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Fiscal Plan for Stadium Place Phase II Annexation Area in Clay Township
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Fiscal Plan for Stadium Place Phase II Annexation Area in Clay Township
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Last modified
11/3/2010 3:41:28 PM
Creation date
11/3/2010 3:41:28 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
10/25/2010
Ord-Res Number
4062-10
Bill Number
10-60
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Stadium Village Annexation Area 12 <br />TABLE 1 <br />Summary Table s Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital 5-Year <br /> Per Year (est.) <br />Sewer Extension $0.00 To be <br /> installed by $0.00 <br /> developer <br />Water Extension $0.00 To be <br /> installed by $0.00 <br /> developer <br /> To be <br />Street Lights $0.00 installed by $0.00 <br /> developer <br />Police $0.00 $1,124 $5,620 <br />Fire &EMS $0.00 $1,172 $5,860 <br />Code $0.00 $94 $470 <br />Street Maintenance 0.00 $92 $460 <br />Street Construction $0.00 To be <br />installed by <br />$0.00 <br /> developer <br />Approximate 5-Year Cost $12,410.00 <br /> <br />Revenues Tax Year @ <br />Property Taxes unincorporated <br />(est) <br /> (year 1; 2011) 06/09 $42,000 <br /> (year 2; 2012) 07/10 $84,000 <br /> (year 3; 2013) 08/11 $126,000 <br /> (year 4; 2014) 10/12 $168,000 <br /> (year 5; 2015) 11/13 $210,000 <br />Note: All Revenues estimated & <br /> cumulative <br />MVH/LRSA estimated from revenue/mile <br />X 5 years <br />$429 <br /> @$11,340 <br /> Total $210,429 <br />A. Revenue estimate based on $100,000 average per unit assessed value for 21 rental units, <br />taxed at two percent of assessed value. <br />
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