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1992/93
<br />Residential
<br />Commercial
<br />
<br />475 units
<br />1,000,000 sq. ft.
<br />
<br />1993/94
<br />Residential
<br />Commercial
<br />
<br />500 units
<br />1,000,000 sq. ft.
<br />
<br />1994/95
<br />Residential
<br />Commercial
<br />
<br />500 units
<br />1,000,000 sq. ft.
<br />
<br />A total of $10,144,180 of revenue is expected to be generated
<br />from this funding source over the next five years. A yearly
<br />summary of revenues from specific fee types is listed below.
<br />
<br />Development Revenu~ by Fee Type
<br />
<br />Fee Type 1990-91 1991-92 1992-93 1993-94 1994-95 Total
<br />
<br />Water Connoction S~,37,500 $312,000 $297,000 $309,500 $309,500 $1,665,500
<br />Sewer Connection 659,000 463,000 444,000 456,500 456,.~)0 2,47~,000
<br />Park Dedication 348,000 250,000 310,000 339,500 239,500 1,487,000
<br />Residential Construction 288,000 203,000 191,000 201,500 201.680 1.0~,1~0
<br />Capital Improvement 379,500 271,000 257,000 270,500 270,500 1,4~,500
<br />Growth Management 508,500 364,500 356,000 375,000 375,000 I
<br />
<br />$2,620,500 $1,863,.q00 $1,855,000 $1,952,500 $1,852,6~0 $10,144,1~0
<br />
<br />Total
<br />
<br />These revenue projections must be reviewed with caution since
<br />they are all dependent upon the state of the economy, the health
<br />of the housing and construction industries, and City Council
<br />action related to growth management. Changes in any of these
<br />areas could substantially alter available revenues and result in
<br />a change of program expenditures.
<br />
<br />Federal. State and Lo~al GFants: With the exception of a
<br />Metropolitan Transportation Commission (MTC) grant for $31,000
<br />to fund the Valley Avenue bike lane in FY 90-91, all grants are
<br />devoted to parks projects. The total amount of available grants
<br />to parks projects over the next five years is $1,630,608.
<br />
<br />Contributions from the Sewer and water 0Deration Funds: The
<br />City's water operating fund will contribute $3,591,000 over the
<br />five year term to offset the cost of the Sycamore Reservoir debt
<br />service payments. This contribution was approved as part of the
<br />original financial analysis on the Sycamore project. The City's
<br />sewer operating fund will contribute $2,281,194 to offset debt
<br />service lease payments for the Crosstown Sewer Interceptor
<br />project.
<br />
<br />
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