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John D. and Jay L. Gillis Annexation Area 11 <br />TABLE 1 <br />Summary Table — Estimated Fiscal Impact <br />Expenditures <br />Capital (est.) <br />Non - Capital <br />Per Year (est.) <br />5 -Year <br />Sewer Extension <br />$0.00 <br />n/a <br />$0.00 <br />Water Extension <br />$0.00 <br />$0.00 <br />Street Lights <br />$0.00 <br />n/a <br />$0.00 <br />Police <br />$0.00 <br />$156 <br />$780.00 <br />Fire <br />$0.00 <br />$316 <br />$1580.00 <br />Code <br />$0.00 <br />$43 <br />$215.00 <br />Street Maintenance <br />$0.00 <br />$1505 <br />$7525.00 <br />"- -fe— "(.ai_ <br />0 <br />Street Construction <br />$0.00 <br />$0.00 <br />Approximate 5 -Year Cost <br />$10,100.00 <br />Revenues <br />Tax Year <br />@ <br />Property Taxes <br />unincorporated <br />04105 <br />$573 <br />(year 1; 2006) <br />05106 <br />$460 <br />(year 2; 2006) <br />06/07 <br />$500 <br />(year 3; 2007) <br />07/08 <br />$14,000 <br />(year 4; 2008) <br />08/09 <br />$20,000 <br />(year 5; 2009) <br />09/10 <br />$43,000 <br />Note: <br />All Revenues estimated & cumulative <br />0 <br />MVH/LRSA <br />estimated from 2002 revenue /mile <br />@$11,340 <br />x 5 years <br />$19,278 <br />Total <br />$97,811.00 <br />Estimated full net assessment: $2,000,000 (in five years) <br />Estimated tax income per year after full development potential is reached: $43,000 (in five years) <br />File lv,. ClerV's Office <br />?° n <br />Jowl' V0C3r':Dt <br />CITY Ci. ?S, S0.OEIdO, IN. <br />