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02 - Government Drive Project
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08-30-2011 Special Council Meeting
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02 - Government Drive Project
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V <br />8/30/2011 <br />Street Reconstruction Debt Service - Levy <br />• 2013-2032 <br />• General Levy <br />— +/- $61,000 /year <br />— Subject to debt limit, 3% of taxable market value <br />• TMV = $266,153,400 *3 % = $7,984,602 <br />• Impact of General Levy <br />— $225k residential MV = $44 /yr <br />200,000 1 ,808 <br />— $500k CA MV = $195 /yr <br />_ .. 8 >tE <br />8/30/2011 <br />Street Reconstruction Debt Service Impact <br />1st Year Levy 562,952 <br />Less Existing Levy $O <br />Increase $62,952 <br />Estlmated 20102011 Net TNTC $2,990,132 <br />Market Value a Tax Capacity Tax Rate Increase (b): 2.105% <br />ome n a <br />200,000 1 ,808 <br />38 <br />225,000 2,080 <br />44 <br />250,000 2,353 <br />50 <br />500,000 5,000 <br />105 <br />mme a u <br />150,000 2,250 47 <br />250,000 4,250 89 <br />500,000 9,250 195 <br />100,000 1,250 26 <br />200,000 2,500 53 <br />eason o n <br />150,000 1,500 <br />32 <br />200,000 2,000 <br />42 <br />30000 3.00 <br />9 <br />8/30/2011 <br />63 <br />8/30/2011 <br />
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