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EXHIBIT <br /> G <br /> Commercial and Industrial Areas <br /> The commercial area is located on 1-35 and Highway 50. The industrial properties are in the Air Lake Industrial <br /> .?ark located southeast of the City. Both areas are near full development and in somewhat stable financial <br /> situations. <br /> Zoning: B-4 and I-2 <br /> School District: Lakeville <br /> Industrial Market Value/Acre: 5178,010 <br /> Commercial Market Value/Acre: S330,233 <br /> ANALYSIS: <br /> Commercial and industrial development provides solid positive net fiscal impacts. Standard street and fire service is <br /> provided to this area. Police services are very minimal. This particular commercial area represents current <br /> suburban development. The commercial area includes Mills Fleet Farm, which is a tax increment financed project. <br /> Industrial properties mainly contain light industry. <br /> INDUSTRIAL COMMERCIAL <br /> Annual Operating City School City School <br /> • Figures District District <br /> Expenditures $120,819 NA $88,583 NA <br /> Revenues 188, 926 547, 972 136,258 395,209 <br /> Net Impact 68,108 547, 972 47, 675 395,209 <br /> Overall Net 616,080 442, 884 <br /> Per Acre Impact 626 5,037 1, 109 9, 191 <br /> Overall Net per Acre 5, 663 10,300 <br /> FINDINGS: <br /> Commercial and industrial developments are primary sources of revenue for the City and school districts. Excess <br /> revenues from commercial and industrial developments balance the costs of lower value residential developments. <br /> Residents provide labor and customers. The City should promote a proper mix of commercial/industrial with <br /> affordable residential development. <br /> • <br /> 28 <br />