Board Of Aldermen - Agenda - 4/12/2022 - P469

B) Miscellaneous Yearly Revenues

Another major revenue source for the community is from motor vehicle
registration fees, which generated in $10,975,000 in FY2021. Table Four
outlines the projected revenue stream for the proposed project.

Table Four
Motor Vehicle Permit Fees
$2942 x 20 vehicles? = $5,880

C) Total Project Revenues

The proposed development is expected to generate $49,920 in new property
taxes and vehicle registration fees as summarized in Table Five.

Table Five
Projected Gross Revenue
Est. Prop. Taxes $44,040
Est. Car Reg. $5,880

Total Estimated Revenue $49,920

? Clerks office, Average registration cost for higher end apt.
3 1 vehicle per unit.

6