The city council meeting on April 26th will consider an ordinance to annex 65 acres of land into the city limits. The annexation process included two public hearings and a recommendation from the planning and zoning commission. The immediate fiscal impact projects annual revenues of $8,535 from property taxes with one-time costs of $5,750. At full build-out, annual revenues are estimated at $1.6 million but costs are projected to exceed that by $137,815, resulting in a net loss.

1. Annexation
Ordinance
City Council Meeting
26 April 2018

3. Annexation Process
• Ordinance establishing public hearing
dates (two required)
• P&Z Commission for recommendation
• Preparation of annexation service plan
• First Public Hearing (19 March)
• Second Public Hearing (22 March)
• Annexation Ordinance (26 April)

4. Annexation Summary
Area
• Current City Area: 51 square miles
(32,640 acres)
• Proposed Increase: 65 acres
Population
• Current City Population: 117,841
• Proposed Increase: 8

5. Fiscal Impact (Immediate)
Projected Annual Revenues
• Property tax - $8,535
• Sales tax - N/A
Total = $8,535

6. Fiscal Impact (Immediate)
One-Time Costs
• Survey work - $4,750
• Compensation for ESD - $1,000
Total = $(5,750)

7. Fiscal Impact (Full Build-Out)
Projected Annual Revenues
• Property tax - $885,366
• Utility revenues - $337,592
• Sales Tax Revenue - $358,402
Total Anticipated Revenue = $1,621,360
Less costs (appendix A) $(1,759,175)
Total Annual Fiscal Impact = $(137,815)

8. Annexation
Ordinance
City Council Meeting
26 April 2018