Fiscal Plan for Meadow Wood II Annexation Area in German Township

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Meadow Wood 11 Annexation Area H. Tax Rate The tax rates used are those of 1996 payable in 1997. The Township Rate will decrease by $.5426 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, the Fire Debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $7.024 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 $6.4814 per $100.00 of assessed valuation. Table 2 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments Net Assessment 1996 payable 1997, St. Joseph County Auditor property tax records: Net Assessment: $1,930.00 J. Councilmanic District The Annexation Area will be in Councilmanic District 1. K. Hiring Plan It is anticipated that this annexation will not result in the elimination of jobs for employees of any other governmental entities. The German Township Trustee has been notified of this annexation. SECTION III. MUNICIPAL SERVICES A. Public Works Sanitary sewer and City water are available from Field Pointe Subdivision. There are 6 -inch and 8 -inch water lines existing in Stone Briar Drive and Sandwood Drive. Stone Briar and Sandwood Drives have existing 8 -inch sanitary sewers. The City will provide new street lighting on annexed Brick Road within one year of the effective annexation date. Other public improvements will be made at the expense of the developer. The Department of Public Works will be able to maintain any additional public improvements without additional capital expense.