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