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S ` � <br /> r ' • _�- . <br /> 5. The Finance Department reports a taxabl� assessed <br /> valuation of $19 ,600. 00 GIt11C�1 could result in <br /> ' ! $98. 80 of additional annua]. revenue. These figures <br /> could be e:�pected to increase substantially unon <br /> dev�lopr�e�nt oi the tract; additional revenue from <br />' motor fuel and state income ta::es would become <br />� available from c�evelopnent of the tract. <br /> 6. As reported by the Corporation Counsel, the peti�ion <br />� is in proper legal forrl and reac�� for hearing. <br /> The City has experienced considerable growt�z in tne "i�Iound Roaci" <br /> vicinity during the past five years. Approval oi this petl�ion �•.ould <br /> produce a logical e:�t�nsion of the corporatc limits in this area of <br /> urba� gro�atl�:; mor�over, the proposed land use is compati�le �-�ith com- <br /> prehensive p�an�inr for tYie area. Special P.eport �Iuriber Pour (Zoning <br /> Study and S?�:etci� Plan for the �:�founc� Road Area) , prepared ay tize Depart- <br /> ment of Conununity Devzlopr:7.ent staff and accepted by the Plan Corimission, <br /> suggests that the s'ubj�ct tract be consic?erea for nedium high densit� <br /> resic?entia.l d�velorment. Approval of anne�ation vroulcl insure such <br /> development to �e in accorclance c�rit:z applicable City codes and regula- <br /> tions, t:ierek,y en:iancing the developm�nt of t:ie "i�iound Road Area" . <br /> Based upon the above comrr;ents ancl reports fro::1 various City <br /> Depart�r��nts, the Department of Cor.ir:?unity Develo�ment recon�.�ends apnroval <br /> of t�e annexation. <br /> ��s/c� <br /> , <br />