALLEGIANCE and MOMENT OF SILENCE

ROLL CALL

SPECIAL SET MATTER

1. Mayor's Proclamation for the Week Without Driving October 1st through October 8th

2. City Council Proclamation to honor City Manager Mali LaGoe

COMMITTEE REPORTS
Council members are appointed to committees which are either City committees or committees dealing with other jurisdictions. This portion of the agenda allows the committee member to present oral or written reports to the Council regarding their committee assignments. It also allows the Council to make comments and give the committee member direction, as required.

CITY MANAGER REPORT

PUBLIC COMMENT TIME
This is the opportunity for individuals attending in person or virtually to make oral comments to the Council on any items within the purview of the Council, which are NOT part of the Agenda.

City Council Meeting Agenda Page 3
Date: September 16, 2026
No action on the item may be taken, but the Council may request the matter be placed on a future agenda. Written public comment may be emailed to the City Clerk by 5:00 PM on the day of the meeting at [email protected].

ALTERATIONS TO CONSENT AGENDA
Council can remove or add items to the Consent Agenda.

CONSENT AGENDA
The Consent Agenda is comprised of items which are intended to be non-controversial and are approved without discussion. Persons wishing to speak on any item may request the item be moved to the Regular Agenda by raising their hand to be recognized by the Mayor. An item will only be moved from the Consent Agenda to the Regular Agenda if a City Council Member requests it to be moved and a majority of the Council agrees.

1. Approve City Council minutes of 09-02-2026

2. Monthly Treasurer's Report - June 2026

3. Approve Designation of Voting Delegate for 2026 League of California Cities Annual Conference

ALTERATIONS TO REGULAR AGENDA
Council can remove or add items to the Regular Agenda.

REGULAR AGENDA
Persons wishing to speak on any item may do so by raising their hand to be recognized by the Mayor.

1. Consideration of Resolution No. 2080.1, approving the Infrastructure Financing Plan for the Scotts Valley Enhanced Infrastructure Financing District and the allocation of the City's incremental property tax revenue within the Scotts Valley Enhanced Infrastructure Financing District pursuant to Government Code Sections 53398.68 and 53398.75

2. Future Council Agenda Items

CONVENE TO CLOSED SESSION

CLOSED SESSION SUBJECT(S)

City Council Meeting Agenda Page 4
Date: September 16, 2026

1. Conference with legal counsel regarding liability claim Legal Authority: Government Code Section 54956.95
Name of Case: James Ross
Staff Present: City Manager, City Attorney, Administrative Services Director

RECONVENE TO OPEN SESSION

REPORT ON ACTION TAKEN DURING CLOSED SESSION

ADJOURNMENT

ADA NOTICE
The City of Scotts Valley does not discriminate against persons with disabilities. The City Council Chambers is an accessible facility. If you wish to attend a City Council meeting and require assistance such as sign language, a translator, or other special assistance or devices in order to attend and participate at the meeting, please call the City Clerk's office at (831) 440-5608 five to seven days in advance of the meeting to make arrangements for assistance. If you require the agenda of a City Council meeting be available in an alternative format consistent with a specific disability, please call the City Clerk’s Office. The California State Relay Service (TTY/VCO/HCO to Voice: English 1-800-735-2929, Spanish 1-800-855-3000; or, Voice to TTY/VCO/HCO: English 1-800-735-2922, Spanish 1-800-855-3000), provides Telecommunications Devices for the Deaf and Disabled and will provide a link between the TDD caller and users of telephone equipment.

City Council Meeting Agenda Page 5
Date: September 16, 2026

PROCEDURAL INFORMATION FOR THE PUBLIC

THE FOLLOWING IS THE PROCEDURE COUNCIL SHOULD TAKE IN
APPROVAL OF A RESOLUTION:

1. Move the Resolution number for approval.

2. Second the motion.

3. Vote by body, a roll call vote is not required.

THE FOLLOWING IS THE PROCEDURE COUNCIL SHOULD TAKE IN
INTRODUCTION/ADOPTION OF AN ORDINANCE:

1. Move the Ordinance number for introduction (or adoption).

2. Move the Ordinance be introduced by title only and waive the reading of the text.

3. Read the Ordinance title.

4. Second the motion.

5. Vote by body, a roll call vote is not required.

THE FOLLOWING IS THE PROCEDURE COUNCIL SHOULD TAKE IN
PUBLIC COMMENT/PUBLIC HEARINGS:

Unless otherwise determined by the presiding officer of the meeting:

1. Three minutes allowed per individual to speak.

2. Five minutes allowed per individual representing a group of three or more. ❖❖❖❖❖❖❖❖
The City of Scotts Valley does not discriminate against persons with disabilities. The City Council Chambers is an accessible facility. If you wish to attend a City Council meeting and require assistance such as sign language, a translator, or other special assistance or devices in order to attend and participate at the meeting, please call the City Clerk's office at (831) 440-5608 five to seven days in advance of the meeting to make arrangements for assistance. If you require the agenda of a City Council meeting be available in an alternative format consistent with a specific disability, please call the City Clerk’s Office. The California State Relay Service (TTY/VCO/HCO to Voice: English 1-800-735-2929, Spanish 1-800-855-3000; Voice to TTY/VCO/HCO: English 1- 800-735-2922, Spanish 1-800-855-3000; or, from or to Speech-to-Speech, English & Spanish 1- 800-854-7787), provides Telecommunications Devices for the Deaf and Disabled and will provide a link between the TDD caller and users of telephone equipment.

Proclamation of the City Council of the
City of Scotts Valley
Honoring Mali LaGoe
WHEREAS, Mali LaGoe began serving as City Manager of the City of Scotts Valley in January 2022, providing dedicated leadership focused on organizational excellence, fiscal responsibility, community engagement, and the City’s long-term vitality; and WHEREAS, under Mali’s leadership, the City stabilized its workforce, dramatically reduced vacancies, attracted experienced professionals, and fostered an engaged and missiondriven organization; and WHEREAS, Mali modernized City operations through significant investments in technology, cybersecurity, public safety systems, and organizational processes, while establishing strategic planning that better aligned City Council priorities, budgeting, staffing, and departmental work; and
WHEREAS, Mali strengthened the City’s financial position by securing more than $3.1 million in grant funding, pursuing additional funding opportunities, establishing a Pension 115 Trust, identifying efficiencies and revenues, and promoting responsible stewardship of the General Fund; and
WHEREAS, Mali revitalized recreation and community engagement following the COVID19 pandemic, enhancing programs, parks, community events, the Senior Center, Citizens Academy, and City communications; and
WHEREAS, Mali strengthened regional partnerships and advocacy while advancing significant investments in roads, bicycle and pedestrian improvements, parks, City facilities, public safety, wastewater infrastructure, and emergency preparedness; and WHEREAS, Mali provided sustained leadership in advancing the Town Center project through environmental review, land acquisition, planning, grant funding, developer selection, and negotiations toward realizing the community’s long-standing vision for a vibrant Town Center; and
WHEREAS, Mali LaGoe leaves a lasting legacy of a stronger, more resilient, and forwardlooking organization, and her service and contributions to the City of Scotts Valley and its community are recognized with gratitude and appreciation.

NOW, THEREFORE, BE IT PROCLAIMED, that the City Council of the City of Scotts Valley hereby recognizes and expresses its sincere appreciation to Mali LaGoe for her dedicated service, exceptional leadership, and significant contributions to the City of Scotts Valley and its community, and extends its best wishes to her in all future endeavors. _____________ _____________ _____________ _____________ _____________ Signed and sealed on this 16th day of September 2026, by Mayor Lind, Vice Mayor Clark, Councilmember Jett, Councilmember Timm, and Councilmember Wimp

PLEDGE OF ALLEGIANCE and MOMENT OF SILENCE

ROLL CALL
CITY STAFF MEMBERS PRESENT:

Mali LaGoe, City Manager
Kirsten Powell, City Attorney
Jayson Rutherford, Police Chief
Stephanie Hill, Administrative Services Director
(virtual attendance)
Cathie Simonovich, City Clerk

ELECTED OFFICIALS
PRESENT:

Donna Lind, Mayor
Steve Clark, Vice Mayor
Krista Jett, Council Member
Derek Timm, Council Member
Greg Wimp, Council Member

SPECIAL SET MATTER

MINUTES
Meeting of the
Scotts Valley City Council
Date: September 2, 2026
Time: 6:00 PM

CONTACT

INFORMATION

MEETING LOCATION POSTING
City of Scotts Valley City Council Chambers The agenda was posted 1 Civic Center Drive 1 Civic Center Drive on 8-27-2026 at City Scotts Valley, CA Scotts Valley, CA 95066 Hall, SV Senior Center, 95066 OR SV Public Works Building,
(831) 440-5600 Zoom Video Conference and on the Internet https://us02web.zoom.us/j/83295730901 at www.scottsvalley.gov.

CALL TO ORDER 6:00 PM
The City Council meeting was called to order at 6:00 PM.

1. Mayor's Proclamation recognizing September as Childhood Cancer Awareness Month in the City of Scotts Valley
Mayor Lind presented the proclamation recognizing September 2026 as Childhood Cancer Awareness Month and honoring Jacob's Heart Children’s Cancer Support Services for their outstanding support to our community. Argenis Ramirez, Family Center Coordinator from Jacob’s Heart, accepted the proclamation.

City Council Meeting Minutes
Date: September 2, 2026

COMMITTEE REPORTS

CITY MANAGER REPORT

2. Mayor's Proclamation honoring the Scotts Valley 12U Travel Softball Team Mayor Lind presented the proclamation to the Scotts Valley 12U Travel Softball Team honoring their outstanding achievement in qualifying for the California State Games in San Diego. Each team member and the three coaches received proclamations and five team members spoke about their softball travel experiences.

CM Wimp attended a Santa Cruz County Arts Council meeting and noted that the nonprofit support grant for the arts closes at the end of the month, and grant applications are also open for professional development grants. Open studios will be October 3–4 as the preview for South County, October 10–11 as the preview for North County, and October 17–18 for the full County.

CM Wimp attended a Local Area Formation Commission (LAFCO) meeting where they heard a report on the extraterritorial service agreements, and he noted that Scotts Valley has 14 of these agreements.

VM Clark will attend the Regional Transportation Commission (RTC) meeting tomorrow where they will provide their draft response to the Santa Cruz County Civil Grand Jury Report regarding the purchase of the Santa Cruz Branch Rail Line.

Mayor Lind, along with VM Clark, attended a Budget Subcommittee meeting and received an update on the budget and heard preliminary potential changes to the annual budget.

Mayor Lind attended a Santa Cruz County Metropolitan Transit District (METRO) meeting. METRO is supporting the Week Without Driving initiative, which will be October 1–8. METRO is also applying for a grant to replace several buses.

The Police Department will be conducting a DUI check point on Saturday night as part of the Office of Traffic Safety grant.

The Police Department will conduct their annual inspection next Wednesday, 9/9.

Police Officer Recruit Darden will graduate from the Police Academy this week.

For the Scotts Valley Drive and Mount Hermon Road improvement project, striping is complete. There are a few utilities that were missed, so the contractor plans to return on 9/12 to continue their contract for that work. Public Work has and will continue to review all completed work, and assemble a punch list in anticipation for completion in the next 2 to 3 weeks.

City Council Meeting Minutes
Date: September 2, 2026

Regarding the Granite Creek culvert replacement project, both headwalls have now been installed and roadway plates are anticipated to be removed on Friday and replaced with temporary surface material. Grading, asphalt restoration, and erosion control will follow in the coming weeks.

Roadway restoration efforts are still ongoing for the Bethany Water Main break Public Works Director Onchi is attending the American Public Works Association annual conference this week where he’s learning about the latest engineering standards, safety guidelines, and technology, including AI applications in public works.

Residents interested in the 125 Bethany affordable housing project are encouraged to check the city’s project webpage for the latest communication the City sent to the developer regarding their application completeness and eligibility.

Last week, staff met with Swenson to continue Town Center negotiations. The project is on track according to our planned schedule.

I attended an MBASIA Board meeting today where they appointed a new Treasurer/Secretary since I have served in that role for the last 3+ years for that board.

The next Senior Center Advisory Board meeting is next Tuesday at 1:00 PM where they will review the results of their recent senior interests survey and discuss how to engage more community members in Senior Center programming.

The Skypark Masterplan online survey is open until next Wednesday – so far we’ve received over 400 responses.

The Fall Rec activity guide is out – our annual Family Campout is September 12–13 and registration to participate closes soon. You can also sign up for our annual 5k run scheduled for 10/17.

Our Fiscal Year 26/27 Community Grant application period is open until September 18th for non-profits who would like to apply.

The 10th Annual State of the City address will be 9/24 at the Landing theater, next to the Library. Doors open at 5:00 PM and the program starts at 5:30 PM. This event will be livestreamed on the City’s YouTube channel.

City offices will be closed Monday, 9/7, in observance of the Labor Day holiday.

Please subscribe to the City's newsletter and follow the City on social media.

City Council Meeting Minutes
Date: September 2, 2026

ALTERATIONS TO CONSENT AGENDA

CONSENT AGENDA

ALTERATIONS TO REGULAR AGENDA

REGULAR AGENDA
Matthew Hakimi suggested that the City lock the tennis/pickleball courts to prohibit entry during off hours.

M/S: Clark/Wimp
To approve the Consent Agenda with no alterations.

Carried 5/0 (AYES: Lind, Clark, Jett, Timm, Wimp)

1. Approve City Council minutes of 08-19-2026

2. Approval of Agreement between the City of Scotts Valley and Stephanie Hill Appointing Stephanie Hill to Serve as the Interim City Manager of the City of Scotts Valley

3. Authorization to Over-Hire One Emergency Dispatch Clerk I/II Position M/S: Clark/Wimp
To approve the Regular Agenda with no alterations.

Carried 5/0 (AYES: Lind, Clark, Jett, Timm, Wimp)

1. Future Council Agenda Items
None.

The meeting adjourned at 7:38 PM.

Attest:

Cathie Simonovich, City Clerk
Approved:

Donna Lind, Mayor

PUBLIC COMMENT TIME

ADJOURNMENT

AGENDA ITEM 2.

DATE: 9/16/2026
City of Scotts Valley

CITY COUNCIL STAFF REPORT
DATE: 9/16/2026
TO: Honorable Mayor and City Council
FROM: Stephanie Hill, Administrative Services Director
APPROVED: Mali LaGoe, City Manager
SUBJECT: Monthly Treasurer's Report - June 2026

SUMMARY OF ISSUE
Summary and Statutory Requirement
California Government Code Section 41004 requires the City Treasurer to submit a written report and accounting of all receipts, disbursements, and fund balances to the City Clerk and the legislative body. The attached Treasurer’s Report is prepared to fulfill this statutory requirement.

The attachment provides a summary of the City’s cash-based investment activity and financial position for June. This report reflects only cash receipts, disbursements, and fund balances for the period presented. It does not include internal accounting entries, accrual adjustments, depreciation, interfund reclassifications, or other year-end transactions that occur as part of the annual audit and close process.

The FY 2025-26 Annual Comprehensive Financial Report (ACFR) is currently in process.

Accordingly, the beginning fund balances included in this report are unaudited and subject to change based on final year-end audit entries. Final audited fiscal year-end results will be formally reported in the ACFR upon completion of the audit.

Fourth Quarter Financial Interpretation, April Through June The information presented reflects financial activity through the fourth quarter and fiscal year end. This period captures the most complete view of the City’s annual cash-based financial activity.

The second major property tax distribution is typically received in April, completing the primary property tax revenue for the fiscal year. Final sales tax, transient occupancy tax, franchise fees, and grant-related revenues are also substantially realized during this period, however, these typically require significant year-end accrual entries in July as the actual payments do not come in during the same month.

Expenditure activity reflects:

• The full year of regular operations
• Completion of capital projects
• Contract closeouts
• Final staffing adjustments and payroll activity
Fourth-quarter results represent the City’s closest cash-based approximation of year-end performance, but remain subject to final accounting adjustments during the audit process.

How to Interpret the Treasurer’s Report
The Treasurer’s Report remains a cash-based and unaudited snapshot. It does not include final accrual entries, depreciation, or reclassifications that occur during the close and audit process. As a result, this report should be viewed as a preliminary year-end position.

Relationship to the Annual Audit and Financial Reporting Final official financial results for the fiscal year will be presented in the Annual Comprehensive Financial Report (ACFR) following completion of the independent external audit, typically in December. The audited ACFR serves as the City’s formal financial record for the fiscal year.

Transition to the New Fiscal Year
Fourth-quarter reporting also marks the transition into the new fiscal year. As year-end entries are finalized, beginning balances for the upcoming fiscal year may continue to change until the audit is complete.

FISCAL IMPACT
There is no fiscal impact in receiving and filing the report.

STAFF RECOMMENDATION
Review and accept the Treasurer’s Report for the month ended June 30, 2026.

TABLE OF CONTENTS

1. 2026.06_Monthly Treasurer's Report

Cash and Investments Balance by Fund
In accordance with California Government Code Section 53601, the City utilizes a pooled cash and investment approach. This means that all available cash from various City funds is consolidated into a single investment pool for the purpose of maximizing interest earnings and ensuring effective cash management.

The pooled funds are invested in compliance with the City's adopted Investment Policy, which is guided by the primary objectives of safety, liquidity, and yield. Investments are made only in instruments permitted under Government Code §53601, including but not limited to:
• U.S. Treasury and agency securities
• Bank certificates of deposit
• Bank demand deposits
• Local Agency Investment Fund (LAIF)
• California Asset Management Program (CAMP)
• Municipal bonds
• Money market accounts
Each fund participating in the pool retains its individual equity interest and receives its proportionate share of investment earnings based on its average cash balance.

This pooling strategy provides economies of scale, increases investment diversification, and ensures that public funds are managed responsibly in accordance with state law and best practices for public sector finance.

As of June 30, 2026, the City’s unaudited cash and investments totaled $28,646,574. • A negative fund balance may occur temporarily when expenditures are incurred before related revenues are received, or when internal transfers from other funds are pending.

These timing differences are expected to be resolved in future periods as revenues are collected or transfers are completed.

For Monthly Treasurer's Report
Fund Category Cash Summary
General Fund $ 5,563,196
General Capital Improvement Fund $ (1,921,894)
Special Revenue Fund - Development Impact Fees $ 5,258,023 Special Revenue Fund $ 14,990,534
Debt Service $ 769,878
Wastewater Enterprise Fund $ 3,986,838
$ 28,646,574
Investment Type Cash Summary
Bank of America $ 2,411,781
LAIF $ 22,947,694
CAMP $ 550,989
WCCB $ 255,173
SCHWAB $ 2,480,937
$ 28,646,574

City’s Current Financial Position
In accordance with California government code section 53646 (b) (3), the City is financially positioned and able to meet its estimated expenditure requirements for the next six months.

The following Fund Balance schedule represents actual funding available for all funds at the end of the monthly period. This amount differs from the above Cash Summary schedule as assets and liabilities are components of the fund balance. As illustrated in the summary below, Total Cash is adjusted by the addition of Total Assets less the amount of Total Liabilities to arrive at the Ending Fund Balance – which represents the actual amount of funds available.

Working capital represents the difference between the Wastewater Fund’s current assets (such as cash, investments, and receivables) and its current liabilities (such as accounts payable and accrued expenses). It is a measure of the Fund’s short-term financial health and its ability to meet operating obligations as they come due.

Total Cash $ 28,646,574
Plus: Assets $ 5,221,033
Less: Liabilities $ (3,581,041)
Ending Fund Balance $ 30,286,567
Adjusting Cash to Ending Fund Balance

City of Scotts Valley
Changes in Total Fund Balance
For the month ended June 30, 2026
Equity
Fund Description
Beginning Fund
Balance
07/01/2025
Increase /
(Decrease) JulyMay Current Period
Revenue
Current Period
Expenditure
Fund Balance as
of 06/30/2026
General Fund
1 General Fund 3,258,974 2,162,088 2,587,869 (1,612,448) 6,396,483 6 Equipment Replacement Reserve 960,604 25,552 11,193 - 997,349 Recreation Funds (4, 28, 123) (92,151) (397,891) 43,016 (90,214) (537,240) Subtotal General Funds 4,127,428 1,789,749 2,642,078 (1,702,662) 6,856,593 General Capital Improvement Fund
150 Major Capital Projects 841,873 (2,510,455) - (408,249) (2,076,831) 151 Capital Outlay Projects 6,589 (306,972) - (111,904) (412,287) Subtotal Capital Improvement Fund 848,462 (2,817,427) - (520,153) (2,489,118) Special Revenue Fund - Development Impact Fees
7 Drainage Construction Impact Fees 143,947 15,897 3,997 - 163,841 8 Traffic Impact Mitigation Fees 1,176,836 1,268,541 7,395 - 2,452,772 9 Park & Recreation Facilities Impact Fees 1,786,209 101,517 13,133 - 1,900,859 21 General Facility Impact Fees 6,202 5,727 561 - 12,490 27 Police Facility Building Impact Fees 410,308 90,514 1,298 - 502,120 86 Library Impact Fees 213,991 10,852 1,099 - 225,942
Subtotal Special Revenue Funds - Development Impact F 3,737,494 1,493,048 27,483 - 5,258,025 Special Revenue Fund
2 Recycling/Environment 198,335 149,982 - (42,047) 306,270 3 Gas Tax 1,173,854 313,467 59,781 - 1,547,102
5 SMIP Fees 5,722 6,187 (579) (4,979) 6,351
17 Home Grant Program 511,064 (121) 6,488 - 517,431
19 Affordable Housing 4,546,602 (500,002) 652,465 (890) 4,698,175 24 Lennar Funds 621,150 - - - 621,150
31 STP Exchange Projects - - - - -
33 Tree Replacement 55,416 2,120 240 - 57,776
35 Green Building Funding 624,993 52,369 (202) (928) 676,232 36 Disability Compliance 25,919 3,427 224 (22) 29,548
50 Pinewood Estates Maint. Dist. 222 (784) 2,257 (807) 888 51 Mt. Hermon Traffic Mitigation 162,706 4,951 - - 167,657 77 Skypark Landscape Maint. Dist. (3,988) (4,185) 18,056 (2,554) 7,329 78 Skypark Landscape Maint. Dist. Insurance 562,869 17,127 - - 579,996 88 Library Improvements (Measure S) 140 22,423 - - 22,563 89 Library - Cty MOE Excess Distribution 647,062 17,684 - - 664,746 115 Section 115 Set Aside - Pension 2,270,164 203,709 7,476 (412) 2,480,937 155 Measure D Sales Tax for Transportation 1,032,320 278,044 64,011 - 1,374,375 156 SB-1 (RMRA) 1,149,812 317,255 55,979 - 1,523,046
200 Quimby Act 204,508 6,223 - - 210,731
201 Measure Q - 191,369 10,124 - 201,493
306 Supplemental Law Enforcement Services 156,585 102,913 (19,615) - 239,883 313 Youth Focused Programs 51,173 (387) 2,200 (3,125) 49,861 317 Community And Economic Grants 472,689 14,383 - - 487,072 Subtotal Special Revenue Funds - Other 14,469,318 1,198,154 858,905 (55,764) 16,470,613 Debt Service
66 Debt Service 1,069,878 (300,000) - - 769,878
Subtotal Debt Service Funds 1,069,878 (300,000) - - 769,878 Wastewater Enterprise Fund
10 Wastewater Operations 2,324,179 2,265,874 1,431,807 (305,184) 5,716,676 11 Tertiary Operating (262,632) (225,085) 58,032 (77,553) (507,238) 12 Waterwater Treatment Facility Fee (DIF) 436,775 59,526 7,845 - 504,146 14 Wastewater Capital Replacement Fund 237,817 (2,335,396) - (195,429) (2,293,008) Subtotal Wastewater Enterprise Funds 2,736,139 (235,081) 1,497,684 (578,166) 3,420,576 Total All Funds 26,988,718 1,128,443 5,026,150 (2,856,745) 30,286,566

City of Scotts Valley
Monthly Wire Payments
JUNE 2026
Date Vendor Description Amount
6/1/2026 Retirees Retiree Medical June $ 45,659.96
6/1/2026 CalPERS CalPERS Pension 05/15 PR $ 64,828.67
6/5/2026 CalPERS CalPERS Health $ 159,082.35
6/10/2026 Payroll Payroll 6/12/26 $ 314,259.80
6/12/2026 PARS Payroll Deductions $ 191.06
6/12/2026 SVPOA Payroll Deductions $ 228.00
6/12/2026 PORAC Payroll Deductions $ 607.50
6/12/2026 SEIU Payroll Deductions $ 625.75
6/12/2026 COPE Payroll Deductions $ 10.00
6/12/2026 ICMA Payroll Deductions $ 13,262.41
6/12/2026 Health Equity (FSA) Payroll Deductions $ 1,272.51 6/12/2026 Fallen Officer Payroll Deductions $ 5.00
6/12/2026 CalPERS CalPERS Pension 05/29 PR $ 63,510.17
6/15/2026 Bank of America Bank Fees $ 984.18
6/26/2026 CalPERS CalPERS Pension 06/12 PR $ 64,156.25
6/26/2026 CalPERS CalPERS UAL $ 188,768.92
6/24/2026 Payroll Payroll 06/26/26 $ 308,362.88
6/26/2026 PARS Payroll Deductions $ 393.65
6/26/2026 SVPOA Payroll Deductions $ 237.50
6/26/2026 LEGAL Payroll Deductions $ 1,150.00
6/26/2026 COPE Payroll Deductions $ 10.00
6/26/2026 ICMA Payroll Deductions $ 13,452.89
6/26/2026 Health Equity (FSA) Payroll Deductions $ 1,272.51 6/26/2026 Fallen Officer Payroll Deductions $ 5.00
$ 1,242,336.96

Check Number Check Date Vendor Name Check Amount
136196 06/05/2026 831 TACOS $ 510.00
136197 06/05/2026 AFLAC-FLEX ONE $ 975.40
136198 06/05/2026 BATTERIES + BULBS #314 $ 13.11
136199 06/05/2026 BEAR SAVER $ 22,525.35
136200 06/05/2026 BRINK'S AWARDS & SIGNS $ 41.16
136201 06/05/2026 CAL-WEST LIGHTING & SIGNAL INC $ 2,915.78 136202 06/05/2026 CALED $ 120.00
136203 06/05/2026 CENTRAL HOME SUPPLY $ 633.81
136204 06/05/2026 COMCAST $ 390.16
136205 06/05/2026 CRYSTAL SPRINGS WATER CO $ 357.55
136206 06/05/2026 CSG CONSULTANTS, INC $ 18,469.50
136207 06/05/2026 DUNCAN AUTO TECH $ 989.67
136208 06/05/2026 ERNIE'S AUTO CENTER $ 16.41
136209 06/05/2026 FOREVER FIREWOOD, INC. $ 7,850.00
136210 06/05/2026 GRAINGER $ 1,789.94
136211 06/05/2026 HACH COMPANY $ 8,226.70
136212 06/05/2026 HERC RENTALS $ 2,626.11
136213 06/05/2026 INTERWEST CONSULTING GROUP $ 664.13
136214 06/05/2026 JESSICA DESHAYES $ 336.00
136215 06/05/2026 KENNEDY-JENKS CONSULTANTS $ 35,782.50 136216 06/05/2026 LEO'S U-SAVE LIQUORS $ 57.55
136217 06/05/2026 LLOYD'S TIRE SERVICE INC. $ 1,245.78
136218 06/05/2026 M-GROUP $ 10,820.25
136219 06/05/2026 MISSION UNIFORM SERVICE $ 946.62
136220 06/05/2026 MONTEREY BAY ANALYTICAL SVCS $ 4,855.00 136221 06/05/2026 MUTUAL OF OMAHA $ 1,358.25
136222 06/05/2026 O'REILLY AUTOMOTIVE,INC $ 71.33
136223 06/05/2026 OLIN CORPORATION AS SOLE $ 5,937.10
136224 06/05/2026 PHILLIP D NEUMAN $ 32,082.03
136225 06/05/2026 PRESS BANNER $ 476.10
136226 06/05/2026 PRINICPAL LIFE INSURANCE CO $ 8,095.39 136227 06/05/2026 PURETEC INDUSTRIAL WATER $ 610.98
136228 06/05/2026 SCARBOROUGH LUMBER $ 1,079.91
136229 06/05/2026 SHAPE INC. $ 49,860.31
136230 06/05/2026 SUMMIT UNIFORMS $ 651.20
136231 06/05/2026 SYCAL ENGINEERING INC $ 3,030.14
136232 06/05/2026 WAGE WORKS $ 125.00
136233 06/05/2026 WIZIX TECHNOLOGY GROUP, INC $ 591.16
136234 06/12/2026 ACCENT CLEAN & SWEEP INC $ 2,739.00
136235 06/12/2026 ACE PORTABLE SERVICES $ 1,938.64
136236 06/12/2026 AFLAC-FLEX ONE $ 883.70
136237 06/12/2026 AMAZON CAPITAL SERVICES $ 1,384.20
136238 06/12/2026 AT&T $ 8.91

136239 06/12/2026 BRASS KEY LOCKSMITH $ 274.86
136240 06/12/2026 COASTAL EVERGREEN CORP $ 500.00
136241 06/12/2026 COMCAST $ 1,050.55
136242 06/12/2026 COUNTY OF SANTA CRUZ $ 44.00
136243 06/12/2026 DAWN BANKS $ 215.40
136244 06/12/2026 DEPT OF JUSTICE $ 32.00
136245 06/12/2026 ENTERPRISE FM TRUST $ 13,147.02
136246 06/12/2026 ENVIRONMENTAL INNOVATIONS $ 12,554.97 136247 06/12/2026 EWING IRRIGATION PRODUCTS $ 836.09
136248 06/12/2026 GOVERNMENTJOBS.COM, INC. $ 6,326.92
136249 06/12/2026 HERC RENTALS $ 3,585.63
136250 06/12/2026 ISAIAH PEKARY $ 1,293.74
136251 06/12/2026 JESSICA DESHAYES $ 315.70
136252 06/12/2026 K & D LANDSCAPING, INC. $ 3,711.00
136253 06/12/2026 MARY LOUISE DEFALCO $ 78.00
136254 06/12/2026 MID VALLEY SUPPLY $ 1,541.37
136255 06/12/2026 MONTEREY REGIONAL $ 7,023.00
136256 06/12/2026 MP EXPRESS, INC. $ 580.59
136257 06/12/2026 NATIONAL COMTEL NETWORK INC. $ 17.51
136258 06/12/2026 O'REILLY AUTOMOTIVE,INC $ 21.37
136259 06/12/2026 PACIFIC GAS & ELECTRIC CO $ 55,813.63 136260 06/12/2026 PHILLIP D NEUMAN $ 6,485.91
136261 06/12/2026 PITNEY BOWES INC $ 176.71
136262 06/12/2026 PRESS BANNER $ 183.06
136263 06/12/2026 SCARBOROUGH LUMBER $ 268.92
136264 06/12/2026 SCOTTS VALLEY FIRE DISTRICT $ 507.58
136265 06/12/2026 SCOTTS VALLEY SPRINKLER $ 779.79
136266 06/12/2026 SHARRON BARTH $ 72.00
136267 06/12/2026 STANDARD INSURANCE COMPANY $ 1,007.36 136268 06/12/2026 THE PIED PIPER INC. $ 155.50
136269 06/12/2026 THOMSON REUTERS-WEST $ 416.30
136270 06/12/2026 TRIAD COMMUNITY SERVICES $ 2,000.00
136271 06/12/2026 TYLER HEBARD $ 383.20
136272 06/12/2026 WAGE WORKS $ 125.00
136273 06/12/2026 YOGA FOR ALL MOVEMENT $ 80.40
136274 06/24/2026 A SIGN ASAP $ 49.39
136275 06/24/2026 ALVAREZ IND INC CLEAN BLDG $ 451.00
136276 06/24/2026 AMAZON CAPITAL SERVICES $ 220.55
136277 06/24/2026 AT&T $ 663.86
136278 06/24/2026 BKF ENGINEERS $ 3,825.00
136279 06/24/2026 BLUETRITON BRANDS INC $ 69.54
136280 06/24/2026 BPS TACTICAL, INC. $ 837.15
136281 06/24/2026 CHRIS GALLI $ 32.20
136282 06/24/2026 CHRISTOPHER DUMONCEAUX $ 214.00

136283 06/24/2026 COMCAST $ 323.29
136284 06/24/2026 COMPLETE MAILING SERVICE $ 888.83
136285 06/24/2026 COUNTY OF SANTA CRUZ $ 713.70
136286 06/24/2026 DANIEL GONZALEZ-GARCIA $ 456.50
136287 06/24/2026 DEPT OF JUSTICE $ 32.00
136288 06/24/2026 ENTENMANN-ROVIN CO $ 296.23
136289 06/24/2026 GRAINGER $ 6,726.38
136290 06/24/2026 HINDERLITER, DE LLAMAS & ASSOC $ 2,359.62 136291 06/24/2026 JARRET DARDEN $ 834.96
136292 06/24/2026 JUSTIN TAYLOR $ 6,987.50
136293 06/24/2026 LOGAN & POWELL, LLP $ 22,828.24
136294 06/24/2026 LT MUNICIPAL CONSULTANTS $ 2,120.00
136295 06/24/2026 MATTHEW SPENCER-COOKE $ 249.62
136296 06/24/2026 MONTEREY BAY AIR $ 784.00
136297 06/24/2026 MONTEREY BAY ANALYTICAL SVCS $ 2,636.00 136298 06/24/2026 O'NEILL SEA ODYSSEY $ 20,000.00
136299 06/24/2026 O'REILLY AUTOMOTIVE,INC $ 42.77
136300 06/24/2026 PERFECTMIND INC $ 14,000.00
136301 06/24/2026 PHILLIP D NEUMAN $ 2,309.78
136302 06/24/2026 PHOENIX GROUP $ 66.10
136303 06/24/2026 PITNEY BOWES GLOBAL $ 527.84
136304 06/24/2026 RANDALL KRUSEE $ 500.00
136305 06/24/2026 RILEY PETERSON $ 285.95
136306 06/24/2026 ROBERT ORMONDE $ 214.66
136307 06/24/2026 SANTA CRUZ COUNTY INFORMATION $ 4,897.50 136308 06/24/2026 SANTA CRUZ LIVE SCAN, INC. $ 30.00
136309 06/24/2026 SCARBOROUGH LUMBER $ 232.70
136310 06/24/2026 SCOTTS VALLEY CAR WASH $ 182.89
136311 06/24/2026 SCOTTS VALLEY SPRINKLER $ 262.16
136312 06/24/2026 SKIP'S TIRE & AUTO CENTER $ 1,884.57
136313 06/24/2026 STERICYCLE INC $ 613.44
136314 06/24/2026 STERLING WATER TECHNOLOGIES $ 2,880.00 136315 06/24/2026 SUMMIT UNIFORMS $ 477.40
136316 06/24/2026 SWEDBERG ELECTRIC INC. $ 11,431.91
136317 06/24/2026 SYCAL ENGINEERING INC $ 4,084.12
136318 06/24/2026 TALLEN CALIFORNIA, LLC $ 12,306.00
136319 06/24/2026 U.S. BANK CORPORATE $ 11,379.33
136320 06/24/2026 USA BLUE BOOK $ 879.48
136321 06/24/2026 VISIT SANTA CRUZ COUNTY $ 29,835.98
136322 06/24/2026 BAY TREE, LLC $ 4,604.58
136323 06/24/2026 PRODESSE PROPERTY GROUP $ 5,378.40
136324 06/24/2026 ROD MARKELL $ 1,974.00
$ 541,568.03

AGENDA ITEM 3.

DATE: 9/16/2026
City of Scotts Valley

CITY COUNCIL STAFF REPORT
DATE: 9/16/2026
TO: Honorable Mayor and City Council
FROM: Cathie Simonovich, City Clerk
APPROVED: Mali LaGoe, City Manager
SUBJECT: Approve Designation of Voting Delegate for 2026 League of California Cities Annual Conference

SUMMARY OF ISSUE
The League's 2026 Annual Conference is scheduled for September 23–25 and will be held at the Anaheim Convention Center. The annual General Assembly meeting, where membership takes action on conference resolutions, will be held on September 25. Each city is requested by the League to designate a voting representative who will be present at the General Assembly meeting.

Following Council action, the City Clerk will submit the City's delegate through the online submission portal.

FISCAL IMPACT
Applicable registration costs for the League of California Cities Annual Conference have been included in the FY 2026-2027 budget.

STAFF RECOMMENDATION
By approval on the consent agenda, the City Council will appoint Vice Mayor Steve Clark as the Voting Delegate to represent the City of Scotts Valley at the League of California Cities General Assembly Meeting on September 25 at the Anaheim Convention Center.

TABLE OF CONTENTS
None

AGENDA ITEM 1.

DATE: 9/16/2026
City of Scotts Valley

CITY COUNCIL STAFF REPORT
DATE: 9/16/2026
TO: Honorable Mayor and City Council
FROM: Mali LaGoe, City Manager
APPROVED: Mali LaGoe, City Manager
SUBJECT: Consideration of Resolution No. 2080.1, approving the Infrastructure Financing Plan for the Scotts Valley Enhanced Infrastructure Financing District and the allocation of the City's incremental property tax revenue within the Scotts Valley Enhanced
Infrastructure Financing District pursuant to Government Code Sections 53398.68 and 53398.75

SUMMARY OF ISSUE
The California Legislature enacted California Government Code sections 53398.50 through 53398.88 (“EIFD Law”) authorizing cities and counties to form enhanced infrastructure financing districts within defined areas and use incremental property tax revenue generated from the growth in property taxes collected from within such districts to finance certain infrastructure and community benefit projects. In enacting the EIFD Law, the California Legislature found and determined that with the dissolution of redevelopment agencies, public benefits will accrue if local agencies are provided a means to finance certain public infrastructure and community benefit projects authorized under the EIFD Law.

On December 3, 2025, the City Council of the City of Scotts Valley (“City Council”) adopted Resolution No. 2080 (“Resolution of Intention”), which initiated the process to establish the Scotts Valley Enhanced Infrastructure Financing District (“Scotts Valley EIFD”) pursuant to EIFD Law. Pursuant to the Resolution of Intention, the City Council found that the Scotts Valley EIFD is necessary for the area within the boundaries of the Scotts Valley EIFD and the City of Scotts Valley and declared that, pursuant to the EIFD Law, if approved by resolution pursuant to Government Code Section 53398.68, incremental property tax revenue from the City within the Scotts Valley EIFD may be used to finance the activities described in the Resolution of Intention. The Resolution of Intention also established the Scotts Valley EIFD Public Financing Authority (“PFA”) to serve as the governing board of the Scotts Valley EIFD. Joining the City in the formation of the EIFD are the Scotts Valley Fire District and County of Santa Cruz. Both partner agencies adopted Resolutions of Intention earlier in 2026 and assigned representatives to serve on the PFA board, along with the City Council member representative and two members of the public.

On May 5, 2026, pursuant to Government Code Section 53398.63, the PFA directed staff to prepare a draft Infrastructure Financing Plan (“IFP”) for the Scotts Valley EIFD, which IFP is

attached hereto as “Exhibit A” and is available for inspection at on the City's website. The IFP includes a description of the public facilities to be financed by the Scotts Valley EIFD including two tiers based on readiness and priority. Tier 1 projects include Town Center infrastructure and Fire District facilities as both of these projects are closest to construction. Tier 2 projects are broader and cover a variety of potential projects that would benefit the district and broader community. The EIFD also includes a financing section that specifies the maximum portion of the incremental tax revenue of the City proposed to be committed to the Scotts Valley EIFD for each year during which the Scotts Valley EIFD will receive incremental tax revenue, and a projection of the amount of tax revenues expected to be received by the Scotts Valley EIFD in each year during which the Scotts Valley EIFD will receive tax revenues, including an estimate of the amount of tax revenues attributable to the City for each year. The PFA held a public meeting to present the IFP on August 10th and a Public Hearing to gain further input will be held on September 14th.

The IFP must be approved by all three partner agencies and then the PFA before the EIFD is officially formed. The Scotts Valley Fire District approved their resolution to form the EIFD on September 9th and the Santa Cruz County Board of Supervisors will consider adoption later in September. The PFA is scheduled to consider final adoption on October 19th.

FISCAL IMPACT
The financial analysis includes the City of Scotts Valley contributing 50% of the incremental property tax growth within the boundaries of the EIFD. The EIFD boundaries includes approximately 8% of the City's land area, and currently generates only 4% of the City's property tax revenue. The City's general fund is projected to benefit from the increased property value resulting from the development of infrastructure to be funded by the EIFD. The Fiscal Impact Analysis can be found in the IFP on page 17.

STAFF RECOMMENDATION
Adopt Resolution No. 2080.1, approving the Infrastructure Financing Plan for the Scotts Valley Enhanced Infrastructure Financing District and the allocation of the City's incremental property tax revenue within the Scotts Valley Enhanced Infrastructure Financing District pursuant to Government Code Sections 53398.68 and 53398.75.

TABLE OF CONTENTS

1. Resolution No. 2080.1 EIFD approval 9-16-2026

2. Exhibit A: Infrastructure Financing Plan w Appendices - Scotts Valley EIFD

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RESOLUTION NO. 2080.1

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SCOTTS VALLEY,

CALIFORNIA, APPROVING THE INFRASTRUCTURE FINANCING PLAN FOR

THE SCOTTS VALLEY ENHANCED INFRASTRUCTURE FINANCING
DISTRICT AND THE ALLOCATION OF THE CITY’S INCREMENTAL

PROPERTY TAX REVENUE WITHIN THE SCOTTS VALLEY ENHANCED

INFRASTRUCTURE FINANCING DISTRICT PURSUANT TO GOVERNMENT CODE SECTIONS 53398.68 AND 53398.75
WHEREAS, the California Legislature enacted California Government Code sections 53398.50 through 53398.88 (“EIFD Law”) authorizing cities and counties to form enhanced infrastructure financing districts within defined areas and use incremental property tax revenue generated from the growth in property taxes collected from within such districts to finance certain infrastructure and community benefit projects; and
WHEREAS, in enacting the EIFD Law, the California Legislature found and determined that with the dissolution of redevelopment agencies, public benefits will accrue if local agencies are provided a means to finance certain public infrastructure and community benefit projects authorized under the EIFD Law; and
WHEREAS, on December 3, 2025, the City Council of the City of Scotts Valley (“City Council”) adopted Resolution No. 2080 (“Resolution of Intention”), which initiated the process to establish the Scotts Valley Enhanced Infrastructure Financing District (“Scotts Valley EIFD”) pursuant to EIFD Law; and
WHEREAS, pursuant to the Resolution of Intention, the City Council found that the Scotts Valley EIFD is necessary for the area within the boundaries of the Scotts Valley EIFD and the City of Scotts Valley (“City”) and declared that, pursuant to the EIFD Law, if approved by resolution pursuant to Government Code Section 53398.68, incremental property tax revenue from the City within the Scotts Valley EIFD may be used to finance the activities described in the Resolution of Intention; and
WHEREAS, pursuant to the Resolution of Intention, the City Council established the Scotts Valley EIFD Public Financing Authority (“PFA”) to serve as the governing board of the Scotts Valley EIFD; and
WHEREAS, on May 5, 2026, pursuant to Government Code Section 53398.63, the PFA directed staff to prepare a draft Infrastructure Financing Plan (“IFP”) for the Scotts Valley EIFD, which IFP is attached hereto as “Exhibit A” and is available for inspection at Scotts Valley City Hall, 1 Civic Center Drive, Scotts Valley, CA 95066; and
WHEREAS, the IFP, among other things, includes a description of the public facilities to be financed by the Scotts Valley EIFD and a financing section that includes, among other things, a specification of the maximum portion of the incremental tax revenue of the City proposed to be

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committed to the Scotts Valley EIFD for each year during which the Scotts Valley EIFD will receive incremental tax revenue, and a projection of the amount of tax revenues expected to be received by the Scotts Valley EIFD in each year during which the Scotts Valley EIFD will receive tax revenues, including an estimate of the amount of tax revenues attributable to the City for each year; and
WHEREAS, on August 10, 2026, the PFA held a public meeting to present the IFP; and WHEREAS, the City Council now desires to adopt this Resolution pursuant to Government Code Section 53398.68 to approve the IFP, substantially in the form prepared by the PFA, including the allocation of incremental tax revenue of the City in accordance with Government Code Section 53398.75 as set forth in the IFP.

NOW, THEREFORE, the City Council of the City of Scotts Valley does hereby find, determine, conclude and resolve as follows:

Section 1. The facts set forth in the Recitals of this Resolution are true and correct.

Section 2. The City Council hereby approves the IFP for the Scotts Valley EIFD substantially in the form presented to the City Council and attached hereto as “Exhibit A”, including, but not limited to, the specification of the maximum portion of the incremental tax revenue of the City to be committed to the Scotts Valley EIFD for each year during which the Scotts Valley EIFD will receive incremental tax revenue.

Section 3. The City Manager, or designee, are hereby authorized and directed to take all actions necessary or advisable to give effect to the transactions contemplated by this Resolution.

Section 4. This Resolution shall take effect upon the PFA’s adoption of the IFP in accordance with Government Code Section 53398.66 and shall have no force or effect unless and until such adoption occurs. The City Clerk shall cause a copy thereof to be forwarded to the PFA.

Section 5. The City Clerk of the City of Scotts Valley shall certify to the adoption of this Resolution.

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PASSED, APPROVED AND ADOPTED this 16th day of September 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

Approved:_________________________
Donna Lind, Mayor
I, Cathie Simonovich, City Clerk of the City of Scotts Valley, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Scotts Valley, at a Regular Meeting of said Council held on the 16th day of September 2026.

Attest:___________________________
Cathie Simonovich, City Clerk

SCOTTS VALLEY

ENHANCED INFRASTRUCTURE FINANCING DISTRICT

INFRASTRUCTURE FINANCING PLAN
AUGUST 2026
Prepared by:

Kosmont Companies
Prepared For:

City of Scotts Valley
County of Santa Cruz
Scotts Valley Fire Protection District

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

Table of Contents
Section Page

1.0 Introduction ..........................................................................................................................3

2.0 Description of the Proposed District.....................................................................................7

3.0 Description of Proposed Facilities and Development...........................................................8

4.0 Finding of Communitywide Significance ............................................................................13

5.0 Financing Section...............................................................................................................14

6.0 Removal of Dwelling Units and Replacement Housing Plan..............................................19

7.0 Goals of the District............................................................................................................20

8.0 Appendices ........................................................................................................................21 Index of Appendices
Appendix A: Map of Boundaries of the Scotts Valley EIFD Appendix B: Legal Description of the Scotts Valley EIFD Appendix C: Projected Tax Increment Revenue Analysis
Appendix D: Fiscal Impact Analysis

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

1.0 Introduction

1.1 Background & Purpose
The proposed Scotts Valley Enhanced Infrastructure Financing District (“Scotts Valley EIFD” or “District”) will serve as a catalyst for private development and critical regional infrastructure with transformative potential for the City of Scotts Valley (“City”) and larger County of Santa Cruz (“County”) region. The Scotts Valley EIFD encompasses approximately 236 acres of land, representing approximately 8% of the total land area within the City and approximately 4% of the total current taxable assessed property value within the City. The Scotts Valley EIFD includes the Town Center property and other specific Housing Element opportunity sites and other economic development opportunity sites within the City that stand to benefit from catalytic infrastructure improvements with communitywide and regional benefit.

The District represents a partnership between the City, the Scotts Valley Fire Protection District (“Fire District”), and the County, and as such, will be funded by property tax increment from all three taxing entities.

1.2 Contents and Overview of this Infrastructure Financing Plan (“IFP”) Pursuant to Government Code Sections 53398.59 through 53398.74, this IFP comprises the following information:
a) A map and legal description of the District, included herein as Appendix A and Appendix B, respectively.
b) A description of the public facilities and other forms of development or financial assistance that is proposed in the area of the district, including those to be provided by the private sector, those to be provided by governmental entities without assistance under this chapter, those public improvements and facilities to be financed with assistance from the proposed district, and those to be provided jointly. The description shall include the proposed location, timing, and costs of the development and financial assistance. This information is included in Section 3 of this IFP.
c) If funding from affected taxing entities is incorporated into the financing plan, a finding that the development and financial assistance are of communitywide significance and provide significant benefits to an area larger than the area of the district. This information is included in Section 4 of this IFP.
d) A financing section (included in Section 5 of this IFP), which shall contain all of the following information:

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

a. A specification of the maximum portion of the incremental tax revenue of the city or county and of each affected taxing entity proposed to be committed to the district for each year during which the district will receive incremental tax revenue.

The portion need not be the same for all affected taxing entities. The portion may change over time. The maximum portion of the City’s property tax increment to be committed to the District will be 50% throughout the duration of the District lifetime.

Beyond the City’s standard “AB8” property tax, this includes the City’s allocation of incremental property tax in lieu of motor vehicle license fees (“MVLF”) and incremental successor agency Redevelopment Property Tax Trust Fund (“RPTTF”) residual revenues. The maximum portion of the Fire District’s property tax increment to be committed to the District will be 30% throughout the duration of the District lifetime. This includes the Fire District’s standard AB8 property tax and incremental RPTTF residual revenues (Fire District does not receive property tax in lieu of MVLF). The maximum portion of the County’s property tax increment to be committed to the District will be 25% for the first 30 years of the District lifetime and 0% thereafter. This includes the County’s incremental standard AB8 property tax (general fund apportionment) and incremental RPTTF residual revenues, but not the County’s incremental property tax in lieu of MVLF. b. A projection of the amount of tax revenues expected to be received by the district in each year during which the district will receive tax revenues, including an estimate of the amount of tax revenues attributable to each affected taxing entity for each year. Section 5.3 of this IFP includes a projection of tax revenues to be received by the District from each participating taxing entity by year over the course of the projected District lifetime. These projections are based on research and analysis of available data at the time of IFP preparation for purposes of illustration. Actual results may differ from those expressed in this document.

Appendix C provides additional detail for the projected revenue analysis. c. A plan for financing the public facilities to be assisted by the district, including a detailed description of any intention to incur debt. Section 5.4 of this IFP includes a plan for financing the public facilities to be assisted by the District. The Public Financing Authority (“PFA”) governing the District intends to incur debt only when it is financially prudent to do so. It is estimated at this time that the Scotts Valley EIFD will contribute approximately $40 million in present-value dollars to public improvements and affordable housing projects from a combination of bond or loan proceeds (multiple issuances may be necessary) and pay-as-you-go funding over the District lifetime. This is equivalent to approximately $91 million in nominal dollars (i.e., not adjusting for inflation).
d. A limit on the total number of dollars of taxes that may be allocated to the district pursuant to the plan. The total number of dollars or taxes that may be allocated to

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

the District shall not exceed $250,000,000 (nominal dollars) over the District lifetime. This represents a maximum allocation of $100,000,000 from the City, a maximum allocation of $100,000,000 from the Fire District, and a maximum allocation of $50,000,000 from the County over the District lifetime (nominal dollars). This cap is intended to provide capacity for future financings in a scenario where actual revenues exceed projections.
e. A date on which the district will cease to exist, by which time all tax allocation to the district will end. The date shall not be more than 45 years from the date on which the issuance of bonds is approved pursuant to subdivision (a) of Section 53398.81, or the issuance of a loan is approved by the governing board of a local agency pursuant to Section 53398.87. The District will cease to exist the earlier of: (i) forty five (45) years from the date on which the first issuance of bonds or acquisition of a loan is approved by the PFA, or (ii) June 30, 2090. This IFP assumes that the base year for the District will be Fiscal Year 2026-2027 and that the District will begin receiving tax revenues in Fiscal Year 2027-2028. f. An analysis of the costs to the city or county of providing facilities and services to the area of the district while the area is being developed and after the area is developed. The plan shall also include an analysis of the tax, fee, charge, and other revenues expected to be received by the city or county as a result of expected development in the area of the district. Appendix D to this IFP includes, as part of the Fiscal Impact Analysis, an analysis of the costs to the City, Fire District, and County for providing facilities and services to the area of the District, as well as revenues. It is estimated that, at Year 20 of the District lifetime (assumed stabilized buildout of District area), annual costs to the City will be approximately $4.5 million, and annual revenues the City will be approximately $5.5 million. It is estimated that annual costs to the Fire District will be approximately $680,000, and annual revenues to the Fire District will be approximately $1.1 million. It is estimated that annual costs to the County will be approximately $1.3 million, and annual revenues to the County will be approximately $1.9 million.
g. An analysis of the projected fiscal impact of the district and the associated development upon each affected taxing entity. Appendix D to this IFP includes an analysis of the projected fiscal impact of the District and the associated development upon the City, Fire District, and the County, as the affected taxing entities that are allocating tax increment revenues to the District. It is estimated that, at Year 20 of the District lifetime, the District area will generate an annual net fiscal surplus of approximately $1.0 million to the City, an annual net fiscal surplus of approximately $367,000 to the Fire District, and an annual net fiscal surplus of approximately $608,000 to the County.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

h. A plan for financing any potential costs that may be incurred by reimbursing a developer of a project that is both located entirely within the boundaries of that district and qualifies for the Transit Priority Project Program, pursuant to Section 65470, including any permit and affordable housing expenses related to the project. At this time, the City does not contain a transit station that qualifies for the Transit Priority Project Program, and therefore, the PFA does not intend to finance any potential costs that may be incurred by reimbursing a developer of a project that is both located entirely within the boundaries of the District and qualifies for the Transit Priority Project Program, pursuant to Section 65470. e) If any dwelling units within the territory of the district are proposed to be removed or destroyed in the course of public works construction within the area of the district or private development within the area of the district that is subject to a written agreement with the district or that is financed in whole or in part by the district, a plan providing for replacement of those units and relocation of those persons or families consistent with the requirements of Section 53398.56. The PFA does not anticipate that any housing units will be removed as a result of any project identified in this IFP. However, if any relocation of dwelling units is deemed to be required in the future for a project financed by the District, the PFA will comply with the requirements of Government Code Section 53398.56.
f) The goals the district proposes to achieve for each project financed pursuant to Section 53398.52. Section 7 of this IFP summarizes the goals of each project to be financed by the District.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

2.0 Description of the Proposed District
The Scotts Valley EIFD encompasses approximately 236 acres of land, representing approximately 8% of the total land area within the City and approximately 4% of the total current taxable assessed property value within the City. The Scotts Valley EIFD includes the Town Center property and other specific Housing Element opportunity sites and other economic development opportunity sites within the City that stand to benefit from catalytic infrastructure improvements with communitywide and regional benefit. Appendix A includes a map of the proposed District, and Appendix B is a legal description of the District.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

3.0 Description of Proposed Facilities
and Development

3.1 Anticipated Future Private Development
Anticipated future private development within the EIFD boundary is summarized in Table 1 below.

Buildout and absorption of these land uses are forecasted in the first 20 years of the District lifetime.

Table 1: Anticipated Future Development
Development Type SF / Units AV Per SF / Unit Estimated AV at Buildout (2025$)
Residential – Market Rate For-Sale 431 units $950,000 per unit $409 million Residential – Market Rate Rental 850 units $450,000 per unit $383 million Residential – Affordable 318 units Property tax exempt $0 Hotel 300 rooms $400,000 per room $120 million
Commercial 70,000 SF $350 per SF $25 million
Industrial / Flex 87,592 SF $200 per SF $18 million
Estimated Total $954 million

3.2 Public Facilities to be Financed with Assistance from the Scotts Valley EIFD The PFA intends to utilize the District to contribute approximately $40 million (in present value dollars) of funding to infrastructure and affordable housing projects of communitywide and regional significance over the District lifetime. This is equivalent to approximately $91 million in nominal dollars (i.e., not accounting for inflation). Table 2 outlines an estimate of anticipated EIFD budget allocation over the District’s lifetime.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

Table 2: Estimated EIFD Funding Allocation
#

PROJECT
(within City of Scotts Valley with tangible benefit to
properties within EIFD)

ESTIMATED

ALLOCATION
(present-value)

ESTIMATED
TIMING
1 Tier One / Near-Term
• Town Center blended-use supportive
infrastructure (e.g., new traffic signals)
• Fire facilities
Tier Two / Mid-to-Longer Term
• Mount Hermon and Granite Creek roadway
improvements (e.g., interchanges)
• Water and sewer improvements (e.g., sewer
line along Mount Hermon Road)
• Wildfire risk reduction efforts (e.g., shaded
fuel breaks, prescribed burning, structure
hardening, vegetation control)
• Affordable housing gap financing
• Community facilities (e.g., senior center /
community center / emergency shelter)
• Stormwater management (e.g., culverts)
$40,000,000
Ongoing, over
District lifetime
2027-2090
Estimated Total EIFD Budget Allocation $40,000,000 (present value dollars)
Funds allocated under category #1 above may be allocated to any eligible projects under the IFP and EIFD law based on future infrastructure needs. It is anticipated that Tier One improvements will be more near-term in nature, based on planning work that has already been conducted for these projects to date. Specific project funding will be subject to approval by the PFA.

Additional expenditures by the EIFD not reflected in Table 2 above, including any use of potential future EIFD bond proceeds, will be subject to approval by the PFA. Targeted improvements would conform to established guidelines in existing, adopted planning documentation, such as the City General Plan. Eligible expenditures in accordance with Government code sections 53398.52 and 53398.56 include the purchase, construction, expansion, improvement, seismic retrofit, or rehabilitation of any real or other tangible property with an estimated useful life of 15 years or and are projects of communitywide significance that provide significant benefits to the district or the surrounding community.

The Scotts Valley EIFD may also finance the ongoing or capitalized costs to maintain public capital facilities financed in whole or in part by the Scotts Valley EIFD. Facilities funded may be located outside the boundaries of the Scotts Valley EIFD, as long as they have a tangible connection to the work of the Scotts Valley EIFD. The Scotts Valley EIFD will also finance planning

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

and design activities that are directly related to the purchase, construction, expansion, or rehabilitation of these projects. Projects financed by the Scotts Valley EIFD may include, but not be limited to, all of the following:
• Highways, interchanges, ramps and bridges, arterial streets, parking facilities, and transit facilities;
• Sewage treatment and water reclamation plants and interceptor pipes; • Facilities for the collection and treatment of water for urban uses; • Flood control levees and dams, retention basins, and drainage channels; • Childcare facilities;
• Libraries;
• Parks, recreational facilities, and open space;
• Bicycle facilities;
• Governmental and administrative facilities;
• Facilities for the transfer and disposal of solid waste, including transfer stations and vehicles;
• Brownfield restoration and other environmental mitigation; • Affordable housing as authorized under the EIFD Law;
• Acquisition, construction, or repair of commercial structures by the small business occupant of such structures, if such acquisition, construction, or repair is for purposes of fostering economic recovery from the COVID-19 pandemic and of ensuring the long-term economic sustainability of small businesses;
• Projects that enable the community to become more resilient and adapt to the impacts of climate change, including, but not limited to, higher average temperatures, decreased air and water quality, the spread of infectious and vector-borne diseases, other public health impacts, extreme weather events, flooding, heat waves, wildfires, and drought; • Broadband and telecommunications infrastructure;
• Projects that implement a sustainable communities strategy and transit priority projects; • Acquisition, construction, or repair of industrial structures for private use; • Facilities in which nonprofit community organizations provide health, youth, homeless, and social services.
• Project development, environmental compliance and permitting for wildfire risk reduction projects (to the extent eligible under EIFD law)
• For areas at least partially in high or very high fire hazard severity zones designated by the State Fire Marshal pursuant to Article 9 (commencing with Section 4201) of Chapter 1 of Part 2 of Division 4 of the Public Resources Code, facilities including heavy equipment to be used for vegetation clearance and wildfire risk reduction activities such as shaded fuel breaks, undergrounding of local publicly owned electric utilities, as defined in Section 224.3 of the Public Utilities Code, against wildfires, and equipment used for fire watch, prevention, and fighting, including, but not limited to, fire engines, fire prevention or

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

response ground apparatus, and technological advancements to weather and wind science infrastructure, risk modeling, and prediction (with the exception that bond proceeds may not be used to finance equipment), to the extent eligible under EIFD law).

In addition, the Scotts Valley EIFD may finance any other expenses incidental to the formation, administration1 and implementation of the Scotts Valley EIFD and to the construction, completion, inspection and acquisition of the authorized facilities, including, but not limited to, the costs of creation and administration of the Scotts Valley EIFD; costs of issuance of bonds or other debt of the Scotts Valley EIFD or of any other public agency (including a community facilities district) that finances authorized facilities, and payment of debt service thereon; financing costs of improvements incurred by developers until reimbursement for the costs of the improvements from the Scotts Valley EIFD; costs incurred by the City, County, Fire District, or the Scotts Valley EIFD in connection with the division of taxes pursuant to Government Code section 53398.75; and legal costs.

In accordance with Government Code Section 53398.69, the Scotts Valley EIFD may expend up to 10 percent of any accrued tax increment in the first two years of the effective date of the Scotts Valley EIFD on planning and dissemination of information to the residents within the Scotts Valley EIFD boundaries about the IFP and planned activities to be funded by the Scotts Valley EIFD, including reimbursement of the City’s advanced funding of such eligible costs.

Ongoing administration costs are estimated in the range of $15,000 to $40,000, with expectations that such costs would increase in proportion to available revenues during the EIFD lifetime.

The PFA intends to continue to identify, evaluate, and pursue additional funding sources and financing mechanisms aside from District tax increment to implement the improvements identified above, potentially including grant sources, impact fees, private sector investment incentivized by the formation of the EIFD itself, and/or other sources.

Private sector developers will be responsible for funding project-specific / fair-share / in-tract infrastructure, unless otherwise outlined in this IFP. Some public facilities included in the EIFD area are anticipated to be provided by governmental entities without assistance from the District.

There may be public facilities anticipated to be provided jointly by the private sector and 1 Administration costs refer to the actual or reasonably estimated costs directly related to the administration of the Scotts Valley EIFD, including, but not limited to, the following: the costs of computing annual tax increment revenues and preparing the required annual reporting; the costs of allocation tax increment revenues (whether by the County, the City, the Fire District, or otherwise); the costs to the City, Scotts Valley EIFD, or any designee thereof in complying with disclosure requirements; the costs associated with preparing required disclosure statements and responding to public inquiries regarding the Scotts Valley EIFD; and the costs of the City, Scotts Valley EIFD, or any designee thereof related to any appeal of the implementation of the Scotts Valley EIFD. Administration costs shall also include amounts estimated or advanced by the City for any other administrative purposes, including, but not limited to, attorney’s fees or any other expenses incidental to the implementation of the Scotts Valley EIFD.

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Infrastructure Financing Plan
August 2026

governmental entities, and it is possible that private sector developers may advance funding for improvements such as public infrastructure, with anticipation to be partially reimbursed with EIFD proceeds. Such case-specific agreements would come before the PFA for approval at the appropriate time.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

4.0 Finding of Communitywide
Significance
Implementation of the District promotes the goals of and is consistent with the City’s General Plan, serves as a catalyst for private sector investment and critical public infrastructure with transformative potential for the Scotts Valley EIFD area and the larger region. The District supports job creation, housing production, and improvement of quality of life.

Specific communitywide and regional benefits anticipated to be generated by the District include:
• Approximately $9 million in net fiscal surplus to the City over 50 years (on a present-value basis)
• Approximately $8 million in net fiscal surplus to the Fire District over 50 years (on a present-value basis)
• Approximately $18 million in net fiscal impact to County over 50 years (on a present-value basis)
• Approximately $27 million in new sales tax funding for County transportation, Metropolitan Transit District, and Santa Cruz Public Libraries over 50 years (on a presentvalue basis) • Approximately 2,345 housing units within the District, including significant portion of affordable housing units
• Approximately 15,136 direct, indirect, and induced temporary, construction-related jobs in the City and County
• Approximately 612 direct, indirect and induced permanent jobs in the City and County • Approximately $2.1 billion in economic output from construction in the City and County • Approximately $7 million in annual ongoing economic output in the City and County.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

5.0 Financing Section
The Scotts Valley EIFD represents a partnership between the City, Fire District, and County, and as such, will be funded by property tax increment from all three taxing entities. No other taxing entity is contributing property tax increment to the District. It is anticipated that property tax increment will be utilized on both a “pay-as-you-go” basis as well as security for tax increment bond issuance or loan acquisition.

Portions of the Scotts Valley EIFD are located within the boundaries of the former Redevelopment Project Area of the former Redevelopment Agency of Scotts Valley, and so property tax revenues generated by the properties within the overlapping area will flow according to the Redevelopment Agency dissolution statutes the Successor Agency’s obligations are retired. Redevelopment Property Tax Trust Fund (RPTTF) residual revenues are intended to be contributed by the City, Fire District, and County to the District as part of the maximum allocations outlined in the following sections.

5.1 Maximum Portion of Incremental Tax Revenue Dedicated to the District The maximum portion of the City’s property tax increment to be committed to the District will be 50% throughout the duration of the District lifetime. Beyond the City’s standard AB8 property tax, this includes the City’s allocation of incremental property tax in lieu of MVLF and incremental successor agency RPTTF residual revenues.

The maximum portion of the Fire District’s property tax increment to be committed to the District will be 30% throughout the duration of the District lifetime. This includes the Fire District’s standard AB8 property tax and incremental RPTTF residual revenues (Fire District does not receive property tax in lieu of MVLF).

The maximum portion of the County’s property tax increment to be committed to the District will be 25% for the first 30 years of the District lifetime and 0% thereafter. This includes the County’s incremental standard AB8 property tax (general fund apportionment) and incremental RPTTF residual revenues, but not the County’s incremental property tax in lieu of MVLF.

5.2 Projection of District Tax Revenues by Year
Table 3 provides an overview of the projected growth of assessed value, property tax increment, and City, Fire District, and County allocations to the District over the District lifetime. It is expected that a total of approximately $42.7 million of incremental tax revenues will be allocated to the District by the City, a total of approximately $35.4 million of incremental tax revenues will be

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

allocated to the District by the Fire District, and a total of approximately $12.0 million of incremental tax revenues will be allocated to the District by the County, for a total allocation of taxes revenues to the EIFD of approximately $90.0 million over approximately 50 years.

Table 3: Projection of District Revenues by Year
Note: Present value at 3% discount rate.

These projections are based on research and analysis of available data at the time of IFP preparation for purposes of illustration. Actual results may differ from those expressed in this document. Appendix C provides additional detail for the projected revenue analysis.

Incremental
Assessed Value
Property Tax
Increment @
1% General Levy
Average City
Share
Available
Increment
Available
Portion of
Share
Allocated
Increment
Allocated to
EIFD
Average
County Share
Available
Increment
Available
Portion of
Share
Allocated
Increment
Allocated to
EIFD
Average Fire
Share
Available
Increment
Available
Portion of
Share
Allocated
Increment
Allocated to
EIFD
Total Taxes
Allocated to
EIFD
0 2026 / 2027 $0 $0 10.6% $0 50% $0 14.0% $0 25% $0 14.6% $0 30% $0 $0 1 2027 / 2028 $66,731,601 $667,316 10.6% $70,464 50% $35,232 14.0% $93,424 25% $23,356 14.6% $97,428 30% $29,228 $87,816 2 2028 / 2029 $191,286,214 $1,912,862 10.6% $201,985 50% $100,993 14.0% $267,801 25% $66,950 14.6% $279,278 30% $83,783 $251,726 3 2029 / 2030 $264,419,900 $2,644,199 10.6% $279,209 50% $139,605 14.0% $370,188 25% $92,547 14.6% $386,053 30% $115,816 $347,967 4 2030 / 2031 $340,343,213 $3,403,432 10.6% $359,379 50% $179,689 14.0% $476,480 25% $119,120 14.6% $496,901 30% $149,070 $447,880 5 2031 / 2032 $434,330,417 $4,343,304 10.6% $458,623 50% $229,311 14.0% $608,063 25% $152,016 14.6% $634,122 30% $190,237 $571,564 6 2032 / 2033 $516,385,996 $5,163,860 10.6% $545,268 50% $272,634 14.0% $722,940 25% $180,735 14.6% $753,924 30% $226,177 $679,546 7 2033 / 2034 $601,490,860 $6,014,909 10.6% $635,133 50% $317,566 14.0% $842,087 25% $210,522 14.6% $878,177 30% $263,453 $791,541 8 2034 / 2035 $775,780,824 $7,757,808 10.6% $819,171 50% $409,586 14.0% $1,086,093 25% $271,523 14.6% $1,132,640 30% $339,792 $1,020,901 9 2035 / 2036 $868,974,986 $8,689,750 10.6% $917,578 50% $458,789 14.0% $1,216,565 25% $304,141 14.6% $1,268,703 30% $380,611 $1,143,541 10 2036 / 2037 $965,527,396 $9,655,274 10.6% $1,019,530 50% $509,765 14.0% $1,351,738 25% $337,935 14.6% $1,409,670 30% $422,901 $1,270,601 11 2037 / 2038 $1,013,606,947 $10,136,069 10.6% $1,070,299 50% $535,150 14.0% $1,419,050 25% $354,762 14.6% $1,479,866 30% $443,960 $1,333,872 12 2038 / 2039 $1,063,164,264 $10,631,643 10.6% $1,122,628 50% $561,314 14.0% $1,488,430 25% $372,107 14.6% $1,552,220 30% $465,666 $1,399,088 13 2039 / 2040 $1,114,239,224 $11,142,392 10.6% $1,176,560 50% $588,280 14.0% $1,559,935 25% $389,984 14.6% $1,626,789 30% $488,037 $1,466,300 14 2040 / 2041 $1,166,872,712 $11,668,727 10.6% $1,232,137 50% $616,069 14.0% $1,633,622 25% $408,405 14.6% $1,703,634 30% $511,090 $1,535,564 15 2041 / 2042 $1,221,106,638 $12,211,066 10.6% $1,289,404 50% $644,702 14.0% $1,709,549 25% $427,387 14.6% $1,782,816 30% $534,845 $1,606,934 16 2042 / 2043 $1,276,983,966 $12,769,840 10.6% $1,348,407 50% $674,204 14.0% $1,787,778 25% $446,944 14.6% $1,864,397 30% $559,319 $1,680,467 17 2043 / 2044 $1,334,548,739 $13,345,487 10.6% $1,409,192 50% $704,596 14.0% $1,868,368 25% $467,092 14.6% $1,948,441 30% $584,532 $1,756,220 18 2044 / 2045 $1,393,846,104 $13,938,461 10.6% $1,471,805 50% $735,903 14.0% $1,951,385 25% $487,846 14.6% $2,035,015 30% $610,505 $1,834,253 19 2045 / 2046 $1,454,922,338 $14,549,223 10.6% $1,536,298 50% $768,149 14.0% $2,036,891 25% $509,223 14.6% $2,124,187 30% $637,256 $1,914,628 20 2046 / 2047 $1,517,824,877 $15,178,249 10.6% $1,602,718 50% $801,359 14.0% $2,124,955 25% $531,239 14.6% $2,216,024 30% $664,807 $1,997,405 21 2047 / 2048 $1,551,141,658 $15,511,417 10.6% $1,637,899 50% $818,949 14.0% $2,171,598 25% $542,900 14.6% $2,264,667 30% $679,400 $2,041,249 22 2048 / 2049 $1,585,124,773 $15,851,248 10.6% $1,673,783 50% $836,891 14.0% $2,219,175 25% $554,794 14.6% $2,314,282 30% $694,285 $2,085,970 23 2049 / 2050 $1,619,787,551 $16,197,876 10.6% $1,710,384 50% $855,192 14.0% $2,267,703 25% $566,926 14.6% $2,364,890 30% $709,467 $2,131,585 24 2050 / 2051 $1,655,143,585 $16,551,436 10.6% $1,747,718 50% $873,859 14.0% $2,317,201 25% $579,300 14.6% $2,416,510 30% $724,953 $2,178,112 25 2051 / 2052 $1,691,206,739 $16,912,067 10.6% $1,785,798 50% $892,899 14.0% $2,367,689 25% $591,922 14.6% $2,469,162 30% $740,749 $2,225,570 26 2052 / 2053 $1,727,991,157 $17,279,912 10.6% $1,824,640 50% $912,320 14.0% $2,419,188 25% $604,797 14.6% $2,522,867 30% $756,860 $2,273,977 27 2053 / 2054 $1,765,511,262 $17,655,113 10.6% $1,864,258 50% $932,129 14.0% $2,471,716 25% $617,929 14.6% $2,577,646 30% $773,294 $2,323,352 28 2054 / 2055 $1,803,781,770 $18,037,818 10.6% $1,904,669 50% $952,335 14.0% $2,525,294 25% $631,324 14.6% $2,633,521 30% $790,056 $2,373,715 29 2055 / 2056 $1,842,817,688 $18,428,177 10.6% $1,945,888 50% $972,944 14.0% $2,579,945 25% $644,986 14.6% $2,690,514 30% $807,154 $2,425,085 30 2056 / 2057 $1,882,634,324 $18,826,343 10.6% $1,987,932 50% $993,966 14.0% $2,635,688 25% $658,922 14.6% $2,748,646 30% $824,594 $2,477,482 31 2057 / 2058 $1,923,247,294 $19,232,473 10.6% $2,030,817 50% $1,015,408 14.0% $2,692,546 0% $0 14.6% $2,807,941 30% $842,382 $1,857,791 32 2058 / 2059 $1,964,672,522 $19,646,725 10.6% $2,074,559 50% $1,037,279 14.0% $2,750,542 0% $0 14.6% $2,868,422 30% $860,527 $1,897,806 33 2059 / 2060 $2,006,926,255 $20,069,263 10.6% $2,119,176 50% $1,059,588 14.0% $2,809,697 0% $0 14.6% $2,930,112 30% $879,034 $1,938,622 34 2060 / 2061 $2,050,025,063 $20,500,251 10.6% $2,164,685 50% $1,082,343 14.0% $2,870,035 0% $0 14.6% $2,993,037 30% $897,911 $1,980,254 35 2061 / 2062 $2,093,985,847 $20,939,858 10.6% $2,211,105 50% $1,105,552 14.0% $2,931,580 0% $0 14.6% $3,057,219 30% $917,166 $2,022,718 36 2062 / 2063 $2,138,825,846 $21,388,258 10.6% $2,258,453 50% $1,129,226 14.0% $2,994,356 0% $0 14.6% $3,122,686 30% $936,806 $2,066,032 37 2063 / 2064 $2,184,562,646 $21,845,626 10.6% $2,306,748 50% $1,153,374 14.0% $3,058,388 0% $0 14.6% $3,189,461 30% $956,838 $2,110,212 38 2064 / 2065 $2,231,214,181 $22,312,142 10.6% $2,356,008 50% $1,178,004 14.0% $3,123,700 0% $0 14.6% $3,257,573 30% $977,272 $2,155,276 39 2065 / 2066 $2,278,798,747 $22,787,987 10.6% $2,406,254 50% $1,203,127 14.0% $3,190,318 0% $0 14.6% $3,327,046 30% $998,114 $2,201,241 40 2066 / 2067 $2,327,335,005 $23,273,350 10.6% $2,457,505 50% $1,228,753 14.0% $3,258,269 0% $0 14.6% $3,397,909 30% $1,019,373 $2,248,125 41 2067 / 2068 $2,376,841,987 $23,768,420 10.6% $2,509,781 50% $1,254,891 14.0% $3,327,579 0% $0 14.6% $3,470,189 30% $1,041,057 $2,295,947 42 2068 / 2069 $2,427,339,110 $24,273,391 10.6% $2,563,103 50% $1,281,551 14.0% $3,398,275 0% $0 14.6% $3,543,915 30% $1,063,175 $2,344,726 43 2069 / 2070 $2,478,846,174 $24,788,462 10.6% $2,617,491 50% $1,308,745 14.0% $3,470,385 0% $0 14.6% $3,619,115 30% $1,085,735 $2,394,480 44 2070 / 2071 $2,531,383,381 $25,313,834 10.6% $2,672,966 50% $1,336,483 14.0% $3,543,937 0% $0 14.6% $3,695,820 30% $1,108,746 $2,445,229 45 2071 / 2072 $2,584,971,331 $25,849,713 10.6% $2,729,552 50% $1,364,776 14.0% $3,618,960 0% $0 14.6% $3,774,058 30% $1,132,217 $2,496,993 46 2072 / 2073 $2,639,631,040 $26,396,310 10.6% $2,787,268 50% $1,393,634 14.0% $3,695,483 0% $0 14.6% $3,853,861 30% $1,156,158 $2,549,793 47 2073 / 2074 $2,695,383,943 $26,953,839 10.6% $2,846,140 50% $1,423,070 14.0% $3,773,538 0% $0 14.6% $3,935,261 30% $1,180,578 $2,603,648 48 2074 / 2075 $2,752,251,905 $27,522,519 10.6% $2,906,188 50% $1,453,094 14.0% $3,853,153 0% $0 14.6% $4,018,288 30% $1,205,486 $2,658,581 49 2075 / 2076 $2,810,257,225 $28,102,572 10.6% $2,967,438 50% $1,483,719 14.0% $3,934,360 0% $0 14.6% $4,102,976 30% $1,230,893 $2,714,612 50 2076 / 2077 $2,869,422,653 $28,694,227 10.6% $3,029,913 50% $1,514,956 14.0% $4,017,192 0% $0 14.6% $4,189,357 30% $1,256,807 $2,771,763 $86,663,908 50% $43,331,954 $114,902,830 11% $12,147,635 $119,827,237 30% $35,948,171 $91,427,760 @ 3.0% $36,146,443 50% $18,073,221 $47,924,548 15% $7,004,300 $49,978,457 30% $14,993,537 $40,071,058 Total
Present Value
City Allocation (AB8 + MVLF) County Allocation (AB8 Only / no MVLF) Fire District Allocation (AB8 Only / No MVLF) Fiscal Year

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

5.3 Plan for Financing Public Facilities
The PFA intends to utilize numerous funding sources and financing mechanisms to implement the projects identified in Section 3.2, potentially including District tax increment, grant sources, impact fees, private sector investment, and/or other sources.

As it pertains to the use of District tax increment, the PFA intends to incur debt only when it is financially prudent to do so. It is estimated at this time that approximately $40 million of EIFD funding (in present value dollars) will be made available through bond or loan proceeds and payas-you-go proceeds over the District lifetime. It may be the case that multiple debt issuances will be necessary to achieve the targeted funding capacity.

5.4 Limit on Total Dollars Allocated to the District
The total number of dollars or taxes that may be allocated to the District shall not exceed $250,000,000 (nominal dollars) over the District lifetime. This represents a maximum allocation of $100,000,000 from the City, a maximum allocation of $100,000,000 from the Fire District, and a maximum allocation of $50,000,000 from the County over the District lifetime (nominal dollars).

This cap is intended to provide capacity for future financings in a scenario where actual revenues exceed projections.

The limit on the total number of dollars that the City, Fire District, and County will contribute to the EIFD shall be defined as the annual amount of the City, Fire District, and County contributions that is needed to pay bond payments, or otherwise fund the approved list of infrastructure and other projects and expenses of the District, with an estimated allocation of approximately $40 million (in present value dollars) over the entire District lifetime. The infrastructure and other projects shall be considered fully funded when all projects have been financed by bonds, excess tax increment, or other funds. In the following fiscal year after the projects have been fully funded, and any year thereafter up to the time limit, any City, Fire District, and County contributions in excess of remaining bond payments shall be returned by the EIFD to the City, Fire District, and County according to their respective proportions. The EIFD shall provide the City, Fire District, County an annual accounting of the status of the funding of the approved infrastructure projects and notify the City, Fire District, and County when they have been fully funded.

5.5 District Termination Date
The District will cease to exist the earlier of: (i) forty five (45) years from the date on which the first issuance of bonds or acquisition of a loan is approved by the PFA, or (ii) June 30, 2090. This IFP assumes that that the base year for the District will be Fiscal Year 2026-2027 and that the District will begin receiving tax revenues in Fiscal Year 2027-2028.

5.6 Analysis of Costs to Provide Facilities and Services, and Analysis of Revenues Appendix D to this IFP includes, as part of the Fiscal Impact Analysis, an analysis of the costs to the City, Fire District, and County for providing facilities and services to the area of the District, as well as revenues. It is estimated that, at Year 20 of the District lifetime (assumed stabilized buildout of District area), annual costs to the City will be approximately $4.5 million, and annual

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

revenues the City will be approximately $5.5 million. It is estimated that annual costs to the Fire District will be approximately $680,000, and annual revenues to the Fire District will be approximately $1.1 million. It is estimated that annual costs to the County will be approximately $1.3 million, and annual revenues to the County will be approximately $1.9 million

5.7 Fiscal Impact Analysis
Appendix D to this IFP includes an analysis of the projected fiscal impact of the District and the associated development upon the City, Fire District, and the County, as the three affected taxing entities that are contributing tax increment revenues to the District. Table 5 presents an overview of fiscal impacts to the City and County.

Table 5: Overview of Fiscal Impacts to City and County
It is estimated that, at Year 20 of the District lifetime, the District area will generate an annual net fiscal surplus of approximately $1.0 million to the City, an annual net fiscal surplus of approximately $608,000 to the County, and an annual net fiscal surplus of approximately $367,000 to the Fire District.

Over 50 years, District activity will generate a positive net fiscal impact of approximately $8.5 million for the City, approximately $18.4 million for the County, and approximately $7.5 million for the Fire District on a present-value basis.

Annual
@ Year 10
Year 0-50
Nominal
Total
Year 0-50
Present Value
@ 3.0%
City of Scotts Valley
Estimated Fiscal Revenues (Net of EIFD Allocation) $5,518,227 $602,836,800 $233,002,300 Estimated Fiscal Expenditures ($4,487,800) ($589,068,600) ($224,456,000) Estimated Net Fiscal Impact to City $1,030,427 $13,768,200 $8,546,300 County of Santa Cruz
Estimated Fiscal Revenues (Net of EIFD Allocation) $1,902,800 $220,345,400 $83,324,900 Estimated Fiscal Expenditures ($1,295,100) ($170,522,600) ($64,959,300) Estimated Net Fiscal Impact to County $607,700 $49,822,800 $18,365,600 Scotts Valley Fire Protection District
Estimated Fiscal Revenues (Net of EIFD Allocation) $1,051,300 $107,392,600 $41,778,400 Estimated Fiscal Expenditures ($684,700) ($89,859,700) ($34,239,700) Estimated Net Fiscal Impact to Fire $366,600 $17,532,900 $7,538,700 County Measure D Sales Tax - Transportation $207,300 $28,323,600 $10,760,700 Sales Tax - Metropolitan Transit District $207,300 $28,323,600 $10,760,700 Sales Tax - Santa Cruz Public Libraries $103,600 $14,161,600 $5,380,200

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

5.8 Developer Reimbursement for Transit Priority Project At this time, the City does not contain a transit station that qualifies for the Transit Priority Project Program, and therefore, the PFA does not intend to finance any potential costs that may be incurred by reimbursing a developer of a project that is both located entirely within the boundaries of the District and qualifies for the Transit Priority Project Program, pursuant to Section 65470. To the extent that a developer is willing to fund Transit Priority Project infrastructure expenditures beyond and in advance of said developer’s fair share (not contemplated at this time), the PFA may consider and evaluate such reimbursement at the appropriate time.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

6.0 Removal of Dwelling Units and
Replacement Housing Plan
The PFA does not anticipated that any housing units will be removed as a result of any project identified in this IFP. However, if any relocation of dwelling units is deemed to be required in the future for a project financed by the District, the PFA will comply with the requirements of Government Code Section 53398.56.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

7.0 Goals of the District
As stated in the Resolution of Intention, the goal of the Scotts Valley EIFD is to assist in the provision of public facilities of communitywide significance that provide significant benefits and promote economic development within the boundaries of the Scotts Valley EIFD and the surrounding community and, for those facilities located outside the Scotts Valley EIFD boundaries which also have a tangible connection to the Scotts Valley EIFD.

The goals of the District’s implementation of the public facilities outlined in Section 3.2 are to support the City’s General Plan and serve as a catalyst for private sector investment and critical public infrastructure with transformative potential for the Scotts Valley EIFD area and the region as a whole. The District additionally aims to implement Statewide policy goals of housing supply and sustainable infrastructure investment.

Additional objectives include economic development in the form of fiscal revenue generation for the City, County, Fire District, and other taxing entities, job creation, housing production, improvement of quality of life, and promotion of environmental sustainability. The District will be utilized to address critical infrastructure funding needs, which are are critical to catalyze private sector investment and development.

Scotts Valley EIFD
Infrastructure Financing Plan
August 2026

8.0 Appendices
Appendix A: Map of Boundaries of the Scotts Valley EIFD Appendix B: Legal Description of the Scotts Valley EIFD Appendix C: Projected Tax Increment Revenue Analysis
Appendix D: Fiscal Impact Analysis

Appendix A:

EIFD Map

APPENDIX A
Map of Scotts Valley Enhanced Infrastructure Financing District (EIFD) Boundaries EIFD parcels are highlighted in color above and total approx. 236 acres.

Scotts Valley City boundaries are noted for reference only

Appendix B:

EIFD Legal Description

Appendix B to Infrastructure Financing Plan (IFP) - Scotts Valley EIFD Parcel List DRAFT 021-141-05 022-221-01 022-721-09
021-141-20 022-221-02 022-741-01
021-221-02 022-221-03 022-741-02
021-231-02 022-221-04 022-741-20
021-231-04 022-231-15 022-741-21
021-231-07 022-231-16 022-741-22
021-231-08 022-231-17 022-741-23
021-271-04 022-231-18 022-741-24
021-281-07 022-231-22 022-741-25
021-281-08 022-231-25 022-801-17
021-281-09 022-351-13 022-861-01
021-281-14 022-481-05 022-861-25
021-281-15 022-481-06 022-871-01
021-321-04 022-481-08 022-891-10
022-022-06 022-481-17 022-891-11
022-022-61 022-481-18 022-902-04
022-022-62 022-481-21 022-902-05
022-031-01 022-481-22 022-902-06
022-031-09 022-481-23 022-902-13
022-031-11 022-491-04 022-902-15
022-031-12 022-491-05 022-902-18
022-031-13 022-491-06 023-102-15
022-031-14 022-491-07 023-113-31
022-031-16 022-491-08 023-113-36
022-042-29 022-491-09 023-172-01
022-072-33 022-491-12 024-031-16
022-072-41 022-491-23 024-152-25
022-082-16 022-491-24 024-152-27
022-082-34 022-491-27 024-152-28
022-082-64 022-521-12 024-152-29
022-082-66 022-571-01 024-152-30
022-082-76 022-571-02
022-082-77 022-571-03
022-091-58 022-571-05
022-151-03 022-601-01
022-151-04 022-601-02
022-151-05 022-601-03
022-151-07 022-601-04
022-151-08 022-601-05
022-151-10 022-601-06
022-151-11 022-601-07
022-162-76 022-601-08
022-212-16 022-601-13
022-212-17 022-601-18
022-212-18 022-721-06
022-212-19 022-721-07
022-212-20 022-721-08
June 2026 Page 1 of 1

Appendix C:

Tax Increment Revenue Projection Detail

Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT 0 1 2 3 4 5 6 7
Total 2026-2027 2028 2029 2030 2031 2032 2033 2034
Construction inflator 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 New Development
Residential - Lower Density Market Rate 431 units 43 units 43 units 43 units 43 units 43 units 43 units 43 units $950,000 per unit $466,449,114 $42,599,178 $43,451,162 $44,320,185 $45,206,588 $46,110,720 $47,032,935 $47,973,593 Residential - Higher Density Market Rate 850 units 43 units 43 units 43 units 43 units 43 units 43 units 43 units $450,000 per unit $483,460,560 $19,897,650 $20,295,603 $20,701,515 $21,115,545 $21,537,856 $21,968,613 $22,407,986 Residential - Affordable 1,064 units 53 units 53 units 53 units 53 units 53 units 53 units 53 units $0 per unit $0 $0 $0 $0 $0 $0 $0 $0
Hotel 300 rooms 120 rooms
$350,000 per room $119,861,568 $0 $44,570,736 $0 $0 $0 $0 $0 Industrial / Flex 87,592 SF 20,142 SF 67,450 SF
$200 PSF $19,466,901 $0 $4,274,970 $0 $0 $15,191,931 $0 $0 Commercial 70,000 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF $350 PSF $30,966,755 $1,274,490 $1,299,980 $1,325,979 $1,352,499 $1,379,549 $1,407,140 $1,435,283 Subtotal Value Add $1,120,204,898 $63,771,318 $113,892,451 $66,347,679 $67,674,633 $84,220,057 $70,408,688 $71,816,862 Total Assessed Value $148,014,129 $214,745,729 $332,933,095 $405,939,436 $481,732,857 $575,587,571 $657,508,010 $742,475,032 Incremental AV $66,731,601 $184,918,966 $257,925,307 $333,718,729 $427,573,442 $509,493,882 $594,460,904 Total tax increment @ 1% $667,316 $1,849,190 $2,579,253 $3,337,187 $4,275,734 $5,094,939 $5,944,609 City Average AB8 Share Available 6.50% $52,539,083 $43,376 $120,197 $167,651 $216,917 $277,923 $331,171 $386,400 Percent Allocated to EIFD 50.0% $26,269,541 $21,688 $60,099 $83,826 $108,459 $138,961 $165,586 $193,200 City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 $27,088 $75,064 $104,700 $135,467 $173,565 $206,819 $241,310 Percent Allocated to EIFD 50.0% $16,405,575 $13,544 $37,532 $52,350 $67,733 $86,783 $103,410 $120,655 County Average AB8 Share Available 14.00% $113,161,101 $93,424 $258,887 $361,095 $467,206 $598,603 $713,291 $832,245 Percent Allocated to EIFD 25.0% $11,952,597 $23,356 $64,722 $90,274 $116,802 $149,651 $178,323 $208,061 Fire District Average AB8 Share Available 14.60% $118,010,862 $97,428 $269,982 $376,571 $487,229 $624,257 $743,861 $867,913 Percent Allocated to EIFD 30.0% $35,403,259 $29,228 $80,995 $112,971 $146,169 $187,277 $223,158 $260,374 Total Revenues Allocated to EIFD $90,030,971 $87,816 $243,347 $339,421 $439,162 $562,672 $670,476 $782,290 June 2026 Appendix C Page 1 of 7 Page 53 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
8 9 10 11 12 13 14 15
2035 2036 2037 2038 2039 2040 2041 2042

1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373
43 units 43 units 43 units
$48,933,065 $49,911,727 $50,909,961 $0 $0 $0 $0 $0
43 units 43 units 43 units 43 units 43 units 43 units 43 units 43 units $22,856,145 $23,313,268 $23,779,534 $24,255,124 $24,740,227 $25,235,031 $25,739,732 $26,254,527 53 units 53 units 53 units 53 units 53 units 53 units 53 units 53 units $0 $0 $0 $0 $0 $0 $0 $0
180 rooms
$75,290,832 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF $1,463,988 $1,493,268 $1,523,134 $1,553,596 $1,584,668 $1,616,361 $1,648,689 $1,681,662 $148,544,031 $74,718,263 $76,212,628 $25,808,721 $26,324,895 $26,851,393 $27,388,421 $27,936,189 $905,868,564 $998,704,198 $1,094,890,910 $1,142,597,449 $1,191,774,293 $1,242,461,172 $1,294,698,816 $1,348,528,981 $757,854,435 $850,690,069 $946,876,781 $994,583,320 $1,043,760,164 $1,094,447,043 $1,146,684,687 $1,200,514,852 $7,578,544 $8,506,901 $9,468,768 $9,945,833 $10,437,602 $10,944,470 $11,466,847 $12,005,149 $492,605 $552,949 $615,470 $646,479 $678,444 $711,391 $745,345 $780,335 $246,303 $276,474 $307,735 $323,240 $339,222 $355,695 $372,673 $390,167 $307,637 $345,322 $384,367 $403,732 $423,695 $444,270 $465,475 $487,326 $153,818 $172,661 $192,183 $201,866 $211,847 $222,135 $232,737 $243,663 $1,060,996 $1,190,966 $1,325,627 $1,392,417 $1,461,264 $1,532,226 $1,605,359 $1,680,721 $265,249 $297,742 $331,407 $348,104 $365,316 $383,056 $401,340 $420,180 $1,106,467 $1,242,008 $1,382,440 $1,452,092 $1,523,890 $1,597,893 $1,674,160 $1,752,752 $331,940 $372,602 $414,732 $435,627 $457,167 $479,368 $502,248 $525,826 $997,310 $1,119,479 $1,246,057 $1,308,837 $1,373,552 $1,440,255 $1,508,998 $1,579,836 June 2026 Appendix C Page 2 of 7 Page 54 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
16 17 18 19 20 21 22 23
2043 2044 2045 2046 2047 2048 2049 2050

1.400 1.428 1.457 1.486 1.516 1.546 1.577 1.608
$0 $0 $0 $0 $0 $0 $0 $0
43 units 43 units 43 units 43 units 43 units
$26,779,617 $27,315,209 $27,861,514 $28,418,744 $28,987,119 $0 $0 $0 53 units 53 units 53 units 53 units 53 units
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
3,500 SF 3,500 SF 3,500 SF 3,500 SF 3,500 SF
$1,715,296 $1,749,602 $1,784,594 $1,820,286 $1,856,691 $0 $0 $0 $28,494,913 $29,064,811 $29,646,107 $30,239,030 $30,843,810 $0 $0 $0 $1,403,994,474 $1,461,139,174 $1,520,008,065 $1,580,647,256 $1,643,104,011 $1,675,966,091 $1,709,485,413 $1,743,675,121 $1,255,980,345 $1,313,125,045 $1,371,993,936 $1,432,633,127 $1,495,089,882 $1,527,951,963 $1,561,471,284 $1,595,660,993 $12,559,803 $13,131,250 $13,719,939 $14,326,331 $14,950,899 $15,279,520 $15,614,713 $15,956,610 $816,387 $853,531 $891,796 $931,212 $971,808 $993,169 $1,014,956 $1,037,180 $408,194 $426,766 $445,898 $465,606 $485,904 $496,584 $507,478 $518,590 $509,841 $533,038 $556,935 $581,550 $606,903 $620,243 $633,850 $647,728 $254,921 $266,519 $278,467 $290,775 $303,452 $310,122 $316,925 $323,864 $1,758,372 $1,838,375 $1,920,792 $2,005,686 $2,093,126 $2,139,133 $2,186,060 $2,233,925 $439,593 $459,594 $480,198 $501,422 $523,281 $534,783 $546,515 $558,481 $1,833,731 $1,917,163 $2,003,111 $2,091,644 $2,182,831 $2,230,810 $2,279,748 $2,329,665 $550,119 $575,149 $600,933 $627,493 $654,849 $669,243 $683,924 $698,900 $1,652,827 $1,728,027 $1,805,497 $1,885,296 $1,967,487 $2,010,732 $2,054,842 $2,099,835 June 2026 Appendix C Page 3 of 7 Page 55 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
24 25 26 27 28 29 30 31
2051 2052 2053 2054 2055 2056 2057 2058

1.641 1.673 1.707 1.741 1.776 1.811 1.848 1.885
$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
$1,778,548,624 $1,814,119,596 $1,850,401,988 $1,887,410,028 $1,925,158,229 $1,963,661,393 $2,002,934,621 $2,042,993,313 $1,630,534,495 $1,666,105,468 $1,702,387,859 $1,739,395,899 $1,777,144,100 $1,815,647,264 $1,854,920,492 $1,894,979,185 $16,305,345 $16,661,055 $17,023,879 $17,393,959 $17,771,441 $18,156,473 $18,549,205 $18,949,792 $1,059,847 $1,082,969 $1,106,552 $1,130,607 $1,155,144 $1,180,171 $1,205,698 $1,231,736 $529,924 $541,484 $553,276 $565,304 $577,572 $590,085 $602,849 $615,868 $661,885 $676,324 $691,052 $706,075 $721,398 $737,028 $752,970 $769,231 $330,942 $338,162 $345,526 $353,037 $360,699 $368,514 $376,485 $384,615 $2,282,748 $2,332,548 $2,383,343 $2,435,154 $2,488,002 $2,541,906 $2,596,889 $2,652,971 $570,687 $583,137 $595,836 $608,789 $622,000 $635,477 $649,222 $2,380,580 $2,432,514 $2,485,486 $2,539,518 $2,594,630 $2,650,845 $2,708,184 $2,766,670 $714,174 $729,754 $745,646 $761,855 $778,389 $795,254 $812,455 $830,001 $2,145,727 $2,192,537 $2,240,284 $2,288,985 $2,338,660 $2,389,329 $2,441,011 $1,830,485 June 2026 Appendix C Page 4 of 7 Page 56 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
32 33 34 35 36 37 38 39
2059 2060 2061 2062 2063 2064 2065 2066

1.922 1.961 2.000 2.040 2.081 2.122 2.165 2.208
$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
$2,083,853,180 $2,125,530,243 $2,168,040,848 $2,211,401,665 $2,255,629,698 $2,300,742,292 $2,346,757,138 $2,393,692,281 $1,935,839,051 $1,977,516,115 $2,020,026,719 $2,063,387,536 $2,107,615,570 $2,152,728,164 $2,198,743,009 $2,245,678,152 $19,358,391 $19,775,161 $20,200,267 $20,633,875 $21,076,156 $21,527,282 $21,987,430 $22,456,782 $1,258,295 $1,285,385 $1,313,017 $1,341,202 $1,369,950 $1,399,273 $1,429,183 $1,459,691 $629,148 $642,693 $656,509 $670,601 $684,975 $699,637 $714,591 $729,845 $785,817 $802,735 $819,992 $837,593 $855,547 $873,859 $892,538 $911,591 $392,909 $401,368 $409,996 $418,797 $427,773 $436,930 $446,269 $455,795 $2,710,175 $2,768,523 $2,828,037 $2,888,743 $2,950,662 $3,013,819 $3,078,240 $3,143,949 $2,826,325 $2,887,174 $2,949,239 $3,012,546 $3,077,119 $3,142,983 $3,210,165 $3,278,690 $847,898 $866,152 $884,772 $903,764 $923,136 $942,895 $963,049 $983,607 $1,869,954 $1,910,212 $1,951,276 $1,993,161 $2,035,884 $2,079,461 $2,123,910 $2,169,248 June 2026 Appendix C Page 5 of 7 Page 57 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
40 41 42 43 44 45 46 47
2067 2068 2069 2070 2071 2072 2073 2074

2.252 2.297 2.343 2.390 2.438 2.487 2.536 2.587
$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
$2,441,566,127 $2,490,397,449 $2,540,205,398 $2,591,009,506 $2,642,829,696 $2,695,686,290 $2,749,600,016 $2,804,592,016 $2,293,551,998 $2,342,383,320 $2,392,191,269 $2,442,995,377 $2,494,815,567 $2,547,672,161 $2,601,585,887 $2,656,577,888 $22,935,520 $23,423,833 $23,921,913 $24,429,954 $24,948,156 $25,476,722 $26,015,859 $26,565,779 $1,490,809 $1,522,549 $1,554,924 $1,587,947 $1,621,630 $1,655,987 $1,691,031 $1,726,776 $745,404 $761,275 $777,462 $793,973 $810,815 $827,993 $845,515 $863,388 $931,024 $950,846 $971,065 $991,688 $1,012,723 $1,034,179 $1,056,065 $1,078,388 $465,512 $475,423 $485,532 $495,844 $506,362 $517,090 $528,032 $539,194 $3,210,973 $3,279,337 $3,349,068 $3,420,194 $3,492,742 $3,566,741 $3,642,220 $3,719,209 $3,348,586 $3,419,880 $3,492,599 $3,566,773 $3,642,431 $3,719,601 $3,798,315 $3,878,604 $1,004,576 $1,025,964 $1,047,780 $1,070,032 $1,092,729 $1,115,880 $1,139,495 $1,163,581 $2,215,492 $2,262,662 $2,310,774 $2,359,849 $2,409,906 $2,460,964 $2,513,042 $2,566,163 June 2026 Appendix C Page 6 of 7 Page 58 of 83
Appendix C to IFP - Tax Increment Analysis Detail - Scotts Valley EIFD DRAFT Total
Construction inflator
New Development
Residential - Lower Density Market Rate 431 units
$950,000 per unit $466,449,114
Residential - Higher Density Market Rate 850 units
$450,000 per unit $483,460,560
Residential - Affordable 1,064 units
$0 per unit $0
Hotel 300 rooms
$350,000 per room $119,861,568
Industrial / Flex 87,592 SF
$200 PSF $19,466,901
Commercial 70,000 SF
$350 PSF $30,966,755
Subtotal Value Add $1,120,204,898
Total Assessed Value
Incremental AV
Total tax increment @ 1%
City Average AB8 Share Available 6.50% $52,539,083
Percent Allocated to EIFD 50.0% $26,269,541
City Equivalent Share of MVLF Property Tax 4.06% $32,811,150 Percent Allocated to EIFD 50.0% $16,405,575
County Average AB8 Share Available 14.00% $113,161,101
Percent Allocated to EIFD 25.0% $11,952,597
Fire District Average AB8 Share Available 14.60% $118,010,862 Percent Allocated to EIFD 30.0% $35,403,259
Total Revenues Allocated to EIFD $90,030,971
48 49 50
2075 2076 2077

2.639 2.692 2.745
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$2,860,683,857 $2,917,897,534 $2,976,255,484
$2,712,669,728 $2,769,883,405 $2,828,241,356
$27,126,697 $27,698,834 $28,282,414
$1,763,235 $1,800,424 $1,838,357
$881,618 $900,212 $919,178
$1,101,157 $1,124,382 $1,148,071
$550,578 $562,191 $574,036
$3,797,738 $3,877,837 $3,959,538
$3,960,498 $4,044,030 $4,129,232
$1,188,149 $1,213,209 $1,238,770
$2,620,345 $2,675,612 $2,731,984
June 2026 Appendix C Page 7 of 7 Page 59 of 83
Appendix D:

Fiscal Impact Analysis Detail

Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Overview of Fiscal Impacts Key Land Use Assumptions (Buildout) Annual
@ Year 10
Year 0-50
Nominal
Total
Year 0-50
Present Value
@ 3.0%
City of Scotts Valley Residential - Market Rate Rental 850 DU Estimated Fiscal Revenues (Net of EIFD Allocation) $5,518,227 $602,836,800 $233,002,300 Residential - Market Rate For-Sale 431 DU Estimated Fiscal Expenditures ($4,487,800) ($589,068,600) ($224,456,000) Residential - Affordable Housing 1,064 DU Estimated Net Fiscal Impact to City $1,030,427 $13,768,200 $8,546,300 Hotel 300 rooms Industrial / Flex 87,592 SF
County of Santa Cruz Commercial / Retail 70,000 SF
Estimated Fiscal Revenues (Net of EIFD Allocation) $1,902,800 $220,345,400 $83,324,900 Estimated Fiscal Expenditures ($1,295,100) ($170,522,600) ($64,959,300) Estimated Net Fiscal Impact to County $607,700 $49,822,800 $18,365,600 Scotts Valley Fire Protection District
Estimated Fiscal Revenues (Net of EIFD Allocation) $1,051,300 $107,392,600 $41,778,400 Estimated Fiscal Expenditures ($684,700) ($89,859,700) ($34,239,700) Estimated Net Fiscal Impact to Fire $366,600 $17,532,900 $7,538,700 County Measure D Sales Tax - Transportation $207,300 $28,323,600 $10,760,700 Sales Tax - Metropolitan Transit District $207,300 $28,323,600 $10,760,700 Sales Tax - Santa Cruz Public Libraries $103,600 $14,161,600 $5,380,200 Notes:

Assumes installation of necessary public infrastructure Assumes 10-20 year absorption and 50-year financing district duration Actual absorption will depend on market conditions and other factors Values in 2026 dollars
Project Component
June 2026 Appendix D Page 1 of 23 Page 61 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Summary of Estimated Fiscal Impacts to City Stabilized
Year 5 Year 10 Year 20 Year 30 Year 40 Year 50 Year 55
2031 2036 2046 2056 2066 2076 2081
Stabilized
Escalation
Rate
Year 0-50 Nominal
Total
Year 0-50
Present Value @

3.0%
City of Scotts Valley General Fund Revenues
Property / Possessory Interest Tax $285,700 $668,700 $1,139,000 $1,530,721 $2,057,161 $2,764,652 $3,204,989 3.0% $68,304,400 $26,572,000 Property Tax Allocation to EIFD ($142,900) ($334,300) ($569,500) ($765,360) ($1,028,580) ($1,382,326) $0 3.0% ($34,152,400) ($13,286,200) Property Tax In-Lieu of MVLF $175,100 $409,400 $699,400 $939,935 $1,263,194 $1,697,627 $1,968,015 3.0% $41,930,200 $16,307,800 Property Tax In-Lieu of MVLF Allocation to EIFD ($87,550) ($204,700) ($349,700) ($469,968) ($631,597) ($848,814) $0 3.0% ($20,965,100) ($8,153,900) Property Transfer Tax $5,300 $12,600 $27,000 $36,286 $48,765 $65,536 $75,974 3.0% $1,586,900 $606,700 Sales and Use Tax - Direct / On-Site $113,800 $263,900 $709,300 $953,240 $1,281,075 $1,721,657 $1,995,873 3.0% $40,994,800 $15,441,900 Measure Z Sales Tax - Direct / On-Site $76,100 $176,400 $474,100 $637,151 $856,277 $1,150,765 $1,334,052 3.0% $27,401,200 $10,321,400 Sales and Use Tax - Indirect / Off-Site $218,900 $511,200 $1,106,100 $1,486,506 $1,997,740 $2,684,795 $3,112,413 3.0% $64,935,900 $24,803,300 Measure Z Sales Tax - Indirect / Off-Site $146,300 $341,700 $739,400 $993,692 $1,335,439 $1,794,718 $2,080,570 3.0% $43,407,500 $16,580,000 Transient Occupancy Tax $782,000 $2,266,200 $3,045,600 $4,093,032 $5,500,692 $7,392,471 $8,569,899 3.0% $187,233,400 $74,327,500 Utility Users Tax $175,900 $406,700 $911,800 $1,225,383 $1,646,812 $2,213,178 $2,565,680 3.0% $53,380,800 $20,340,000 Business License Tax $22,600 $49,900 $86,700 $116,518 $156,590 $210,444 $243,962 3.0% $5,195,600 $2,020,400 Charges for Services $0 $0 $0 $0 $0 $0 $0 3.0% $0 $0
Fines & Forfeitures $3,800 $8,700 $19,600 $26,341 $35,400 $47,574 $55,152 3.0% $1,147,300 $437,000 Franchise Fees $175,200 $405,200 $908,400 $1,220,814 $1,640,671 $2,204,925 $2,556,113 3.0% $53,181,500 $20,264,000 Intergovernmental $0 $0 $0 $0 $0 $0 $0 3.0% $0 $0
Investment Earnings $21,465 $54,327 $99,716 $134,010 $180,098 $242,037 $280,587 3.0% $5,935,000 $2,293,900 Rents & Concessions $5,600 $12,900 $29,200 $39,242 $52,738 $70,876 $82,165 3.0% $1,708,300 $650,500 Interfund Transfer in $81,800 $189,100 $424,000 $569,821 $765,791 $1,029,159 $1,193,078 3.0% $24,822,500 $9,458,200 Other Revenues $121,200 $280,300 $628,400 $844,517 $1,134,960 $1,525,292 $1,768,231 3.0% $36,789,000 $14,017,800 Estimated Total Revenues $2,180,315 $5,518,227 $10,128,516 $13,611,879 $18,293,227 $24,584,567 $31,086,753 $602,836,800 $233,002,300 City of Scotts Valley General Fund Expenditures
Legislative $9,100 $21,100 $47,300 $63,567 $85,429 $114,810 $133,096 3.0% $2,769,300 $1,055,300 Legal $22,200 $51,300 $115,000 $154,550 $207,703 $279,135 $323,594 3.0% $6,732,600 $2,565,300 City Manager's Office $81,300 $188,000 $421,400 $566,326 $761,095 $1,022,848 $1,185,762 3.0% $24,670,800 $9,400,500 Administrative Services $343,900 $795,200 $1,782,900 $2,396,069 $3,220,116 $4,327,566 $5,016,835 3.0% $104,378,600 $39,771,800 Police $977,800 $2,261,000 $5,069,300 $6,812,715 $9,155,720 $12,304,522 $14,264,313 3.0% $296,779,400 $113,083,400 Community Development $123,500 $285,600 $640,400 $860,644 $1,156,634 $1,554,419 $1,801,998 3.0% $37,491,900 $14,285,800 Public Works $383,000 $885,600 $1,985,600 $2,668,480 $3,586,214 $4,819,572 $5,587,205 3.0% $116,246,000 $44,293,900 Estimated Total Expenditures $1,940,800 $4,487,800 $10,061,900 $13,522,352 $18,172,911 $24,422,872 $28,312,803 $589,068,600 $224,456,000 Estimated Annual Net Fiscal Impact $239,515 $1,030,427 $66,616 $89,526 $120,316 $161,695 $2,773,951 $13,768,200 $8,546,300 Revenue / Cost Ratio 1.12 1.23 1.01 1.01 1.01 1.01 1.10 1.02 1.04 Notes:

Assumes installation of necessary public infrastructure Values in 2026 dollars
Select years shown for illustration
June 2026 Appendix D Page 2 of 23 Page 62 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Summary of Estimated Fiscal Impacts to County Stabilized Year 5 Year 10 Year 20 Year 30 Year 40 Year 50 Year 55
2031 2036 2046 2056 2066 2076 2081
Stabilized
Escalation
Rate
Year 0-50
Nominal
Total
Year 0-50
Present Value @

3.0%
County of Santa Cruz Revenues
Property Tax $615,400 $1,440,200 $2,453,100 $3,296,761 $4,430,571 $5,954,318 $6,902,686 3.0% $147,110,700 $57,229,900 Property Tax - County Allocation to EIFD ($153,800) ($360,000) ($613,300) ($824,224) $0 $0 $0 3.0% ($13,967,300) ($7,714,300) Property Tax in Lieu of MVLF $313,100 $732,300 $1,250,900 $1,681,105 $2,259,265 $3,036,263 $3,519,861 3.0% $74,993,900 $29,167,400 Property Tax in Lieu of MVLF - County Allocation to EIFD $0 $0 $0 $0 $0 $0 $0 3.0% $0 $0 Property Transfer Tax $5,300 $12,600 $27,000 $36,286 $48,765 $65,536 $75,974 3.0% $1,586,900 $606,700 Sales Tax - Direct / On-Site $11,400 $26,475 $71,100 $95,552 $128,415 $172,578 $200,066 3.0% $4,109,400 $1,548,000 Sales Tax - Indirect / Off-Site $21,975 $51,225 $110,925 $149,074 $200,343 $269,244 $312,128 3.0% $6,511,800 $2,487,200 Estimated County Revenues $813,375 $1,902,800 $3,299,725 $4,434,554 $7,067,358 $9,497,939 $11,010,714 $220,345,400 $83,324,900 County of Santa Cruz Expenditures
Public Protection - Incorporated Jurisdiction Estimate $254,000 $587,400 $1,317,000 $1,769,938 $2,378,648 $3,196,705 $3,705,857 3.0% $77,103,000 $29,379,000 General Government $98,200 $227,100 $509,200 $684,322 $919,672 $1,235,962 $1,432,819 3.0% $29,810,400 $11,358,600 Public Assistance $112,200 $260,100 $590,700 $793,851 $1,066,870 $1,433,784 $1,662,149 3.0% $34,546,700 $13,151,500 Health and Sanitation $56,700 $131,200 $294,200 $395,380 $531,358 $714,101 $827,838 3.0% $17,223,700 $6,562,800 Recreation and Cultural Services $29,300 $67,900 $154,100 $207,098 $278,322 $374,041 $433,616 3.0% $9,012,500 $3,431,000 Public Ways and Facilities $4,400 $10,100 $22,600 $30,373 $40,818 $54,856 $63,593 3.0% $1,323,400 $504,300 Education $4,900 $11,300 $25,700 $34,539 $46,417 $62,381 $72,316 3.0% $1,502,900 $572,100 Estimated County Expenditures $559,700 $1,295,100 $2,913,500 $3,915,500 $5,262,105 $7,071,829 $8,198,188 $170,522,600 $64,959,300 Estimated County Net Fiscal Impact $253,675 $607,700 $386,225 $519,054 $1,805,253 $2,426,110 $2,812,526 $49,822,800 $18,365,600 County Measure D Sales Tax - Transportation $88,900 $207,300 $485,400 $652,337 $876,686 $1,178,193 $1,365,849 3.0% $28,323,600 $10,760,700 Sales Tax - Metropolitan Transit District $88,900 $207,300 $485,400 $652,337 $876,686 $1,178,193 $1,365,849 3.0% $28,323,600 $10,760,700 Sales Tax - Santa Cruz Public Libraries $44,500 $103,600 $242,700 $326,169 $438,343 $589,097 $682,924 3.0% $14,161,600 $5,380,200 Revenue / Expenditure Ratio 1.45 1.47 1.13 1.13 1.34 1.34 1.34 1.29 1.28 Notes:

Assumes installation of necessary public infrastructure Values in 2026 dollars
Select years shown for illustration
June 2026 Appendix D Page 3 of 23 Page 63 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Summary of Estimated Fiscal Impacts to Fire District Stabilized Year 5 Year 10 Year 20 Year 30 Year 40 Year 50 Year 55
2031 2036 2046 2056 2066 2076 2081
Stabilized
Escalation
Rate
Year 0-50
Nominal
Total
Year 0-50
Present Value @

3.0%
Fire District Revenues
Property Tax $641,700 $1,501,900 $2,558,300 $3,438,141 $4,620,574 $6,209,666 $7,198,704 3.0% $153,418,800 $59,683,700 Property Tax - Fire Allocation to EIFD ($192,500) ($450,600) ($767,500) ($1,031,456) ($1,386,190) ($1,862,924) $0 3.0% ($46,026,200) ($17,905,300) Estimated Fire Revenues $449,200 $1,051,300 $1,790,800 $2,406,685 $3,234,384 $4,346,742 $7,198,704 $107,392,600 $41,778,400 Fire District Expenditures
Salaries & Benefits $186,800 $432,100 $968,700 $1,301,852 $1,749,580 $2,351,289 $2,725,789 3.0% $56,711,900 $21,609,200 Services & Supplies $61,300 $141,800 $318,000 $427,365 $574,343 $771,869 $894,808 3.0% $18,616,700 $7,093,500 Other Charges $11,500 $26,600 $59,500 $79,963 $107,464 $144,422 $167,425 3.0% $3,483,800 $1,327,600 Fixed Assets $36,400 $84,200 $188,700 $253,597 $340,813 $458,024 $530,976 3.0% $11,047,300 $4,209,400 Estimated Fire Expenditures $296,000 $684,700 $1,534,900 $2,062,777 $2,772,200 $3,725,605 $4,318,997 $89,859,700 $34,239,700 Estimated Fire Net Fiscal Impact $153,200 $366,600 $255,900 $343,908 $462,184 $621,136 $2,879,707 $17,532,900 $7,538,700 Revenue / Expenditure Ratio 1.52 1.54 1.17 1.17 1.17 1.17 1.67 1.20 1.22 Notes:

Assumes installation of necessary public infrastructure Values in 2026 dollars
Select years shown for illustration
June 2026 Appendix D Page 4 of 23 Page 64 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Project Description
Year 5 Year 10 Year 20
Project Component 2031 2036 2046
Residential - Market Rate Rental 213 DU 425 DU 850 DU
Residential - Market Rate For-Sale 216 DU 431 DU 431 DU Residential - Affordable Housing 266 DU 532 DU 1,064 DU Hotel 120 rooms 300 rooms 300 rooms
Industrial / Flex 87,592 SF 87,592 SF 87,592 SF
Commercial / Retail 17,500 SF 35,000 SF 70,000 SF
Annual Escalation Factor 3.0% 1.16 1.34 1.81
Estimated A/V - Residential - Market Rental $450K Per Unit $110,855,583 $257,024,008 $690,837,547 Estimated A/V - Residential - Market For Sale $950K Per Unit $237,332,385 $550,266,562 $739,512,245 Estimated A/V - Affordable Housing $0K Per Unit $0 $0 $0 Estimated A/V - Hotel $400K Per Room $55,645,156 $161,269,966 $216,733,348 Estimated A/V - Industrial / Flex $200 PSF $20,308,627 $23,543,265 $31,640,179 Estimated A/V - Commercial / Retail $350 PSF $7,100,554 $16,462,976 $44,249,725 Total Estimated Assessed Value $431,242,304 $1,008,566,775 $1,722,973,045 Notes:

Adjusted for value appreciation assuming 2% annual escalation rate (statuatory maximum).

Conservatively assuming no mark-to-market valuations above 2% growth to account for property transfers Select years shown for illustration
Values in 2026 dollars
June 2026 Appendix D Page 5 of 23 Page 65 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Project Employment and Occupants
Year 5 Year 10 Year 20
Project Component 2031 2036 2046
Residential - Market Rate Rental 213 DU 425 DU 850 DU
Residential - Market Rate For-Sale 216 DU 431 DU 431 DU Residential - Affordable Housing 266 DU 532 DU 1,064 DU Hotel 120 Rooms 300 Rooms 300 Rooms
Industrial / Flex 87,592 SF 87,592 SF 87,592 SF
Commercial / Retail 17,500 SF 35,000 SF 70,000 SF
Estimated # Employees (FTE)
Residential - Market Rate Rental 50 DU / emp 4 9 17
Residential - Market Rate For-Sale 0 DU / emp 0 0 0
Residential - Affordable Housing 50 DU / emp 5 11 21
Hotel 1.5 room / emp 80 200 200
Industrial / Flex 1,500 SF / emp 58 58 58
Commercial / Retail 400 SF / emp 44 88 175
Total Estimated # Employees (FTE) 192 365 472
Occupied Dwelling Units 93% 645 DU 1,291 DU 2,181 DU
Residents 2.51 per DU 1,620 3,240 5,474
Employees Weighted at 50% 50% 96 183 236
Total Service Population (Residents + Empl.) 1,716 3,423 5,710 Occupied Hotel Rooms 70% 84 rooms 210 rooms 210 rooms
Hotel Guests 1.5 per room 126 315 315
Notes:

Average household size reflects City average household size Select years shown for illustration
Values in 2026 dollars
June 2026 Appendix D Page 6 of 23 Page 66 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Property Tax
Year 5 Year 10 Year 20
2031 2036 2046
Estimated Assessed Value - Residential $348,187,968 $807,290,569 $1,430,349,792 Estimated Assessed Value - Non-Residential $83,054,336 $201,276,206 $292,623,252 Total Estimated Assessed Value $431,242,304 $1,008,566,775 $1,722,973,045 Total Secured Property Tax General Levy 1.00% $4,312,423 $10,085,668 $17,229,730 Estimated Unsecured Property Tax as % of Secured Non-Residential Value 10.00% $83,054 $201,276 $292,623 Total Estimated Secured + Unsecured Property Tax $4,395,477 $10,286,944 $17,522,354 Distributions to Taxing Entities
City of Scotts Valley 6.50% $285,700 $668,700 $1,139,000 City Allocation to EIFD 50% (3.25%) ($142,900) ($334,300) ($569,500) Net Property Tax to City 3.25% $142,800 $334,400 $569,500 Santa Cruz County General 14.00% $615,400 $1,440,200 $2,453,100 County Allocation to EIFD 25% (3.50%) ($153,800) ($360,000) ($613,300) Net Property Tax to County 10.50% $461,600 $1,080,200 $1,839,800 Santa Cruz Fire Protection District 14.60% $641,700 $1,501,900 $2,558,300 Fire Allocation to EIFD 30% (4.38%) ($192,500) ($450,600) ($767,500) Net Property Tax to Fire District 10.22% $449,200 $1,051,300 $1,790,800 Notes:

General levy distributions represent tax rate area (TRA) average within boundary Does not include property tax overrides above 1% general levy or allocations to fire districts, County Library, or other entity distributions Select years shown for illustration
Values in 2026 dollars
Source: Santa Cruz County Auditor-Controller (2026)
June 2026 Appendix D Page 7 of 23 Page 67 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Property Tax In-Lieu of Motor Vehicle License Fees (MVLF) Total AV within CITY $3,416,274,402
Current Property Tax In-Lieu of MVLF $1,386,772
Prop Tax In-Lieu of MVLF per $1M of AV $406
Year 1 Year 5 Year 10 Year 20
2027 2031 2036 2046
Estimated Project Assessed Value $63,133,850 $431,242,304 $1,008,566,775 $1,722,973,045 Incremental Property Tax In-Lieu of MVLF to City $25,600 $175,100 $409,400 $699,400 City Allocation to EIFD ($12,800) ($87,550) ($204,700) ($349,700) Net Incremental Property Tax In-Lieu of MVLF to City $12,800 $87,550 $204,700 $349,700 Total AV within COUNTY $58,522,924,161
Current Property Tax In-Lieu of MVLF $42,490,000
Prop Tax In-Lieu of MVLF per $1M of AV $726
Year 1 Year 5 Year 10 Year 20
2027 2031 2036 2046
Estimated Project Assessed Value $63,133,850 $431,242,304 $1,008,566,775 $1,722,973,045 Incremental Property Tax In-Lieu of MVLF to County $45,800 $313,100 $732,300 $1,250,900 County Allocation to EIFD $0 $0 $0 $0
Incremental Property Tax In-Lieu of MVLF to County $45,800 $313,100 $732,300 $1,250,900 Notes:

Select years shown for illustration
Values in 2026 dollars
Source: Santa Cruz County Auditor-Controller (2026)
June 2026 Appendix D Page 8 of 23 Page 68 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Property Transfer Tax
Year 5 Year 10 Year 20
2031 2036 2046
Estimated Assessed Value - For-Sale Residential $237,332,385 $550,266,562 $739,512,245 Estimated Property Turnover Rate 15.0% 15.0% 15.0%
Estimated Value of Property Transferred $35,599,858 $82,539,984 $110,926,837 Estimated Assessed Value - Other Land Uses $193,909,920 $458,300,213 $983,460,800 Estimated Property Turnover Rate 5.0% 5.0% 5.0%
Estimated Value of Property Transferred $9,695,496 $22,915,011 $49,173,040 Estimated Total Value of Property Transferred $45,295,354 $105,454,995 $160,099,877 Total Transfer Tax $1.10 per $1,000 $10,700 $25,200 $54,100 Transfer Tax to City $0.55 per $1,000 $5,300 $12,600 $27,000 Transfer Tax to County $0.55 per $1,000 $5,300 $12,600 $27,000 Notes:

Select years shown for illustration
Values in 2026 dollars
Source: Santa Cruz County Auditor-Controller (2026)
June 2026 Appendix D Page 9 of 23 Page 69 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Sales Tax - Direct / On-Site
Year 5 Year 10 Year 20
Project Component 2031 2036 2046
Retail SF 17,500 SF 35,000 SF 70,000 SF
Portion of Industrial Buildings Generating Local Taxable Sales 75.0% 0 SF 0 SF 0 SF Total Sales-Generating SF 17,500 SF 35,000 SF 70,000 SF Estimated Taxable Sales $300 PSF $6,086,189 $14,111,122 $37,928,336 Sales Tax to City (incl. Measure L/S) 1.75% $106,508 $246,945 $663,746 Use Tax as % of 1% Bradley Burns Sales Tax 12.00% $7,303 $16,933 $45,514 Sales and Use Tax to City - Direct $113,800 $263,900 $709,300 Measure Z Sales Tax to City - Direct 1.25% $76,100 $176,400 $474,100 Sales Tax to County 0.25% $15,200 $35,300 $94,800
Net of Sales Transfer within County (25%) ($3,800) ($8,825) ($23,700) Sales Tax to County $11,400 $26,475 $71,100
Additional Restricted Sales Tax Allocations:

County Measure D Sales Tax - Transportation 0.50% $30,400 $70,600 $189,600 Sales Tax - Metropolitan Transit District 0.50% $30,400 $70,600 $189,600 Sales Tax - Santa Cruz Public Libraries 0.25% $15,200 $35,300 $94,800 Notes:

County General Fund sales tax for Revenue and Taxation Code Section 7203.1 Taxable sales PSF factor escalated 3% annually
Select years shown for illustration.

Values in 2026 dollars.

June 2026 Appendix D Page 10 of 23 Page 70 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Sales Tax - Indirect / Off-Site
Year 5 Year 10 Year 20
2031 2036 2046
Estimated # Employees 192 365 472
Estimated Annual Taxable Retail Spending / Empl. Near Work $6,956 $8,063 $10,837 Estimated Employee Taxable Retail Spending Within City $1,333,499 $2,943,456 $5,111,381 Estimated # Occupied Dwelling Units 645 DU 1,291 DU 2,181 DU Estimated Annual Taxable Retail Spending / HH $48,931 $56,724 $76,233 Estimated Resident Taxable Retail Spending $31,580,977 $73,222,015 $166,252,164 Estimated Capture within City 35.0% $11,053,342 $25,627,705 $58,188,257 Estimated # Occupied Hotel Rooms 84 rooms 210 rooms 210 rooms Estimated Annual Taxable Retail Spending / Room $21,157 $24,526 $32,962 Estimated Resident Taxable Retail Spending $1,777,167 $5,150,560 $6,921,921 Estimated Capture within City 35.0% $622,009 $1,802,696 $2,422,672 Total Estimated Indirect Taxable Sales $13,008,849 $30,373,858 $65,722,311 Less Estimated Capture Within District Retail (10%) ($1,300,885) ($3,037,386) ($6,572,231) Net Indirect Taxable Sales $11,707,965 $27,336,472 $59,150,080 Sales Tax to City (incl. Measure L/S) 1.75% $204,889 $478,388 $1,035,126 Use Tax as % of 1% Bradley Burns Sales Tax 12.00% $14,050 $32,804 $70,980 Sales and Use Tax to City - Indirect $218,900 $511,200 $1,106,100 Measure Z Sales Tax to City - Indirect 1.25% $146,300 $341,700 $739,400 Sales Tax to County 0.25% $29,300 $68,300 $147,900
Net of Sales Transfer within County (25%) ($7,325) ($17,075) ($36,975) Sales Tax to County $21,975 $51,225 $110,925
Additional Restricted Sales Tax Allocations:

County Measure D Sales Tax - Transportation 0.50% $58,500 $136,700 $295,800 Sales Tax - Metropolitan Transit District 0.50% $58,500 $136,700 $295,800 Sales Tax - Santa Cruz Public Libraries 0.25% $29,300 $68,300 $147,900 Notes:

County General Fund sales tax for Revenue and Taxation Code Section 7203.1 Employee spending estimates based on "Office Worker Retail Spending Patterns: A Downtown and Suburban Area Study," ICSC.

Household spending based on average houshold income within City.

Hotel guest spending estimated based on American Hotel and Lodging Association (AHLA) data.

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

June 2026 Appendix D Page 11 of 23 Page 71 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Transient Occupancy Tax ("TOT")
Year 5 Year 10 Year 20
2031 2036 2046
Estimated # Hotel Rooms 120 rooms 300 rooms 300 rooms
Average Daily Room Rate (ADR) $232 $269 $361
Average Occupancy Rate 70% 70% 70%
Annual Hotel Room Receipts $7,108,669 $20,602,238 $27,687,685 TOT to City 11.0% $782,000 $2,266,200 $3,045,600
Notes:

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

June 2026 Appendix D Page 12 of 23 Page 72 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT City Service Population
Approximate City Population 11,831
Approximate City Employment Population 6,876
Employee Weighting for Service Population 0.5
Weighted # Employees 3,438
Total City Service Population 15,269
Source: CA Department of Finance, U.S. Census Bureau Center for Economic Studies June 2026 Appendix D Page 13 of 23 Page 73 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT City Multipler Revenue and Expenditure Factors
Year 5 Year 10 Year 20
Budget Category
Adopted City
Budget Allocation Basis
Relevant City
Population Percent Fixed
Per Capita
Factor
Annual
Escalation 2031 2036 2046
General Fund Revenues
Property Taxes (incl. Tax Equity Allocation) $2,146,976 Estimated Separately via Case Study Method ------------------------------------------------- Property Taxes in lieu of MVLF $1,600,000 Estimated Separately via Case Study Method ------------------------------------------------- Sales & Use Taxes $2,775,000 Estimated Separately via Case Study Method ------------------------------------------------- Sales Tax - Measure Z $4,300,000 Estimated Separately via Case Study Method ------------------------------------------------- Transient Occupancy Tax $2,250,000 Estimated Separately via Case Study Method ------------------------------------------------- Real Property Transfer Tax $100,000 Estimated Separately via Case Study Method ------------------------------------------------- Utility Users Tax $1,350,000 Service Population 15,269 0% $88.41 3.0% $102.50 $118.82 $159.69 Business License Tax $700,000 Employment Base 6,876 0% $101.80 3.0% $118.02 $136.82 $183.87 Charges for Services $1,156,000 N/A - Non-Recurring Revenue ------------------------------------------------------------------------ Fines & Forfeitures $29,000 Service Population 15,269 0% $1.90 3.0% $2.20 $2.55 $3.43 Franchise Fees $1,345,000 Service Population 15,269 0% $88.09 3.0% $102.12 $118.38 $159.09 Intergovernmental $424,500 N/A - Non-Recurring Revenue ------------------------------------------------------------------------ Investment Earnings $200,000 As % of other revenues 20,114,726 N/A 0.99% 3.0% 0.99% 0.99% 0.99% Rents & Concessions $70,000 Residents 11,831 50% $2.96 3.0% $3.43 $3.98 $5.34 Interfund Transfer in $627,750 Service Population 15,269 0% $41.11 3.0% $47.66 $55.25 $74.25 Other Revenues $1,240,500 Service Population 15,269 25% $60.93 3.0% $70.64 $81.89 $110.05 Total General Fund Revenues $20,314,726
General Fund Expenditures
Legislative $140,165 Service Population 15,269 50% $4.59 3.0% $5.32 $6.17 $8.29 Legal $340,500 Service Population 15,269 50% $11.15 3.0% $12.93 $14.98 $20.14 City Manager's Office $1,247,950 Service Population 15,269 50% $40.87 3.0% $47.37 $54.92 $73.81 Administrative Services $5,279,560 Service Population 15,269 50% $172.88 3.0% $200.42 $232.34 $312.25 Police $8,339,791 Service Population 15,269 10% $491.57 3.0% $569.87 $660.63 $887.83 Community Development $1,896,434 Service Population 15,269 50% $62.10 3.0% $71.99 $83.46 $112.16 Public Works $3,919,968 Service Population 15,269 25% $192.55 3.0% $223.21 $258.76 $347.76 Total General Fund Expenditures $21,164,368
Notes:

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: City of Scotts Valley 2025-2026 Adopted Budget
June 2026 Appendix D Page 14 of 23 Page 74 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT City Multipler Revenues and Expenditures
Year 5 Year 10 Year 20
2031 2036 2046
Estimated # Residents 1,620 3,240 5,474
Estimated # Employees 192 365 472
Total Project Service Population 1,716 3,423 5,710
Budget Category 2031 2036 2046
General Fund Revenues
Utility Users Tax $175,900 $406,700 $911,800
Business License Tax $22,600 $49,900 $86,700
Charges for Services $0 $0 $0
Fines & Forfeitures $3,800 $8,700 $19,600
Franchise Fees $175,200 $405,200 $908,400
Intergovernmental $0 $0 $0
Investment Earnings $21,465 $54,327 $99,716
Rents & Concessions $5,600 $12,900 $29,200
Interfund Transfer in $81,800 $189,100 $424,000
Other Revenues $121,200 $280,300 $628,400
Total Multiplier Revenues $607,565 $1,407,127 $3,107,816 General Fund Expenditures
Legislative $9,100 $21,100 $47,300
Legal $22,200 $51,300 $115,000
City Manager's Office $81,300 $188,000 $421,400
Administrative Services $343,900 $795,200 $1,782,900
Police $977,800 $2,261,000 $5,069,300
Community Development $123,500 $285,600 $640,400
Public Works $383,000 $885,600 $1,985,600
Total Multiplier Expenditures $1,940,800 $4,487,800 $10,061,900 Notes:

Major case study revenues not shown include property tax, sales tax, transient occupancy tax Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: City of Scotts Valley 2025-2026 Adopted Budget
June 2026 Appendix D Page 15 of 23 Page 75 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT County Service Population
Approximate County Population 263,710
Approximate County Employment Population 96,917
Employee Weighting for Service Population 0.5
Weighted # Employees 48,459
Total County Service Population 312,169
Source: CA Department of Finance, CA Employment Development Department June 2026 Appendix D Page 16 of 23 Page 76 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT County Multipler Expenditure Factors
Year 5 Year 10 Year 20
Budget Category
Adopted County
Budget Allocation Basis
Relevant
County
Population
Percent Fixed
Costs
Per Capita
Factor
Annual
Escalation 2031 2036 2046
Primary Expenditures - Net County Cost
Public Protection - Incorporated Jurisdiction Estimate $79,734,000 Service Population 312,169 50% $127.71 3.0% $148.05 $171.63 $230.66 Public Protection - Unincorporated Jurisdiction Estimate $53,156,000 N/A - Unincorporated General Government $61,650,000 Service Population 312,169 75% $49.37 3.0% $57.24 $66.35 $89.17 Public Assistance $31,510,000 Resident Population 263,710 50% $59.74 3.0% $69.26 $80.29 $107.90 Health and Sanitation $17,810,000 Service Population 312,169 50% $28.53 3.0% $33.07 $38.34 $51.52 Recreation and Cultural Services $8,220,000 Resident Population 263,710 50% $15.59 3.0% $18.07 $20.95 $28.15 Debt Service $8,220,000 N/A
Reserves $10,960,000 N/A
Public Ways and Facilities $1,370,000 Service Population 312,169 50% $2.19 3.0% $2.54 $2.95 $3.96 Education $1,370,000 Resident Population 263,710 50% $2.60 3.0% $3.01 $3.49 $4.69 Total Net County Cost $274,000,000
Notes:

Public Protection services in incorporated jurisdictions estimated at 60% of total County Public Protection services expenditures Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: County of Santa Cruz 2024-2025 Adopted Budget
June 2026 Appendix D Page 17 of 23 Page 77 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT County Multipler Expenditures
Year 5 Year 10 Year 20
2031 2036 2046
Estimated # Residents 1,620 3,240 5,474
Estimated # Employees 192 365 472
Total Project Service Population 1,716 3,423 5,710
Budget Category 2031 2036 2046
Primary Expenditures - Net County Cost
Public Protection - Incorporated Jurisdiction Esti $254,000 $587,400 $1,317,000 General Government $98,200 $227,100 $509,200
Public Assistance $112,200 $260,100 $590,700
Health and Sanitation $56,700 $131,200 $294,200
Recreation and Cultural Services $29,300 $67,900 $154,100 Public Ways and Facilities $4,400 $10,100 $22,600
Education $4,900 $11,300 $25,700
Total Primary Expenditures $559,700 $1,295,100 $2,913,500 Notes:

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: County of Santa Cruz 2024-2025 Adopted Budget
June 2026 Appendix D Page 18 of 23 Page 78 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Fire Protection District Service Population
Approximate Fire District Population 22,000
Approximate Fire District Employment Population 10,652
Employee Weighting for Service Population 0.5
Weighted # Employees 5,326
Total Fire District Service Population 27,326
Source: CA Department of Finance, CA Employment Development Department June 2026 Appendix D Page 19 of 23 Page 79 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Fire Protection District Multipler Expenditure Factors
Year 5 Year 10 Year 20
Budget Category
Adopted County
Budget Allocation Basis
Relevant
County
Population
Percent Fixed
Costs
Per Capita
Factor
Annual
Escalation 2031 2036 2046
Primary Operating Expenditures
Salaries & Benefits $10,267,226 Service Population 27,326 75% $93.93 3.0% $108.89 $126.24 $169.65 Services & Supplies $1,123,387 Service Population 27,326 25% $30.83 3.0% $35.74 $41.44 $55.69 Other Charges $315,500 Service Population 27,326 50% $5.77 3.0% $6.69 $7.76 $10.43 Fixed Assets $1,000,000 Service Population 27,326 50% $18.30 3.0% $21.21 $24.59 $33.05 Total Primary Operating Expenditures $12,706,113
Notes:

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: Fire Protection District 2024-2025 Amended Budget June 2026 Appendix D Page 20 of 23 Page 80 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Fire Protection District Multipler Expenditures
Year 5 Year 10 Year 20
2031 2036 2046
Estimated # Residents 1,620 3,240 5,474
Estimated # Employees 192 365 472
Total Project Service Population 1,716 3,423 5,710
Budget Category 2031 2036 2046
Primary Operating Expenditures
Salaries & Benefits $186,800 $432,100 $968,700
Services & Supplies $61,300 $141,800 $318,000
Other Charges $11,500 $26,600 $59,500
Fixed Assets $36,400 $84,200 $188,700
Total Primary Operating Expenditures $296,000 $684,700 $1,534,900 Notes:

Adjusted for inflation assuming 3% annual inflation rate.

Select years shown for illustration.

Values in 2026 dollars.

Source: Fire Protection District 2024-2025 Amended Budget June 2026 Appendix D Page 21 of 23 Page 81 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT IMPLAN Inputs
Construction Inputs
Industry NAICS Category
Approximate Inputs
(Industry Spending)
58 - Construction of new multifamily residential structures $1,209,332,500 55 - Construction of new commercial structures, including farm structures $144,500,000 51 - Construction of new manufacturing structures $17,518,400 Ongoing Operation Inputs
Industry NAICS Category
Approximate Inputs
(Employment Change)
507 - Hotels and motels, including casino hotels 200 Jobs 412 - Retail - Miscellaneous store retailers 175 Jobs
422 - Warehousing and storage 58 Jobs
476 - Services to buildings 38 Jobs
June 2026 Appendix D Page 22 of 23 Page 82 of 83
Appendix D to IFP - Fiscal Impact Analysis - Scotts Valley EIFD DRAFT Summary of IMPLAN Economic Benefits
Economic Benefits from Construction (One-Time / Temporary) Employment Labor Income Economic Output
Direct (On-Site) 11,611 $869,352,685 $1,371,350,900
Indirect 885 $63,509,131 $200,950,356
Induced 2,641 $161,730,040 $485,714,553
Total Countywide 15,136 $1,094,591,856 $2,058,015,809
Estimated City Capture 11,787 $880,614,643 $1,405,684,145 Economic Benefits from Ongoing Operation (Annual)
Employment Labor Income Economic Output
Direct (On-Site) 472 $22,471,954 $51,442,665
Indirect 67 $4,858,333 $12,547,043
Induced 73 $4,497,007 $13,503,387
Total Countywide 612 $31,827,294 $77,493,094
Estimated City Capture 479 $22,939,721 $52,745,187
Notes
100% of direct benefits estimated to be captured on-site within the City. 5% of indirect and induced benefits estimated to be captured off-site within the City.

Estimated ongoing benefits upon build-out and stabilization.

June 2026 Appendix D Page 23 of 23 Page 83 of 83