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Fiscal Plan for Cleland Homes Inc. Annexation Area in German Township
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Fiscal Plan for Cleland Homes Inc. Annexation Area in German Township
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Last modified
12/17/2014 12:31:36 PM
Creation date
12/15/2014 12:16:39 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
1/27/2003
Ord-Res Number
3153-03
Bill Number
03-14
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Cleland Homes, Inc. Annexation Area 10 <br />Summary Table - Fiscal Impact <br />Expenditures <br />Capital (est.) <br />Non - Capital <br />Per Year (est.) <br />5 -Year <br />Sewer Extension <br />$0.00 <br />Developer Cost <br />$0 <br />Water Extension <br />$0.00 <br />Developer Cost <br />$0 <br />Street Lights <br />$0.00 <br />Developer Cost <br />$0 <br />Police <br />$0.00 <br />$19,320.00 <br />$96,600 <br />Fire <br />$0.00 <br />$13,813.00 <br />$69,065 <br />Code <br />$0.00 <br />$1,120.00 <br />$5,600 <br />Street Maintenance <br />$0.00 <br />$7,882.00 <br />$39,410 <br />Street Lights <br />$1,248.00 <br />$6,240 <br />Total <br />$216,915 <br />Revenues <br />Tax Year <br />Property Taxes <br />unincorporated = <br />01102 <br />$678.06 <br />(year 1) <br />02/03 <br />$532 <br />(year 2) <br />03/04 <br />$13,690 <br />(year 3) <br />04/05 <br />$41,071 <br />(year 4) <br />05/06 <br />$82,142 <br />(year 5) <br />06/07 <br />$123,213 <br />MVH/LRSA <br />estimated from 2000 revenue/mile <br />@$12,618 <br />x 5 years <br />$63,090 <br />Total <br />$323,738 <br />Estimated full net assessment: $9,240,000 <br />Estimated tax income per year after full development potential is reached: $191,665 <br />
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