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EXHIBIT D <br />TAX GENERATION FOR LAND USE PLAN - City Council <br /> <br />Residential <br /> ~Total Acreage ................................................................ 781 Acres <br /> ~ensity .................................................................... .... 3 Homes Per Acre <br /> ~Total Homes ................................................................. 2,343 <br /> Average New Home Value in 1994 ....................................... $1171272 <br /> ~Tax Capacity Rate for Each Home (72,000 @ 1% > 72,000 @2%)..$1,625.44 <br /> Tax Generation Rate ........................................................ 1.09593 <br /> <br />~Total Taxes Generated ...................................................... $4,173,746.30 <br /> <br />Mix Residential <br /> iTotal Acreage .....~ .......................................................... 69 Acres <br /> 7Average Density ............................................................. 7 Units Per Acre <br /> ~Total Units ................................................................... 483 <br /> ;Value Per Unit (Based on Existing Apartment Building) ............... $38,070.00 <br /> : Total Value ................................................................... $18,387,810.00 <br /> ~Tax Capacity Rate @ 3.4% ................................................ $625,185.54 <br /> ~ Tax Generation Rate ........................................................ 1.09593 <br /> <br /> Total Taxes Generated ...................................................... $685,159.59 <br /> <br />Commercial/Industrial <br /> ~ Total Acreage ................................................................ 574 Acres <br /> ~Lot Coverage ................................................................. 35% <br /> Total Square Footage of Building ......................................... 8,751,204 <br /> Value Per Square Foot (manufacturing/warehouse value) .............. $31.46 <br /> 7 Market Value ................................................................. $275,312,877.80 <br /> ~ Tax Capacity Rate ........................................................... 4.7 % <br /> ;:Tax Capacity Value ................ · .......................................... $12,939705.26 <br /> ~ Tax Generation Rate ........................................................ 1.09593 <br /> Total Taxes Generated ...................................................... $14,181,011.18 <br /> <br />Total <br /> <br />City's <br /> <br />Property Taxes Generated By Land Use Plan ....... $19,039,917.07 <br />portion @17% ........................................ $3,236,785.90 <br /> <br /> <br />