Bill 16-36 Adopting a Written Fiscal Plan and Establishing a Policy for the Provision of Services to an Annexation Area in Portage Township (Cataldo Annexation Area)

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Cataldo Annexation Area 13 TABLE 1 Summary Table - Estimated Fiscal Impact Expenditures Capital (Est.) Non - Capital Per Year (Est.) Notes 5 -Year Total Street Construction $0 $54,062 Year 2 $0 Sewer Extension $0 Year 4 Connection at petitioner's expense $0 Water Extension $0 Estimated at revenue per mile of $22,700 Connection at petitioner's expense $0 Street Lights $0 $0 Street Maintenance $0 $0 $0 Police $0 $808 $4,040 Fire $0 $678 $3,390 Code $0 $127 $635 Approximate 5 -Year Expenditures $8,065 Revenues Notes Total (Est.) 5 -Year Total Property Taxes (to City) Year 1 $2,886 $54,062 Year 2 $2,886 Year 3 $5,249 Year 4 $5,249 Year 5 $37,792 MVH /LRSA Estimated at revenue per mile of $22,700 $0 $0 Approximate 5 -Year Revenues $54,062 Revenue estimate based on $189,100 net assessment and capped tax rate of 2% of $189,100 gross assessment prior to development; $250,000 net assessment and capped tax rate of 3% of $250,000 gross assessment, first taxable in Year 3; and $1,800,000 net assessment and capped tax rate of 3% of $1,800,000 gross assessment, first taxable in Year 5.