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10-27-08 Council Meeting Agenda & Packet
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10-27-08 Council Meeting Agenda & Packet
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9/12/2012 11:22:31 AM
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10/23/2008 2:13:37 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
10/27/2008
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ESTIMATED TOTAL TAX REVENUE <br />Kendall Weiss, LLP <br />98 Lots @ $150,000 /1-louse <br />*Current tax levy for the 29.1 acres. <br />* *Includes 98 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 />LAND* <br />BUILDINGS ** <br />TOTAL <br />Year 1 <br />$1,561 <br />$36,418 <br />$37,979 <br />Year 2 <br />1,561 <br />36,418 <br />37,979 <br />Year 3 <br />1,561 <br />36,418 <br />37,979 <br />Year 4 <br />1,561 <br />36,418 <br />37,979 <br />Year 5 <br />1,561 <br />36,418 <br />37,979 <br />Total <br />$7,805 <br />$182,090 <br />$189,895 <br />*Current tax levy for the 29.1 acres. <br />* *Includes 98 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 />
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