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,hr.LUi.E h: Continued <br /> 'The second part is a formula for estimating the increased costs of providing municipal service* <br /> (such as police and fire protection) to new industrial and nonresidential commercial development <br /> for which building permits were issued after January 1, 1974 (but before January 1, 1977) for th <br /> instruction of new buildings or structures or the enlarging of previously existing buildings o: <br /> ..tructures to be used for industrial cr r.pnresidential commercial use. The formula is based on <br /> the increased asses:.,ed value of each development project lassessed value of the parcel where the. <br /> development has take:: place) for the ,:..Trent levy year over Its assessed value (assessed value <br /> of the parcel where situated) as most recently determined prior to tne io uance of the building <br /> permit. The value of the parcel may include the land as well as buildings -Ind structures. For <br /> the purpose of determining the base year value, the term "building permi'." -.ears the basic <br /> construction permit. The year in which the excavation permit, plumbing ark; f•lectrical permit ol <br /> permit for gas, heating, sprinklers or fencing or any other permit is issuer. .s not relevant to <br /> the determination of tne base jar value, nor are these other permits :•e:'v t in any way to tht <br /> determination of this special levy. A special levy may be determined for each separate store <br /> within a shopping center, using the value of the parcel where each store is constructed as most <br /> recently determined prior to the issuance of the basic construction permit as .he base year <br /> value for such store. In the case where a series of basic construction permits nave been <br /> issued for the same parcel, the base year assessed value for the parcel is the assessed value <br /> of the parcel for the year in which the first basic construction permit was issued after <br /> calendar year 1973. Please submit a list of the developments which are included in this specia. <br /> levy. For each of these developments indicate the name of the business owning the development <br /> (or the nature of the business if the name does not indicate its nature), the date when the <br /> basic construction permit was issued, the latest assessed value prior to the issuance of the <br /> basic construction permit and the 1977 assessed value. New developments which are apartment <br /> buildings or tax exempt properties should not be included in determining this srecial levy. <br /> (1) Site Preparation Special Levy (costs incurred after December 31, 1972) <br /> (a) Total Cost For Extension of Municipal (or County) Services To <br /> New Development <br /> (b) Minus: (i) portion paid for with bonds $ <br /> (ii) portion paid for with special <br /> assessments $ <br /> (iii) portion paid for with service charges $ <br /> (iv) portion paid for with any other special <br /> levy (e.g. Municipal Board order ex— <br /> tending services to a newly annexed <br /> area) $ <br /> (c) Total Deductions (i through iv) $ <br /> (d) Site Preparation Special Levy (a minus c) $ <br /> (2) Increased Operating Expenses For Services (building permits issued in <br /> calendar years 1974, 1975 and 1976) <br /> (a) 1977/1978 Levy Limitation $ 3//0t4 <br /> (b) 1977/1978 Total Assessed Valuation for City or Town <br /> (after fiscal disparities for a city or town in the <br /> 7 county metropolitan area) $ <br /> (c) Ratio: Divide line (a) by line (b) <br /> (d) Project Assessed Value in 1977 $ <br /> (e) Project Assessed Value Most Recently Determined <br /> Before Basic Construction Permit Was Issued $ <br /> (f) Difference line (d) less line (e) $ <br /> (g) Line (f) multiplied by line (c) (this amount is <br /> allowed for increased operating expenses) $ <br /> Total Special Levy, Line (1d) Plus (2g) (enter here and on page 1, line N) $ <br /> (9) <br />