PENDLETON -- Pendleton Town Council on Thursday approved a fiscal plan showing the expected costs and new revenue for its proposed annexation of 573 acres west of the town's current borders.
If the annexation is approved by the council, the town will be taking in an assessed net property value of $1.7 million.
The move would not come without costs, though, the biggest of which would be taking utility rights over from Duke Electric. Moving the new Pendleton residents over to the Pendleton municipal electric utility would cost the town about $150,000.
"After the annexation, we'll have 60 days to take the utilities over, or we lose them for good," council President Robert Jones said. "Then we wouldn't have the rights to any future development that may come down the road."
Though town officials don't anticipate paying for any new police or EMS workers to cover the new territory, there would be some other added expenses. An addition $3,500 per year is expected for added patrol costs for Pendleton police to protect the extra 24 parcels of land.
The added roads in the annexation area would be expected to cost the town an additional $10,176 per year for maintenance and repairs. The town would also be required to provide trash service to the new residents no later than one year after acquiring the new land.
On Thursday, council unanimously approved the resolution to accept the fiscal plan.
Jones said he was glad the plan was finally moving forward and said he thought the numbers looked favorable for Pendleton.
"I think, cost wise, it's coming in on a good line, it's not going to be an excessive expense," Jones said. "And we'll have a public meeting Aug. 26 for anyone that wants to come and ask questions."