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February 5, 2001 <br /> <br />Mr. Jam~ E. Norman <br />City Administrator <br />City of Ramsey <br />15153 Nowthen Boulevard N.W. <br />Ramsey, Minnesota 55303 <br /> <br />RE: FISCAL IMPRCT ANALYSIS <br /> <br />Dear lira, <br /> <br />Based on our recent discussions, I have outlined a scope of services proposal that defines the <br />fiscal impact analysis you asked us to perform: <br /> <br />Objective: <br /> :. :." ' ;'. "." ~:,(i '"'" '' ~:."'.:" '5 "'r ~ :... ~ .,- (..- · <br />The objective of this study is to provide the City of Watertown with a tool that can be used to <br />plan for growth related operating and capital needs. The fiscal impact study will: <br /> <br />Illustrate the projected property tax revenues, "development fees"*, operating costs and <br />capital costs associated with growth that is estimated to occur in the City of Watertown <br />for the period 2002 - 2006. .. <br /> <br />I <br />I <br />I <br /> <br />I <br /> <br />Identify the resulting net effect of propemy tax revenues and operating and capital <br />expenditures as measured by the change in the City's property le,~' and tax rote. The <br />property tax rate' wilt include the general fund levy and the debt service fund(s) levy. <br /> <br />* "Development Fees" need to be defined by the City <br /> <br />Key Input Data Required: <br /> <br />Growth related property tax base projections through the year 2006: <br /> · , Residential Development ( housflag units ~8~ average market value) ' <br /> ,, Commercial and Industrial Development (square feet & cost per sq foot) <br /> <br />I <br />I <br />I <br />I <br /> <br />L [00 WcMd Trade Center <br />3(I East Seventh Street <br />Sr. Ps,I, MN 55101 <br /> <br /> -252- <br />5cottsdalc, AZ <br /> <br />La k,ila, CA · Clearwater, FI, · Mim~capolis, MN · St. Paul, &IN <br /> <br />(65 l ~ __4 <br />(g01D 950 - 4o00 <br /> <br />I <br />I <br /> <br /> <br />