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<br />EXHIBIT A <br />TAX GENERATION FOR LAND USE PLAN. FIGURE 7 <br /> <br />Single Family Residential <br /> <br /> <br />Total Acreage................. ....... ....... ............. ....................460 Acres <br /> <br />Density........................................................................3 Homes Per Acre <br /> <br />Total Homes.......................... ............. ........................ ..1,380 <br /> <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 /> <br /> <br />Tax Generation Rate ......................................... ............. ..1.09593 <br /> <br /> <br />Total Taxes Generated.................................................... ..$2,458,288.47 <br /> <br />Mix Residential <br /> <br /> <br />Total Acreage............................................................... .286 Acres <br /> <br />Average Density .............................................................7 Units Per Acre <br /> <br /> <br />Total Units................................................................. ..2,002 <br /> <br />Value Per Unit (Based on Existing Apartment Building)...............$38,070.00 <br /> <br /> <br />Total Value.............................. ................................... ..$76,216,140 <br /> <br />Tax Capacity Rate@ 3.4% ................................................$2,591,348.76 <br />Tax Generation Rate ...................................................... ..1.09593 <br />Total Taxes Generated.................................................... ..$2,839,936.85 <br /> <br />Commercial/Industrial <br />. <br /> <br />Total Acreage.............................................................. ..839 Acres <br /> <br />Lot Coverage... ........... ...................................... ............ .35% <br /> <br />Total Square 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 Capacity Rate.......................... .............. ................. ..4.7% <br />Tax Capacity Value..........................................................$18,913,611.00 <br />Tax Generation Rate ...... ................................................ ..1.09593 <br /> <br />Total Taxes Generated ........................................... ......... ..$20,727,993.70 <br /> <br />Total Property Taxes Generated By Land Use Plan.......$26,026,219.02 <br /> <br />City's portion @17%........................................$4,424,457.23 <br />