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Willis-Dunn (Rockne's Reserve)Annexation Area 12 <br /> TABLE 1 <br /> Summary Table - Estimated Fiscal Impact <br /> Capital Non-Capital <br /> Expenditures 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 $9,987 $49,935 <br /> Police $0 $8,120 $40,600 <br /> Fire $0 $6,741 $33,705 <br /> Neighborhood $0 $1,078 $5,390 <br /> Services <br /> Approximate 5-Year Expenditures $129,630 <br /> Revenues Notes Total (Est.) 5-Year Total <br /> Year 1 $12,222.77 <br /> Year 2 $12,222.77 <br /> Property Taxes Year 3 $990,167.46 $4,975,282.86 <br /> (to City) <br /> Year 4 $1,980,334.93 <br /> Year 5 $1,980,334.93 <br /> MVH/LRSA Estimated at revenue $6,497 $32,487 <br /> per mile of$32,487 <br /> Approximate 5-Year Revenues $5,007,769.86 <br /> Revenue estimate based on $512,700 net land value assessment after the homes are <br /> demolished, going to $46,399,600 net assessment after half of the units are built by Year 3 <br /> and $92,799,200 when complete in Year 4.They are capped tax rate of 2% of$512,700 gross <br /> assessment in Year 1 and 2.. Using comparables, a capped 1.75%tax rate was estimated with <br /> the assumption that 25%of the units will qualify for the homestead exemption.This would apply <br /> to the net assessment of$46,399,600 in Year 3 and $92,799,200 in Years 4 and 5. <br />