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Douglas Road Annexation Area 12 <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 $0.00 <br />Water Extension $0.00 To be installed <br />by developer <br />$0.00 <br />Street Lights $0.00 N/A $0.00 <br />Police $0.00 $1,338 $6690.00 <br />Fire &EMS $0.00 $1,398 $6990.00 <br />Code $0.00 $138 $690.00 <br /> 0 <br />Street Maintenance 0.00 $1,428.19 $7,140.95 <br />Street Construction $0.00 N/A $0.00 <br />Approximate 5-Year Cost $21,510.95 <br /> <br />Revenues Tax Year (a~ <br />Property Taxes (est) unincorporated 11/06 ~ <br /> (year 1; 2007) 06J07 $ <br /> (year 2; 2008) 07/08 $28,668 <br /> (year 3; 2009) 08/09 $57,336 <br /> (year 4; 2010) 10/11 $86,004 <br /> (year 5; 2011) 11/12 $114,672 <br />Note: All Revenues estimated & cumulative <br />MVH/LRSA estimated.from 2001 revenue/mile <br />$11, 340 X S years $6,123.60 <br /> Total $120,795.60 <br />A. Estimated full net assessment in rivo years: $425,968 <br />B. Estimated tax income per year after full development potential is reached in two years: $ <br />C. Estimates based on comparable commercial properties in close proximity to Annexation Area. Tax income <br />calculation uses 2005 pay 2006 Clay Township Total Tax Rate and associated credits. <br />