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Development Impact Fees. Canton, Georgia. What’s Happening?. Canton’s Population to 2015. Future Land Use. Future Land Use. By 2015, Canton Will Add . . . 33,852 more people to its population In 12,642 new homes on 2,489 acres With a present population of 9,711 in 3,627 homes

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Presentation Transcript
future land use1
Future Land Use
  • By 2015, Canton Will Add . . .
    • 33,852 more people to its population
    • In 12,642 new homes on 2,489 acres
    • With a present population of 9,711

in

    • 3,627 homes
    • More than tripling present population
future land use2
Future Land Use
  • By 2015, Canton Will Add . . .
    • 630 acres of commercial development

as contrasted with

    • 560 acres today
    • More than doubling
future land use3
Future Land Use
  • By 2015, Canton Will Add . . .
    • 1,212 acres of office park development
    • Versus 83 acres at present
    • a 15 fold increase
this growth will
This Growth Will . . .
  • Add to the tax base
    • Going from $300 million

to

    • Over $3 billion
this growth will also
This growth will also . . .
  • Cost the people of Canton a great deal of money
growth in canton will need
Growth in Canton will need . . .
  • Additional Police Protection

Improvement

2002

2003

2004

2005

Total

Training Facility

$200,000

$200,000

New Precinct

$30,000

$1,000,000

$1,030,000

911Communication

$375,000

$187,500

$187,500

Comm. Towers

$10,000

$20,000

$10,000

$197,500

$1,000,000

Totals

$227,500

$200,000

$1,625,000

1 625 000 total police cost
$1,625,000 total police cost
  • $927,605 assignable to new residences
    • $73.37 per residence
    • ¢4.7 per square foot of residential floor area
  • $697,395 assignable to new businesses
    • ¢4.3 per square foot of business floor area
slide14

Etowah River Greenway

Master Plan

Canton, Georgia

slide18

Community Center

$10,000,000

Etowah River Greenway

Land Acquisition

$750,000

Phase I

$6,690,432

Phase II

$2,281,182

Phase III

$4,643,002

Phase IV

$2,437,441

Phase V

$5,192,863

Other Etowah

$5,530,678

Brown Park

$100,000

Crisler Park

$250,000

Boling Park

$450,000

38 325 598 in total cost
$38,325,598 in Total Cost . . .
  • $7,881,998 is an existing deficiency chargeable to existing development
  • $30,443,600 is to accommodate growth and is chargeable to new development
anticipated bond issue to fund improvement program
Anticipated Bond Issue to Fund Improvement Program
  • $40 Million Bond Issue
    • 29% paid by existing residents
    • 71% paid by new residents
  • Average Tax Rate for Debt Service
    • $1.28 per $1,000 of Taxable Value
30 443 600 in growth cost
$30,443,600 in Growth Cost
  • 86% chargeable to new residences
    • $829.42 per Residence
    • ¢57.2 per square foot of residential floor area
  • 14% chargeable to new businesses
    • ¢17.3 per square foot of business floor area