Objectives
- City Council vote NO to R1 (1/3 acre lots) for development south of 300 South
- City Council focus on revenue from sales tax instead of impact fees
- Approve only R3 (2 acre lots) for development south of 300 South
Numbers
Sewer
| $35,000,000 |
Cost |
| $20,000,000 |
Grants |
| $15,000,000 |
Loans |
| $90 |
per month per household |
| $1080 |
per year per household |
| $783,000 |
per year for 725 households |
| -$305,011 |
projected annual payment to Hyrum |
| -$326,188 |
projected annual loan payment |
| -285,652 |
5 year payment - capacity buy into Hyrum City Plant |
Retail Sales Tax
According to usmayors.org, residences cost $1.50 for every $1.00 collected from residents. Residents to not
generate revenue. The way to build a
city is sales tax. Millville needs more sales tax revenue. Here's how.
| $430,000 |
Current sales tax revenue
(mostly from state sales tax and Amazon.com) |
| 25,278 |
cars per day pass Hwy 89 and 450 North
(by Ridgeline High School) |
| 758 |
cars stop and shop per day (3% of passing cars) |
| $75,800 |
sales per day ($100 per stop) |
| $28,000,000 |
sales per year (365.25 days) |
| $1,680,000 |
sales tax revenue per year (6% sales tax rate) |
Impact Fees
| $22,000 |
per home |
| $1,716,000 |
per 78 homes (once) |
Approximate Water Usage on R1
| 242 gallons |
per person per day
(from Utah Division of Water Resources) |
| 88,000 gallons |
per person per year (365.25 days) |
| 380,000 gallons |
per household per year (4.3 people) |
| 30,000,000 gallons |
per development per year (78 homes) |
| 19,000,000 gallons |
available with 11 shares from Garr springs |
| -11,000,000 gallons |
deficit |
Questions
- Did you know that businesses pay property tax on 100% of their tax value (residents only pay on 50%)
- Did you know the following populations are driving past the Millville commerce center daily?
| 8,893 |
Nibley |
| 9,922 |
Providence |
| 11,792 |
Hyrum |
| 806 |
Paradise |
| 2,545 |
Millville |
-
Would you or someone you know like an R3 (2-acre) lot in the south fields?