Fiscal Plan for Park Annexation Area in German Township

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Park Annexation Area SECTION IV. FISCAL IMPACT The cost of providing city services to the Annexation Area can be absorbed by Department budgets: 1) essential city services and facilities are or can be made available to the residents of the Annexation Area 2) the city is physically and financially able to provide city services to the territory sought to be annexed Summary Table - Fiscal Impact All figures are estimates. Final cost of capital expenditures, if any, will not be determined until bids are publicly solicited, contracts are awarded and projects are closed out. Property tax estimates are based on 1997 payable 1998 tax rates, taxes paid in previous years by a comparable development, estimates of units built, and no tax abatements. Tax rates are subject to change every year. SECTION V. APPROVAL Approved by the City of South Bend Common Council this day of 1998. Capital & Non - Capital Expenditures (est.) Revenue (est.) `1998 -2001 Extension Lift Station / Sewer $0.00 Water $0.00 Street Lights $0.00 Police $0.00 Fire $0.00 Code $0.00 Sanitation $0.00 Property Tax tax year 97/98 (unincorporated) $203.40 est.; 0 units tax year 98/99 $325 est.; 0 units tax year 99/2000 $341 est.; 15 units tax year 2000/2001 $17,500 TOTAL $0.00 $18,369.40 All figures are estimates. Final cost of capital expenditures, if any, will not be determined until bids are publicly solicited, contracts are awarded and projects are closed out. Property tax estimates are based on 1997 payable 1998 tax rates, taxes paid in previous years by a comparable development, estimates of units built, and no tax abatements. Tax rates are subject to change every year. SECTION V. APPROVAL Approved by the City of South Bend Common Council this day of 1998.