Fiscal Plan for Stouffer (2) Annexation Area Clay Township

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I. Assessments Net assessments noted are from the 1992 payable 1993 property tax records. Real Property $14,310.00 Personal Property 0.00 TOTAL $14,310.00 As of March 16, 1993, property tax records had yet to post the payable 1993 property tax bill for the Annexation Area Using the current assessment figure of $14,300.00 the tax bill would be approximately $1,009.00. Assuming that factors remain constant, the property tax bill for the Annexation Area upon incorporation would be approximately $1,638.00, an increase of about $629.00 or 61.6 %. J. Councilmanic District The Annexation Area will be assigned to Councilmanic District 4. K. Comparable Area One of the requirements of the Fiscal Plan is to show that the Annexation Area will receive services in a manner equivalent in standard and scope to services provided to areas within the City that have similar topography, patterns of land use, and population density. The comparable area shown for this Fiscal Plan is located on the west side of Ironwood Road approximately 900 feet north of Inwood Road. The comparable area has a relatively flat topography, approximating the Annexation Area. There is a single family home zoned for single family purposes. The comparable area is approximately 1.46 acres. Based on the previously established population per unit of 2.31, the comparable area, with 1 single family structure, would have a population of 2.31. This would calculate into a population density of 1.58 people per acre. Annexation Area topography - relatively flat land use - residential Comoarable Area relatively flat residential density - 1.97 /acre 1.58 /acre Service delivery by the respective City agencies and departments is expected to be fully provided to the Annexation Area at the same level of service as is currently being provided to the comparable area. 5