7. Active Purposes of the District(s) Proposed design, construction and completion of on and off-site public improvements including, but not limited to, on and off-site streets, roadway and landscaping improvements 8. Current Certified Mill Levies a. N/A (no debt issuance currently anticipated) a. Debt Service b. 10 Mills (as may be Gallagher adjusted) b. Operational c. N/A c. Other d. 10 Mills (as may be Gallagher adjusted) d. Total 9. Sample Calculation of Current Mill Levy Assume a commercial property (no residential for a Residential and Commercial Property property is expected within the District) with a (as applicable). value of $500,000 x 29% = $145,000 (assessed value); $145,000 x .010 = $1,450 taxes per year due to the District 10. Maximum Authorized Mill Levy Caps a. N/A (no debt issuance currently anticipated) (Note: these are maximum allowable mill b. 10 Mills (as may be Gallagher adjusted) levies which could be certified in the c. N/A future unless there was a change in state d. 10 Mills (as may be Gallagher adjusted) statutes or Board of County Commissioners approvals) a. Debt Service b. Operational c. Other d. Total 11. Sample Calculation of Mill Levy Cap for a Assume a commercial property (no residential Residential and Commercial Property (as property is expected within the District) with a applicable). value of $500,000 x 29% = $145,000 (assessed value); $145,000 x .010 = $1,450 taxes per year due to the District 12. Current Outstanding Debt of the District N/A (as of the end of year of this report) 13. Total voter-authorized debt of the District N/A (including current debt) 14. Debt proposed to be issued, reissued or N/A otherwise obligated in the coming year. 15. Major facilities/ infrastructure N/A improvements initiated or completed in the prior year 16. Summary of major property exclusion or N/A inclusion activities in the past year. Reminder:
7. Active Purposes of the District(s) Proposed design, construction and completion of on and off-site public improvements including, but not limited to, on and off-site streets, roadway and landscaping improvements 8. Current Certified Mill Levies a. Debt Service b. Operational c. Other d. Total a. N/A (no debt issuance currently anticipated) b. 10 Mills (as may be Gallagher adjusted) c. N/A d. 10 Mills (as may be Gallagher adjusted) 9. Sample Calculation of Current Mill Levy for a Residential and Commercial Property (as applicable). Assume a commercial property (no residential property is expected within the District) with a value of $500,000 x 29% = $145,000 (assessed value); $145,000 x .010 = $1,450 taxes per year due to the District 10. Maximum Authorized Mill Levy Caps (Note: these are maximum allowable mill levies which could be certified in the future unless there was a change in state statutes or Board of County Commissioners approvals) a. Debt Service b. Operational c. Other d. Total a. N/A (no debt issuance currently anticipated) b. 10 Mills (as may be Gallagher adjusted) c. N/A d. 10 Mills (as may be Gallagher adjusted) 11. Sample Calculation of Mill Levy Cap for a Residential and Commercial Property (as applicable). Assume a commercial property (no residential property is expected within the District) with a value of $500,000 x 29% = $145,000 (assessed value); $145,000 x .010 = $1,450 taxes per year due to the District 12. Current Outstanding Debt of the District (as of the end of year of this report) N/A 13. Total voter-authorized debt of the District (including current debt) N/A 14. Debt proposed to be issued, reissued or otherwise obligated in the coming year. N/A 15. Major facilities/ infrastructure improvements initiated or completed in the prior year N/A 16. Summary of major property exclusion or inclusion activities in the past year. N/A Reminder:
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