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<br />o <br /> <br />FRIDAY <br /> <br />APRIL 'ZJ. 1292 <br /> <br />REVENUE <br />Utilities <br />At the present time the city if serving utilities in this <br />area to the following numbers of custaners. <br /> <br /> Commercial Residential Total <br />Electric 5 131 136 <br />Water 22 315 337 <br />Sewer 2 0 <br />Electric & Water 2 35 <br />Electric & Sewer 0 0 <br />Water & Sewer 7 99 <br />All 3 1 35 <br /> <br />Gross utility revenue from the area is as follows: <br /> <br />out-of-citY' rates <br /> <br />Adjusted to in-citY' rates <br /> <br />Electric <br />Water <br />Sewer <br /> <br />$ 8,400.00 <br />26,140.80 <br />13,000.00 <br /> <br />$ 8,400.00 <br />13,070.40 <br />13,000.00 <br /> <br />If the sections were incorporated into the city there would be no changes in <br />electric and sewer rates from the present tariff schedule; hovever the water <br />revenue would be reduced by 50 per cent. <br /> <br />General CitY' Revenue <br /> <br />other annual revenue which eventually might accrue to the city would <br />fall into the various revenue categories of the city. Consideration <br />would have to be given to any Court-directed use of any or all of this <br />revenue. <br /> <br />Complete tax data has not been yet available as to tax values in the <br />area. It will be necessary to go into a more extensive study in order <br />to develop this information. <br /> <br />CXle revenue factor that draws particular attention is the manufacturers <br />gross receipts license tax. This comes into attention because of the <br />amount of industrial activity in the Comission's area. It would be <br />considered, based on prelilllinary evaluation, that subject to poliCY <br />determination by City Council substantial reductions in the <br />manufacturers gross receipts tax could be made if the taxable value <br />of the area proposed were added to the existing city. <br /> <br />The water and sewer: utility revenue :f'rom developed and undeveloped <br />sections of the proposed area would for considerable pariod of time <br />be materially offset by the cost of utility extensions into the area. <br /> <br />""~."...._~""'"--"-,,_..--"'""'-----~,,.""~"".."~-~,.""~' -,,"", <br />