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HomeMy WebLinkAboutCC-02-17-03-02 Fiscal Plan/C250 SPONSORED BY: COUNCILORS KOVEN, SNYDER AND WILSON RESOLUTION NO. CC-02-17-03-02 (Formerly Resolution No. CC-11-18-02-03) A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, ADOPTING A FISCAL PLAN FOR THE ANNEXATION OF PROPERTY CONTIGUOUS TO THE CITY OF CARMEL, INDIANA WHEREAS, well defined long term planning benefits the City of Carmel ("City") and the community at large; and WHEREAS, in recognizing the need and benefit of long term planning, the Common Council of the City of Carmel, Indiana ("Council") is desirous of annexing a certain portion of Clay Township into the City of Cannel (the "Annexation Territory"); and WHEREAS, the Annexation Territory is contiguous to the existing city limits of the City of Carmel; and WHEREAS, a map describing the boundaries of the Annexation Territory is attached hereto and incorporated herein as Exhibit A; and ~ WHEREAS, a legal description of the Annexation Territory is attached hereto and incorporated herein as Exhibit B; and WHEREAS, the Annexation Territory consists of approximately 132 acres; and WHEREAS, the Annexation Territory is needed and can be used by the City for its development in the reasonably near further; and WHEREAS, responsible planning and state law require adoption of a fiscal plan and a definite policy for the provision of certain services to annexed areas; and WHEREAS, the Council is desirous of adopting a written fiscal plan for the Annexation Territory; NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel of Carmel, Indiana, that: Section One: The Council adopts the Fiscal Plan ("Plan") prior to the adoption of the annexation ordinance for the Annexation Territory, a copy of which is attached hereto and incorporated herein as Exhibit C. Section Two: The purpose of the Plan is to confirm that the City is physically and financially able to provide municipal services to the Annexation Territory pursuant to the Plan. SPONSORED BY: COUNCILORS KOVEN, SNYDER AND WILSON Section Three: The basic services described in the Plan become effective pursuant to the Plan upon adoption of Annexation Ordinance No. C-250. Section Four: The City will provide a copy of the Plan immediately after adoption to the landowner in the Annexation Territory who requests a copy from the Clerk-Treasurer of the City. Section Five: This Resolution shall be in full force and effect from the date of passage, and its publication, as provided by law. PASSED by the Common Council of the City of Carmel, Indiana this /"7IAday of ~Pxrt~t0.~t*~ ,2003, byavoteof t0 ayesand ~ nays. 4~esiding Officer ~t~r-o Tempore OF CARMEL Koven Robert Battreall d/~ald E. C ATTEST: Diana L. Cordray, Clerk-'l]reasCrer ~Vayne SPONSORED BY: COUNCILORS KOVEN, SNYDER AND WILSON me to thc Mayor of of Carmel, Indiana, the//_~ day of Pres~e~t~e~ by the ~,.~ , 2003, at ~' _~.m. City Diana L. Cordray, Clerk-Tre~rer ~:=~e~:Approvel:l by me, the Mayor of the City of Carmel, Indiana this /fi2~day of ~/ ,2003 at 75'~ f.m. J~es Brained, ~ayor ~ ATTEST: Diana L. Cordray, Clerk-Tr u~ Prepared By: Sue A. Bcesley Bingham McHale LLP 10 W. Market Slxeet Suite 2600 Indianapolis, Indiana 46204 Exhibit A Annexation C250 BRIARWOOD /WOODBROOK DOWNS Produced by City of Carmel, GIS 1'v06/2002 Propedy Lines Right-of-Way Subdivision Boundary Annexation Area Existing Corporate Boundary Pending Annexation C249 EXHIBIT B LEGAL DESCRIPTION ANNEXATION ORDINANCE C-250 (BRIARWOOD]WOODBROOK DOV~NS) (REVISED) Part of the Southwest Quarter of Section 21, Township 18 North, Range 4 East and part of the Northwest Quarter of Section 28, Township 18 North, Range 4 East in Clay Township, Hamilton County, Indiana, being more particularly described as follows: Commencing at the southwest comer of the Southwest Quarter of said section 21, said point also being the northwest comer of the Northwest Quarter of said section 28 (assumed centerline of Gray Road); Thence on and along the south line of said Section 21 and the north line of said Section 28, 90 degrees 00 minutes 00 seconds east a distance of 16.5 feet to the POINT OF BEGINNING of this description, said point being 90 degrees 00 minutes 00 seconds west, a distance of 3.5 feet from the southwest comer of parcel number 17-10-00-00- 040.101; Thence north 00 degrees 00 minutes 00 seconds, parallel to the west line of said Section 21 and the west line of parcel number 17-10-00-00-040.101, a distance of 338.41 feet to a point 90 degrees 00 minutes 00 seconds west, a distance of 3.5 feet from the northwest comer of said parcel number 17-10-00-00-040.101and the southwest comer of the W oodbrook Downs Estates subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-72); Thence 90 degrees 00 minutes 00 seconds east a distance of 3.5 feet to a point on the easterly right of way of Gray Road, said point being the northwest comer of parcel number 17-10-21-00-00~040.101 and the southwest comer of the Woodbrook Downs Estates subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-72); Thence north 00 degrees 00 minutes 00 seconds on and along the easterly right of way line of Gray Road and the west line of the Woodbrook Downs Estates subdivision, a distance of 980.47 feet to a point on the south boundary of real estate described in Deed Book 303, page 557 in the Office of the Recorder of Hamilton County, said point also being the northwest comer of the Woodbrook Downs Estates subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-72); Thence north 89 degrees 49 minutes 31 seconds east on and along the north line of Woodbrook Downs Estates, along the north line of parcel numbers 17-10-21-00-00-017.000 and 17-10-00-00-017.002 and along the south line of real estate described in Deed Book 303, page 557 and along the south line of the Valleybrook subdivision, a distance of 2037.48 feet to a point (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-126); Thence north 89 degrees 51 minutes 22 seconds on and along the north line of parcel number 17-10-21-00-00- 016.002 and along the south line of Valleybrook, a distance of 602.48 to a point on the east line of the Southwest Quarter of said Section 21, said point being the northeast comer of parcel number 17-10-21-00-00-016.002, the southeast comer of the Valleybrook subdivision and the west line of the Avian Glen subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-126); Thence continuing on and along said east line and along the east line of parcel numbers 17-10-21-00-00-016.002 and 17-10-21-00-00-016.001 and along the west line of Avian Glen, south 00 degrees 09 minutes 24 seconds east, a distance of 987.77 feet to a point (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-161); Thence continuing on and along said east line and along the east line of parcel numbers 17-10-21-00-00-016.001 and 17-10-21-00-00-016.000 and the west line of Avian Glen, south 00 degrees 11 minutes 23 seconds west, a distance of 330.92 feet to the southeast comer of parcel number 17-10-21-00-00-016.000, said point also being the southwest comer of the Avian Glen subdivision, the southeast comer of the Southwest Quarter of said Section 21 and the northeast comer of the Northwest Quarter of said Section 28 (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C- 161 ); Thence south 89 degrees 49 minutes 41 seconds west on and along the south line of the Southwest Quarter of Section 21, the north line of the Northwest Quarter of said Section 28, the south line of parcel number 17-10-21-00- 00-016.000, the south line of Woodbrook Downs Estates, the north line of the Trails of Avian Glen (coincident with the corporate limits of the City of Carmel via A~mexation Ordinance C-180) and Briarwood subdivisions, a distance of 1893.60 feet to the southwest comer of Lot #24 in the Woodbrook Downs Estates subdivision and the southeast comer of parcel number 17-10-21-00-00-040.000; Thence south 89 degrees 49 minutes 41 seconds west along the south line of parcel number 17-10-21-00-00- 040.000, the south line of the McCallister subdivision, the south line of parcel number 17-10-21-00-00-040.101, the north line of the Briarwood subdivision, the south line of the Southwest Quarter of Section 21 and the north line of the Northwest Quarter of Section 28, a distance of 747.99 feet to the southwest comer of parcel number 17-10-21- 00-00-040.101, said point being on the easterly right of way line of Grey Road; Thence 90 degrees 00 minutes 00 seconds (assumed bearing) west a distance of 3.5 feet to the POINT OF BEGINNING of this description, containing 79.978 acres, more or less, subject to all legal easements and right of way of record. ALSO: Commencing at the northwest comer of said Section 28, said point also being the southwest comer of said Section 21, thence on and along the north (and south) line thereof, 90 degrees 00 minutes 00 seconds east a distance of 20.0 feet to the southwest comer of parcel number 17-10-21-00-00-040.101; thence north 89 degrees 49 minutes 41 seconds east, a distance of 20.0 feet (coincident with the corporate limits of the City of Carmel) to the POINT OF BEGINNING, said point being located on the easterly fight of way line of Gray Road; Thence continuing along said north (and south) line, said line being the north line of the Briarwood subdivision and the south line of parcel number 17-10-21-00-00-040.101, the McCallister subdivision, parcel number 17-10-21-00- 00-040.000 and the Woodbrook Downs Estates subdivision, north 89 degrees 49 minutes 41 seconds east a distance of 1955.42 to a point, said point being the northwest comer of the east half of the east half of the Northwest Quarter, the northeast comer of the Briarwood subdivision and the northwest comer of the Trails of Avian Glen subdivision; Thence on and along the west line of the east half of the east half of said Northwest Quarter, said line also being the west line of the Trails of Avian Glen subdivision and the east line of the Briarwood subdivision, south 00 degrees 05 minutes 14 seconds west a distance of 1189.07 feet to the southeast comer of Lot Number 19 in the Briarwood subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-180); Thence south 89 degrees 48 minutes 29 seconds west along the south line of the Briarwood subdivision, said line also being the north line of the Briarstone subdivision, a distance of 1773.61 feet to the southwest comer of Lot Number 32 in the Briarwood subdivision (coincident with the corporate hmits of the City of Carmel via Annexation Ordinance C-66); Thence north 00 degrees 00 minutes 00 seconds along the west lines of Lot Number 32 and 33 in the Briarwood subdivision, and parallel to the west line of said Section 28, a distance of 217.0 feet to a point on the west line of Lot Number 33 at the southeast comer of Lot Number 35 in the Briarwood subdivision (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-249); Thence south 89 degrees 48 minutes 29 seconds west along the south line of Lot Number 35 in the Briarwood subdivision, a distance of 180.0 feet to a point on the easterly right of way line of Gray Road (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-249); Thence north 00 degrees 00 minutes 00 seconds (assumed bearing) along said easterly right of way line and along the west line of the Briarwood subdivision, a distance of 972.00 feet (coincident with the corporate limits of the City of Carmel via Annexation Ordinance C-72) to the POINT OF BEGINNING, containing 52.46 acres, more or less, subject to all legal easements and right of way of record. The aggregate total acreage is 132.438 acres. This annexation includes the following parcels: Briarwood (39) 17~ 10-28-00-00-001.000 17-10-28-00-00-001.001 17-10-28-00-00-002.000 17-10-28-00-00-003.000 17-10-28-00-00-003.00l 17-10-28-00-00-008.000 17 - 10-28-00-00-009.000 17-10-28-00-00-010.000 17-10-28-00-00-011.000 17-10-28-00-00-012.000 17~10-28-00-00-018.000 17-10-28-00-00-028.000 17-10-28-00-00-019.000 17-10-28-00-00-029.000 17-10-28-00-00-020.000 17-10-28-00-00-030.000 17-10-28-00-00-021.000 17-10-28-00-00-031.000 17-10-28-00-00-022.000 17-10-28-00-00-032.000 17-10-28-00-00-004.001 17-10-28-00-00-004.000 17-10-28-00-00-005.000 17-10-28-00-00-006.000 17-10-28-00-00-007.000 McCallister (2) 17-10-21-00-03 -002.000 17-10-28-00-00-013.000 17-10-28-00-00-014.000 17-10-28-00-00-015.000 17-10-28-00-00-016.000 17-10-28-00-00-017.000 17-10-21-00-03-001.000 Woodbrook Downs Estates (23) 17-10-21-00-00-016.000 17-10-21-00-00-033.000 17-10-21-00-00-016.001 17-10-21-00-00-034.000 17-10-21-00-00-016.002 17-10-21-00-00-035.000 17-10-21-00-00-017.000 17-10-21-00-00-036.000 17-10-21-00-00-017.001 17-10-21-00-00-037.000 17-10-28-00-00-023.000 17-10-28-00-00-033.000 17-10-28-00-00-024.000 17-10-28-00-00-034.000 17-10-28-00-00-025.000 17-10-28-00-00-035.000 17-10-28-00-00-026.000 17-10-28-00-00-036.000 17-10-28-00-00-027.000 17-10-21-00-00-041.000 17-10-21-00-00-042.000 17-10-21-00-00-043.000 17-10-21-00-00-017.002 17-10-21-00-00-018.000 17-10-21-00-00-020.000 17-10-21-00-00-032.000 17-10-21-00-00-032.001 17-10-21-00-00-037.001 17-10-21-00-00-038.000 17-10-21-00-00-039.000 17-10-21-00-00-040.000 17-10-21-00-00-040.101 The following right of way is included in this annexation: Subdivision Streets · Beechtree Circle · Briarwood Court · Briarwood Trail · Buckeye Court · Chestnut Circle · Sun Brian Court · Wintergreen [Jane Perimeter Streets · Additional partial Gray Road (not included in original Annexation Ordinance C-72) S:~,ANNEXATIONS\LEGALC 250 7 City of Carmel Annexation Fiscal Plan 23 Parcels in Woodbrook Downs Estates, 2 Parcels in McCallister Subdivision and 39 Parcels in Briarwood, This Fiscal Plan may be inspected at the Department of Community Services, located on the 3Td floor of City Hall, Carmel, IN. Copies of the Fiscal Plan are available to the public for a fee in accordance with city ordinances. Questions related to this annexation can be directed to Michael Hollibangh, Director, Department of Community Services, City of Carmel (317-571-2417). Executive Summary of Annexation Impact Summary of Fiscal Impact The following table summarizes the properties involved in the proposed annexation and thc property tax burden on the annexation area according to the "Online Tax Report" obtained from the Hamilton County website. ~arcel # taxable value 2002 semi-annual area property taxes Woodbrook 17-10-21-00-00-016.000 $159,800 $6,491 5.1 17-10-21-00-00-016.001 $264,800 $2,303 5.0 17-10-21-00-00-016.002 $480,600 $4,687 5.0 17-10-21-00-00-017.000 $269,800 $2,366 8.1 17-10-21-00-00-017,001 $312,000 $2,729 4.9 17-10-21-00-00-017,002 $78,500 $768 3.0 17-10-21-00-00-018.000 $2,900 $28 1.0 17-10-21-00-00-020.000 $600 $25 0.0 17-10-21-00-00-032,000 $22,500 $219 7.5 17-10-21-00-00-032.001 $15,800 $154 0.0 17-10-21-00-00-033.000 $193,300 $1,885 2.2 17-10-21-00-00-034,000 $170,000 $1,478 0.0 17-10-21-00-00-035,000 $150,100 $1,305 2.1 17-10-21-00-00-036.000 $165,600 $1,615 0.0 17-10-21-00-00-037.000 $6,500 $64 0.4 Annexation Fiscal Plan/64Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN I 7-10-21-00-00-037.001 $900 $37 0.0 17-10-21-00-00-038.000 $157,500 $1,380 0.0 17-10-21-00-00-039.000 $211,300 $1,842 1.5 17-10-21-00-00-040.000 $45,300 $442 1.9 17-10-21-00-00-040.001 $104,300 $919 1.6 17-10-21-00-00-041.000 $161,400 $1,398 0.0 17-10-21-00-00-042.000 $171,300 $1,645 1.6 17-10-21-00-00-043.000 $112,200 $973 1.7 McCa[lister 17-10-21-00-03-001.000 $175,600 $1,521 0.0 17-10-21-00-03-002.000 $228,500 $1,977 0.0 Briarwood 17-10-28-00-00-001.000 $17911 O0 $1,561 3.1 17-10-28-00-00-001.001 $123,300 $1,067 1.3 17-10-28-00-00-002.000 $121,800 $1,053 2.7 17-10-28-00-00-003.000 $210,000 $1,839 1.1 17-10-28-00-00-003.001 $100 $5 0.7 17-10-28-00-00-004.000 $246,500 $2,141 2.1 17-10-28-00-00-004.001 $200 $5 0.0 17-10-28-00-00-005.000 $2,100 $20 . 4.2 17-10-28-00-00-006.000 $233,600 $2,029 0.0 17-10-28-00-00-007.000 $395,600 $1,295 1.1 17-10-28-00-00-008.000 $115,500 $1,353 0.0 17-10-28-00-00-009.000 $161,300 $1,395 0.0 17-10-28-00-00-010.000 $151,700 $1,311 0.0 17-10-28-00-00-011.000 $153,000 $1,339 1.4 17-10-28-00-00-012.000 $137,400 $1,188 1.2 17-10-28-00-00-013.000 $42,500 $874 1.2 17-10-28-00-00-014.000 $228,400 $4,166 1.4 17-10-28-00-00-015.000 $175,400 $1,530 1.1 17-10-28-00-00-016.000 $119,500 $1,033 0.0 17-10-28-00-00-017.000 $142,500 $1,232 1.1 Annexation Fiscal Plan/64Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN 2 17-10-28-00-00-018.000 $138,600 $1,281 0.0 17-10-28-00-00-019.000 $142,200 $1,230 0.0 17-10-28-00-00-020.000 $158,300 $1,375 0.0 17-10-28-00-00-021.000 $176,300 $1,524 1.0 17-10-28-00-00-022.000 $206,200 $3,764 1.0 17-10-28-00-00-023.000 $135,1 O0 $1,168 1.0 17-10~28-00-00-024.000 $146,900 $1,432 O. 0 17-10-28-00-00-025.000 $176,300 $1,525 0.0 17-10-28-00-00-026.000 $143,500 $1,241 0.0 17-10-28-00-00-027.000 $155,600 $1,346 1.2 17-10-28-00-00-028.000 $134,000 $1,159 1.3 17-10-28-00-00-029.000 $118,900 $1,035 1.0 17-10-28-00-00-030.000 $162,000 $1,580 1.1 17-10-28-00-00-031.000 $281,200 $2,743 1.1 17-10-28-00-00-032.000 $270,300 $2,347 1.3 17-10-28-00-00-033.000 $127,500 $1,103 1.4 17-10-28-00-00-034.000 $133,200 $3,707 0.0 17-10-28-00-00-035.000 $134,600 $1,165 0.0 17-10-28-00-00-036.000 $138,900 $1,201 0.0 totals $9,680,200 $96,611 87.6 projected semi-annual property tax $11,593 $14,492 increase resulting from annexation i (Iow-high) Annexation of the above properties is projected to result in an overall increase in the total property tax bills as shown above, which represents a projected tax impact of 12%-15%. The final amount of this tax increase will depend upon several factors, possibly including: the final, approved budgets (and subsequent property tax rates) of the county, township, and city of Carmel; any changes to the financial configuration of the joinder agreements between the City and township (especially changes relating to the Parks and Fire joinders); and the final implementation of property tax changes made by the Indiana General Assembly during the 2002 Spring Session, as well as ongoing statewide re-assessment. Contiguity The annexation territory is substantially more than 12.5% contiguous with the corporate boundaries of the City of Carmel. Annexation Fiscal Plan164Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN 3 Proportion Subdivided The annexation territory is entirely the result of the subdivision process. As such, these parcels are themselves subdivided from larger parcels, thereby making the annexation area more than 60% subdivided. Annexed Population The proposed annexation will include a nominal amount of additional population, (estimated to be no more than 165-175 people) amounting to a population increase of less than 1%. Consequently, the annexation is not projected to have significant impact on population-based revenue streams of the City. Annexed Streets & Roads The Briarwood annexation area is estimated to add 0.6 miles of streets and roads to the municipal thoroughfare system which contains approximately 215 miles of local streets and roads and the annexation area of Woodbrook Downs Estates will add 0.45 miles. The streets in the area were developed under development standards without curbs and sidewalks. Therefore, the City will install no curbs and/or sidewalks in the area after annexation. The City will, however, assume responsibility for replacing defective street signs in accordance with City policy. Therefore, the projected fiscal impact of the proposed annexation on the street department is estimated to be less than 0.3% on the expenses and revenue streams related to thoroughfare miles. It should be noted, however, that Carmel has a number of pending annexations which collectively adds potentially significant miles of city streets and other costs will accrue. Summary of Municipal Service Impact The proposed annexation involves properties which are already receiving a substantial complement of municipal services, including capital and non-capital services of the Street Department, Fire Department, Police Department, city administration (including planning), and municipal utilities. Some of these municipal services are provided through joinder agreements with the township. All municipal services will be provided to the annexation territory in a manner equivalent to the provision of services to other parcels within the corporate limits. DEP/IRTMENT/IL SERVICES PROVIDED BYJOINDER Many municipal services of the City of Carmel are offered through a joinder agreement with Clay Township. The following services are provided through joinder agreements: fire protection, parks, planning/zoning/community development services, and the communications center. Since these j oinder services are provided inside and outside of the corporate limits of the City, the proposed annexation will generate no measurable fiscal impact on the operation of these j oinder departments. Instead, the revenues associated with these departments will simply be transferred from the township budget to the municipal budget, thereby generating no net impact on the taxpayer. Annexation Fiscal Plan164Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN 4 IMPACT ON POLICE DEPARTMENT The projected fiscal impact of the annexation on the police department is projected to be negligible. Carmel Police already patrol the major corridors serving the property in the annexation territory, as well as answering calls for service in the general area. As a purely technical matter, if a crime or a call for service were to occur on the property within the annexation territory, the City Police are supposed to defer to the County Sheriff. However, as a practical matter, the technical minutia of such jurisdictional issues is projected to actually cost more than it is worth to enfome. In fact, the annexation will probably result in a cost savings to the municipality due to clarification of such jurisdictional minutia. However, the only way there would be any practical difference in the cost of municipal police service would be if a crime were to occur directly on one of these parcels, which is an extremely unlikely occurrence, in statistical terms. Therefore, the projected impact on municipal police services is estimated to be negligible. IMPACT ON STREET DEPARTMENT The projected impact of the proposed annexation on the municipal operation of the Street Department is estimated to cause additional expenses of approximately 0.3% to the Carmel Street Department, due to the local streets added by the annexation. IMPACT ON MUNICIPAL .4DMINISTRATION The projected impact of thc proposed annexation on the departments involved in municipal administration is projected to also bc $0. Thc practicality of the matter is that citizens in the armcxation territory are already frec to request administrative services of thc City, including phone calls to the Mayor and City Council and offering testimony at public meetings, which are treated with respect and given appropriate response. IMPA CT ON MUNICIPAL UTILITIES All of the parcels within the annexation territory will be afforded access to full utility services, as specifically provided by the City annexation policies including capital and non-capital water and sewer utility services precisely in accordance with the standard practices of the city utility ordinances, and in accordance with the systems of rates and charges which are administered by the utility departments. The Utility Department estimates the cost of installing water and sewer services in the annexation area to be $$410,000 to $450,000. The City's policy is that homeowners may request utility service extensions to their neighborhoods. The cost of these services is projected to be paid in accordance with established City policies where the property owners pay the cost of these capital improvements. Provision of Municipal Services Non-Capital services which are not covered under the joinder agreement with Clay Township Annexation Fiscal Plan164Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN 5 will be provided within one year of the effective date of the annexation action. Within the context of the City of Carmel and its joinder service provisions, the non-capital services would include road maintenance by the Street Department and police protection by the Carmel Police Department. Non-capital service costs will be paid through the annual revenues of the City, including property tax revenues and other municipal revenues, as appropriate. Capital services which are not covered by the joinder service agreements will be provided within 3 years of the effective date of the armexation. At this time, sewer and water capital services are not provided to the parcels within the annexatioo area. If capital services are later identified as necessary and appropriate under the municipal service policies of the municipality, such capital services will be covered through the issuance of some form of municipal debt with costs to repaid by property owners in the annexation area, as specified in the City's annexation policies Other Considerations Land Use The annexation area is currently dominated by low to medium-density residential development. Population Density Due to the fact that annexation area is a small, residential subdivision and having larger parcels, the population density cannot be precisely determined with available data. Needed & Can Be Used The annexation area is needed by the municipality for its development at the present time and in the reasonably near future. The municipality already provides many municipal services to the annexation area, as well as reviewing/approving development proposals for land within the area. Annexing Territory 100% Contiguous with the City The City of Carmel previously approved annexation policies which specifically addressed areas of 100% contiguity with the City, as follows: "As Carmel has developed, there have been areas left outside of its corporate limits which are approaching 100% contiguity (i.e. completely surrounded by the city). A recent map of the incorporated city shows several such areas east of Spring Mill Road. It is, therefore, the policy of the city that such areas be considered for annexation at the earliest practical time, with appropriate consideration of the cost of services to each specific area." This annexation is specifically undertaken due to this policy. Annexation of Indebtedness In any annexation action, the City of Carmel will comply with all statutory requirements regarding the absorption of debt incurred by the unincorporated township for the purpose of providing municipal services to the annexation territory. Annexation Fiscal Plan/64Parcels in Briarwood, McCallister & Woodbrook Downs Carmel, IN 6