This is extremely informative and anyone interested should at least go through the PowerPoint. What it seems to conclude is that the net revenue to the Town from the proposed development would be about 1% of the current Town revenues. In other words, net revenues would rise 1%. Does that mean a potential decrease in Town real estate taxes by an offsetting amount? My response to this appears first below:
"This is very helpful.
"This is very helpful.
Since this is all predictive,
can you provide a similar fiscal analysis of East54? for example, so that we
can see how a project – not that old – actually translates into one-time and
annual revenues and costs? Why rely only on a good-faith prediction when real
data on real property is available so that we can test the validity of this
analysis in a real case?
Thanks."
From the Town:
"Hello all,
Attached to this email is the
fiscal analysis of the proposed Obey Creek development requested by Council
during their June 23, 2014 Business Meeting. The Council will be reviewing this
information during their upcoming work session on Wednesday, October 1st
at 6:00pm. The meeting will be held in Meeting Room B of the Chapel Hill Public
Library, 100 Library Drive.
More information about the Obey
Creek development agreement process can be found at www.townofchapelhill.org/obeycreek
Please let me know if you have
any questions. Thanks!
Megan
Megan K. Wooley, Community Sustainability Planner
Community Sustainability Division | Planning and Sustainability
405 Martin Luther King Jr Blvd. | Chapel Hill NC 27514
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