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1998 Resolutions
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1998 Resolutions
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2/17/2009 8:43:13 AM
Creation date
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Ord/Resolutions
Year
1998
Ord/Resolutions - Type
Resolutions
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Fiscal Impact Statement <br /> For Proposed Multi-Family Housing Facility Revenue Bend Financing <br /> <br />Name of Applicant: Lee Hall Limited Partnership <br /> <br />Facility's Address: 957/B Suburban Parkway, Portsmouth, Virginia 23702 <br /> <br />1. Maximum amount of financing sought: $ 6,050,000 <br /> <br />2. Estimated taxable value of the <br /> Facility's real property to be <br /> construed in the municipality $ 4,191,176 <br /> <br />3. Estimated real property tax per <br /> year using present tax rates $ 57,000 <br /> <br />4. Estimated personal property tax <br /> per year using present tax rates $ N/A <br /> <br />5. Estimated merchant's capital tax <br /> per year using-present tax rates $ N/A <br /> <br />6. Estimated dollar value per year of <br /> goods and services that will be <br /> purchased locally $ 556,275 <br /> <br />7. Estimated number of regular employees <br /> on year round basis $ 6 <br /> <br />8. Average annual salary per employee $ 17,500 <br /> <br /> The information contained in the Statement is based solely on facts and estimates <br />provided by the applicant and the Authority has no responsibility with respect thereto. <br /> <br /> PORTSMOUTH REDEVELOPMENT <br /> AND HOUSING AUTHORITY <br /> <br /> By: __________________________________ <br /> Vice Chairman <br /> <br /> <br />
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