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09-26-1996
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09-26-1996
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7/25/2022 2:49:22 PM
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MV EDC
EDC Document Type
Packets
Date
9/26/1996
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5. REAL ESTATE/PROPERTY TAXES GENERATED <br /> (projected tax revenues should be bases on the existing property tax system and rates plus legislative <br /> future changes if subject to estimation.) <br /> • <br /> Point Total Projected <br /> Value Annual Taxes <br /> + 1 Below$25,000 <br /> +2 $25,000 - $49,000 <br /> + 3 $50,000 - $99,999 <br /> +4 $100,000 - $249,999 <br /> + 5 $250,000 and Over <br /> 6. SIGNIFICANT IMPACT MULTIPLIER <br /> Point * Provide Comments regarding <br /> Value Type of Development subjective public benefits of project. <br /> + 0 Retail <br /> • +2 Office <br /> + 3 Office/ <br /> Service (50/50) <br /> + 3 Value Added (retail with significant <br /> service component) <br /> +4 Industrial <br /> -2 Activity Not Contributing to Tax Base <br /> +1 Company/Corporate Headquarters - <br /> location of upper management where <br /> decisions are made (add 1 pt to above) <br /> +1 Target Business <br /> +1 - +3 Elimination of Blight (add points to <br /> above value) <br /> l <br /> Total Point Value * <br /> 0. SERVICE IMPACT <br /> DRAFT - September 4, 1996 <br />
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