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6 <br />COST TO REPAY THE BONDS WILL BE <br />GRADUATED TAX INCREASES BASED ON A FOUR YEAR PLAN <br />1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR <br />~ ($0.00 Increase) ($0.05671ncrease) (AddNional $0.0429 Increase (Additional $0.01591ncrease <br />Net Proposed Tax Average <br />Property Taz Rate Increase Monthly <br />Value Inerease PerYear Increase <br />$ 25,000 $ - $ <br />50,000 - <br />75,000 - <br />100,000 - <br />125,000 - <br />150,000 - <br />Proposed Tau Average I Proposed <br />Tax Rate Increase MoMhly Tax Rate <br />$ - <br />$ 0.0567 $ 14.18 $ 1.18 <br />$ 0.0960 $ <br />- <br />0.0567 28.35 2.36 <br />0.0960 <br />- <br />0.0567 42.53 3.54 <br />0.0960 <br />- <br />0.0567 56.70 4.73 <br />0.0960 <br />- <br />0.0567 70.88 5.91 <br />0.0960 <br />- <br />0.0567 85.05 7.09 <br />0.0960 <br />Tax Average Proposed Tax Average <br />:rea4!e Monthly Tau Rate Increase Monthly <br />vYedr Increase Increase PerYear Increase <br />24.00 $ 2.00 1 $ 0.1155 $ 28.88 $ 2.41 <br />48.00 <br />4.00 <br />0.1155 <br />57.75 <br />4.81 <br />72.00 <br />6.00 <br />0.1155 <br />86.63 <br />722 <br />96.b0 <br />8.00 <br />0.1155 <br />115.50 <br />9.63 <br />120.00 <br />70.00 <br />0.1155 <br />144.38 <br />12.03 <br />144.00 <br />12.00 <br />0.1155 <br />173.25 <br />14.44 <br />TOTAL BOND PROGRAM PROPOSITIONS ANp EXPENDITURES <br />Requiretl <br />Percentape <br />Equivalent <br />Averege <br />Additional <br />Total <br />of Required <br />Requiretl <br />Cost Per <br />Annual <br />CapRal Improvement Project <br />Projected <br />Tax <br />Tax RatR <br />Year Atter <br />M80 Cost <br />and Proposftion Number <br />Cast <br />Increace <br />Increase <br />Faurth Year• <br />(7ax Rate)° <br />~ <br />1. <br />Fire Station #2 <br />S 1,885,000 <br />13.00% <br />$ 0.01502 <br />$ 11.04 <br />(1.5¢) <br />$ 37.48 (5.1¢) <br />2. <br />Library Ezpansion <br />1,020,000 <br />7.04% <br />0.00813 <br />5.97 <br />(0.8¢) <br />7.35 (1.0¢) <br />3. <br />Recreffilon Cenler <br />4,845,000 <br />33.43% <br />0.03861 <br />. 28.37 <br />(3.9¢) <br />27.93 (3.8¢) <br />4. <br />Police Compiex <br />3,460,000 <br />23.87% <br />0.02787 <br />2028 <br />(2.7¢) <br />4.41 (0.6¢) <br />5. <br />Fira Station #1 / Police Renovation <br />200,000 <br />1.38% <br />0.00159 <br />1.17 <br />(0.1¢) <br />- (0.0¢) <br />6. <br />Ball Field Land and Complex <br />1,870,000 <br />12.90% <br />0.01490 <br />10.95 <br />(7.5¢) <br />13.23 (1.8¢) <br />7. <br />Cily Pool <br />1,215,000 <br />8.38% <br />0. 8 <br />7.12 <br />(1.06) <br />1176 (1.6¢) <br />Total ot AlI Propositiona <br />$14,495,000 <br />100.00% <br />$ 0.11550 <br />$ 84.89 <br />(11.5¢) <br />$102.16 (13.9¢) <br />' Based upon TeneMApprafsel DishrcYs everage Seginaw ResideMiel Home Velue o/$73,495 <br />" MBO (Maintenance and Oparation) increase includas addltional personnN, uNlilles, fnsuronce'.and supplies. <br />NOTE: Required tax increase /or bond rapaymant k besed ar a 115% yrowtb iacfor fn property veh%aNons, which is substentieltylower <br />than fhe ecfual increase oi 21% /or this past year. <br />