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Fiscal Plan for Mark J. Halasz Annexation Area in Centre Township
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Fiscal Plan for Mark J. Halasz Annexation Area in Centre Township
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Last modified
11/10/2014 11:29:07 AM
Creation date
11/7/2014 9:29:17 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/9/2005
Ord-Res Number
3454-05
Bill Number
21-05
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Mark J. Hal= 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 />$0.00 <br />$ 0 <br />Water Facilities <br />$0.00 <br />$ 0 <br />Street Lights <br />$0.00 <br />$ 0 <br />Police <br />$0.00 <br />$5,055 <br />$25,275.00 <br />Fire <br />$0.00 <br />$3,581 <br />$17,905.00 <br />Code <br />$0.00 <br />$487 <br />$2435.00 <br />Street Maintenance <br />$0.00 <br />$563 <br />$2815.00 <br />Street Construction <br />$0.00 <br />$ 0 <br />Approximate 5 -Year Expenditures <br />$48,430 <br />Revenues <br />Tax Year <br />@ <br />Property Taxes/year <br />unincorporated <br />03104 <br />$1154 <br />(year 1;2006) <br />04/05 <br />$925 <br />(year 2; 2007) <br />05/06 <br />$1,851 <br />(year 3; 2008) <br />06/07 <br />1 $8,989 <br />(year 4; 2009) <br />07/08 <br />$20,887 <br />(year 5; 2010) <br />08/09 <br />$32,784 <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 1001 revenue/mile <br />@$11,340 <br />x5years <br />$1,928 <br />Approximate 5 -Year Revenues <br />Total <br />$67,364 <br />Projected full net assessment in 2010: $2,550,000 <br />Estimated tax income (City portion) per year after full development potential is reached, estimated <br />to be in the year 2010: $40,500. <br />
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