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Fiscal Plan for Gregory A. Kizer & Marylou Kizer Annexation Area in German Township
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Fiscal Plan for Gregory A. Kizer & Marylou Kizer Annexation Area in German Township
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Last modified
11/10/2014 11:28:51 AM
Creation date
11/10/2014 10:22:08 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/28/2005
Ord-Res Number
3422-05
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Gregory A. Kizer & Marylou Kizer Annexation Area 10 <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 />$104 <br />$520.00 <br />Fire <br />$0.00 <br />$210 <br />$1050.00 <br />Code <br />$0.00 <br />$28 <br />$140.00 <br />Street Maintenance <br />$0.00 <br />$473 <br />$2365.00 <br />0 <br />Street Construction <br />$0.00 <br />$0.00 <br />Approximate 5 -Year Cost <br />$4,075.00 <br />Revenues <br />Tax Year <br />@ <br />Property Taxes <br />unincorporated <br />03104 <br />$886 <br />(year 1; 2005) <br />04105 <br />$1,700 <br />(year 2; 2006) <br />05/06 <br />$8,600 <br />(year 3; 2007) <br />06/07 <br />$17,000 <br />(year 4; 2008) <br />07/08 <br />$17,000 <br />(year 5; 2009) <br />08/09 <br />$17,000 <br />Note: <br />All Revenues estimated & cumulative <br />0 <br />MVH/LRSA <br />estimated from 2002 revenue/mile <br />@$11,340 <br />x S years <br />$1,700 <br />Total <br />$63,824.00 <br />Estimated full net assessment: $451,000 (in five years) <br />Estimated tax income per year after full development potential is reached: $17,000 (in five years) <br />
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