HomeMy WebLinkAboutMP 149Q; VILLAGES OF LA COSTA; FISCAL IMPACT ANALYSIS; 2000-12-19VILLAGES OF LA COSTA
La Costa Greens, La Costa Ridge and La Costa Oaks
Carlsbad, CA
Fiscal Impact Analysis of
Master Plan Amendment 149(Q) and
Related Documents
December 19, 2000
Submitted by:
Real Estate Collateral Management Company
Morrow Development
6965 El Camino Real, Suite 105, PMB 685
Carlsbad, CA 92009
Prepared by:
Onaka Planning & Economics
P.O. Box 12565
La Jolla, CA 92039-2565
TABLE OF CONTENTS
I. EXECUTIVE SUMMARY ...................................................................... I-1
Purpose .............................................................................................. I-1
Project Description ................................................................................ I-1
Fiscal Impact Study Methodology ............................................................... I-2
Summary of Conclusions ......................................................................... I-2
II. FISCAL IMPACT ANALYSIS ................................................................ II-1
Methodology ...................................................................................... II-I
Project Description ............................................................................... II-4
General Fund Revenues .......................................................................... II-5
General Fund Expenditures ..................................................................... II-9
Average Fiscal Impact of Existing Development ........................................... II-I 0
III. REFERENCES ................................................................................... III-I
LIST OF FIGURES
[Figures and tables are appended to the end of each section.]
I-1 Regional Map
II-I The Greens Development Plan
II-2 The Ridge Development Plan
II-3 The Oaks Development Plan
LIST OF TABLES
I-1 Summary of Fiscal Impacts to the Annual Operating Budget of the General Fund by
Project and Alternative
I-2 Summary of Impacts to Annual General Fund Revenues and Expenditures: Proposed
Project
I-3 Summary of Impacts to Annual General Fund Revenues and Expenditures: Proposed
Project Excluding Affordable Housing
II-I La Costa Greens: Proposed Buildout Program
II-2 La Costa Ridge/Oaks: Proposed Buildout Program
II-3 La Costa Greens: Distribution of Development by Tax Rate Area
II-4 La Costa Ridge/Oaks: Distribution of Development by Tax Rate Area
II-5 Population, Housing and Land Use in the City and the Project
II-6 City of Carlsbad General Fund Revenues, FY 2000-01
II-7 City of Carlsbad General Fund Expenditures, FY 2000-01
II-8 Estimated Citywide General Revenues and Expenditures of Residential, Commercial and
Industrial Development (FY 2000-01)
OP/E 158 VLC_FIS_T2 I Villages of La Costa FIS
I. EXECUTIVE SUMMARY
I. EXECUTIVE SUMMARY
Purpose
The purpose of this study is to estimate fiscal impacts of a master plan amendment and related
planning documents for La Costa Greens, La Costa Ridge, and La Costa Oaks, which are three
of the Villages of La Costa located in southeastern Carlsbad (Figure 1-1; figures and tables are
appended to the end of each section in the order referenced). La Costa Greens is located in the
city's Local Facilities Management (LFM) Zone 10, while La Costa Ridge and La Costa Oaks are
located in LFM Zone 11. Planning documents to be submitted to the City of Carlsbad consist of
an amendment to the previously approved La Costa Master Plan (MP 149), revision of Villages
of La Costa Master Plan (MP 98-01), a General Plan amendment, an amendment to Local
Facilities Management Plan (LFMP) Zone 11, a LFMP for Zone 10, and two Master Tentative
Subdivision maps, together with associated approvals. The fiscal impact study is intended to
accompany the submission of these documents, as required by Section 21.38.060 (2)(B) of the
Carlsbad Municipal Code.
The owner/applicant of the proposed project is Real Estate Collateral Management Company, a
Delaware corporation, whose agent, Morrow Development, is located at 2300 Alga Road,
Carlsbad, CA 92009.
Project Description
La Costa Greens .
La Costa Greens is a 660-acre planned development in LFM Zone 10, located east of El Camino
Real and north of Alga Road. There are 1,038 housing units in 13 planning areas of residential
development, approximately 8 acres of business park, elementary school, park, community
facilities, and 246 acres of open space. The residential development consists primarily of detached
single family housing, with three planning areas of attached housing, including affordable units.
La Costa Ridge and La Costa Oaks
La Costa Ridge, located west of San Marcos Creek, and La Costa Oaks, located east of the creek,
together comprise a 1,206-acre planned development in LFM Zone 11, located south of Alga Road
OP/E 158 VLC_FIS_M2 1-1 Villages of La Costa FIS
and both east and west of Rancho Santa Fe Road. The two villages contain 1,360 housing units,
community facilities, and 619 acres of open space; there are no commercial or industrial uses.
Fiscal Impact Study Methodology
Impact on the General Fund
The fiscal impact study examines the effect of the proposed project on the annual revenues and
expenditures of the city's general fund. Effects on special funds and enterprise funds are likely
to be neutral, since charges would be levied on the project to cover the full cost of services
provided by those funds. Effects on capital funds are discussed in Local Facilities Management
Plan for Zone 10 and the amended LFMP for Zone 11. Consequently, this study does not address
potential impacts to the city's special funds, enterprise funds, or the capital improvement program.
Average vs. Marginal Cost Analysis
This study analyzes average costs, based on projected revenues and expenditures of the city's
general fund for the current fiscal year (FY) 2000-01. When there is sufficient unused capacity
remaining in the city's public service infrastructure or when any required infrastructure
improvements are fully funded, average cost analysis is more conservative than marginal cost
analysis, because revenues generated by the project are assumed to cover not only the incremental
cost of additional services, but also a pro rata share of fixed costs such as general government,
maintenance of public buildings and grounds, and other citywide services.
Inflation
Revenues and expenditures are estimated at buildout of the project, but computed in terms of year
2000 dollars, except when the most recent data available are for previous years and when the use
of such data does not lead to a significant bias in the analysis.
Summary of Conclusions
At buildout, estimated expenditures from the general fund to provide public services to the
proposed project would exceed estimated revenues by $226,200 per year (Table I-1). La Costa
Greens would have a slightly positive impact ($24,200 per year), while La Costa Ridge and Oaks
would have a negative impact (minus $250,400 per year). Comparing only the residential portions
of these projects, La Greens has an average impact of positive $10 per unit per year, while La
Costa Ridge and Oaks have an average impact of negative $184 per unit per year (Table I-2). The
OP/E 158 VLC_FIS_M2 I-2 Villages of La Costa FIS
negative impact, however, is less in absolute value than the average impact of negative $426 per
unit for all residential units in the city ( discussed in Section II).
The proposed project contains a total of 359 affordable housing units-180 units in La Costa
Greens and 179 units in La Costa Oaks, of which 8 are secondary units attached to large single
family units. Together, affordable housing units generate a negative fiscal impact of approximately
$222, 700 per year (Table 1-1). This results from the assumption that an affordable housing unit
would require the sa,ne level of public services as a market unit, while generating substantially
less property tax revenues. When only market housing and business park are considered, La Costa
Greens would generate a positive fiscal impact of $128,000 per year, and La Costa Ridge and
Oaks would generate a negative fiscal impact of $131,500 per year, which is slightly over one-half
of the impact when affordable housing is included. Without affordable housing the project as a
whole would have an essentially neutral impact (negative $3,500 per year) in the city's general
fund operating budget.
The different fiscal impacts of La Costa Greens and La Costa Ridge/Oaks reflect in part the
different development programs of these villages -for example, La Costa Greens contains a
business park, while La Costa Ridge and Oaks do not. More importantly, the villages differ in the
shares of the 1 % property tax received by the City of Carlsbad. On average, the city receives
about 18.5 % of the 1 % tax, but this share varies substantially by tax rate area. The average share
in La Costa Greens is slightly higher than the citywide average, about 19.4%, while the average
in La Costa Ridge and Oaks is much lower, at 13 .1 % . If the average share in the latter two
villages were as high as the citywide average, property tax revenues received by the city would
be higher by $344,000, which would be more than sufficient to offset the estimated negative
impact discussed above.
When all three villages are considered, property and sales taxes represent the largest sources of
revenues to the general fund, followed by state grants of vehicle license fees and franchise taxes
(Table 1-2). The largest expenditure category is public safety (police and fire protection), followed
by community services (library, cultural arts, and parks and recreation) and public works,
including street and facilities maintenance.
For comparison, estimated fiscal impacts of only the market housing and business park are shown
in Table 1-3. The fiscal impact of market housing in La Costa Greens is positive $114,400 per
year. Combined with positive impact of the business park, total impact would be positive
$128,000 per year. The average fiscal impact of market housing in La Costa Ridge and Oaks
OP/E 158 VLC_FIS_M2 1-3 Villages of La Costa FIS
would be negative $111 per unit per year, or about a quarter of the average impact of existing
housing in the city.
Fiscal Impacts Under Alternative Development Scenarios
Estimated fiscal impacts under two alternative development scenarios are shown in Table 1-1.
Under Alternative 1, the proposed elementary school would be relocated from planning area (PA)
1.4 to PA 1. 7. As a result, the number of single family dwelling units that could be constructed
in the latter planning area declines from 127 to 80 units. Overall fiscal impact would increase
slightly in magnitude to negative $228,300 per year, compared to negative $226,200 under the
proposed project.
Under Alternative 2, 8 secondary (affordable) units in PA 3.14 would not be constructed. Instead,
8 townhome units in PA 2.6 would be converted to affordable units. In comparison to the
proposed project, overall fiscal impact would decline slightly in magnitude to negative $223,800
per year.
Other Financial Contributions of Proposed Project
It should be noted that the proposed project will provide financial contributions to the city in areas
other than the general fund operating budget. They include:
• Maintenance of median landscaping in Rancho Santa Fe Road adjacent to La Costa
Oaks -The proposed villages will be a part of and contribute funds toward an
existing Lighting and Landscape Maintenance District Zone M for street medians. By
using private funds to maintain median landscaping in Rancho Santa Fe Road, the
proposed project would reduce the future maintenance obligation of the assessment
district, while contributing $8.34 per single family unit per year (and a smaller
amount by multifamily units, depending on density) toward the maintenance of median
landscaping, or over $16, 700 per year from the proposed project. 1
• Excess parkland dedication -The proposed project will dedicate 32.9 acres of
parkland (Alga Norte Park) to the city, or 16.28 acres in excess of that required to
serve the project. According to the 1996 Parks Agreement, the excess parkland will
1 $8.34 per single family unit times 1,796 units, plus an assumed average of $3.00 per multifamily unit
times 594 units (excluding secondary units).
OP/E 158 VLC_FIS_M2 1-4 Villages of La Costa FIS
be sold to the city at $175,000 per acre. However, since comparable land is current! y
valued at $650,000 per acre, the agreed price represents a below-market sale, with a
total benefit of $7,730,000 to the city.
• Interest-free loan toward purchase of natural habitat lands -The proposed project,
as part of the Villages of La Costa master plan area, will advance to the city
approximately $3.2 million, without interest, toward purchase of natural habitat lands
required for city projects, including the Habitat Management Plan (the city's Natural
Community Conservation Plan).
The proposed project will thus make substantial contributions toward construction and maintenance
of public facilities in the city, separately from any impacts to the general fund.
OP/E 158 VLC_FIS_M2 I-5 Villages of La Costa FIS
THE VILLAGES OF LA COST A
Figure 1-1
REGIONAL
MAP
Table 1-1
SUMMARY OF FISCAL IMPACTS ON THE ANNUAL OPERATING BUDGET
OF THE GENERAL FUND BY PROJECT AND ALTERNATIVE
(In thousands of dollars)
Proposed Project
Market housing
Business park
Subtotal
Affordable housing (see note below)
Total
Alternative 1
Elementary school located on a portion of
Neighborhood 1.7; reduced housing
Alternative 2
8 units in PA 2.6 converted to affordable
housing; school as in proposed project
La Costa
Greens
$114.4
13.6
$128.0
{103.8)
$24.2
$22.2
$24.2
La Costa
Ridge and
Oaks
($131.5)
($131.5)
{118.9)
($250.4)
{$250.4)
{$248.0)
Total
($17.1)
13.6
($3.5)
{222.7)
($226.2)
{$228.3)
{$223.8)
Note: Under proposed project and Alternative 1, affordable housing is located in PA 1.15 (180 units),
PA 3.6 (171 units), and PA 3.14 (8 secondary units). Under Alternative 2, there are no
secondary units in PA 3.14; instead, 8 townhome units in PA 2.6 are developed as affordable
housing.
Table 1-2
SUMMARY OF IMPACTS TO ANNUAL GENERAL FUND REVENUES AND
EXPENDITURES:PROPOSEDPROJECT
(x $1000, except as noted)
Total LC
La Costa Greens La Costa Greens,
Industrial Ridge and Ridge
Residential /R&D Total Oaks and Oaks
Revenues
Property Tax-Secured $826.7 $29.4 $856.1 $832.1 $1,688.2
Unsecured 2.9 2.9 2.9
Sales Tax 176.0 27.2 203.2 230.5 433.7
Franchise Tax 60.6 4.1 64.7 79.4 144.2
Real Property Transfer Tax 42.3 1.5 43.8 42.6 • 86.4
Business License Tax 11.7 11.7 11.7
Vehicle License (In-Lieu) 110.8 0.0 110.8 145.1 255.9
Other State Subventions 26.0 0.0 26.0 34.1 60.2
Total $1,242.4 $76.8 $1,319.2 $1,363.9 $2,683.1
Expenditures
Policy and Leadership Group $17.3 $1.2 $18.5 $22.7 $41.2
Administrative Services 34.0 2.3 36.3 44.5 80.8
Public Safety 456.6 30.8 487.3 598.2 1,085.5
Community Development 62.4 4.2 66.6 81.7 148.3
Community Services 282.3 0.0 282.3 369.9 652.2
Public Works 202.0 13.6 · 215.7 264.7 480.4
Cr. for private street maint. [1] (6.3) 0.0 (6.3) (7.7) (14.0)
Non-Departmental 109.4 7.4 116.8 143.4 260.2
Contingency 74.0 3.8 77.8 97.0 174.7
Total $1,231.7 $63.3 $1,295.0 $1,614.3 $2,909.3
Net Surplus or (Deficit) $10.6 $13.6 $24.2 ($250.4) ($226.2)
Surplus or Deficit per Unit $10 $1,776 ($184)
or Acre{$} /DU /Ac. /DU
Source: Tables 11-1 through 11-7; Onaka Planning & Economics.
1. Estimated cost of maintaining private streets, not charged to General Fund.
Table 1-3
SUMMARY OF IMPACTS TO ANNUAL GENERAL FUND REVENUES AND
EXPENDITURES: PROPOSED PROJECT EXCLUDING AFFORDABLE HOUSING
(x $1 000, except as noted)
Total LC
La Costa Greens La Costa Greens,
Industrial Ridge and Ridge
Residential / R&D Total Oaks and Oaks
Revenues
Property Tax--Secured $782.7 $29.4 $812.2 $803.3 $1,615.4
Unsecured 2.9 2.9 2.9
Sales Tax 145.4 27.2 172.6 200.2 372.8
Franchise Tax 50.1 4.1 54.2 69.0 123.2
Real Property Transfer Tax 40.0 1.5 41.5 41.1 82.6
Business License Tax 11.7 11.7 11.7
Vehicle License (In-Lieu) 91.6 0.0 91.6 126.0 217.6
Other State Subventions 21.5 0.0 21.5 29.6 51.2
Total $1,131.4 $76.8 $1,208.3 $1,269.2 $2,477.5
Expenditures
Policy and Leadership Group $14.3 $1.2 $15.5 $19.7 $35.2
Administrative Services 28.1 2.3 30.4 38.7 69.0
Public Safety 377.4 30.8 408.2 519.5 927.6
Community Development 51.6 4.2 55.8 71.0 126.7
Community Services 233.4 0.0 233.4 321.2 554.6
Public Works 167.0 13.6 • 180.6 229.9 410.5
Cr. for private street maint. [1] (6.3) 0.0 (6.3) (7.7) (14.0)
Non-Departmental 90.5 7.4 97.8 124.5 222.3
Contingency 61.1 3.8 64.9 84.1 149.0
Total $1,017.0 $63.3 $1,080.3 $1,400.7 $2,481.0
Net Surplus or (Deficit) $114.4 $13.6 $128.0 ($131.5) ($3.5)
Surplus or Deficit per Unit $133 $1,776 ($111)
or Acre($) /DU /Ac. /DU
Source: Tables 11-1 through 11-7; Onaka Planning & Economics.
1. Estimated cost of maintaining private streets, not charged to General Fund.
II. FISCAL IMPACT ANALYSIS
II. FISCAL IMPACT ANALYSIS
This section describes the methodology, assumptions, and estimated average revenues and
expenditures used in the analysis.
Methodology
The operating budget of the City of Carlsbad is divided into general, special revenue, enterprise,
and other funds (City of Carlsbad, 2000). Funds other than the general fund are self-supporting;
that is, revenues are collected to balance expenditures, hence would not be affected by the
proposed project. (Impacts to the city's capital improvement program are examined in the
previously approved Local Facilities Management [LFM] Plan for Zone 10 and in the proposed
LFM Plan Amendment for Zone 11, hence are not addressed in this study.) Within the general
fund, certain city functions and services are partially or sometimes entirely self-supporting through
the collection of fees or charges from the users of those services. Such fees and charges are here
termed functional revenues and distinguished from general or unrestricted revenues, such as
property and sales taxes. 2
This study focuses on unrestricted revenues and public services funded by those revenues. To do
this, the analysis (1) excludes all funds other than the general fund and (2) offsets or subtracts
functional revenues from both the revenues and expenditures of the general fund.
Equivalent Dwelling Units
Some municipal services benefit primarily the residents of the City of Carlsbad. Examples are
libraries, cultural arts, parks and recreation services. Average costs of these services are defined
in terms of cost per capita. Other services, such as general government and public safety, benefit
both the residents of the city and other developed land uses, including commercial and industrial
uses. In computing average costs for the latter group of services, this study relies on the concept
of equivalent dwelling units (EDU). Under this approach, it is assumed that one EDU of
2 "Financial Transactions Concerning Cities of California," prepared annually by the State Controller's
Office, defines functional revenues as those "that can be associated with and allocated to one or more
expenditure function and meet one of the following criteria: (1) The revenue is generated from direct services,
such as revenues from fees or charges; (2) The revenue is associated with a specific service by external
requirements, such as grant conditions, bond sale agreements, statutory or charter requirements."
OP/E 158 VLC_FIS_M2 II-1 Villages of La Costa FIS
developed residential use and one EDU of developed non-residential use will require the same
expenditure of funds for public services which are provided to these uses.
For residential development, each housing unit is represented as one EDU. That is, it is assumed
that both single family unit and multifamily unit will require similar levels of public services. For
non-residential development, equivalent dwelling units are computed for two categories of land
use: (1) commercial retail and office and (2) industrial. This division follows the available data
on existing land use published by the San Diego Association of Governments (SANDAG).
However, it should be noted that SANDAG's definition of industrial land includes a range of uses
from heavy industrial uses, such as manufacturing, to light industrial uses, such as research and
development. In Carlsbad, the most prevalent activities on land classified as industrial are light
industrial, research and development, and low-rise office buildings.
For this analysis, non-residential EDUs are calculated in two steps. First, total EDUs for
commercial and industrial land uses in the city are calculated based on three factors which indicate
demand for public services by those uses relative to demand by residential areas. These factors
are employment, net developed land area, and assessed value.
Employment. Periodically, SAND AG conducts an employment inventory by workplace. This
inventory is similar to the U.S. Bureau of Census's economic censuses, which estimate
employment at workplace, in contrast to estimates of labor force which are based on the census
of population. The latest data (SANDAG, 1997b) indicate that there were 36,830 workers
employed at 3,295 sites in Carlsbad in 1995. By industry, there were 9,477 workers in
manufacturing; 1,917 in wholesale trade; 7,346 in retail trade; 2,556 in finance, insurance and
real estate (FIRE); 9,985 in services; 2,043 in government; and 3,506 workers in other industries,
including agriculture, construction, transportation and utilities. For purposes of this analysis, it
is assumed that employment in retail trade and FIRE and one-half of service employment occur
on commercial land, while employment in manufacturing and wholesale trade and the other one-
half of service employment occur on industrial land. Accordingly, employment on commercial
retail/office land is estimated to be 14,895 ( = 7,346 + 2,556 + 9,985 / 2), while employment
on industrial land is estimated to be 16,387. Carlsbad's resident population in 1995 was 68,064.
Assuming that it is necessary to provide some public services equally to a worker and a resident,
the ratio of employment to resident population is one indicator of public service demand by
existing non-residential developments relative to residential areas of the city. Based on the above
OP/E 158 VLC_FIS_M2 II-2 Villages of La Costa FIS
data, the ratios are 21.88% (= 14,895 / 68,064) for commercial employment and 24.08% for
industrial employment.
Developed La.nd Use. SANDAG also conducts inventories of existing land use in San Diego
County and its cities. According to the latest study ofland use distribution in 1995 (SANDAG,
1997a), the City of Carlsbad in 1995 contained 4,506 acres3 of residential use, 642 acres of
commercial retail and office uses, 690 acres of industrial use, 3,612 acres of public facilities and
utilities, and 3,097 acres of parks and recreation. Excluding vacant and agricultural lands,
developed land in the city totaled 12,547 acres.
Some public services, such as police patrols or general planning functions (i.e., those not directed
toward specific project areas), are provided in approximate proportion to land area. Demand for
these services by commercial land uses in the city is estimated to represent 14.25 % ( = 642 /
4,506) of the demand generated by residential areas, and demand by industrial land uses, 15.31 %.
These figures provide a second method of estimating the ratio of non-residential to residential
EDUs in the city. (For this analysis, it is assumed that the cost of providing public services to
public facilities, utilities, and parks is borne by tax-generating land uses, i.e., residential,
commercial, and industrial.)
Assessed Value. Assessed values used for property taxation, if they accurately reflect current
market values, provide an altern2tive measure of demand for public services. That is, given other
things equal, property values indicate private investment of economic resources requiring public
protection and other services. A shortcoming of assessed value is that, since the passage of
Proposition 13, assessed values of long-held properties have diverged substantially from current
market values. Nevertheless, if there are similar rates of new residential and non-residential
construction, as has been the case in Carlsbad, assessed values can provide an alternative method
of calculating relative demands for public services by existing residential and non-residential
developments in the city. Assessed value, however, is not an accurate indicator of EDU of a new
project in comparison to existing projects.
According to San Diego County Assessor's Office, total assessed value in Carlsbad in 1999 was
$8,567.0 million (County of San Diego, 1999). Excluding agricultural and other vacant land,
assessed value of residential properties totaled $5,893.7 million, commercial properties, $1,030.7
million, and industrial properties, $744.5 million. Accordingly, commercial properties represented
3 Unlike previous inventories, the 1995 inventory reports net acres of land use, excluding local streets.
OP/E 158 VLC_FIS_M2 II-3 Villages of La Costa FIS
17.49% {= 1,030.7 / 5,893.7) of the assessed value of residential properties, and industrial
properties, 12. 63 % .
Estimated EDUs of Non-residential Developments. Assuming that the three factors discussed
above are given equal weights in estimating the demand for public services, the ratio of total
EDUs of non-residential to those of residential developments in the city is calculated as a
geometric mean of the ratios of those factors. The ratio of commercial retail and office ED Us to
residential EDUs is 17.6% (= [21.88% x 14.25% x 17.49%]113), and the corresponding ratio of
industrial to residential developments is 16.7%. Since there were 33,680 dwelling units in the city
in January 2000, total EDUs for commercial developments is 5,928 (= 33,680 x 17.6%), and that
for industrial developments, 5,624. Geometric, rather than arithmetic, mean is used for these
calculations, since the component factors are ratios, not physical units.4
Project Description
Proposed Project
The proposed project consists of three villages in Villages of La Costa, a master-planned
residential development in southeastern Carlsbad, located in Local Facilities Management (LFM)
Zones 10 and 11 (Figures II-1, II-2, II-3). Proposed buildout program for La Costa Greens is
shown in Table II-1 and that for La Costa Ridge and Oaks in Table II-2. Approximate
distributions of proposed development by the County Assessor's parcels and tax rate areas are
shown in Tables II-3 and II-4.
La, Costa Greens. This village, located north of Alga Road and east of El Camino Real, contains
1,038 housing units, including 180 units of affordable housing (assumed to be rental units), and
a proposed business park (7.9 gross acres; 7.7 net developable acres) with a potential development
of 137,650 sq. ft. Other land uses of note are an elementary school, community facilities, and
open space. Under discussion with Carlsbad Unified School District is an alternative location of
the elementary school in Planning Area 1.7, which, if implemented, would reduce the number of
housing units in the planning area from 127 to 80 units (from 1,038 to 991 units overall); under
this alternative, Planning Area 1.4 would have an open space use, such as a community park.
4 Using historical data from 1995 (the most recent available for employment and land use) along with
current data on population, housing, and assessed values assumes that ratios of employment to resident
population or those of developed commercial and industrial land to residential land have remained unchanged
since 1995.
OP/E 158 VLC_FIS_M2 II-4 Villages of La Costa FIS
Excluding open space, proposed development is distributed over nine Assessor's parcels and five
tax rate areas (TRAs). The share of the 1 % property tax received by the city in these TRAs ranges
from 12.61 % to 20.29% (rounded). Weighted by the estimated market values of development,
the average share is 19 .45 % .
La, Costa Ridge and Oaks. La Costa Ridge is located south of Alga Road and west of San Marcos
Creek; La Costa Oaks is located east of San Marcos Creek and on both sides of Rancho Santa Fe
Road. These villages together contain 1,360 housing units, including 179 units of affordable
housing, community facilities, and open space, but no commercial or industrial uses. La Costa
Ridge has a lower average density (2.3 units per net residential acre) than La Costa Oaks (3.2
units per net acre). 171 affordable housing units are located in planning area (PA) 3.6 and 8
secondary units in PA 3.14. Under an alternative development scenario, there would not be any
secondary units, and 8 townhome units in PA 2.6 would be converted from market to affordable
housing.
Excluding open space, development is distributed over 24 Assessor's parcels and 10 tax rate areas
(Table 11-4). The share of the 1 % property tax received by the city in these TRAs ranges from
9.00% to 19.30% (rounded). Weighted by the estimated market values of development, the
average share is 13 .08 % , or about two-thirds of the average share of taxes collected in La Costa
Greens.
Equivalent Dwelling Units of Proposed Project. EDUs of the proposed project are shown in Table
11-5. As in the case of the city (see above), each residential unit is assigned one EDU. For the
business park development, both employment and net land area are considered. The project's
estimated employment is 275 persons, based on average employment density of one person per
800 sq. ft. (see previous Table II-1). Compared to citywide totals, the proposed project would
increase industrial employment by 1. 4 % and total land area of industrial development by 1. 1 % .
By taking a geometric mean of these factors, it is estimated that the project would increase
industrial EDUs in the city by 1.2% (= [1.4% x 1.1 %]112), or by 70 EDUs. As noted above, the
project's estimated assessed values, which reflect current market values, are not used in the
calculation of ED Us, since total assessed values in the city do not reflect current market values.
General Fund Revenues
Estimated total general fund revenues to the city in FY 2000-01 is $74,258,000 (Table 11-6).
Functional revenues of $14,476,000 would be generated by fees and charges for services,
OP/E 158 VLC_FIS_M2 11-5 Villages of La Costa FIS
including planning and construction permits and interdepartmental charges. Following the
methodology described above, these are identified as functional or cost recovery revenues and are
used to offset expenditures. Subtracting functional revenues, unrestricted revenues available for
general public services total $59,782,000.
Estimates of citywide, average revenues and bases for calculating revenues from the proposed
project are also shown in Table II-6. The revenues which would result from the proposed project
are discussed below.
• Property, property transfer, and sales taxes
• Franchise tax
• Business license tax
• Vehicle license tax
• Other State subventions
Property Tax
The city's 2000-01 budget anticipates that it will receive on average 18.5% of the 1 % property
tax revenues collected in the city.5 This rate can vary substantially in different tax rate areas
(TRAs) of the city, as discussed above.
Projected sales prices of market housing (i.e., single-and multifamily units) were estimated by
the project applicant (see previous Tables II-1 and II-2). Price of affordable multifamily rental unit
was estimated as follows. The city requires a minimum of 15 % of residential development to be
affordable to low income households earning 80 % of the median household income in San Diego
County. In 1999, median household income in San Diego County was $43,617 (SANDAG, 1999).
A low income household would have 80% of the median income, or $34,894. Assuming that 30%
of gross income would be spent on housing, annual expenditure for rent would be $10,468. With
a gross income multiplier of 12, market value of this unit is $125,600 (rounded). A secondary
(affordable) unit attached to a large single family unit is assumed to be valued at $70,000.
Average assessed value of business park/industrial development was assumed to be $ 110 per sq.
ft. Total secured taxable value of La Costa Greens at buildout is estimated to be $440,246,500,
5 Projected revenues from property taxes in FY 1999-2000 total $16,900,000 (City of Carlsbad, 2000),
generated from locally assessed tax base of $8,713,534,437 (secured) and $422,808,903 (unsecured), or total
assessed value of $9,136,343,340.
OP/E 158 VLC_FIS_M2 II-6 Villages of La Costa FIS
including $15,141,500 for the business park. Unsecured assessed value associated with the
business park is assumed to be 10 % of secured values. 6 Total secured taxable value of La Costa
Ridge and Oaks at buildout is estimated to be $635,597,600.
Sales Tax
The city's share of sales tax revenues equals 1 % of all taxable transactions in the city. There are
two broad categories of taxable transactions, retail sales and non-retail sales. Retail taxable
transactions can be further classified into purchases by the residents of Carlsbad and purchases by
non-residents.
Taxable Retail Transactions. Average taxable retail purchase by resident households in Carlsbad
in 2000 is estimated to be $16,951 per year; this was calculated as follows. According to the U.S.
Bureau of Labor Statistics, average annual expenditures by households in San Diego County in
1997-98 totaled $37,974.7 Of this amount, generally taxable expenditures totaled $10,261, 8 and
other partially taxable expenditures totaled $6,940.9 Assuming that one-third of the latter
purchases are taxable, average taxable expenditure per household in the county in 1997-98 was
$12,574 (= 10,261 + 6,940/3). Adjusted for inflation, average taxable expenditures in the county
in 2000 is estimated to be $13,113.10 Median household income in Carlsbad, however, is
approximately 29.27% higher than median household income in the county.11 Taking this
difference into account, average taxable expenditure in Carlsbad is estimated to be $16,951 per
household (= $13,113 x 1.2927), and average sales tax revenues to the city, $169.51 per
household per year.12
6 In 1999, total unsecured assessed value in the city was approximately 24% of the total secured assessed
values of commercial and industrial properties.
7 U.S. Bureau of Labor Statistics, 1997-98 Consumer Expenditure Survey.
8 Examples include food away from home, household furnishings and supplies, apparel and services,
vehicle purchases, and gasoline and motor oil.
9 Examples include food at home, housekeeping operations, other vehicle expenses, and entertainment.
10 Based on change in the consumer price index for all urban consumers in the Los Angeles-Riverside-
Orange County area, from 161.0 in January 1998 to 167.9 in January 2000 (U.S. Bureau of Labor Statistics).
11 1999 median household income of $56,383 in Carlsbad, compared to $43,617 in the county.
12 It should be noted that this definition of average taxable expenditure per household matches expenditures
by the city's residents at stores outside the city with a portion of expenditures by non-residents at stores located
in the city.
OPIE 158 VLC_FIS_M2 11-7 Villages of La Costa FIS
Accordingly, sales tax revenues from purchases by resident households in Carlsbad is estimated
to total $5,709,097 (= $169.51 x 33,680 households), or about 27.88% of total estimated sales
tax revenues for FY 2000-01 ($20,475,000).
The remainder, or 72.12 % , of taxable retail transactions are due to purchases by non-residents.
These transactions are not considered in this analysis, since the proposed project does not contain
any retail establishments.
Taxable Non-retail Transactions. In 1998 taxable, non-retail transactions accounted for 23.97%
of total taxable transactions (State Board of Equalization, 1998). Examples of non-retail
transactions include sales of materials and equipment at construction sites and final sales by
manufacturers or distributors. Some of these sales take place at office and industrial buildings
throughout the city, though volume and frequency are not known. It is assumed for this analysis
that one-half of non-retail sales tax revenues in the city are generated in industrial/R&D buildings,
or an average of approximately $3,556 per acre(= 23.97% x 50% x $20,475,000 I 690 acres).
At an average floor/area ratio (FAR) of 30%, this translates to sales tax revenue of $0.27 per sq.
ft. per year.
Franchise Tax
Utility franchise taxes are paid by both households and businesses. It is assumed here that tax
payments are proportional to equivalent dwelling units. The average revenue in FY 2000-01 is
$58.41 per EDU.
Real Properly Trans/ er Tax
In Carlsbad, real property transfer tax is levied on property value appreciation realized at sale,
compared to the value at previous transfer. The level of tax collection can vary depending on the
rate of appreciation in the price of existing properties and on the number of sales. Revenue for FY
2000-01 is projected to average 5 .12 % of total property tax revenues.
Business License Tax
On average, it is anticipated that the city would collect $166.55 of business license per EDU of
commercial and industrial development.
OP/E 158 VLC_FIS_M2 11-8 Villages of La Costa FIS
State Subventions
The city's share of vehicle license (in-lieu) taxes is assumed to vary in proportion with population.
Estimated revenues in FY 2000-01 are $46.04 per capita. Other subventions are anticipated to
average $10.83 per capita.
General Fund Expenditures
All departments and expenditure categories were included for analysis, except for a portion of the
non-departmental budget. Total general fund expenditures projected for FY 2000-01 is
$71,591,390 (Table II-7). After subtracting functional revenues ($14,476,000; see Table II-6),
one-half of the non-departmental budget ($4,768,625), and the portion of the contingency budget
corresponding to the excluded items ($1,229,754), net expenditures funded from unrestricted
revenues are projected to total $51, 117,011.
Expenditure categories were divided into two groups, based on who would benefit from the
services represented by those expenditures. General public services, such as general government
and public safety, are assumed to benefit all land uses. Demand for these services is estimated
based on equivalent dwelling units (EDUs). Public services which are directed primarily to
residents of the city, such as library and recreation services, are estimated based on population.
In order to estimate the unit costs of public services, expenditures are first adjusted for any fees
or charges received for services. For example, the Community Development Department is
projected to spend $5,130,400 in FY 2000-01. However, the department is projected to generate
$2,412,000 in fees, leaving $2,718,400 to be funded from unrestricted revenues. This represents
the planning and building-related activities which are performed for the general benefit of the city.
Street Maintenance-Credit
The general fund budget includes $2,233,137 to maintain 303 miles of streets, 13 at an average
maintenance cost of $7,370.09 per mile. The fiscal impact model assumes that new development
would result in additional maintenance expenditure by the city, both by increasing the miles of
streets to be maintained and increasing the usage of existing streets. Some of the streets in the
proposed residential villages, however, will be privately maintained, hence they will not impact
the maintenance budget of the general fund. To account for this, expenditure savings are
calculated as one-half of the average street maintenance cost per mile times the length of private
13 Statistical information contained in 1998-1999 Operating Budget and Capital Improvement Program.
OP/E 158 VLC_FIS_M2 II-9 Villages of La Costa FIS
streets in the proposed project (1.7 miles in La Costa Greens and 2.1 miles in La Costa Ridge and
Oaks) and subtracted from the estimated impact to the public works component of the general
fund. The other one-half is assumed to be needed to maintain a small amount of public streets in
the project and to increase the maintenance of existing streets.
Non-Departmental
Non-departmental activities include general service functions, such as animal regulation and
property tax administration. However, this category also includes special functions which would
not be related specifically to new development. For this analysis, one-half of the non-departmental
budget was assumed to be impacted by the project.
Contingency
The city's preliminary general fund budget contains a contingency of $4,300,000, or 6.39% of
all other projected expenditures. Assuming that this represents a potential additional cost of public
services, similar contingency is added to estimated expenditures for the proposed project. If the
contingency is not used, either the project's net surplus would increase, or any deficit would
decrease.
Unit Costs of Public Services
Unit costs of providing public service are also summarized in Table II-7. These costs total $849 .42
per equivalent dwelling unit and $117. 34 per capita, plus contingency of 6. 39 % . Average public
service cost, including contingency, for a residential unit with 2.3178 persons is estimated to be
$1,193.06 per unit (= [$849.42 + 2.3178 x $117.34] x 1.0639). Average cost for a non-
residential development is estimated to be $903.70 per EDU(= $849.42 x 1.0639).
Average Fiscal Impact of Existing Development
Table 11-8 summarizes the average fiscal impacts of existing residential, commercial retail/office,
and industrial developments in the city. Application of revenue and expenditure assumptions
discussed above to existing developments results in an average impact of negative $426 per
residential unit, but positive $2,920 and $829 per acre, respectively, for commercial and industrial
developments. The negative impact of residential development (totaling $14.3 million citywide)
is thus more than offset by sales tax revenues from net purchases by non-residents ($9.8 million)
and transient occupancy tax ($8.8 million).
OP/E 158 VLC_FIS_M2 11-10 Villages of La Costa FIS
1.1
BUSINESS -PARK ~
1.2
COMMUNITY
FACILITIES
1.3 ,;
TOWN HOMES/ ,~
SMALL LOT , .:':
I ./'
-~"
~ ~ ~ ~,
\ '\ \ \
1.5 .
PUBLIC ,,_ ..
0MMUNITY •,
PARK
/2./----:-./.t: ~,,.,, ,,,,,,
--~
1.17 ,'\
I -4,500 Mlri. • I -~.F. iD~S' ·
\ .~.
• SPACE
~-i:t:.:,/;:~~¾-~ff..a.~~~~1~~ALGARO~-... -· ·t
NOTE: THE AVERAGE LOT SIZE IS SIGNIFICANTLY LARGER IN EACH
NEIGHBORHOOD THAN THE MINIMUM LOT SIZES SHOWN ABOVE.
ff// LA COSTA
I
I .___ ____ _
1.6
6,000 MIN. S.F. WTS
1.10
9,000 MIN.
S.F. WTS
1.7
5,000 MIN. S.F. WTS
1.9
6,000 MIN. S.F. WTS
-"· ~-~
OPEN SPACE
Figure II-1
THE GREENS
DEVELOPMENT PLAN ~ VILLAGES OF
-----
S·~df:..::;i HCP LOCATED WITHIN
:;t'};.t}:,: NEIGHBORHOOD BOUNDARIES 1,_.._ -·.:.-"-I
10,000 MIN. S.F. WTS
NOTE: THE AVERAGE LOT SIZE IS SIGNIFICANTLY LARGER IN EACH
NEIGHBORHOOD THAN THE MINIMUM LOT SIZES SHOWN ABOVE.
ff// LA COSTA
··-·. ".·
_,/:~ ": . . ·,., .. · ...
THEOAKS; ..
-. OEVELOPMENTAREA
Figure 11-2
THE RIDGE
DEVELOPMENT PLAN ~ VILLAGES OF
-----
I
I
~~: GREENBELT/ ~~: DRAINAGE CORRIDOR
NOTE: THE AVERAGE LOT SIZE IS SIGNIFICANTLY LARGER IN EACH
NEIGHBORHOOD THAN THE MINIMUM LOT SIZES SHOWN ABOVE.
ff// LA COSTA
' ' ~3.
\
Figure II-3
THE OAKS
DEVELOPMENT PLAN
~ VILLAGES OF
-----
Table 11-1
LA COSTA GREENS: PROPOSED BUILDOUT PROGRAM
Gross Estimated Tax Value
Ping. General Land Area Housing Building Per SF or Total
Area Plan LU Zoning Develoement Tlee Gross Net Units Area {SF} Per Unit {x $1000}
1.1 Pl P-M Business park 7.9 7.7 137,650 $110 $15,141.5
1.2 N C-1 Community facilities 7.9 6.9
1.3 RM RD-M Townhomes I SFD 8.6 7.8 44 340,000 14,960.0
1.4 E O-S Elementary school 7.2 (1]
1.5 OS O-S Community park 27.2
1.6 RLM R-1 SFD 37.9 31.4 96 518,000 49,728.0
1.7 RLM R-1 SFD 42.1 38.4 127 [1 l 421,000 53,467.0
1.8 RLM R-1 SFD 45.8 37.8 87 535,000 46,545.0
1.9 RLM R-1 SFD 25.9 22.4 74 518,000 38,332.0
1.10 RLM R-1 SFD 40.0 31.3 64 700,000 44,800.0
1.11 RLM R-1 SFD 14.5 13.6 34 421,000 14,314.0
1.12 RLM R-1 SFD 30.4 27.4 38 700,000 26,600.0
1.13 RLM R-1 SFD 12.7 12.1 32 421,000 13,472.0
1.14 RLM R-1 SFD 22.7 18.1 59 421,000 24,839.0
1.15 RMH RD-M MF--Affordable housing 14.3 13.1 180 125,600 [2] 22,608.0
1.16 RMH RD-M Townhomes I SFD 16.0 13.8 96 340,000 32,640.0
1.17 RLM RD-M SFD 39.9 33:6 107 400,000 42,800.0
1.A--1 OS O-S Open space 245.8
Poinsettia Lane Major roadway 13.7
Total 660.5 315.3 1,038 137,650 $440,246.5
Estimated Tax Value
Summa!Y by Land Use Emelolment {x $1000}
Residential 350.8 300.8 1,038 $425,105.0
R&D/lndustrial 7.9 7.7 137,650 275 [3] 15,141.5
Community 15.1 6.9 0.0
Park, open space, road 286.7 0.0
Total 660.5 315.3 1,038 137,650 275 $440,246.5
Source: Villages of La Costa Master Plan (2000)
1. Under an alternative program, elementary school would be sited in Planning Area 1.7, reducing housing in the planning area to 80 units.
2. Estimated value of an affordable rental unit; see text.
3. Assumed density of one employee per 400 sq. ft.
Table 11-2
LA COSTA RIDGE/ OAKS: PROPOSED BUILDOUT PROGRAM
Estimated Tax Value
Ping. General Land Area Housing Value Total
Area Plan LU Zonin!l Develoement T}'.ee Gross Net Units Per Unit {x $1000)
La Costa Ridge
2.1 RLM R-1 SFD 49.6 25.3 55 $535,000 $29,425.0
2.2 RLM R-1 SFD 37.7 20.2 38 535,000 20,330.0
2.3 RLM R-1 SFD 40.8 37.5 68 700,000 47,600.0
2.4 RLM R-1 SFD 21.3 19.1 35 700,000 24,500.0
2.5 RLM R-1 SFD 40.4 28.7 66 518,000 34,188.0
2.6 RMH RD-M Townhomes 10.4 10.0 58 340,000 19,720.0
2.A--8 OS O-S Open space 292.9
Total 493.1 140.8 320 $175,763.0
La Costa Oaks
3.1 RLM R-1 SFD 27.2 25.5 76 421,000 31,996.0
3.2 N C-1 Community facilities 6.4 6.4
3.3 RLM R-1 SFD 44.0 39.8 138 518,000 71,484.0
3.4 RLM R-1 SFD 14.7 14.4 45 421,000 18,945.0
3.5 RLM R-1 SFD 14.0 14.0 46 421,000 19,366.0
3.6 RMH RD-M MF--Affordable housing 15.3 13.4 171 125,600 [1] 21,477.6
3.7 RM RD-M Townhomes 13.4 11.5 45 340,000 15,300.0
3.8 RLM R-1 SFD 26.6 21.7 74 535,000 39,590.0
3.9 RLM R-1 SFD 33.4 29.3 88 518,000 45,584.0
3.10 RLM R-1 SFD 15.6 13.9 36 518,000 18,648.0
3.11 RLM R-1 SFD 22.5 20.2 53 518,000 27,454.0
3.12 RLM R-1 SFD 15.5 15.1 27 535,000 14,445.0
3.13 RLM R-1 SFD 37.9 32.3 62 535,000 33,170.0
3.14 RLM R-1 SFD (Primary units) 28.4 27.4 66 700,000 46,200.0
Second units/affordable 8 70,000 560.0
3.15 RLM R-1 SFD 46.2 45.0 105 535,000 56,175.0
3.A--E OS O-S Open space 325.9
Rancho Santa Fe R Major roadway 25.6
Total 712.6 329.9 1,040 $460,394.6
Total--La Costa Ridge and Oaks 1,205.7 470.7 1,360 $636,157.6
Source: Villages of La Costa Master Plan (2000)
1. Estimated value of an affordable rental unit; see text.
Table 11-3
LA COSTA GREENS: DISTRIBUTION OF DEVELOPMENT BY TAX RATE AREA
Distributed by Assessor's Parcels and Tax Rate Areas (TRAs)
21303011
21502107 21503006 21506101
Ping. Housing 21503113 21503014 21505215 21548002 21506109
Area Development Type Value 09027 09037 09038 09058 09070 Total
Prop. share of 1 % tax received by Carlsbad 0.1981214 0.202924 0.1943145 0.1260703 0.198857
La Costa Greens (units, except for business park)
1.1 Business park (x 1000 SF) 137.7 0.0 0.0 0.0 0.0 137.7
1.3 Townhomes I SFD 44 0 0 0 0 44
1.6 SF□ 96 0 0 0 0 96
1.7 SF□ 127 0 0 0 0 127
1.8 SFD 5 82 0 0 0 87
1.9 SFD 0 67 0 0 7 74
1.10 SFD 0 0 0 0 64 64
1.11 SFD 0 0 0 0 34 34
1.12 SF□ 0 0 0 0 38 38
1.13 SF□ 0 0 0 32 0 32
1.14 SFD 0 0 0 27 32 59
1.15 MF-Affordable housing 0 0 180 0 0 180
1.16 Townhomes I SFD 0 0 96 0 0 96
1.17 SF□ 65 0 42 0 0 107
Total Units 337 149 318 59 175 1,038
Tax Values ($ per SF or Unit)
1.1 Business park $110 15,142 0 0 0 0 15,142
1.3 Townhomes I SFD 34C,OOO 14,960 •. 0 0 0 0 14,960
1.6 SF□ 51~.ooo 49,728 0 0 0 0 49,728
1.7 SF□ 421 000 53,467 0 0 0 0 53,467
1.8 SF□ 53:5,000 2,675 43,870 0 0 0 46,545
1.9 SFD 518,000 0 34,706 0 0 3,626 38,332
1.10 SFD 700,000 0 0 0 0 44,800 44,800
1.11 SFD 421,000 0 0 0 0 14,314 14,314
1.12 SFD 700,000 0 0 0 0 26,600 26,600
1.13 SFD 421,000 0 0 0 13,472 0 13,472
1.14 SFD 421,000 0 0 0 11,367 13,472 24,839
1.15 MF--Affordable housing 125,600 0 0 22,608 0 0 22,608
1.16 Townhomes I SFD 340,000 0 0 32,640 0 0 32,640
1.17 SF□ 400,000 26,000 0 16,800 0 0 42,800
Total Tax Value (x $1000) $161,972 $78,576 $72,048 $24,839 $102,812 $440,247
Tax Value Times Prop. Share 32,090 15,945 14,000 3,131 20,445 85,611
Weighted Ave. of Carlsbad Share I 0.1944622 I
Table 11-4
LA COSTA RIDGE/ OAKS: DISTRIBUTION OF DEVELOPMENT BY TAX RATE AREA
Distributed by Assessor's Parcels and Tax Rate Areas (TRAs)
22305067 22301012
22305069 22302108 22301027
22306015 22302111 22301029
22307105 22306049 22302112 22301103 22301037 22301102
Ping. Housing 22307109 22307107 22301035 22302116 22302109 22301104 22303202 22303201 22301019 22301106
Area Development T~pe Value 09041 09045 09056 09076 09077 09080 09081 09083 09084 09091 Total
Prop. share of 1 % tax received by Carlsba 0.1196049 0.1178241 0.128154 0.1929558 0.2067554 0.1202204 0.0900576 0.1310749 0.1299303 0.1223635
La Costa Ridge
2.1 SFD 0 0 37 18 0 0 0 0 0 0 55
2.2 SFD 0 0 20 0 8 0 0 10 0 0 38
2.3 SFD 0 0 0 0 0 0 0 68 0 0 68
2.4 SFD 0 0 0 0 0 0 0 33 2 0 35
2.5 SFD 0 0 0 25 41 0 0 0 0 0 66
2.6 Townhomes 0 0 0 58 0 0 0 0 0 0 58
Total Units 0 0 57 101 49 0 0 111 2 0 320
Tax Values ($ per Unit)
2.1 SFD $535,000 0 0 19,795 9,630 0 0 0 0 0 0 29,425
2.2 SFD 535,000 0 0 10,700 0 4,280 0 0 5,350 0 0 20,330
2.3 SFD 700,000 0 0 0 0 0 0 0 47,600 0 0 47,600
2.4 SFD 700,000 0 0 0 o. 0 0 0 23,100 1,400 0 24,500
2.5 SFD 518,000 0 0 0 12,950 21,238 0 0 0 0 0 34,188
2.6 Townhomes 340,000 0 0 0 19,720 0 0 0 0 0 0 19,720
Total Tax Value (x $1000) $0 $0 $30,495 $42,300 $25,518 $0 $0 $76,050 $1,400 $0 $175,763
Tax Value Times Prop. Share 0 0 3,908 8,162 5,276 0 0 9,968 182 0 27,496
Weighted Ave. of Carlsbad Share 0.1564392
La Costa Oaks
3.1 SFD 0 0 0 25 0 0 0 0 0 51 76
3.3 SFD 0 0 0 0 0 90 0 0 0 48 138
3.4 SFD 0 0 0 0 0 0 0 0 0 45 45
3.5 SFD 0 0 0 0 0 38 8 0 0 0 46
3.6 MF--Affordable housing 0 0 0 0 0 0 0 171 0 0 171
3.7 Townhomes 45 0 0 0 0 0 0 0 0 0 45
3.8 SFD 0 74 0 0 0 0 0 0 0 0 74
3.9 SFD 0 88 0 0 0 0 0 0 0 0 88
3.10 SFD 8 28 0 0 0 0 0 0 0 0 36
3.11 SFD 3 50 0 0 0 0 0 0 0 0 53
3.12 SFD 0 27 0 0 0 0 0 0 0 0 27
3.13 SFD 0 62 0 0 0 0 0 0 0 0 62
3.14 SFD 0 66 0 0 0 0 0 0 0 0 66
Table 11-4 Page 1 of 2
Table 11-4
LA COSTA RIDGE/ OAKS: DISTRIBUTION OF DEVELOPMENT BY TAX RATE AREA
Distributed by Assessor's Parcels and Tax Rate Areas (TRAs)
22305067 22301012
22305069 22302108 22301027
22306015 22302111 22301029
22307105 22306049 22302112 22301103 22301037 22301102
Ping. Housing 22307109 22307107 22301035 22302116 22302109 22301104 22303202 22303201 22301019 22301106
Area Development Type Value 09041 09045 09056 09076 09077 09080 09081 09083 09084 09091 Total
Secondary units (affordable) 0 8 0 0 0 0 0 0 0 0 8
3.15 SFD 0 105 0 0 0 0 0 0 0 0 105
Total Units 56 508 0 25 0 128 8 171 0 144 1,040
Tax Values ($ per Unit)
3.1 SFD 421,000 0 0 0 10,525 0 0 0 0 0 21,471 31,996
3.3 SFD 518,000 0 0 0 0 0 46,620 0 0 0 24,864 71,484
3.4 SFD 421,000 0 0 0 0 0 0 0 0 0 18,945 18,945
3.5 SFD 421,000 0 0 0 0 0 15,998 3,368 0 0 0 19,366
3.6 MF--Afford. housing 125,600 0 0 0 0 0 0 0 21,478 0 0 21,478
3.7 Townhomes 340,000 15,300 0 0 0 0 0 0 0 0 0 15,300
3.8 SFD 535,000 0 39,590 0 0 0 0 0 0 0 0 39,590
3.9 SFD 518,000 0 45,584 0 0 0 0 0 0 0 0 45,584
3.10 SFD 518,000 4,144 14,504 0 0 0 0 0 0 0 0 18,648
3.11 SFD 518,000 1,554 25,900 0 0 0 0 0 0 0 0 27,454
3.12 SFD 535,000 0 14,445 0 0 0 0 0 0 0 0 14,445
3.13 SFD 535,000 0 33,170 0 0 0 0 0 0 0 0 33,170
3.14 SFD 700,000 0 46,200 0 0 0 0 0 0 0 0 46,200
Secondary units 70,000 0 560 0 0 0 0 0 0 0 0 560
3.15 SFD 535,000 0 56,175 0 0 0 0 0 0 0 0 56,175
Total Tax Values $20,998 $276,128 $0 $10,525 $0 $62,618 $3,368 $21,478 $0 $65,280 $460,395
Tax Value Times Prop. Share 2,511 32,535 0 2,031 0 7,528 303 2,815 0 7,988 55,711
Weighted Ave. of Carlsbad Share 0.1210075
Total LC Oaks and Ridge
Housing Units 56 508 57 126 49 128 8 282 2 144 1,360
Tax Value $20,998 $276,128 $30,495 $52,825 $25,518 $62,618 $3,368 $97,528 $1,400 $65,280 $636,158
Tax Value Times Prop. Share 2,511 32,535 3,908 10,193 5,276 7,528 303 12,783 182 7,988 83,207
Weighted Ave. of Carlsbad Share I o. 1301969 I
Table 11-4 Page 2 of 2
Table 11-5
POPULATJON, HOUSJNG AND LAND USE IN THE CITY AND THE PROJECT
Ratio Relative Proeosed Project
to Population LC Greens LC R/O
City of or Resid. Land La Costa as Percent La Costa as Percent
Carlsbad Uses in Ci~ Greens of Ci~ Rid9e / Oaks of Ci~
Population and Housing (2000)
Resident population 82,030 [1 I 2,406 [7] 2.9% 3,152 [7] 3.8%
Housing units 33,680 [1 I 1,038 3.1% 1,360 4.0%
Wage and Salary Employment (1995) [2]
Resident population (1995) 68,064 1.0000
Retail trade, FIRE, services [3] 14,895 0.2188
Manufacturing, wholesale trade,
services [3] 16,387 0.2408 275 1.4%
Agriculture, mining, construction, TCU 3,506 0.0515
Government 2,043 0.0300
Total 36,830 275 0.7%
Developed Land Use (1995) (Net Ac.) [4]
Residential 4,506 1.0000 300.8 6.7% 464.3 10.3%
Commercial retail/ office 642 0.1425 0.0 0.0% 0.0 0.0%
Industrial 690 0.1531 7.7 1.1% 0.0 0.0%
Public facilities, parks and recreation 6,709 1.4889 6.9 0.1% 6.4 0.1%
Total (excl. vacant and agriculture) 12,547 315.3 2.5% 470.7 3.8%
1999-2000 Assessed Value (x $1000) [5]
Residential $5,893,703 1.0000 $425,105 7.2% $636,158 10.8%
Commercial retail / office / institutional 1,030,662 0.1749 0 0.0% 0 0.0%
Industrial / institutional 744,484 0.1263 15,142 2.0% 0 0.0%
Other (incl. vacant and agriculture) 898,195 0.1524
Total $8,567,044 $440,247 5.1% $636,158 7.4%
Equivalent Dwelling Units
Residential 33,680 1.0000 1,038 3.1% 1,360 4.0%
Commercial retail/office 5,928 0.1760 [6] 0 0.0% 0 0.0%
Industrial 5,624 0.1670 [6) 70 1.2% [8] 0 0.0%
Total 45,232 1,108 2.4% 1,360 3.0%
Miles of Streets 303 [9] 1.7 0.6% 2.1 0.7%
Table II-5 Page 1 of 2
Table 11-5
POPULATION, HOUSING AND LAND USE IN THE CITY AND THE PROJECT
Ratio Relative
to Population
or Resid. Land
Proposed Project
City of
Carlsbad Uses in City
Source: Table 11-1 and as noted below; Onaka Planning & Economics.
La Costa
Greens
LC Greens
as Percent
of City
1. California Department of Finance, City/County Population and Housing Estimates, January 1, 2000.
2. City data from SANDAG, 1995 Regional Employment Inventory (1997).
TCU Transportation, communication, utilities
FIRE Finance, insurance, real estate
3. One-half of service employment is grouped with retail and one-half with industrial/ R&D.
4. City data from SANDAG, 1995 Land Use in the San Diego Region (1997).
5. City data from San Diego County Assessor's Office, Fiscal Year 1999-2000.
La Costa
Ridge/ Oaks
LC R/O
as Percent
of City
6. Based on geometric mean of the ratios of (a) employment to resident population, (b) non-residential to residential developed land areas,
and (c) non-residential to residential assessed values; see text.
7. Based on Growth Management household size of 2.3178 persons per unit and no vacancy.
8. Based on geometric mean of proportions which the proposed development represents of citywide employment and land use; see text.
9. Statistical information contained in 1998-99 Operating Budget and Capital Improvement Program.
Table 11-5 Page 2 of 2
Table 11-6
CITY OF CARLSBAD GENERAL FUND REVENUES, FISCAL YEAR 2000-01
Estimated Potential Applied
FY 2000-01 Impact by to Offset
Revenue Project Exeenditures [1) Unit Revenue / Note
Taxes
Property Tax $20,291,000
Secured--La Costa Greens Yes 19.446217% of 1% of est. taxable value
Secured--LC Ridge and Oaks Yes 13.080829% of 1 % of est. taxable value
Unsecured Yes 10.00% of secured tax (office, industrial only)
Sales Tax 20,475,000
Retail sales to residents Yes $169.51 per household [2]
Retail sales to non-residents Yes 63.3274% of 1% of taxable retail sales [3]
Non-retail sales in place [4] Yes $3,555.97 per acre of industrial/R&D
Non-retail sales and other [5] No
Transient Tax 8,795,000 No
Franchise Tax 2,642,000 Yes $58.4100 per EDU
Business Licenses 1,924,000 Yes $166.5512 per EDU of commercial and
industrial development
Real Property Transfer Tax 990,000 Yes 5.115756% of estimated secured property tax
revenue
Intergovernmental
Vehicle License Fees 3,777,000 Yes $46.0441 per resident
Other 888,000 Yes $10.8253 per resident
Licenses and Permits
Building Permits 1,962,000 Off-Set 1,962,000 Offset community devel. expenditure
Other Licenses & Permits 924,000 Off-Set 924,000 Offset public safety expend.
Charges for Services
Planning Fees 450,000 Off-Set 450,000 Offset community devel. expend.
Building Department Fees 1,337,000 Off-Set 1,337,000 Offset public works expend.
Engineering Fees 1,260,000 Off-Set 1,260,000 Offset public works expend.
Ambulance Fees 1,160,000 Off-Set 1,160,000 Offset public safety expend.
Recreation Fees 1,151,000 Off-Set 1,151,000 Offset recreation expend.
Other Charges or Fees 567,000 Off-Set 567,000 Offset public works expend.
Fines and Forfeitures 840,000 Off-Set 840,000 Offset public safety expend.
Income from Investments 2,225,000 Off-Set 2,225,000 Offset general government expend.
Table II-6 Page 1 of 2
Table 11-6
CITY OF CARLSBAD GENERAL FUND REVENUES, FISCAL YEAR 2000-01
Estimated
FY 2000-01
Revenue
Potential
Impact by
Project
Applied
to Offset
Expenditures [1 j Unit Revenue / Note
Interdepartmental Charges
Other Revenue Sources
2,100,000
500,000
Off-Set
Off-Set
2,100,000
500,000
Offset general government expend.
Offset general government expend.
Total -Revenues
Off-Set From Fees
Total Net of Off-Set
$74,258,000
(14,476,000)
$59,782,000
$14,476,000
Source: City of Carlsbad, 2000-01 Operating Budget; Onaka Planning & Economics.
1. Functional or one-time revenues which cover the cost of services provided, such as permits, licenses, and fees, which
are offset against the costs of services provided.
2. Based on average expenditures on taxable goods by households in San Diego County as reported by Consumer Expenditure
Survey by Bureau of Labor Statistics, adjusted for inflation and household income in the city of Carlsbad; see text.
3. Percent of retail taxable sales not accounted for by household expenditures on taxable goods (see Note 2 above).
4. Non-retail taxable sales by businesses located in office/industrial buildings (e.g., manufacturers or distributors).
5. Non-retail taxable sales associated with activities outside office/industrial buildings (e.g., building construction).
Table 11-6 Page 2 of 2
Table 11-7
CITY OF CARLSBAD GENERAL FUND EXPENDITURES, FISCAL YEAR 2000-01
Estimated Potential Adjusted
FY 2000-01 Impact by Off-Set or General
Expenditure Project Adjustment (1] Expenditure Estimated Unit Cost
Policy and Leadership Group
City Council $248,120 Yes
City Manager 951,012 Yes
Public Information 177,173 Yes
City Clerk 139,090 Yes
City Attorney 720,645 Yes
City Treasurer 147,548 Yes
Subtotal 2,383,588 ($1,628,b6 i) $754,727 $16.6857 per EDU
Administrative Services
Administration 551,850 Yes
Finance 1,480,086 Yes
Purchasing 548,129 Yes
Human Resources 1,547,902 Yes
Records Management 549,090 Yes
Subtotal 4,677,057 (3,196,139) 1,480,918 $32.7405 per EDU
Public Safety
Police 13,846,963 Yes
Fire 8,971,956 Yes
Subtotal 22,818,919 (2,924,000) 19,894,919 $439.8417 per EDU
Community Development
Community Devel. Admin. 456,970 Yes
Geographic Information 266,526 Yes
Economic Development 198,570 Yes
Planning 2,404,424 Yes
Building 1,803,910 Yes
Subtotal 5,130,400 (2,412,000) 2,718,400 $60.0990 per EDU
Community Services
Library 6,216,762 Yes
Cultural Arts Program 585,885 Yes
Sister City Program 9,155 Yes
Park Planning/Recreation Mgt. 660,406 Yes
Recreation 2,895,518 Yes
Table II-7 Page 1 of 2
Table 11-7
CITY OF CARLSBAD GENERAL FUND EXPENDITURES, FISCAL YEAR 2000-01
Estimated
FY 2000-01
Expenditure
Senior Programs 408,877
Subtotal 10,776,603
Public Works
Public Works Administration 446,585
Engineering 4,202,690
Park Maintenance 2,568,364
Street Maintenance 2,233,137
Facilities Maintenance 1,880,612
Major Facility Maint (Transfer) 200,000
Traffic Signal Maintenance 436,186
Subtotal 11,967,574
Subtotal [2] 57,754,141
Non-Departmental 9,537,249
Contingencies [3) 4,300,000
Total -Expenditures $71,591,390
Unit Costs by EDU or resident (excl. contingency)
Unit cost per EDU
Unit cost per capita
Unit Costs by Land Use (incl. contingency)
Residential (at 2.3178 persons/DU)
Non-residential (commercial, industrial)
Potential
Impact by Off-Set or
Project Adjustment [1 j
Yes
(1,151,000)
Yes
Yes
Yes
Yes
Yes
Yes
Yes
(3,164,000)
(14,476,000)
Yes (4,768,625)
Yes (1,229,754)
($20,474,379)
Source: City of Carlsbad, 2000-01 Operating Budget; Onaka Planning & Economics.
EDU Equivalent dwelling unit
1. Cost of providing services funded through one-time revenues is adjusted for such revenues.
2. Subtotal of expenditures subject to potential off-set from functional and one-time revenues.
Adjusted
General
Expenditure
9,625,603
8,803,574
43,278,141
4,768,625
3,070,246
$51,117,011
Estimated Unit Cost
$117 .3425 per resident
$7,370.0891 per mile [assume 50%
credit for privately maintained street]
$194.6315 per EDU
$105.4259 per EDU
6.390119% of expend. not offset
$849.4244 per EDU
$117.3425 per resident
$1,193.0596 perEDU
$903.7036 per EDU
3. Adjustment is made to the contingency budget, corresponding to functional and one-time revenues that have been deducted.
Table 11-7 Page 2 of 2
Table 11-8
ESTIMATED CITYWIDE GENERAL REVENUES AND EXPENDITURES OF
RESIDENTIAL, COMMERCIAL AND INDUSTRIAL DEVELOPMENT (FY 2000-01)
Revenues and Exeenditures bt Land Use (x $1000}
Commercial Industrial
Residential Retail / Office /R&D
Revenues
Property Tax-Secured $13,313.2 $2,328.1 $1,681.7
On Vacant and Other Land
Property Tax-Unsecured 232.8 168.2
Other Land
Sales Tax 5,709.1 9,858.7 2,453.6
Non-retail Sales-Other
Transient Tax 8,795.0
Franchise Tax 1,967.2 346.3 328.5
Business License Tax 987.3 936.7
Real Property Transfer Tax 681.1 119.1 86.0
On Vacant and Other Land
Vehicle License (In-Lieu) 3,777.0
Other State Subventions 888.0
Total $26,335.6 $22,667.3 $5,654.7
Expenditures
Policy and Leadership Group $562.0 $98.9 $93.8
Administrative Services 1,102.7 194.1 184.1
Public Safety 14,813.9 2;~07.4 2,473.7
Community Development 2,024.1 356.3 338.0
Community Services 9,625.6 0.0 0.0
Public Works 6,555.2 1,153.8 1,094.6
Non-Departmental 3,550.7 625.0 592.9
Contingency 2,443.2 321.8 305.3
Total $40,677.4 $5,357.2 $5,082.4
Net Surplus or (Deficit) ($14,341.8} $17,310.1 $572.3
Average Surplus or Deficit($) ($426) /DU $2,920 /Ac. $829 /Ac.
Source: City of Carlsbad Annual Budget, Fiscal Year 2000-01; Onaka Planning & Economics.
Total[1]
$17,323.1
2,028.9
401.0
538.0
18,021.4
2,453.6
8,795.0
2,642.0
1,924.0
886.2
103.8
3,777.0
888.0
$59,782.0
$754.7
1,480.9
19,894.9
2,718.4
9,625.6
8,803.6
4,768.6
3,070.2
$51,117.0
$8,665.0
1. Revenues and expenditures after functional and one-time revenues have been deducted; see Tables 11-6
and 11-7.
2. Property tax on vacant, agricultural, and miscellaneous land uses other than commercial, office, or industrial.
3. See Note 5 of Table 11-6.
[2]
[3]
III. REFERENCES
ill. REFERENCES
California, State of. Office of Planning and Research. 1978. Economic Practices Manual (Revised
1982). Sacramento.
____ . Board of Equalization. 1998. Taxable Sales in California (Sales & Use Tax). 38th
Annual Report (1998). Sacramento.
____ . Department of Finance. 2000. Population Estimates of California Cities and
Counties. Report 92 E-1. Sacramento.
Carlsbad, City of. 2000. Operating Budget and Capital Improvement Program. 2000-2001.
Finance Department, Carlsbad, CA.
San Diego, County of. 2000. "2000-01 Proportionate 1 % Revenue ATI Ratios by Fund."
Auditor/Controller, San Diego.
____ . 1999. Property Valuations. Tax Rates. Useful Information for Taxpayers for the
Fiscal Year Ending June 30. 1999. Auditor/Controller, San Diego.
San Diego Association of Governments (SANDAG). 1999. "Current Demographic and Economic
Estimates: San Diego Region." San Diego.
____ . 1997a. Land Use in the San Diego Region (1995). San Diego.
____ . 1997b. Regional Employment Inventory (1995). San Diego .
----. 1997c. Population and Income Characteristics of the San Diego Region. San Diego.
----. 1997d. January 1. 1997. Population and Housing Estimates. San Diego.
U.S. Bureau of Labor Statistics. 1999. "Consumer Price Index-Urban Wage Earners and Clerical
Workers. Los Angeles-Riverside-Orange County, CA." Washington, D.C .
----. 1999. 1997-98 Consumer Expenditure Survey. Washington, D.C.
OP/E 158 VLC_FIS_M2 111-1 Villages of La Costa FIS