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Confirming Tax Abatement - Lot Numbers 1 through 141 all in Southfield Lake - LLE Real Estate, LLP
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Confirming Tax Abatement - Lot Numbers 1 through 141 all in Southfield Lake - LLE Real Estate, LLP
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Last modified
9/12/2012 10:02:18 AM
Creation date
10/16/2008 2:34:08 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/22/2008
Ord-Res Number
3908-08
Bill Number
08-87
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ESTIMATED TOTAL TAX REVENUE <br />LLE Real Estate, LLP <br />141 Lots @ $160,000 /House <br />*Current tax levy for the 54.7 acres. <br />* *Includes141 houses. Column total <br />is net increase in tax revenue as a <br />result of the project over its 5 -year <br />tax abatement term. <br />�f p� <br />i <br />LAND" <br />BUILDINGS'" <br />TOTAL <br />Year 1 <br />$4,580 <br />$50,363 <br />$54,943 <br />Year 2 <br />4,580 <br />50,363 <br />54,943 <br />Year 3 <br />4,580 <br />50,363 <br />54,943 <br />Year 4 <br />4,580 <br />50,363 <br />54,943 <br />Year 5 <br />4,580 <br />50,363 <br />54,943 <br />Total <br />$22,900 <br />$251,815 <br />$274,715 <br />*Current tax levy for the 54.7 acres. <br />* *Includes141 houses. Column total <br />is net increase in tax revenue as a <br />result of the project over its 5 -year <br />tax abatement term. <br />�f p� <br />i <br />
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