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EXHIBIT B <br />TAX GENERATION FOR LAND USE PLAN - FIGURE 8 <br />Residential <br />Total Acreage 789 Acres <br />Density 3 Homes Per Acre <br />Total Homes 2,367 <br />Average New Home Value in 1994 $117,272 <br />Tax Capacity Rate for Each Home (72,000 @ 1% > 72,000 @2%)$1,625.44 <br />Tax Generation Rate 1.09593 <br />Total Taxes Generated $4,216,499.14 <br />Mix Residential <br />Total Acreage 265 Acres <br />Average Density 7 Units Per Acre <br />Total Units 1,855 <br />Value Per Unit (Based on Existing Apartment Building) $38,070.00 <br />Total Value $70,619,850.00 <br />Tax Capacity Rate @ 3.4% $2,401,074.90 <br />Tax Generation Rate 1.09593 <br />Total Taxes Generated $2,631,410.02 <br />Commercial/Industrial <br />Total Acreage 526 Acres <br />Lot Coverage 35% <br />Total Square Footage of Building 8,019,396 <br />Value Per Square Foot (manufacturing/warehouse value) $31.46 <br />Market Value $252,290,198.20 <br />Tax Capacity Rate 4.7% <br />Tax Capacity Value $11,857,639.31 <br />Tax Generation Rate 1 09593 <br />Total Taxes Generated $12,995,142.65 <br />Total Property Taxes Generated By Land Use Plan $19,843,051.81 <br />City's portion @17% $3,373,318.81 <br />