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Fiscal Plan for Shoemaker Annexation Area Centre Township, U.S. 31 South
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Fiscal Plan for Shoemaker Annexation Area Centre Township, U.S. 31 South
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Last modified
10/3/2007 4:34:01 PM
Creation date
10/3/2007 4:34:01 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/12/2007
Ord-Res Number
3696-07
Bill Number
07-20
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Shoernaker.9nneration Area <br />/? <br />TABLE 1 <br />Summary Table -Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital <br />Per Year (est.) 5-Year <br />Sewer Extension 50.00 To be installed <br />by developer 50.00 <br />Water Extension 50.00 To be installed <br />by developer <br />50.00 <br />Street Lights 50.00 To be installed <br />by developer 50.00 <br />Police $0.00 5446 52230.00 <br />Fire &EMS 50.00 5466 52330.00 <br />Code 50.00 5`16 5230.00 <br /> 0 <br />Street Maintenance 0.00 50 50.00 <br />Street Construction 50.00 50.00 <br />Approximate 5-Year Cost S8,558.90 <br /> <br />Revenues Tax Year <br />Property Taxes (est) unincorporated 12/06 5 <br /> (year 1; 2007) 06107 SO <br /> (year 2; 2008) 07;08 S1,869 <br /> (year 3; 2009) 08109 S 1,869 <br /> (year 4; 2010) 10/11 51,369 <br /> (year ~; 2011) 11/12 51,869 <br />Note: All Revenues estimated R: cumulatiti•e <br />~1VH.%LRSA estimated_from 200/ retiemre/mile <br />.511,340 <br />X ~ }•ears S1,758 <br /> Total S9,234 <br />A. Estimated full net assessment in two years: 546,00 <br />B. Estimated tax income per year after full development potential is reached in two years: S 1,869 <br />C. Estimates based on 546,00 net assessment of new office/retail development. Tax income calculation uses 200 pay <br />2006 Centre Towttship Total Tax Rate and associated credits. <br />~il~~ ~~~ ~:~~~~' ®f~ice <br />F E B 7 2007 <br />aar~rl voasca <br />
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