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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 <br /> Residential Proper;y <br /> <br />$1.24 <br /> <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br />Increase in Tax on $80,000 <br /> Commercial Proper~y <br /> <br />Increase in Tax on $80,000 <br /> Vacant Land <br /> <br />$2.93 <br /> <br /> *In~reased to cover public hearing costs <br /> County. <br /> <br />Vii. $ .LrFE~_.3_~.Y 3H~D RECO-FD~-E-~KDATIONS <br /> <br />and levy to <br /> <br /> The proposed improvements are technica!lv feasible <br /> <br />~banefit the area se_--ved. Due to the minor scope of work, it <br />is recommended that ~he City finance ~he project out of <br />general maintenance funds and direct the'city staff to obtain <br />waivers of trespass and the public works department to <br />complete the improvement next spring. <br /> <br /> I <br /> <br />and will I <br /> <br /> <br />