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Fiscal Plan for Jo Ann Nucci Annexation Area in German Township
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Fiscal Plan for Jo Ann Nucci Annexation Area in German Township
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Last modified
11/6/2014 3:25:47 PM
Creation date
11/6/2014 11:19:47 AM
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Template:
City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/23/2005
Ord-Res Number
3462-05
Bill Number
05-59
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Jo Ann Nucci 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 Facilities <br />$0.00 <br />* See Note Below <br />$ 0 <br />Water Facilities <br />$0.00 <br />* See Note Below <br />$ 0 <br />Street Lights <br />$0.00 <br />$ 0 <br />Police <br />$0.00 <br />$298 <br />$1490.00 <br />Fire <br />$0.00 <br />$211 <br />$1055.00 <br />Code <br />$0.00 <br />$29 <br />$145.00 <br />Street Maintenance <br />$0.00 <br />$0 <br />$0.00 <br />Street Construction <br />$0.00 <br />• See Note Below <br />$ 0 <br />Approximate 5 -Year Expenditures <br />$2,690 <br />Revenues <br />Tax Year <br />@ <br />Property Taxes/year <br />unincorporated <br />03104 <br />$1338 <br />(year 1; 2006) <br />04/05 <br />$1,200 <br />(year 2; 2007) <br />05/06 <br />$2,300 <br />(year 3; 2008) <br />06/07 <br />$2,300 <br />(year 4; 2009) <br />07/08 <br />1 $10,500 <br />(year 5; 2010) <br />08/09 <br />$18,750 <br />Note: <br />All Revenues estimated & are City portion <br />of total tax rate, and do not include <br />Homestead & other Assessments <br />0 <br />MVH/LRSA <br />estimated from 2002 revenue/mile <br />@811,340 <br />x 5 years <br />$0 <br />Approximate 5 -Year Revenues <br />Total <br />$35,050 <br />Projected full net assessment in 2010: $1,000,000 <br />Estimated tax income (City portion) per year after full development potential is reached, estimated <br />to be in the year 2010: $17,000. <br />
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