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Kidder Annexation <br />SECTION IV. FISCAL IMPACT <br />The cost of providing city services to the Annexation Area can be absorbed by Department <br />budgets. No capital expenditures are anticipated: <br />1) essential city services and facilities are or can be made available to the residents of the <br />Annexation Area <br />2) the city is physically and financially able to provide city services to the territory sought to <br />be annexed <br />Summary Table - Fiscal Impact <br />All figures are estimates. Final cost of capital expenditures, if any, will not be determined until <br />bids are publicly solicited, contracts are awarded and projects are closed out. Property tax <br />estimates are based on 1996 payable 1997 tax rates, and taxes paid in previous years by a <br />comparable development. Tax rates are subject to change every year. <br />SECTION V. APPROVAL <br />Approved by the City of South Bend Common Council this day of , 1998 <br />Capital & Non - Capital Expenditures (est.) <br />Revenue (est.) <br />1998 -2002 <br />Extension <br />Lift Station / Sewer <br />$0.00 <br />Water <br />$0.00 <br />Street Lights <br />$0.00 <br />Police <br />$0.00 <br />Fire <br />$0.00 <br />Code <br />$0.00 <br />Sanitation <br />$0.00 <br />Property Tax (est.) <br />tax year 98/99 <br />vacant <br />$186 <br />tax year 99/2000 <br />vacant <br />$196 <br />tax year 2000/2001 <br />built <br />$10401 <br />tax year 2001/2002 <br />built <br />$10401 <br />TOTAL <br />$0.00 <br />$21,184.00 <br />All figures are estimates. Final cost of capital expenditures, if any, will not be determined until <br />bids are publicly solicited, contracts are awarded and projects are closed out. Property tax <br />estimates are based on 1996 payable 1997 tax rates, and taxes paid in previous years by a <br />comparable development. Tax rates are subject to change every year. <br />SECTION V. APPROVAL <br />Approved by the City of South Bend Common Council this day of , 1998 <br />