Fort Walton Beach Council agenda — 08-11-09 special — reading text

a N Ua d RS U . G N u y Q ai U a O N •. O o o a d y -d a> w° o 430 0, U 43 0 w o a A a M GU U d -" J y a a o U we H a 0 b° o o o a U CL N o 0 N p O G O g O O m m a CL D  ORIGINAL CRA AREA 2004 2005 2006 2007 2008 2009 FY 2004 -05 FY 2005 -06 FY 2006 -07 FY 2007 -08 FY 2008 -09 FY 2009 -10 1980 Base Year Taxable Value 15, 309, 825 15, 309,825 15, 309,825 15, 309, 825 15, 309,825 15, 309, 825 Current Year Taxable Value 99, 150, 202 134, 150, 148 166, 384,475 183, 549, 585 203,719,445 198, 414, 602 Increment 83, 840, 377 118, 840, 323 151, 074,650 168, 239, 760 188, 409,620 183, 104, 777 City Millage 4. 9700 4.9700 4. 6458 4. 1986 4. 1986 4. 1986 County Millage 4. 2500 4. 2500 3. 6500 3. 3443 3.2995 3. 2995 City Amount at 95% Collection 395,852 561, 105 666;769 671, 053 751, 504 730, 345 County Amount at 95% Collection 338, 506 479, 818 523, 851 534,512 590, 575 573, 947 14. 51% 41. 75% 18.83% 0. 64% 11. 99% 2. 82% 14. 51% 41. 75% 9. 18% 2. 04% 10.49% 2. 82% EXPANDED CRA AREA 2004 2005 2006 2007 2008 2009 FY 2004 -05 FY 2005 -06 FY 2006 -07 FY 2007 -08 FY 2008 -09 FY 2008 -09 1999 Base Year Taxable Value 37,439,782 37,439,782 37, 439,782 37, 439, 782 37,439, 782 37,439, 782 Current Year Taxable Value 62, 024, 322 80, 050,560 100, 159, 374 111, 800, 011 97, 270,927 93, 075, 813 Increment 24, 584, 540 42, 610,778 62, 719, 592 74, 360,229 59, 831, 145 55,636, 031 City Millage 4. 9700 4. 9700 4.6458 4. 1986 4. 1986 4. 1986 County Millage 4. 2500 4. 2500 3. 6500 3. 3443 3.2995 3. 2995 296,598 238, 647 221, 914 City Amount at 95% Collection 116,076 201, 187 276, 814 County Amount at 95% Collection 99, 260 172, 041 217,480 236,249 187, 542 174, 393 TOTALTOTAL CRACRA AREAAREA CurrentCurrent YearYear TaxableTaxable ValueValue 161, 174,524 214,200, 708 266,543,849 295, 349, 596 300,990,372 291, 490, 415 Current Year Increment 108,108, 424,424, 917917 161,161, 451,451, 101101 213,213, 794,794, 242242 242,242, 599,599, 989989 248,248, 240,240, 765765 238,238, 740,740, 808808 Total Combined City TIF 511, 928 762, 291 943,583 967,651 990, 151 952,259 Total Combined County TIF 437, 766 651, 859 741, 332 770,761 778, 117 748,340 Total TIF 949, 694 1, 414,150 1, 684,915 1, 738,412 1, 768,268 1, 700, 599 Taxable Value Increase 16. 50% 32. 90% 24.44% 10. 81% 1. 91% 3. 16% Increment Value Increase 26. 66% 48.91% 32.42% 13. 47% 2. 33% 3. 83% C:C:\ \ \D C: Documents ocumentsDocuments and andand Settings\crjohnsonUcal Settings\Settings\ crjohnsonUcalcrjohnsonUcal Settings SettingsSettings \ \\T Temporary emporaryTemporary Intemet IntemetIntemet Files FilesFi\ les \\O OLK4\ LK4\CRA OLK4\ CRACRA Assessed AssessedAssessed Valuel. Valuel.Valuel. As AsAs 8/8/ 6!2009 8/ 6!6! 20092009 11: