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TABLE II <br />Summary of Taxing District Financing <br /> <br />Total Cost* <br />CurrDnt Tax Capacity of <br /> ~Rum River Sto.~ Sewer <br /> Taxing Distric~ <br /> <br />$3,000 <br /> <br />$4,371,956 <br /> <br />Estimated Additional Tax <br /> ~Capacity Rate <br /> <br />0.07 per cent <br /> <br />Increase in Tax on $80,000 <br /> Residential Property <br /> <br />Increase in Tax on $80,000 <br /> ~ommercial Property <br /> <br />$1.24 <br /> <br />$!.84 <br /> <br />InSrease in Tax on $80,000 <br /> ~acant Land <br /> <br />$2.93 <br /> <br />*Increased to cover public hearing costs and levy to the <br />CoUnty. <br /> <br />Vii. SLr~M~.~Y ~3D RECO-M3TE.-NDATION$ <br /> The~ proposed improvements are technically feasible and will <br /> benefit the area se_-veL. Due to the minor scope of work, it <br /> is recommended that the City finance the project out of <br /> general maintenance funds and direct the'city staff to oDtain <br /> waivers of trespass and the public works department to <br /> complete the improvement next spring. <br /> <br />6 <br /> <br /> <br />