Quote:
Originally Posted by baddog
Congrats. A question though.
I understand the benefits to you if annexed, but what is the benefit to the city? It sounds like more expense with little potential for return. Can your city afford additional expenses or are there so many hippies there that they don't think about that stuff?
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If I do nothing with the land and just let it sit as it is there is not a whole lot of benefit for the city. They will collect a little bit of tax revenue from it, but not much. However, if the land eventually ends up being developed then it could bring in decent chunk of extra tax revenue for them. Also if the city grows in size (population wise) it becomes eligible for more federal investment.
In the end they would charge for installing the water, sewer etc to any homes/buildings put on the land so the developer would pay for construction cost and they would get more customers which could be additional revenue as well.
Right now the land is zoned a single residential. If I can't get it zoned multi-residential there is always the option of commercial. If that were to happen and they could attract some businesses it could add jobs.
So in theory there are some good things in it for the city, but any of those are a long ways away.