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North Annexation North Annexation An Opportunity for Planned Growth
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North Annexation

Jan 09, 2016

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North Annexation. An Opportunity for Planned Growth. The Annexation Area. Annexation Area Statistics. 1,173 Acres 222 Parcels 26.8% Contiguous with Current City Current Population of 150 Zoned Residential and Industrial. Annexation Will Not:. - PowerPoint PPT Presentation
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Page 1: North Annexation

North AnnexationNorth Annexation

An Opportunity for

Planned Growth

Page 2: North Annexation

The Annexation AreaThe Annexation Area

Page 3: North Annexation

Annexation Area StatisticsAnnexation Area Statistics

1,173 Acres 222 Parcels 26.8% Contiguous with Current City Current Population of 150 Zoned Residential and Industrial

Page 4: North Annexation

Annexation Will Not:Annexation Will Not:

Change Your School District—Those boundaries were fixed in the early 1960s.

Change Your Library District.

Page 5: North Annexation

Annexation PetitionersAnnexation Petitioners

Purdue Research Foundation Saddlebrook Development, LLC Benjamin Crossing, LLC Calvary Baptist Church West Lafayette Parks & Recreation Foundation Stephen and Connie Ratcliff John Jarrell and Jane Mallett

Page 6: North Annexation

Development in AreaDevelopment in Area

Page 7: North Annexation

Why Annex Now?Why Annex Now?

Strategic Planning Recommendation Area Will Eventually Be in City Council Needs Voice in Zoning City Needs Input in Development Do We Want To Be Ahead or Behind the

Curve?

Page 8: North Annexation

Fiscal PlanFiscal Plan

Cost Estimates of Proposed Services

Method of Financing Plan of Organization and

Extension of Services Non-Capital Services

within 1 Year Capital Services within 3

Years

Page 9: North Annexation

Fiscal Plan SummaryFiscal Plan Summary

Fire (Fire and Medical First Responder) New Fire Station—TIF Financing New Equipment—Existing Debt Service Levy Three New Firefighters in 1st Year Three More Firefighters Phased In over 15

Years Police

5 Officers Phased In over 15 Years

Page 10: North Annexation

Fiscal Plan SummaryFiscal Plan Summary

Street Lights Wastewater

Lift Station (Cost Recovery Charges and Wastewater Local Improvements Budget)

Most Improvements by Developers

Stormwater Improvements by Developers Streets—3 New Employees

Page 11: North Annexation

Fiscal Plan SummaryFiscal Plan Summary

Sanitation (Trash, Recycling, Yard Waste) from Fee Revenue

Other Departments

Page 12: North Annexation

Annexation Levy AppealAnnexation Levy Appeal

In 2009 for Pay 2010 Taxes Pay Half of Annexation Non-Capital Cost:

$490,254

Page 13: North Annexation

Assessed Value GrowthAssessed Value GrowthAssessed Value Growth

0

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

1,400,000,000

1,600,000,000

1,800,000,000

2,000,000,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Assessment Year

Assessed

Valu

e

Current Annexed Area

Page 14: North Annexation

Lower Tax RatesLower Tax RatesWest Lafayette Estimated Property Tax Rates

$0.0000$0.1000$0.2000$0.3000$0.4000$0.5000$0.6000$0.7000$0.8000$0.9000$1.0000

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

No Annexation Annexation

Page 15: North Annexation

Annexation ProcessAnnexation Process

Page 16: North Annexation

Annexation AdvantagesAnnexation Advantages

Planned Growth Increased Assessed Value Lowered Tax Rates Council Role in Zoning and Land Use Needed Services for Urbanizing Area