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3.A. - Page 12 of 14 <br />160 5 EL CAM I NO REAL <br />Fiscal benefit of multi- <br />family development <br />replacing mixed-use <br />commercial: <br />■ Positive for "typical <br />conditions" <br />■ Slightly negative for <br />"Covid Conditions" <br />Typical Conditions <br />New Development <br />Multifamily Residential <br />137 DUs <br />5254 <br />- 34.844 <br />Total New <br />$34,844 <br />Less Existing Development <br />Retail <br />-9,255 SF <br />- <br />$2,232 ($20,658) <br />Industrial <br />-5,843 SF <br />- <br />$515 ($3,008) <br />Single -Family Residential <br />-1 DU <br />[$8} <br />- U8 <br />Total Existing <br />($23,658) <br />Total Annual Net Impact <br />#11,186 <br />(Total New - Total Existing) <br />COVID Conditions <br />New Development <br />Multifamily Residential <br />137 DUs <br />$141 <br />- 19.355 <br />Total New <br />$19,355 <br />Less Existing Development <br />Retail <br />-9,255 SF <br />- <br />$2,176 ($20,143) <br />Industrial <br />-5,843 SF <br />- <br />$470 ($2,745) <br />Single -Family Residential <br />-1 DU <br />[$140} <br />- $140 <br />Total Existing <br />(#22,749) <br />Total Annual Net Impact <br />(Total New - Total Existing) <br />2 <br />14 <br />