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Drake Annexation Area 12 <br />TABLE 1 <br />Summary Table -Estimated Fiscal Impact <br />Expenditures Capital (est.) Non -Capital 5-Year <br /> Per Year (est.) <br />Sewer Extension $0.00 To be installed $0 <br />00 <br /> by developer . <br />Water Extension $0.00 To be installed $0.00 <br /> by developer <br />Street Lights $0.00 N/A $0.00 <br />Police $0.00 $892 $4,460.00 <br />Fire &EMS $0.00 $932 $4,660.00 <br />Code $0.00 $92 $460.00 <br /> 0 <br />Street Maintenance 0.00 $0 State $0.00 <br /> Maintained <br />Street Construction $0.00 N/A $0.00 <br />. Approximate 5-Year Cost $9,580.00 <br />tevenues Tax Year (a7 <br />Property Taxes (est) unincorporated 11/06 $ <br /> (year 1; 2007) 06/07 $ <br /> (year 2; 2008) 07/08 $9,118.61 <br /> (year 3; 2009) 08/09 $18,237.22. <br /> (year 4; 2010) 10/11 $27,355.83 <br /> (year 5; 2011) 11/12 $36,474.44 <br />Note: All Revenues estimated & cumulative <br />MVH/LRSA estimated_from 2001 revenue/mile <br />$11,340 X S years $ 0 <br /> Total $36,474.44 <br />A. Estimated full net assessment in two years: $226,911.76 <br />B. Estimated tax income per year after full development potential is reached in two years: $9118.61 <br />C. Estimates based on $226,911 net assessment of commercial development. Tax income calculation uses 2005 pay <br />2006 Centre Township Total Tax Rate and associated credits. <br />