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BUDGET: The requested disannexation would deprive the City of the property tax revenue for <br />the disannexed property, and potentially sales tax revenues should the properties ever be <br />developed for commercial or retail uses. Given the lack of development and Ag exemptions on <br />most of the parcels, those revenues are minimal, but could go up substantially if the property is <br />ever developed depending on the nature of that development. <br />OPTIONS: <br />1. Enact an ordinance disannexing all five parcels the subject to the <br />petitions. <br />2. Enact an ordinance disannexing on or more but not all of the subject <br />parcels and pass a resolution denying disannexation as to the remaining <br />parcels. <br />3. Pass a resolution denying disannexation of all of the subject parcels. <br />RECOMMENDATION: Based on all of the considerations above, staff has recommended <br />that Council pass a resolution denying disannexation of all of the parcels subject to the <br />petitions for disannexation (Option 3). <br />