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Portage Road Unincorporated Triangle Annexation Area 11 <br />TABLE 1 <br />Summary Table B Estimated Fiscal Impact <br />Utilizing New 3% Property Tax Cap on Businesses* <br />Expenditures Capital (est.) Non -Capital <br />Per Year (est.) <br />5-Year <br />Sewer Extension $0.00 n/a $0.00 <br />Water Extension $0.00 $0.00 <br />Street Lights $0.00 $0.00 <br />Police $562 $2,810 <br />Fire &EMS $586 $2,930 <br />.Code $47 $235 <br />Street Maintenance $0** $.00 <br />Street Construction $0.00 $0.00 <br />Approximate 5-Year Cost $5,975 <br /> <br />Revenues Tax Year @ <br />Property Taxes (est) unincorporated 07/08 NA <br /> (year 1; 2009) 08/09 $5,475 <br /> (year 2; 2010) 09/10 $16,426 <br /> (year 3; 2011) 10/il $27.375 <br /> (year 4; 2012) 11/12 $38,325 <br /> (year 5; 2013) 12/13 $49,275 <br />Note: All Revenues estimated & cumulative <br />MVH/LRSA estimated from 2001 revenue/mile <br />@ Ii 340** x 5 years <br />$0 <br /> <br />Approximate 5-Year Revenue $49,275 <br />Estimated full net assessment in 2010: $365,000,00 <br />Estimated tax income per year after full development potential is reached in 2010: <br />($365,000.00 X 0.03 =$10,950) $10,950. Please know that under the former <br />property tax system the estimated tax income per year after full development would <br />be $14,400.00, and the approximate 5-year revenue would be $72,000 (a difference <br />of $22,725). <br />*Based upon preliminary understanding of law passed on 3/14/08. <br />**No new roadways will be added to the City's inventory <br />