Fiscal Plan for Wal-mart Portage Annexation Area in German Township

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Wal -Mart Portage 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 1996 payable 1997 tax rates, and taxes paid in previous years by a comparable development. 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.) 1996 -1999 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 (est.) tax year 96/97 (part in city) $67 tax year 97/98 $780 tax year 98/99 $85,500 tax year 99/2000 $95,000 TOTAL $0.00 $181,347.00 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 1996 payable 1997 tax rates, and taxes paid in previous years by a comparable development. Tax rates are subject to change every year. SECTION V. APPROVAL Approved by the City of South Bend Common Council this day of , 1998.