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TAX GENERATION <br /> <br />Residential <br /> <br />Mix <br /> <br /> EXHIBIT F <br />FOR LAND USE PLAN - City Council - 1 Acre Lots <br /> <br /> Total Acreage ................................................................ 781 Acres <br />= <br />: D e n sity ........................................................................ 30 Homes Per 40 Acre <br />ii Total Homes ................................................................. 586 <br />Average New Home Value in I994 ....................................... $117,272 <br /> ~Tax Capacity Rate for Each Home (72,000 @ I% > 72,000 @2%)..$ !,625.44 <br />~ Tax Generation Rate ........................................................ 1.09593 <br /> <br />~ Total Taxes Generated ...................................................... $1,043,811.92 <br />: <br />Residential <br />~ Total Acreage ................................................................ 69 Acres <br />~: Average Density ............................................................. i Unit Per 4.5 Acres <br />Total Units ................................................................... 15 <br />~ Value Per Unit (Based on Existing Apartment Building) ............... $38,070.00 <br />Total Value ................................................................... $571,050.00 <br />~Tax Capacity Rate @ 3.4% ................................................ $19,415.70 <br />Tax Generation Rate ........................................................ 1.09593 <br /> <br /> ~ Total Taxes Generated ...................................................... $21,278.25 <br /> <br />Comraercial/Industrial <br /> ± <br /> <br /> Total Acreage ................................................................ 574 Acres <br /> - Value Per Acre (manufacturing/warehouse value) .......................$I7,947.60 <br /> Market Value ................................................................. $10,301,922.40 <br /> Tax Capacity Rate ........................................................... 4.7% <br /> Tax Capacity Value .......................................................... $484,190.35 <br /> Tax Generation Rate ........................................................ 1.09593 <br /> <br /> Total Taxes Generated ...................................................... $530,638.73 <br /> <br />Total <br /> <br />City's <br /> <br />Property Taxes Generated By Land Use Plan ....... $1,595,728.90 <br />portion @17% ........................................ $271,273.91 <br /> <br />I <br />I <br />I <br />I <br />I <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 />I <br /> <br /> <br />