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Section 2 <br /> EXECUTIVE SUMMARY <br /> The City has $6,715,786 of debt capacity available, while the District has $40,275,635. <br /> The tax impact to a typical property owner with property valued at $150,000 (referendum <br /> market value), paid over 20 years for each of the six scenarios, is as follows: <br /> Referendum Tax Impact <br /> $ 9 million $272 <br /> $10 million $301 <br /> $11 million $329 <br /> $12 million $357 <br /> $13 million $385 <br /> $14 million $413 <br /> If the Community chooses to acquire the Salvation Army property, the District, due to its larger <br /> debt capacity, could issue the debt most cost-effectively. <br /> The Salvation Army property is currently exempt from the tax base. The final disposition of the <br /> property and its tax status could have an effect on the full impact to the Community. <br /> ® SPRINGSTED \stanthoTtxi Page 2-1 <br />