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<br />COMMUNITY IMPACT OF 2009 STREET & UTILITY IMPROVEMENTS <br />MAY 21, 2009 <br /> Total Option One Add Option Two <br />Project Size: $ 3,400,000.00 $ 1,800,000.00 $ 1,600,000.00 <br />Assessed Portion of Project: $ 1,200,000.00 $ 800,000.00 $ 400,000.00 <br />Remaining Portion for City-wide Assessment $ 2,200,000.00 $ 1,000,000.00 $ 1,200,000.00 <br />Annual Payment (assumptions -15 year term, 4% interest) $197,870.42 $89,941.10 $107,929.32 <br />Impact on Tax Rate (assumption - captured tax capacity 4,400,000) 4.50% 2.04% 2.45% <br />Impact on $250,000 EMV residential property $ 112.43 $ 51.10 $ 61.32 <br />Impact on $500,000 EMV residential property $ 224.85 $ 102.21 $ 122.65 <br />Impact on $250,000 EMV commercial property $ 191.12 $ 86.87 $ 104.25 <br />Impact on $500,000 EMV commercial property $ 415.98 $ 189.08 $ 226.90 <br />