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ST. ANTHONY-NEW BRIGHTEN SCHOOLS <br /> SAINT ANTHONY VILLAGE <br /> Tax Impact Study <br /> Work Plan <br /> Objective <br /> The obJec:tive of the first phase of this study is to develop an analysis that outlines the <br /> impacts on the School District and City to acquire property currently for sale by the Salvation <br /> Army. A second phase of the study Is to identity and outline options for use and <br /> development of the property by the School District and City. <br /> Tasks <br /> Phase One <br /> • Obtain and review relevant information to be included in study. <br /> • Review current debt levels and debt capacities for each jurisdiction. <br /> • Identify and outline financing options available to each jurisdiction for purchase of the <br /> Salvation Army property; options would include three to four levels of acquisition costs. <br /> • Analyze potential debt and levy requirements for financing for each option. <br /> • Illustrate the tax Impacts that the identified capital investment and financing has on each of <br /> the participating jurisdictions and their citizens. <br /> Phase Two <br /> • Identify options for potential use of all or a portion acquired property. <br /> • Recreation Facility <br /> • School Facility <br /> • Development <br /> • Analyze Impacts associated with use altematives. <br /> Outcomes <br /> • Prepare a draft tax Impact analysis, Phase One, for the School District's and City's review . <br /> and comment. <br /> • Incorporate the School District and City's comments into the plan.. <br /> • Present Phase One final report. <br /> • Continue with Phase Two as directed. <br /> t�roaosar.doc <br />