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Stadium Village Annexation Area 13 <br />TABLE 1 <br />Summary Table -Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital <br />Per Year (est.) <br />5-Year <br />Sewer Extension $0.00 To be installed <br />by developer $0.00 <br />Water Extension 50.00 To be installed <br />by developer 50.00 <br />Street Lights 50.00 To be installed <br />by developer 50.00 <br />Police 50.00 $6,690 533,450.00 <br />Fire &EMS 50.00 $6,990 $34,950.00 <br />Code 50.00 5690 53450.00 <br /> 0 <br />Street Maintenance 0.00 $753.78 $3768.90 <br />Street Construction 50.00 To be installed <br />by developer <br />50.00 <br />Approximate 5-Year Cost 575,618.90 <br /> <br />Revenues Tax Year <br />Property Taxes (est) unincorporated 1 //06 53.29.47 <br /> (year 1; 2007) 06/07 5394,601 <br /> (year 2; 2008) 07/08 S789202 <br /> (year 3; 2009) 08/09 S 1,003,659 <br /> (year 4; 2010) 10/11 51,003,659 <br /> (year 5; 2011) 11/12 S1,003,659 <br />Note: All Revenues estimated & cumulative <br />ti1VH/LRSA estimated from 2001 revenue/mile <br />.511.340 <br />X ~}'ears 53,232 <br /> Total S1,006,891 <br />A. Estimated full net assessment in three years: 5,850,000 <br />B. Estimated tax income per year after full development potential is reached in three years: 51,003,659. Includes 30 of <br />the total 60 planned condo-hotel units to be sold as condominiums. <br />C. Estimates based on 5150,000 average per unit assessed value for 14 attached single-family units and 5125,000 for <br />condoibotel units. Tax income calculation uses 2005 pay 2006 Clay Township Total Tax Rate and associateb credits. <br />