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� � � <br /> • ` � � /� • <br /> 4 <br /> 5. The Finance Department reports a taxable assessed <br /> valuation of $19 ,600. 00 �rhicli could result in <br /> � $98.80 of additional annual revenue. These figures <br /> could be e�pected to increase substantially ut�on <br /> developnent of the tract; additional rev�nue fror� <br /> motor fuel and state incorme taxes would become <br /> available froni clevelopnent of the tract. <br /> 6. As re�orteci by the Corgoratior� Counsel, t'r.e petition <br /> is in proper lega� forn and reacl� for hearing. <br /> The Citl has experienced consiclerable growt.z in t��e "��louncl Roaci" <br /> vicinity duriny tlie past five years. Approval oi this peti�ion ��:ould <br /> produce .a logical eYt�nsion o� the corporat� limits in this area ot <br /> urban gro��;th; morzover, the pro�osed lanc� use is compatible with com- <br /> prehensi.ve pla�7ninr for the area. Special P.eport i;un�.ber F'our (Zoning <br /> Study and S}:etch Plan for the i:�Tound Road Area) , prenared by tize �e�art- <br /> ment of Community Dev�loprlent staff and accepted by the Plan Coz7mission, <br /> suggests that the s'ubject tract be considerea for_ n�diur.z high density <br /> reside;�tia.l d�velopr.lent. Approval of annexation V�ould insure such <br /> development to be in accordance with a�plicable City codes and regula- <br /> tions, t.zereby enhancing the development of the "i�iound Roa� Area" . <br /> Based upon the a�ove con�.�r,ents and reports frc:l various City <br /> Departments, the Department of Cor�munity Development recommends apnroval <br /> of t�e annexation. <br /> ��/c� <br /> 9 <br />