Agenda - 08-08-1994-X-A - Laserfiche WebLink

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FARMLAND PRESERVATION PROGRAM - FINANCIAL ANALYSIS 11 ASSUMPTIONS: 1. Three borrowings: 1995(Year 1) $1.5 million 1996(Year 2) $1.5 million 1997(Year 3) $2.0 million 2. 20-year General Obligation Bonds at 6.50% 3. County Population(1994): 101,137,with 1.7%per year growth 4. One cent raises$451,893 in 1994; 25%per year growth in assessed value. 5. Average new single-family dwelling cost in 1993 was$170,000; 2.5%per year growth in assessed value. PER CAPITA COST: 1995(Year 1) per capita cost($1.5 million) $1.68 1996(Year 2) per capita cost($3.0 million) $3.25 1997(Year 3) per capita cost($5.0 million) $5.27 (Year of maximum impact,declines thereafter) - OR - TAX IMPACT,AVERAGE NEW RESIDENTIAL DWELLING: Average cost of a new single-family dwelling was $170,000 in 1993. 1995(Year 1) debt service ($1.5 million) $6.79 1996(Year 2) debt service ($3.0 million) $1338 1997(Year 3) debt service ($5.0 million) $22.05 (Year of maximum impact,declines thereafter) - OR - COST PER$1,000 ASSESSED VALUE: 1995(Year 1) cost per$1,000 assessed value $0.04 1996(Year 2) cost per$1,000 assessed value $0.08 1997(Year 3) cost per$1,000 assessed value $0.13 (Year of maximum impact,declines thereafter) - OR - TAX RATE IMPACT: 1995(Year 1) - $1.5 million 0.00390 cents 1996(Year 2) - $3.0 million 0.00749 cents 1997(Year 3) - $5.0 million 0.01204 cents (Year of maximum impact,declines thereafter)