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_ 4 <br /> s i ns.,f scant as seventy-five (75%) percent of all revenues to the <br /> Town are property tax revenues , <br /> Mr. Fudal.a stated the single family high numbers are <br /> unrealistic and would balance out the numbers; the low numbers <br /> are more realistic. <br /> Mr. Bronow stated that of the two hundred fifty o units, <br /> one hundred thirty-six 1 are apartments, ninety-four 9 are <br /> single farmly. <br /> -confined Three neighborhood Total Results-Average. Annual Net <br /> Revenues Years 1 through 20-rivet revenues minus operati'ftg operas: costs, <br /> and subtracting capital facility costs. The high market and <br /> existi"'ng value scenarios are approximately two hundred fifty <br /> thousand ($250, 00,0 . 00) dollars. <br /> Average Annual Net Revenue-Broken down by ten to year <br /> increments. The first ten years indicates the average annual <br /> vs. the annual average over the second ten years. As development <br /> continues, property values accumulate and revenues .increase at a <br /> faster rate than the expenditures on an aerae. . <br /> Mr. Whri enour asked Mr. Bronow to repeat the average annual <br /> net revenue figure calculation. <br /> Annual Results-Year o through 20 . Operating revenues are <br /> the total revenues generated from the development, th6 three <br /> Neighborhoods combined, proposed development by market values. <br /> Revenues, less operating expenditures, for net operating <br /> revenues, from which the ca �.tal expenditures are subtracted, fog <br /> the net revenues. The average annual net revenues is -the average <br /> of this information {tie cumulative total divided by 20) . <br /> The year 20 will generate $1 . .million dollars annually for <br /> the high market; the existing high market will be less, and the <br /> net revenues will be approximatOly the sane. <br /> Lovi Market Value-Same type of pattern with reduced revenues. <br /> Cumulative Net Revenues-over 20 years the cumulative net. <br /> e re ues for the high market value, proposed is $4 . 9 million <br /> dollars; $5. 05 million dollars for existing. <br /> L w market over 20 years is $2 . 9 million doh.lars proposed; <br /> and $4 .4 million dollars for existing net revenues. <br /> Neighborhood Analysis-Average Annual Net revenue-s for <br /> Proposed and Existing Development High/Low market Values. <br /> Proposed Development-Whitings Road proposed `dei elo ment high <br /> market t values, average annum. over 2a years is $,249, 000 . 00 most <br /> o which is located in Easttee le Street for hotel. taxes. <br /> � - <br />