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South Bend Chocolate 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 $3,392 $16,960 <br /> Fire $0 $3,072 $15,360 <br /> Code $0 $496 $2,480 <br /> Approximate 5-Year Expenditures $34,800 <br /> Revenues Notes Total (Est.) 5-Year Total <br /> Year 1 $7,640 <br /> Year 2 $31,365 <br /> Property Taxes Year 3 $31,365 5252,290 <br /> (to City) <br /> Year 4 $90,960 <br /> Year 5 $90,960 <br /> Estimated at revenue <br /> MVH/LRSA per mile of$23,763 $0 $0 <br /> Approximate 5-Year Revenues $252,290 <br /> Revenue estimate based on $365,300 net assessment and capped tax rate of 3% of <br /> $365,300 gross assessment in Year 1; $1,500,000 net assessment and capped tax rate of <br /> 3% of$1,500,000 gross assessment in Years 2 and 3; and $4,350,000 net assessment and <br /> capped tax rate of 3% of$4,350,000 gross assessment, first taxable in Year 4. <br />