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Drake Annexation Area <br />13 <br />TABLE 1 <br />Summary Table -Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital <br />Per Year (est.) 5-Year <br />Sewer Extension $0.00 To be installed <br />by developer <br />$0.00 <br />Water Extension $0.00 To be installed <br />by developer $0.00 <br />Street Lights $0.00 To be installed <br />by developer $0.00 <br />Police $0.00 $446 $2230.00 <br />Fire &EMS $0.00 $466 $2330.00 <br />Code $0.00 $46 $230.00 <br /> 0 <br />Street Maintenance 0.00 $0 $0.00 <br />Street Construction $0.00 To be installed <br />by developer <br />$0.00 <br />Approximate 5-Year Cost $4,790.00 <br /> <br />Revenues Tax Year (a7 <br />l <br />Property Taxes (est) unincorporated 11/06 $ <br /> (year 1; 2007) 06/07 $ <br /> (year 2; 2008) 07/08 $28,130 <br /> (year 3; 2009) 08/09 $28,130 <br /> (year 4; 2010) 10/11 $28,130 <br /> (year 5; 2011) 11/12 $28,130 <br />Note: All Revenues estimated & cumulative <br />MVH/LRSA estimated. from 2001 revenue/mile <br />$11,340 X S years $ 0 <br /> Total $112,520 <br />A. Estimated full net assessment in two years: $350,000 <br />B. Estimated tax income per year a$er full development potential is reached in two years: $28,130 <br />C. Estimates based on $350,000 net assessment of new motel development. Tax income calculation uses 2005 pay <br />2006 Centre Township Total Tax Rate and associated credits. <br />