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450 5. WATER LINES AND FIRE HYDRANTS WE ADVISED THAT CONSTRUCTION WOULD BE WITHIN A 5 YEAR PERIOD AFTER ANNEXATION 6. SEWER LINES WE ADVISED THAT CONSTRUCTION WOULD BE WITHIN A 5 YEAR PERIOD AFTER ANNEXA- TION AND THAT PROPERTY OWNERS WOULD NOT BE REQUIRED TO CONNECT UNTIL SEPTIC TANKS BECOME UNSATISFACTORY TO THE JOINT HEALTH DEPARTMENT 7. NEW FIRE SUBSTATION PAYABLE WHEN STATION IS CONSTRUCTED. WE ADVISED THE COURT THAT CONSTRUCTION WOULD COMMENCE SOON AFTER EFFECTIVE DATE OF ANNEXATION. TOTA L $ 80, 000.00 $211,000.00 $ 60,000.00 $1,140,573.00 FROM THE FOREGOING IT IS TO BE NOTED THAT THE WATER AND SEWER LINES ARE TO BE CONSTRUCTED BY THE CITY WITHIN A FIVE YEAR PERIOD AFTER ANNEXATION. HOWEVER, IN MY OPINION, IT WOULD BE TO THE BEST INTERESTS OF THE ANNEXED AREA IF THESE FACILITIES COULD BE INSTALLED IMMEDIATELY. AN APPROPRIATfON IN THE AMOUNT OF $525,600.00 SHOULD BE MADE IMMEDIATELY AFTER ANNEXATION BECOMES EFFECTIVE TO COVER THE FOLLOWING: WOOLEN MILLS SANITARY SEWER $ 15,600.00 NEW ELEMENTARY SCHOOL 350,000.00 THIS ITEM HAS BEEN INCREASED $100,000.00 IN ORDER TO PROVIDE A LARGER ANO MORE COMPLETE SCHOOL NEW FIRE SUB-STATION $ 60,000.00 FIRST PAYMENT ON NET TAX REVENUE 100,000.00 FUTURE PAYMENTS ON NET TAX REVENUE LOSS TO BE PA10 FROM CURRENT REVENUES. ~T WILL, OF COURSE, BE NECESSARY TO CHANGE THE WARDS IN THE CITY AFTER ANNEXATION. ~ SUGGEST THAT A COMMITTEE BE APPOINTED TO STUDY THIS MATTER AND TO MAKE A RECOMMENDATION AS TO WHETHER OR NOT THE PRESENT WARDS SHOULD BE RE- ARRANGED AND EXTENDED OR WHETHER ONE OR MORE NEW WARDS SHOULD BE CREATED. ~ SUGGEST ALSO THAT THis COMMITTEE STUDY THE ADVISABILITY OF REARRANGING AND INCREASING THE NUMBER OF VOTING PRECINCTS IN THE CITY AFTER THE EFFECTIVE DATE OF ANNEXATION. ~ SUGGEST FURTHER THAT FOR THE 1961 TAX YEAR THAT THE CITY ACCEPT THE COUNTY~S APPRAISAL OF THE REAL PROPERTY IN THE AREA AND APPLY AN ASSESSMENT OF 30~ TO THESE APPRAISALS FOR THE 1961 TAX BILLS AND, THAT THE STATE TAX DEPART- MENT BE REQUESTED TO REAPPRAISE ALL THE PROPERTY IN THE ANNEXED AREA DURING 1961 FOR THE TAX YEAR 1962. OUR EXHIBITS ESTIMATED THAT THE REVENUES FROM THE ANNEXED AREA FOR THE FIRST YEAR WOULD BE APPROXIMATELY $445,000.00 AND THAT THE EXPENDITURES FOR OPERATION AND DEBT SERVICE PAYMENTS AND INTEREST ON BONDS ASSUMED WOULD BE APPROXIMATELY $350,000.00. ~N MY OPINION, HOWEVER, MORE REALISTIC FIGURES FOR THE FIRST YEAR WOULD BE APPROXIMATELY: REVENUES $450,000.00 AND EXPENDITURES $400,000.00. ~N FUTURE YEARS THE REVENUES SHOULD INCREASE AT A GREATER RATE OF PERCENT THAN THE EXPENDITURES SO THAT THE CITY SHOULD RECOVER THE ORIGINAL OUTLAY FOR CAPITAL EXPENDITURES IN LESS THAN TEN YEARS. WE STATED TO THE COURT THAT THE CITY WOULD EXTEND ALL OF THE MUNICIPAL SERVICES WHICH ARE NOW RENDERED IN THE PRESENT CITY TO THE ANNEXED TERRITORY AND THAT ALL POLICIES PERTAINING TO UTILITY EXTENSIONS, STREETS, SIDEWALKS, CURB AND GUTTER, ETC., WOULD LIKEWISE BE EXTENDED TO THE ANNEXED TERRITORY. FOR THAT AND OTHER REASONS, ~ BELIEVE THAT THE $400,000.00 FIGURE MORE CORRECTLY STATES THE COST OF OPERATION FOR THE FIRST YEAR. AS ( ADVISED YOU AT THE COUNCIL MEETING ON NOVEMBER 9, 1960, ~ SINCERELY