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EddyStreet-Edison Road Annexation Area 12 <br />TABLE 1 <br />Summary Table -Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital <br />Per Year (est.) <br />5-Year <br />Sewer Extension $0.00 TBD $0.00 <br />Water Extension $0.00 TBD $0.00 <br />Street Lights $0.00 To be installed <br />by developer 80.00 <br />Police $0.00 $45,046 $225,230.00 <br />Fire &EMS $0.00 $47,066 $235,330.00 <br />Code $0.00 $4,646 $23,230.00 <br /> 0 <br />Street Maintenance 0.00 $5554 $27,770.00 <br />Street Construction $0.00 TBD $0.00 <br />Approximate 5-Year Cost $511,560.00 <br /> <br />Revenues Tax Year (c~ <br />Property Taxes (est) unincorporated 05/06 NA <br /> (year 1; 2007) 06/07 $194,760.72 <br /> (year 2; 2008) 07/08 $185,486.40 <br /> (year 3; 2009) 08/09 $185,486.40 <br /> (year 4; 2010) 10/11 $185,486.40 <br /> (year 5; 2011) 11/12 $185,486.40 <br />Note: All Revenues estimated & cumulative <br />MVH/LRSA estimated from 200/ revenue/mile <br />$11,340 X S years $23,814 <br /> <br /> Total $757,343 <br />A. Estimated full net assessment in five years: $18,180,000 <br />B. Estimated tax income per year after full development potential is reached in five years: <br />$733,529. Does not include proposed retail components. <br />C. Estimates based on $180,000 average per unit assessed value for 101 units. Tax income <br />calculation uses 2005 pay 2006 Portage Township Total Tax Rate and associated credits. <br />