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<br />BOOK 98 r, 5
<br />FISCAL IMPACT ANALYSIS OF HYPOTHETICAL PROJECT
<br />Assumptions:
<br />• Acomputer manufacturer buys a 40. acre parcel zoned industrial and located in
<br />the SR'60/I-95 node. Currently, the site is used for citrus production and
<br />has an -agricultural exemption. The company plans tb-construct a 40,000 sq.
<br />Et. building and employ ].00 people. The company will receive a local jobs
<br />grant and a property tax exemption.
<br />• Property size: 40 acres
<br />• Assessed Value: $1,000,000
<br />• Assessed value with agriculture exemption: $100,000
<br />• Building Size: 40,000 sq. ft.
<br />• Improvements Value: $1,000,000
<br />• Number of Employees: 100
<br />• Average Salary: $22,000
<br />• Constant 1996 dollars
<br />• Impact Fees: Cost a Benefit (impact fees collected should cover cost)
<br />• County Millage Rates
<br />- General Fund 4.2999 - can be abated
<br />- MSTU 1.6236 - can be abated
<br />- EMS District 2.3128 - can be abated
<br />- Misc. Taxing Authority 11.2793 - CANNOT BE ABATED
<br />L::r
<br />ac072 of rag
<br />1 2 3 4 5 6 7 0 L 9 10 tal
<br />1E
<br />Fiscal Impact of Property Without Project
<br />Assuming that Property Remains in Agricultural Use
<br />- General
<br />430
<br />430 30
<br />430
<br />30
<br />430
<br />30
<br />430
<br />30
<br />430
<br />4,300
<br />- MSTG
<br />162
<br />162 162
<br />162
<br />162
<br />162
<br />162
<br />162
<br />162
<br />162
<br />1,620
<br />ESD
<br />231
<br />231 $231
<br />231
<br />31
<br />231
<br />31
<br />231
<br />231
<br />231
<br />2,310
<br />- Rise
<br />1,128
<br />1,128 1.128
<br />1.128
<br />1.125
<br />1.128
<br />1.128
<br />1,125
<br />1,120
<br />1.120
<br />11,250
<br />otal taxes
<br />id on
<br />1,9511,951
<br />$1,951
<br />1,951
<br />1,951
<br />1,951
<br />1,951
<br />1,951
<br />1,951
<br />1,951
<br />griculture
<br />19,510
<br />and
<br />at
<br />0
<br />ryices
<br />0
<br />p
<br />0
<br />t Cost/
<br />avenue
<br />62,9S1
<br />1,951 1,951
<br />1,951
<br />1,951
<br />1,951
<br />11951
<br />11951
<br />11951
<br />01.9si
<br />P191510
<br />lative 1,951
<br />et Cost/
<br />3,902 $5,553
<br />7,804
<br />9,755
<br />11,706
<br />13, 657
<br />15,608
<br />17,559
<br />19,510
<br />19,510
<br />evenue
<br />May 14, 1996
<br />M81
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