Laserfiche WebLink
To the Honorable Mayor <br />and Members of the City Council <br />City of Little Canada <br />Page 4 <br />November 21, 1983 <br />Sanitary <br />Sewer <br />Computation /Description System <br />1. Equivalent 1982/1983 Mills 1.969 <br />2. Total Tax Years @ 29 <br />3. Total <br />4. Present Value Factor Adjustment: <br />29 Years @ 4.75% <br />19 Years @ 5.75% <br />5. Equivalent Trunk tax levy factor <br />(to be applied against the <br />estimated total /final assessed <br />valuation of property) - in mills <br />The Cub Foods <br />ingly, no San <br />or will insta <br />trunk 44g4Ar <br />previous data <br />Water <br />System <br />4.152 <br />@ 19 <br />57.101 78.888 <br />(2.6.440) <br />(31.641) <br />30.661 47.247 <br />CUB FOODS FACILITY <br />facility will connect to the City's Water System only. Accord - <br />itary Sewer fee has been calculated. Additionally, Cub Foods has <br />11 its own lateral sanitary sewer system. Therefore, only the <br />sewer fee will be charged. That fee is calculated based upon the <br />and the following assumptions: <br />1. <br />2. <br />3. <br />4. <br />Estimated front footage of property - 1,200 feet <br />Equivalent SAU Units - 27 units <br />Estimated fair market value of completed facility <br />(based upon Industrial Revenue Bonding Data) - <br />$4,000,000 <br />Estimated Assessed value of completed facility (fair <br />market value @ 434) - $1,720,000 <br />ESTIMATED WATER SYSTEM FEE CALCULATION - CUB FOODS <br />1. LATERAL FEE <br />2. TRUNK FEE: <br />A. Assessment Fee: <br />(1) Lineal Foot Factor (1,200 <br />feet at $12.98) <br />(2) Unit Charge (27 Units <br />at $250.00) <br />B. Tax Levy Fee: <br />(1) Estimated Assessed Valuation <br />(2) Equivalent Trunk Tax <br />Levy Factor <br />Total Estimated Fee <br />$1,720,000 <br />.047247 <br />None <br />$ 15,576 <br />6,750 <br />81,265 <br />$ 103,591 <br />