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SECTION V. FISCAL IMPACT <br />Based upon the service reports provided by City agencies, the <br />fiscal impact upon the City will be minimal, and services of a <br />capital nature will not be necessary to be provided in the next <br />three years. None of the City departments anticipate capital <br />expenditures in the provision of services to the Annexation Area. <br />Administrative costs, or expenditures of a non - capital nature will <br />be absorbed by the City budget. <br />SECTION VI. RECOMMENDATION <br />This fiscal plan shows that the Annexation Area meets the <br />requirements of the applicable State Statutes, and that the City <br />is physically and financially able to provide municipal services <br />to the territory seeking voluntary annexation. <br />It is recommended that this fiscal plan be adopted and that the <br />Petition for Annexation into the City of South Bend be approved <br />and that the Annexation Area be accepted into the City after <br />passage of the annexation ordinance, approval by the Mayor, and <br />proper publication and notice. <br />3 <br />