Fiscal Plan for VOCO, Inc. Annexation Area in Penn Township

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VOCO, Inc. Annexation Area 4 D. Size of Annexation Area The Annexation Area is 13.37 acres in area. E. Buildings and Land Use The site is vacant. F. Zoning & Subdivisions The site is zoned "R" Residential in unincorporated St. Joseph County. The Area is proposed to be zoned "C" Commercial upon annexation. There is no recorded subdivision as of the date of the preparation of this fiscal plan. G. Population There is no resident population within the Annexation Area. H. Tax Rate The tax rates used are those of 1999 payable in 2000. The Township Rate will decrease by $.4478 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, Fire Debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $7.7255 with the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $7.2777 per $100.00 of assessed valuation. Table 2 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 1999 payable 2000, St. Joseph County Auditor property tax records: Land: $1,630 Improvements: $0 Non - Profit: $0 Net: $1,630 J. Municipal Legislative District The Annexation Area will be in the 5th District.