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<br />~ .... <br /> <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 />Tax Generation Rate ................ .... ............. ..... ................ ..1.09593 <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 />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 /> <br /> <br />Tax Generation Rate .... .............. .... ............... ................. ..1.09593 <br /> <br />Total Taxes Generated............................... .... ................. ..$2,839,936.85 <br /> <br />Com mercial/In dustrial <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 /> <br /> <br />Market Value... ..... ..... ...... .......... ... ........ ............... .... .... ..$402,417,255.20 <br /> <br />Tax Capacity Rate ....... .... ........ .... ... ..... .................. ........ ..4.7% <br /> <br />Tax Capaci ty Value.. .............. ............................ ............. .$18,913,611.00 <br /> <br /> <br />Tax Generation Rate ........ ...... ........ ... ............................. ..1.09593 <br /> <br />Total Taxes Generated.................................................... ..$20,727,993.70 <br />Total Property Taxes Generated By Land Use Plan..~.... $26,026,219.02 <br />City's portion @17%........................................ $4,424,457.23 <br />