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Strategic Annexation for Planned Growth | Annexation Benefits and Fiscal Planning

Explore the opportunity for annexation in the North Annexation Area, highlighting the strategic advantages, fiscal plans, and benefits of planned growth. Learn about the area statistics, key players, and the annexation process.

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Strategic Annexation for Planned Growth | Annexation Benefits and Fiscal Planning

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Presentation Transcript

  1. North Annexation An Opportunity for Planned Growth

  2. The Annexation Area

  3. Annexation Area Statistics • 1,173 Acres • 222 Parcels • 26.8% Contiguous with Current City • Current Population of 150 • Zoned Residential and Industrial

  4. Annexation Will Not: • Change Your School District—Those boundaries were fixed in the early 1960s. • Change Your Library District.

  5. Annexation 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

  6. Development in Area

  7. 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?

  8. Fiscal 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

  9. Fiscal 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

  10. Fiscal 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

  11. Fiscal Plan Summary • Sanitation (Trash, Recycling, Yard Waste) from Fee Revenue • Other Departments

  12. Annexation Levy Appeal • In 2009 for Pay 2010 Taxes • Pay Half of Annexation Non-Capital Cost: $490,254

  13. Assessed Value Growth

  14. Lower Tax Rates

  15. Annexation Process

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

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