City of Sanibel Economic Indicators

City of Sanibel Economic Indicators Presented by Judith Ann Zimomra, City Manager: Sanibel City Council March 6, 2012

Demographics

*Source: US Census 1970 population is approximate due to incorporation of City in 1974 and Census County Division boundary updates following the 1970 Census.

City of Sanibel U.S. Census Demographics 2010 Census Sanibel Lee County Florida Population 6,469 618,754 18,801,310 Persons under 5 Years (%) 1.3% 5.3% 5.7% Persons under 18 Years (%) 7.9% 19.5% 21.3% Persons 65 & Older (%) 50.1% 23.5% 17.3% Female Persons 52.7% 50.9% 51.1% High School Graduates (% of persons age 25+) Bachelor s Degree or higher (% of persons age 25+) Median household income 2006-2010 Per capita income past 12 months Persons below poverty level (%) 99% 86.7% 85.3% 58.5% 24.6% 25.9% $87,926 $50,014 $47,661 $79,742 $29,445 $26,551 4.8% 12% 13.8% Source: United States 2010 Census

Lee County Unemployment Rate 15 13.8 12.5 10 9.3 *Projected 10.2 5 3.7 4.6 4.4 3.8 2.9 3.1 5.2 0 *Source: U.S. Department of Labor NOTE: Unemployment rate is for the Cape Coral-Ft. Myers, FL Metropolitan Statistical Area as of December 2011.

Number of Businesses

City of Sanibel Business Tax Receipts (On-Island Businesses) s 2002-2012 3500 3000 3283 3325 3234 3206 3129 3153 3224 3162 3099 3229 *As of 2/27/12 2885 2500 2000 1500 1000 500 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

City of Sanibel Business Tax Registrations (Off-Island Businesses) 1100 1000 s 2002-2012 1025 900 800 700 654 836 699 721 707 671 792 846 771 *As of 2/27/12 676 600 500 400 300 200 100 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Visitation

Annual Sanibel Causeway Vehicular Counts 1990-2011 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 *Source: Lee County Department of Transportation 2011 2,953,632 2010 2,886,605 2009 2,926,862 2008 2,924,582 2007 2,918,579 2006 2,875,493 2005 2,890,855 2004 3,112,301 2003 3,257,747 2002 3,430,316 2001 3,460,347 2000 3,433,769 1999 3,384,507 1998 3,336,374 1997 3,297,575 8/18/08-8/19/08 Toll Facility closed - Tropical Storm Fay 10/23/05-10/25/05 Toll Facility closed - Hurricane Wilma 11/01/04 Toll rate increased from $3 to $6 per vehicle 08/19/04 9/05/04 - Causeway closed to non-residents & non-business owners due to Hurricane Charley 08/12/04-08/18/04 - Toll Facility closed due to Hurricane Charley 01/20/03 - Causeway shut down for emergency repairs to Span "B

Lee County Tourist Tax Breakdown Fiscal Year 2011 COMMUNITY TOTAL % Boca Grande $381,905 1.6 Bonita Springs $1,034,799 4.6 Cape Coral $1,089,895 4.5 Captiva $2,312,207 9.5 Estero $1,570,109 6.5 Fort Myers $1,307,535 5.4 Fort Myers Beach $3,604,425 14.8 Lee County $3,594,331 14.8 Lehigh Acres $49,840 0.2 North Fort Myers $289,140 1.2 Pine Island $163,586 0.7 Real Estate Agency $5,124,119 21.1 Sanibel $3,750,950 15.5 GRAND TOTAL $24,272,843 *Source: Lee County Visitor & Convention Bureau

Lee County Visitor & Convention Bureau Total Calendar Year-To-Date Visitation % Visitor Estimates 2010 2011 2010 2011 Paid Accommodations 49% 53% 2,358,260 2,490,202 Friends/Relatives 51% 47% 2,459,051 2,195,818 Total Visitation 4,817,311 4,686,020 Visitor Origin - Visitors Staying in Paid Accommodations % Visitor Estimates 2010 2011 2010 2011 Florida 14% 12% 258,556 232,150 United States 80% 78% 1,876,664 1,953,806 Canada 5% 6% 122,175 147,076 Germany 6% 4% 134,961 111,028 UK 5% 4% 109,389 109,586 Scandinavia 1% 2% 19,889 40,374 Switzerland 1% 1% 14,206 31,722 France <1% 1% 11,365 28,838 BeNeLux 1% 1% 32,675 21,629 Austria <1% <1% 8,524 11,535 Ireland <1% <1% 11,365 7,210 Latin America <1% <1% 2,841 4,326 Other Europe/Other <1% <1% 9,944 5,768 *Source: Lee County Visitor & Convention Bureau

Lee County Visitor & Convention Bureau Mode of Transportation Q: How did you travel to our area? Did you 2010 2011 A B Total Respondents 205 204 Fly 67% 69% Drive a personal vehicle 29% 24% Drive an RV 3% 4% Drive a rental vehicle - 3% Other/No answer 1% - *Source: Lee County Visitor & Convention Bureau

Lee County Visitor & Convention Bureau Airport Q: At which Florida airport did you land? 2010 2011 A B Total Respondents 136 142 SW Florida Int'l 81% 83% Miami Int'l 3% 3% Orlando Int'l 5% 9% Ft. Lauderdale Int'l 3% 1% Sarasota/Bradenton 1% 1% Tampa Int'l 3% 1% West Palm Beach Int'l - - Other/No Answer 4% 3% *Source: Lee County Visitor & Convention Bureau

RSW Passenger Traffic Totals 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 *Source: Lee County Port Authority

Southwest Florida International Airport Traffic Report 2007 YTD 2008 YTD 2009 YTD 2010 YTD 2011 YTD January 783,207 783,207 762,316 762,316 732,851 732,851 731,739 731,739 726,322 726,322 February 841,727 1,624,934 845,741 1,608,057 809,990 1,542,841 755,095 1,486,834 790,124 1,516,446 March 1,081,425 2,706,359 1,030,151 2,638,208 985,267 2,528,108 996,685 2,483,519 1,073,556 2,590,002 April 924,919 3,631,278 834,689 3,472,897 849,815 3,377,923 813,329 3,296,848 907,686 3,497,688 May 603,870 4,235,148 576,143 4,049,040 524,520 3,902,443 552,105 3,848,953 587,633 4,085,321 June 525,258 4,760,406 488,266 4,537,306 461,295 4,363,738 476,625 4,325,578 473,332 4,558,653 July 535,264 5,295,670 502,932 5,040,238 492,063 4,855,801 490,227 4,815,805 457,194 5,015,847 August 488,539 5,784,209 448,667 5,488,905 454,927 5,310,728 444,714 5,260,519 420,105 5,435,952 September 387,452 6,171,661 328,278 5,817,183 359,743 5,670,471 374,590 5,635,109 351,881 5,787,833 October 537,606 6,709,267 492,258 6,309,441 470,931 6,141,402 532,025 6,167,134 469,145 6,256,978 November 651,495 7,360,762 603,366 6,912,807 598,478 6,739,880 652,783 6,819,917 612,470 6,869,448 December 689,000 8,049,762 691,038 7,603,845 676,078 7,415,958 694,399 7,514,316 667,789 7,537,237 TOTALS 8,049,762 7,603,845 7,415,958 7,514,316 7,537,237 *Source: Lee County Port Authority

RSW Airline Passenger Market Share 2011 Airline Total Passengers Market Share % Delta Airlines 1,590,074 21.09 Air Tran Airways 1,314,138 17.43 Southwest Airlines 955,961 12.68 JetBlue Airways 861,767 11.43 US Airways 689,009 9.14 Continental Airlines 581,061 7.71 Spirit Airlines 402,115 5.33 American Airlines 399,039 5.29 Air Berlin 83,709 1.11 Air Canada 83,705 1.11 All Other Airlines 577,167 7.68 TOTAL PASSENGERS 7,537,745 100 *Source: Lee County Port Authority

TRIP ACTIVITIES Perception of Lee County as Expensive Q: From your experience, would you say that our area is more expensive, less expensive, or as expensive as you had expected? 2010 2011 A B Total Respondents 2,015 204 More Expensive 9% 11% Less Expensive 7% 3% As Expected 77% 80% Don t Know/No Answer 7% 6% *Source: Lee County Visitor & Convention Bureau

Lee County Visitor & Convention Bureau December 2011 Travel Decision Influences* Q: When you were talking about coming to Lee County, if one (1) is Not at All Influential and five (5) is Definitely Influential, how strong did the following influence your selection? (*Percentages shown reflect top 2 box scores rating of 4 or 5) 2010 2011 TOTAL RESPONDENTS 205 204 Warm Weather 89% 97% Peaceful/Relaxing 80% 89% White sandy beaches 80% 83% A safe destination 69% 79% Clean, unspoiled environment 69% 76% Convenient Location 73% 76% Good value for the money 68% 68% Plenty to see and do 64% 61% A family atmosphere 56% 58% Reasonably priced lodging 59% 58% Affordable dining 58% 57% Upscale accommodations 41% 53% *Source: Lee County Visitor & Convention Bureau A B

Lee County Visitor & Convention Bureau December 2011 Activities Enjoyed Q: What activities or interests are you enjoying while in Lee County? (Please mark all that apply.) 2010 2011 A B TOTAL RESPONDENTS 205 204 Beaches 95% 96% Relaxing 81% 79% Dining Out 73% 74% Shopping 58% 54% Swimming 37% 45% Shelling 37% 38% Sightseeing 42% 32% Visiting Friends/Relatives 44% 29% Watching Wildlife 26% 27% Bars/Nightlife 27% 23% Attractions 26% 20% Bicycle Riding 19% 20% Photography 24% 19% Bird Watching 19% 18% Exercise/Working Out 23% 16% Boating 14% 11% Fishing 13% 11% Golfing 14% 11%

Residential Stock

City of Sanibel Total Homes Sold 300 250 238 269 266 2003-2012 200 150 156 143 147 144 121 177 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 30 *Source: Marlene Donaldson, VIP Realty 2012 Data through 2/25/2012

City of Sanibel Average Sale Price Single Family Homes 2003-2012 $1,250,000.00 $1,150,000.00 $1,050,000.00 $950,000.00 $850,000.00 $750,000.00 $650,000.00 $550,000.00 $450,000.00 $350,000.00 $250,000.00 $1,144,135 $1,017,864 $1,024,007 $957,315 $851,418 $854,825 $820,569 $775,172 $755,003 2004 2005 2006 2007 2008 2009 2010 2011 2012 *Source: Marlene Donaldson, VIP Realty 2012 Data through 2/25/2012

City of Sanibel Total Condominiums Sold 2003-2012 250 232 200 187 205 150 143 120 143 100 87 94 86 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 19 *Source: Marlene Donaldson, VIP Realty 2012 Data through 2/25/2012

City of Sanibel Average Condominium Sale Price 2003-2012 $950,000.00 $850,000.00 $750,000.00 $650,000.00 $645,460 $641,149 $758,507 $866,972 $782,644 $722,889 $668,227 $608,545 $589,213 $664,462 $550,000.00 $450,000.00 $350,000.00 $250,000.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 *Source: Marlene Donaldson, VIP Realty 2012 Data through 2/25/2012

City of Sanibel Total Lots Sold 2003-2012 80 70 60 54 62 68 50 40 30 20 10 0 18 17 21 11 12 18 4 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 *Source: Marlene Donaldson, VIP Realty 2012 Data through 2/25/2012

City of Sanibel Average Lot Sale Price 2003-2012 $1,150,000.00 $1,050,000.00 $950,000.00 $850,000.00 $750,000.00 $650,000.00 $550,000.00 $450,000.00 $350,000.00 $250,000.00 **$1,080,250 *$854,803 $523,917 $464,811 $496,726 $359,503 $389,213 $336,905 $378,381 $333,136 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: Marlene Donaldson, VIP Realty *2007 Two gulf front lots sold for $3,387,500 and $2,900,000, respectively and one bay front lot sold for $2,025,000, which skewed the average lot sale price due to low number of lot sales. **2012 Data through 2/25/2012

Building Construction Permits 120 City of Sanibel TOTAL SINGLE FAMILY PERMITS 100 98 BUILDING PERMITS 80 60 40 64 41 37 TOTAL SINGLE FAMILY PERMITS 20 27 0 17 17 13 13 10 13 FY 00'-01' 01'-02' 02'-03' 03'-04' 04'-05' 05'-06' 06'-07' 07'-08' 08'-09' 09'-10' 10'-11' FISCAL YEAR

City of Sanibel 5 Year Average Total Construction Cost SINGLE FAMILY RESIDENCES $1,200,000 $1,000,000 $990,353 DOLLAR VALUE $800,000 $600,000 $768,739 $813,671 $682,043 $693,202 $400,000 $200,000 $0 FY '06-'07 FT '07-'08 FY '08-'09 FY '09-'10 FY '10-'11 FISCAL YEAR

City of Sanibel New Single Family Home Construction Average Square Footage 7000 6959 7079 SQUARE FOOTAGE 6000 5000 4000 3000 2000 5920 5331 5677 1000 0 FY '06-'07 FT '07-'08 FY '08-'09 FY '09-'10 FY '10-'11 FISCAL YEAR

City of Sanibel Building REMODEL Permits Issued Fiscal Years 2006-2010 2350 2300 2289 2321 2314 2250 2200 2150 2100 2087 2050 2039 2000 1950 1900 1850 FY' 06-07 FY' 07-08 FY' 08-09 FY' 09-10 FY' 10-11

City of Sanibel Building Permits REMODEL Valuation Fiscal Years 2006-2010 $45,000,000 $40,722,644 $40,000,000 $35,000,000 $35,757,662 $30,000,000 $29,656,571 $26,252,525 $27,474,530 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 FY' 06-07 FY' 07-08 FY' 08-09 FY' 09-10 FY' 10-11

Quality of Life

Sanibel School Enrollment 500 450 400 350 300 250 200 150 100 50 0 Sanibel School Enrollment 440 426 423 406 392 370 381 371 337 341 *Amendment 9 (Class Size Legislation) passed by voters November 2002; Sanibel School has had the same number of classes (18 classes; 2 for each grade level) since 2002. Average class size due to Amendment 9 has been reduced from 26 students to 19. Currently, 3 classes are over the limit which requires a co-teacher in those classes. Waivers for off-island children has decreased from 25% in 2001 to 4% in 2011.

Federally Reported Crimes 2004-2011 200 180 160 140 120 100 80 60 40 20 0 2004 2005 2006 2007 2008 2009 2010 2011 TOTAL U.C.R 178 136 110 115 125 130 120 120

Sanibel Police Department Arrests - Including Criminal Citations 400 350 357 300 250 260 249 200 150 107 130 174 157 153 174 100 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011

Sanibel Police Department Accidents 250 200 221 217 212 201 191 219 189 169 150 100 88 50 0 2003 2004 2005 2006 2007 2008 2009 2010 2011

Sanibel Police Department Tickets Issued (Civil & Criminal) 2500 2000 1994 1500 1334 1447 1478 1283 1000 1066 782 1055 1081 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011

UCR s for Comparable Municipalities Municipality Population Burglary Larceny Aggravated Assault Robbery Murder Rape Vehicle Theft Total UCR s Town of Longboat Key 6,888 13 97 1 0 0 1 0 112 City of Marco Island 16,413 41 161 7 1 0 2 2 *214 City of Sanibel 6,469 24 88 5 0 0 0 3 120 *Unofficial report from Chief Hunter Population Source: US Census 2010

Property Values

City of Sanibel Property Values (in Billions) Property Values 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

City of Sanibel FY12 Property Values by Category Condos $1,479,500,430 (36.03%) Single Family Residential $2,357,158,929 (57.41%) Multi-Family, $46,973,173 (1.14%) Hotels-Motels, $87,010,360 (2.12%) Commercial, $124,672,506 (3.04%) *Other $10,798,424 (.26%) *Other = Culture, Golf Courses, Government and IWA, Warehousing, Churches, Temples, Clubs, Lodges

3.0000 2.7500 0.1145 0.0475 Sanibel Millage Rate History Fiscal Years 2007-2012 Sanibel Millage History 2.5000 2.2500 0.2363 0.1011 0.1080 0.1172 0.1268 0.0456 0.0483 0.0561 0.0595 0.2346 0.2636 0.2856 0.2484 0.2360 0.1263 0.0599 2.0000 1.7500 1.5000 1.2500 2.5000 1.0000 2.1966 2.1561 2.1561 2.1561 2.1038 0.7500 0.5000 0.2500 0.0000 FY2007-2.8983 mils FY2008-2.5779 mils FY2009-2.5760 mils FY2010-2.6150 mils FY2011-2.5908 mils FY2012-2.5260 mils General Operating Voted Debt Service - Sewer Voted Debt Service - Land Voted Debt - Recreation Facility

Taxable Values for other SW Florida Municipalities 25.00 FY 2007-2012 (In Billions) 20.00 15.00 (In Billions) 10.00 5.00 0.00 2007 2008 2009 2010 2011 2012 Cape Coral 21.68 21.02 15.73 10.52 9.04 8.81 Bonita Springs 9.80 11.18 10.15 8.42 7.33 7.02 City of Ft. Myers 5.94 7.05 6.84 5.38 4.49 4.11 Sanibel 4.99 5.20 4.90 4.51 4.21 4.20 Town of Ft. Myers Beach 3.80 3.90 3.40 3.00 2.70 2.50 Source: Lee County Property Appraiser