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<br />, . <br /> <br />EXHIBIT F <br />TAX GENERATION FOR LAND USE PLAN . City Council . 1 Acre Lots <br /> <br />Residential <br /> <br /> <br />Total Acreage. . . .. . .. . . .. . . .. . . .. . .. . . .. . . .. .. .. . .. . . .. . . ... . .. . .. . . .. . . .. . .. 781 Acres <br /> <br />Densi ty....................................................................... .30 Homes Per 40 Acre <br /> <br /> <br />Total Homes.. . . .. . .. . . .. . . .. . ... . .. . . .. . . .. . . ... .... .. . .... . .. . .. . . .. . . .. . ..586 <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................. ................................... ..$1,043,811.92 <br /> <br />Mix Residential <br /> <br /> <br />Total Acreage............................................................... .69 Acres <br /> <br />Average Density .............................................................1 Unit Per 4.5 Acres <br /> <br /> <br />Total Units................................................................. ..15 <br /> <br />Value Per Unit (Based on Existing Apartment Building)...............$38,070.00 <br /> <br /> <br />Total Value................................................................. ..$571,050.00 <br /> <br />Tax Capacity Rate @ 3.4% ............................................. ...$19,415.70 <br /> <br /> <br />Tax Generation Rate ........................... ........................... ..1.09593 <br /> <br /> <br />Total Taxes Generated............ ............. ............................ .$21,278.25 <br /> <br />Commercial/Industrial <br /> <br /> <br />Total Acreage. . ... . .. . . .. .. .... .. . .. . . .. . . .. .. .. . .. . . .. . . ... . .. . .. . . .. . . .. . ..574 Acres <br /> <br />Value Per Acre (manufacturing/warehouse value).......................$17,947.60 <br />Market Value;...... ........................................................ ..$10,301,922.40 <br /> <br /> <br />T~ Capacity Rate.......................................... ............... ..4.7% <br /> <br />Tax Capacity Value..................... .................................... .$484, 190.35 <br /> <br /> <br />Tax Generation Rate .............. ............. ........................... ..1.09593 <br /> <br /> <br />Total Taxes Generated..................................................... .$530,638.73 <br />Total Property Taxes Generated By Land Use Plan.......$1,595,728.90 <br /> <br />City's portion @17%........................................$271,273.91 <br />