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I <br />I <br />I <br />I <br />I <br />I <br /> <br /> I <br /> i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br /> EXHIBIT A <br />TA~ GENERATION FOR LAND USE PLAN - FIGURE 7 <br /> <br />Single Family Residential <br /> Total Acreage ................................................................ 460 Acres <br /> Density ........................................................................ 3 Homes Per Acre <br /> Total Home~; ................................................................. 1,380 <br /> Average NeW Home Value in 1994 .......................................$117,272 <br /> Tax CapaciOJ Rate for Each Home (72,000 @ 1% > 72,000 @2%)..$1,625.44 <br /> Tax Genera~on Rate ........................................................ 1.09593 <br /> <br /> Total Taxes ~Generated ...................................................... $2,458,288.47 <br /> <br />Mix <br /> <br />Residential <br />Total Acreage ................................................................ 286 Acres <br />Average Density ............................................................. 7 Units Per Acre <br />Total Units ................................................................. 2,002 <br />Value Per Ul~it (Based on Existing Apartment Building) ............... $38,070.00 <br />Total Value .~ .................................................................. $76,216,140 <br />Tax Capaci~ Rate @ 3.4% ................................................$2,591,348.76 <br />Tax Generation Rate ........................................................ 1.09593 <br /> <br /> Total Taxes Generated ...................................................... $2,839,936.85 <br /> <br />Commercial/Industrial <br /> Total Acreage ................................................................ 839 Acres <br /> Lot Coverage ................................................................. 35% <br /> Total Squaro Footage of Building ......................................... 12,791,394 <br /> Value Per square Foot (manufacturing/warehouse value) .............. $31.46 <br /> Market Value ................................................................. $402,417,255.20 <br /> Tax Capaci~ Rate ........................................................... 4.7% <br /> Tax CapaOity .. Value .......................................................... $18,913,611.00 <br /> Tax Generation Rate ........................................................ 1.09593 <br /> Total Taxes Generated ...................................................... $20,727,993.70 <br /> Total Property Taxes Generated By Land Use Plan ....... $26,026,219.02 <br /> City's portion @17% ........................................ $4,424,457.23 <br /> <br /> <br />