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Airport Authority Annexation Area 13 <br />TABLE 1 <br />SummaryTable - Estimated Fiscal Impact <br />Expenditures <br />Capital <br />(Est.) <br />Non - Capital <br />Per Year (Est.) <br />Notes <br />5 Year Total <br />Street Construction <br />$0 <br />$111,885 <br />Year 2 <br />$0 <br />Sewer Extension <br />$0 <br />Year 4 <br />Connection at <br />petitioner's <br />expense <br />$0 <br />Water Extension <br />$0 <br />Estimated at revenue <br />per mile of $22,700 <br />Connection at <br />petitioner's <br />expense <br />$0 <br />Street Lights <br />$0 <br />$0 <br />Street Maintenance <br />$0 <br />$4,064 <br />$20,320 <br />Police <br />$0 <br />$5,656 <br />$28,280 <br />Fire <br />$0 <br />$4,746 <br />$23,730 <br />Code <br />$0 <br />$889 <br />$4,445 <br />Approximate 5 -Year Expenditures <br />$76,775 <br />Revenues <br />Notes <br />Tota I ( Est.) <br />5 -Yea r Tota I <br />Property Taxes <br />(to City) <br />Year 1 <br />$0 <br />$111,885 <br />Year 2 <br />$0 <br />Year 3 <br />$12,666 <br />Year 4 <br />$12,666 <br />Year 5 <br />$86,553 <br />MVH /LRSA <br />Estimated at revenue <br />per mile of $22,700 <br />$2,724 <br />$13,620 <br />Approximate 5-Year Revenues <br />$125,505 <br />Revenue estimate based on government ownership in the first two years; $600,000 net <br />assessment and capped tax rate of 3% of $600,000 gross assessment in Years 3 and 4; and <br />$4,100,000 net assessment and capped tax rate of 3% of $4,100,000 gross assessment, <br />first taxable in Year 5. <br />