How much would the re-zoning project cost the City of Scotts Valley?
The re-zoning project would not bear a cost burden on the City. In fact, it would be a new revenue source for the City since a residential area would generate approximately $160,000 per year in City revenue. This is 250% of the current income from the property. In addition, more residents would increase the customer base for local businesseswhich would increase revenue for the City.
