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Planning & Zoning Commission <br />June 21, 2011 <br />Page 2 of 2 <br />Cost Benefit Analysis: <br />Based on the current and projected revenues, value of developed and undeveloped properties <br />as of now is $4,871,581. The City of La Porte's taxes equal $34,586. <br />Future values and taxes, assuming full developed properties, equal $9,423,701 and $66,906 <br />respectively. <br />Assuming lifespan of concrete improvements over 50-years, the annualized cost benefit <br />ratio for concrete at full development is 13,893/66,906 = 0.207 <br />Assuming lifespan of asphalt over 49 years, the annualized cost benefit ratio for asphalt at <br />full development is 21,709/66,906 = 0.324 <br />