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Fox Creek Annexation Area 12 <br /> <br /> <br /> <br />TABLE 1 <br /> <br /> Summary Table – Estimated Fiscal Impact <br /> <br /> <br />Expenditures Capital <br />(Est.) <br />Non-Capital <br />Per Year (Est.) Notes 5-Year Total <br />Street Construction $0 $0 <br />Sewer Extension $0 <br />Connection at <br />petitioner’s <br />expense <br />$0 <br />Water Extension $0 <br />Connection at <br />petitioner’s <br />expense <br />$0 <br />Street Lights $0 $0 <br />Street Maintenance $0 $0 $0 <br />Police $0 $48,258 $241,290 <br />Fire $0 $39,858 $199,290 <br />Neighborhood <br />Services $0 $6,846 $34,230 <br />Approximate 5-Year Expenditures $474,810 <br /> <br />Revenues Notes Total (Est.) 5-Year Total <br />Property Taxes <br />(to City) <br />Year 1 $619 <br />$199,693 <br />Year 2 $33,179 <br />Year 3 $33,179 <br />Year 4 $66,358 <br />Year 5 $66,358 <br />MVH/LRSA Estimated at revenue <br />per mile of $33,234 $0 $0 <br />Approximate 5-Year Revenues $199,693 <br /> <br />Revenue estimate based on $32,700 net assessment and capped tax rate of 3% of $32,700 <br />gross assessment in Year 1, $2,424,000 net assessment and capped tax rate of 1% of <br />$5,000,000 gross assessment in Years 2 and 3, and $4,848,000 net assessment and <br />capped tax rate of 1% of $10,000,000 gross assessment in Years 4 and 5.