Fiscal Plan for Kalyawongsa Annexation Area in Penn Township

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Assessments Net assessments noted are from the 1991 payable 1992 property tax records. Real Property $12,910.00 Personal Property 0.00 TOTAL $12,910.00 Property tax records indicate that the property tax bill for the Annexation Area payable in 1992 is $1,213.16. Assuming that factors remain constant, the property tax bill for the Annexation Area upon incorporation would be approximately $1,744.00, an increase of about $531.00 or 43.8 %. J. Councilmanic District The Annexation Area will be assigned to Councilmanic District 5. K. Comparable Area One of the requirements of the Fiscal Plan is to show that the Annexation Area will receive services in a manner equivalent in standard and scope to services provided to areas within the City that have similar topography, patterns of land use, and population density. The comparable area shown for this Fiscal Plan is located on the west side of Ironwood Road approximately 400 feet south of Altgeld Street. The comparable area is located in a moderately rolling area, approximating the Annexation Area. There are several large parcels with single family homes in an area zoned for single family purposes. The comparable area is approximately 18.02 acres. Based on the previously established population per unit of 2.31, the comparable area, with 4 single family structures, would have a population of 9.24. This would calculate into a population density of .51 people per acre. Annexation Area Comparable Area topography - moderately rolling moderately rolling land use - residential residential density - .56 /acre .51 /acre Service delivery by the respective City agencies and departments is expected to be fully provided to the Annexation Area at the same level of service as is currently being provided to the comparable area.