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2008/10/15 Council Agenda Packet
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2008/10/15 Council Agenda Packet
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Council Agenda Packet
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10/15/2008
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CITY OF EVERETT FISCAL ANNEXATION ANALYSIS <br /> Exhibit 12 <br /> Revenues per Capita <br /> 52,500 — — <br /> —Scenario 1:1003/4 Buildout <br /> Scenario 1:Original Estimate <br /> :::: <br /> — _Current City of Everett <br /> 51,000 <br /> 5500 <br /> 5- <br /> 2009 2011 2015 2015 2017 2019 2021 2023 2025 2027 <br /> Source:Berk&Associates analysis,2008 <br /> In addition, public safety costs for Emander and North Creek are likely to remain a significant issue, as <br /> the increased development would likely not generate enough additional revenues to cover large <br /> public safely expenditures required in the area. <br /> 5.4 Preliminary Screening Results: Scenarios 3 and 4 <br /> Based on the process of evaluating the seven potential annexation scenarios described above, we <br /> concluded that there are two scenarios with the best opportunity to offer a reasonably balanced <br /> annexation that would make use of the one-time option presented by the availability of the State sales <br /> tax credit: <br /> • Scenario 3: Eastmont, Hilton Lake, Rugg's Lake <br /> • Scenario 4: Eastmont, Hilton Lake, Rugg's Lake, Larimer <br /> The following section will describe the in-depth analysis for these two scenarios. <br /> EL Final Report:October 2008 Page 20 <br />
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