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17-78 Fiscal Plan for Baney Annexation
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17-78 Fiscal Plan for Baney Annexation
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Last modified
12/5/2017 2:26:03 PM
Creation date
12/5/2017 2:25:57 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
12/11/2017
Bill Number
17-78
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Baney Annexation Area 13 <br /> TABLE 1 <br /> Summary Table - Estimated Fiscal Impact <br /> Expenditures Capital Non-Capital Notes 5-Year Total <br /> (Est.) Per Year (Est.) <br /> Street Construction $0 $0 <br /> Connection at <br /> Sewer Extension $0 petitioner's $0 <br /> expense <br /> Connection at <br /> Water Extension $0 petitioner's $0 <br /> expense <br /> Street Lights $0 $0 <br /> Street Maintenance $0 $0 $0 <br /> Police $0 $794 $3,970 <br /> Fire $0 $718 $3,590 <br /> Code $0 $78 $390 <br /> Approximate 5-Year Expenditures $7,950 <br /> Revenues Notes Total (Est.) 5-Year Total <br /> Year l- $685 <br /> Year 2 $535 <br /> Property Taxes Year 3 $535 $89,955 <br /> (to City) <br /> Year 4 $44,100 <br /> Year 5 $44,100 <br /> MVH/LRSA Estimated at revenue $0 $0 <br /> per mile of$22,520 <br /> Approximate 5-Year Revenues $89,955 <br /> Revenue estimate based on $25,500 net assessment and capped tax rate of 1% of <br /> $101,600 gross assessment in Year 1; $20,300 net assessment and capped tax rate of 3% <br /> of$20,300 gross assessment in Years 2 and 3; and $2,100,000 net assessment and capped <br /> tax rate of 3% of$2,100,000 gross assessment, first taxable in Year 4. <br />
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