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<br />certified appraiser; city then <br />could choose to accept that <br />value, or get its own appraisal. <br />Likely number of There are about 25 owner-There are about 2,000 building <br />actions/permits affected each initiated actions per year. permits issued annually. <br />year <br />Potential annual revenue Estimated to be about $100,000 Uncertain. Requires further <br />per 5% tax increment assuming analysis. <br />25 actions per year. <br />Administrative requirements Nominal, unless individual Between 1 to 4 FTE, at a cost of <br />appraisals are required. $100,000 to $400,000 annually <br />depending on demands of <br />program. <br /> <br /> L:\CMO\2006 Council Agendas\M060522\S060522C.doc <br /> <br />