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PUBLIC CONCERN BACKGROUND INFORMATION ESTIMATED ESTIMATED <br /> AND CORRECTIVE ACTION TO BE TAKEN FUTURE TIME <br /> CITY COST FItAME <br /> J�. "1'he property was not BACKGROiJND INFORMA'TION: The original Special Use Perinit specified th�t thC � <br /> returned to crop production site was to be returned to crop production in 1998. Currently, SO acres(located outside <br /> as specified in the Macon of the perimeter berni)of the 528 total acres in the site are beinb farn�ed.The area � '' <br /> County Special Use Permit. within the perimeter berm has not been returned to crop production. <br /> CORRECTNE ACTION TO B�TAKEN: As a part of the Basin 6 dredging project, a No additional 2007-2010 <br /> Reclamation Plan has been prepared for the storage site.The plan is to be used as a cost—included <br /> guide in managing the site after the completion of dredging operations and in site <br /> recommends that a significant portion of the site to be returned to agricultural use as reclamation <br /> soon as soil conditions permit. �. construction <br /> costs <br /> F <br /> G. `I'he rcmoval uf the 13ACKGROUNU INFORMATION: The City purchased 528 acres of property 1'ur the <br /> pro��erly required for tl�e oribinal storabe site. Since the City is not required to pay property taxes, the various <br /> oribinal storage site from the taxing districts involved lost the tax revenue that had previously been generated fi-om <br /> property tax rolls has. this property. I'or the year 2000, the tax assessment for the 528 acres would have been <br /> resulted in a loss of tax approximately$12,500.Taxes are currently being paid only on the 50 acres that are <br /> revenue for several taxing being farmed,totaling approximately$1,700 per year. <br /> districts. <br /> CORR�CTIVE ACTION TO IIE TAK�N:The City will annually compensate the $12,500 2U01-201U <br /> various taxing districts for the difference between the property taxes that would have annually <br /> Ueen due for the entire 528-acre parcel (if used for crop production)and the actual <br /> amount of property taxes paid that year. The compensation will be calculated eacl� <br /> year by the Macon County Supervisor of Assessments' office and shall be due �nd <br /> payable on the same dates as regular property taxes in Macon County, ~ <br /> The City also agrees to compensate the various taxing districts for the calculated $32 400 3001 <br /> difference in property taxes retroactive to and including the year of 1998. lump sum <br /> � <br /> ►-�-3 . <br /> �-] � - <br /> � � <br /> � � <br /> � . . � � <br /> b � � <br /> � <br />� �� � , <br /> Ay <br /> 0 <br /> � � <br /> � _ . <br />