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Lafayette Falls Extension Annexation Area 12 <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 $67,997 $339,985 <br /> Police $0 $127,539 $637,695 <br /> • <br /> Fire $0 $105,339 $526,695 <br /> Neighborhood $0 $18,093 $90,465 <br /> Services <br /> Approximate 5-Year Expenditures $1,594,840 <br /> Revenues Notes Total (Est.) 5-Year Total <br /> Year 1 $1,182 <br /> Year 2 $39,817 <br /> Property Taxes Year 3 $79,634 $399,344 <br /> (to City) <br /> Year 4 $119,451 <br /> Year 5 $159,268 <br /> MVH/LRSA Estimated at revenue $31,240 $156,200 <br /> per mile of$33,234 <br /> Approximate 5-Year Revenues $555,544 <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. <br />