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3.A. - Page 13 of 14 <br />HIGH DENSITY COMMERCIAL REPLACING LOWER <br />900 JEFFERSON J MIDDLEFIELD <br />Fiscal benefit of higher <br />density mixed-use <br />commercial exceeds <br />existing when replacing <br />same land use <br />Typical Conditions <br />Office <br />347,269 SF - <br />$2,622 <br />$91 x,462 <br />Retail <br />5,100 SF - <br />$3,553 <br />$18,118 <br />Total New <br />;928,581) <br />Less Existing Development' <br />IXfice <br />-2,250 SF - <br />$914 <br />($2,057) <br />Retail <br />-1,900 SF - <br />$2,232 <br />4241 <br />Total Existing <br />(35,298) <br />Total Annual Net Impact <br />;922,282 <br />(Total New -Total Existing) <br />COVID Conditions <br />New Development <br />Of ice <br />347,269 SF - <br />$2,524 <br />$876,375 <br />Retail <br />5,100 SF - <br />$3,497 <br />$17,834 <br />Total New <br />$694,21)9 <br />Less Existing Develoomen t1 <br />IXfice <br />-2,250 SF - <br />$816 <br />($1,837) <br />Retail <br />-1,900 SF - <br />$2,176 <br />($4,135) <br />Total Existing <br />(;5,972) <br />Total Annual Net Impact <br />SBB8,237 <br />(Total New - Total Bds ng) <br />3 <br />15 <br />