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<br />Trend Scenario except that the additional units are added into the table based on the year <br />estimated for development. Where a demolition of a current residential development is projected, <br />then the current number of units was subtracted from the total against the year of estimated <br />redevelopmen t. <br /> <br />Projected Growth of Concentrated Employment: <br />. A table was created which calculated the number of employees in the City over the twenty year <br />period. The process used for the Concentrated Development Scenario was identical to that used <br />for the Trend Scenario except that: <br />a) assumption was made as redevelopment parcels based upon the City's economic <br />and redevelopment plan and the capital improvement schedule <br />b) the number of jobs to be assigned to each site is the net amount (future estimated # <br />jobs less the current estimated # of jobs) <br />c) the additional jobs are added into the table based on the year estimated for <br />development <br />. A map titled" Concentrated Development 1999~2020" was also produced to graphically depict <br />where these development projects would potentially take place. <br /> <br />Of note: <br />Staff recognizes that this Concentrated Development Scenario implies an unlimited supply of employees <br />and a continuing excellent economic rgdevelopment climate. (Currently, new employees are difficult to <br />recruit, especially with unemployment under 2%. It is also unlikely that the current real estate <br />investment climate will continue, in fact, 1998 new value was below the five year rolling average of $51 <br />million). Therefore, the Concentrated Growth Scenario will be reevaluated on an annual basis by staff <br />based upon current market conditions and the continued public support for redevelopment assistance. <br /> <br />Q:\Special Projects\FISCAL-I\Fiscal Impact Study Procedures.doc <br /> <br />4 <br />