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Lafayette Falls Extension 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 $67,997 $339,985 <br />Police $0 $127,539 $637,695 <br />Fire $0 $105,339 $526,695 <br />Neighborhood <br />Services $0 $18,093 $90,465 <br />Approximate 5-Year Expenditures $1,594,840 <br /> <br />Revenues Notes Total (Est.) 5-Year Total <br />Property Taxes <br />(to City) <br />Year 1 $1,182 <br />$399,344 <br />Year 2 $39,817 <br />Year 3 $79,634 <br />Year 4 $119,451 <br />Year 5 $159,268 <br />MVH/LRSA Estimated at revenue <br />per mile of $33,234 $31,240 $156,200 <br />Approximate 5-Year Revenues $555,544 <br /> <br />Revenue estimate based on $62,400 net assessment and capped tax rate of 3% of $62,400 <br />gross assessment in Year 1, $2,908,000 net assessment and capped tax rate of 1% of <br />$6,000,000 gross assessment in Year 2, $5,816,000 net assessment and capped tax rate of <br />1% of $12,000,000 gross assessment in Year 3, $8,724,000 net assessment and capped tax <br />rate of 1% of $18,000,000 gross assessment in Year 4, and $11,632,000 net assessment <br />and capped tax rate of 1% of $24,000,000 gross assessment in Year 5.