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Fiscal Impact Analysis - Revenues
<br />A summary of revenues generated by various types of development is
<br />provided in Table I. The information presented to the Wetland Com-
<br />mittee earlier this year is summarized and sythesized. In addition,
<br />the Committee had asked to see the revenues generated by a sixth
<br />development type - Commercial Strip: Residential Multi Family Mix.
<br />Please note that the development type generating the most revenues
<br />is Commercial Shopping Center. In order of descending revuene gen-
<br />erations (city share) are the following developments:
<br />I. Commercial Shopping Center $191,133.00
<br />2. Multi -Family Residential (R-4) $176,830.00
<br />3. Mix: Commerial and R-4 $116,705.00
<br />4. Industrial/Office $101,684,00
<br />5. Townhouses (R-3) $100,207.00
<br />6. Single Family (R-1) $39,494.00
<br />Table I - Summary: Revenues Generated by Development Type
<br />Tax Revenues
<br />Development Number Avg. Cost Total Costs Generated Per Taxes Generated
<br />Type of Units per unit all Units Unit/Total City School
<br />R-1 Single
<br />Family 156 $80,000 $12,480,000 $1,614*/ $39,494 $125,128
<br />$251,715
<br />R-3 Town-
<br />houses 471 $70,000 $32,970,000 $1,356*/ $100,207 $317,481
<br />$638,667
<br />R-4 Multi -
<br />Family 807 $40,000 $32,240,000 $1,398/ $176,830 $560,244
<br />$1,127,025
<br />Industrial/
<br />Office 1 - $21,060,378-/$855,628 $101,684 $322,135
<br />Fix:
<br />C-2 Strip
<br />Commercial 1** - $6,000,000 $243,764/ $28,967 $91,774
<br />$24;1,764
<br />R-4 Multi
<br />Family 400 $40,000 $16,000,000 $1,398/ $87,738 $277,978
<br />$559,200
<br />Total $22,000,000 $809,964 $116,705 $369,752
<br />Commercial
<br />Shopping
<br />Center l - $39,589,941 -/ $191,133 $605,558
<br />$1,608,436
<br />(1)
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