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Confirming Tax Abatement - Kendall-Weiss, LLP Lafayette Falls - Phase IV Lots 285-313, 340-383, 385-394 & 436-450 (5 Year Residential Property)
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Confirming Tax Abatement - Kendall-Weiss, LLP Lafayette Falls - Phase IV Lots 285-313, 340-383, 385-394 & 436-450 (5 Year Residential Property)
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Last modified
11/19/2008 2:05:09 PM
Creation date
11/19/2008 1:37:42 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
11/10/2008
Ord-Res Number
3919-08
Bill Number
08-98
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ESTIMATED TOTAL TAX REVENUE <br />Kendall -Weiss, LLP <br />98 Lots @ $150,000/House <br /> LAND" BUILDINGS'`'` TOTAL <br />Year 1 $1,561 $36,418 $37,979 <br />Year 2 1,561 36,418 37,979 <br />Year 3 1,561 36,418 37,979 <br />Year4 1,561 36,418 37,979 <br />Year 5 1,561 36,418 37,979 <br />Total $7,805 $182,090 $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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