03/18/74 Board of Public Works Minutes

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REGULAR MEETING MARCH 18 1974 SECTION 5. The Board of Public Works determines that the revenue to the City to be anticipated from such annexation will be derived from the following: A. Property tax revenue based upon assessed valuation of $8,662,550 would produce $436,592 per year to be derived from tax payment made for 1974 payable 1975 taxes. B. Revenue from distribution of State collected taxes from motor vehicle highway tax, special $.02 motor vehicle highway tax, cigarette tqx to general fund and cigarette tax to cumulative capital improvement fund is estimated at $21.06 per capita for a total available distribution of $158,076 per annum. C. Estimated revenue sharing distribution from the federal government based upon present sharing would be in the amoutn of $56,800 per annum. D. Total estimated revenue from the territory to be annexed would be $651,469. E. Total cost of services to be furnished to the area to be annexed including all governmental and proprietary services is estimated at $457,358. Adopted this 18th day of March, 1974. BOARD OF PUBLIC WORKS s/ Rollin E. Farrand s/ James R. Seitz s/ James V. Barcome 11 ATTEST: s/ Patricia DeClercq, Clerk EXHIBIT A Beginning at a point in the present city limits line which point is at the intersection of the (future) centerline of Kaley Street and northwesterly right- of-way line of Prairie Avenue (State Rd. 23) this point is also the most south- westerly point in Homeland Addition in the northwest V of Section 22, Twp. 37 North, Range 2 East, Portage Twp., St. Joseph County, Indiana; thence southwesterly along.the northwesterly right-of-way line of Liberty Hwy., State Route 23 to the south line of Section 21, Twp. 37 North, Range 2 East which south line is the boundary line between Portage Twp, and Greene Twp; thence west along the south line of Section 21, Twp. 37 North, Range 2 East to the southwest corner of said Section 21; thence to the southeast corner of Section 20, Twp. 37 North, Range 2 East; thence due west along the south line of said Section 20 to the southwest corner of said Section 20; thence to the southeast corner of Section 19, Twp. 37 North, Range 2 East; thence due west along the south line of Section 19, to the southwest corner of said Section 19; thence due north a distance of four miles plus or minus along the west boundary line of Portage Twp. to the northwest corner of Section 6, Twp. 37 North, Rante 2 East; thence to the southwest corner of Section 31, Twp. 38 North, Range 2 East; thence due north a distance of four and fivty seven hundredths (4.57) miles along the west boundary line of German Twp, to the Indiana and Michigan state line; thence due east along the Indiana and Michigan state line a distance of four and eight tenths (4.8) miles plus or minus to a point where the west line of Dixie View 2nd Addition extended to the north would intersect the Indiana and Michigan State line; thence south along the west line of Dixie View 2nd Addition a distance of eight hundred and thirty two and forty seven hundredths (832.47) feet plus or minus; n