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Alternate A: <br /> <br />TABLE III <br /> <br />PROPOSED TRUNK STORM DRAINAGE FACILITIES <br /> FINANCING SUMMARY <br /> <br />Assess Subdistricts FT1 and FT4 <br /> <br />Trunk Cost <br />Charge per Commercial/Industrial Acre <br />Charge per Residential Acre <br />Number of Benefited Residential Acres <br />Number of Benefited Commercial/Industrial Acres <br /> <br />Assessed Cost Commercial/Industrial <br /> 135 x $1,263.24 = <br /> <br />Assessed Cost Residential <br /> 67 x $784.08 <br /> <br />Total Assessed Cost - <br /> <br />Revenue to be Used for Future <br /> <br />Improvements - <br /> <br />$208,850.00 <br /> $1,263.24 <br /> $784.08 <br /> 67 <br /> 135 <br /> <br />$170,537.40 <br /> <br />$52,533.36 <br /> <br />$223,070.76 <br /> <br />$14,220.76 <br /> <br />Alternate B: <br />and Holm Property) <br /> <br />Net Trunk Cost <br />Charge per Commercial/Industrial Acre <br />Charge per Residential Acre <br />Number of Benefited Residential Acres <br />Number of Benefited Commercial/Industrial Acres <br /> <br />Assessed Cost Commercial/Industrial <br /> <br /> 73.45 x $1,263.24 = <br /> <br />Assessed Cost Residential <br /> <br /> 5 x $784.08 = <br /> <br /> Total Assessed Cost - <br /> <br /> Revenue to be Used for Future <br /> Improvements - <br /> <br />Assess Proposed Development Only (Raudio Property <br /> <br />$72,500 <br /> $1,263.24 <br /> $784.08 <br /> 5 <br /> 73.45 <br /> <br />$92,784.98 <br /> <br />$3,920.40 <br /> <br />$96,705.38 <br /> <br />$24,205.38 <br /> <br />VII. FINANCING SUMMARY <br /> <br /> Based on the City's proposed assessment ordinance, the recommended <br /> assessment period for residential development is five (5) years and <br /> ten (10) years for commercial and industrial development. Since a <br /> <br />7 <br /> <br /> <br />