2008 Community Report

2008 COMMUNITY REPORT 2008 Community Report www.cityofnorthlasvegas.com CITY OF NORTH LAS VEGAS City of North Las Vegas City Priorities Achieving North Las Vegas Vision 2025 Well-Planned Quality Growth Pivotal Development and Redevelopment Economic Development Community Services and Cultural Amenities Safe and Livable Community Community Spirit, Relationships and Pride Responsible Fiscal Management Quality Municipal Services Table of Contents Introduction. 2-3 Active Licenses and New Business License. 17 City Priorities. 2 Commercial and Industrial Properties . 18 Your Community of Choice . 3 Relocation and Expansion Projects. 19 Our Community . 4-5 Hotel/Motel Room Inventory . 19 Mayor & Council. 4 Building Our Future. 20-21 City Management . 5 Building Permits. 20 Assesed Value . 6-7 Master Planned Communities. 20 Five-Year Comparison . 7 Current Land Use. 21 Property Tax . 8-9 Future Land Use. 21 Population . 10-13 Fiscal Strength. 22-23 Historical Census Count . 10 General Fund . 22 Growth Trend. 11 All Funds. 23 Projections. 12 Our Future Growth. 24-30 10 Fastest Growing Large Cities . 13 Redevelopment Agency . 24 Race. 13 Community Improvement Projects. 25 Zip Code Profiles . 14-15 Economic Development Projects . 28 Economics . 16-19 Visioning 2025 . 30 Major Employers. 16 Contact Information . 31 2 2008 Community Report Introduction Your Community of Choice The City of North Las Vegas stretches across the northern rim of the Las Vegas Valley. The City, which was incorporated in 1946, encompasses 82.2 square-miles within Clark County in Southern Nevada. North Las Vegas is the fastest growing large city in America. Since 2000, North Las Vegas’ population has grown by 86.2 percent, making it home to about 215,026 residents through December 2007. Roughly, 1,200 new residents move to North Las Vegas each month. North Las Vegas is the fourth-largest city in Nevada. The City estimates that by the time it reaches build out in 2035, its population will be 586,548. The City embraces its diversity, living up to its motto of being “Your Community of Choice.” 3 City of North Las Vegas Michael L. Montandonon William E. Robinson Stephanie S. Smith Shari Buck Robert L. Eliason Warren VanLandschoot Sean Hoeffgen Mayor Mayor Pro Tempore/Councilman - Wardd 2 Councilwoman - Ward 3 Councilwoman - Ward 4 Councilman - Ward 1 Municipal Judge Municipal Judge Electorate North Las Vegas Library Municipal Court Redevelopment City Council Board of Trustees Agency Judge Municipal Court City Attorney City Manager Director of North Las Vegas Assistant to City Auditor Library Communications The City Manager Human City Clerk Police Fire Assistant City Manager Assistant City Manager Finance Operations Development Resources Parks & Recreation Public Works CITY OF NORTH LAS VEGAS (Organizational Chart) General Services Utilities Information Technology Planning & Zoning Economic Housing & Neighborhood Development Services (Manager) State Legislative Emergency Management Affairs Officer Coordinator Gregory E. Rose City Manager Mayor & Council Ward 4 The City of North Las Vegas is a full-service municipality, providing Ward 1 recreational amenities, police and fire protection, and water service. It operates under a Council-Manager form of government, with a Mayor and Ward 3 four Councilmembers. The Mayor is elected at large; the Councilmembers must live within, and are elected by, their ward. In addition to the Mayor and Ward 2 Council, the City has two Municipal Judges who are elected at large. LAS VEGAS VALLEY NORTH LAS VEGAS (Boundaries and Wards) 4 2008 Community Report Our Community City Management The City Manager and City Attorney are appointed by, and report to, the City Council. The City Manager’s administration consists of an Assistant City Manager of Operations, an Assistant City Manager of Development, a Director of Communications, an Assistant to the City Manager, a City Auditor, a State Legislative Affairs Officer, an Emergency Management Coordinator, a Housing & Neighborhood Services Manager, and 15 departments: Police, Fire, Parks & Recreation, General Services, Information Technology, City Clerk, Economic Development, Public Works, Utilities, Planning & Zoning, Human Resources, Finance, City Attorney, Municipal Court and Library District. The City employs 2,156 full-time equivalent employees. 5 City of North Las Vegas Assessed Value North Las Vegas’ assessed value has increased by 646.4% since 1997. The per capita assessed valuation also dramatically increased during this time. In 1997, the per capita assessed valuation was $13,556. In 2007, the per capita assessed valuation was $41,674, a 207% increase over that of 1997. Year Value ($) % Increase 9.0 1997 1,200,496,796 7.6% 8.0 1998 1,470,018,621 22.5% 1999 1,690,419,042 15.0% 7.0 2000 1,921,330,055 13.7% 6.0 2001 2,054,529,700 6.9% 5.0 2002 2,377,556,608 15.7% 2003 2,734,445,463 15.0% 4.0 2004 3,318,379,189 21.4% 3.0 2005 4,749,825,535 43.1% 2006 6,912,113,869 45.5% 2.0 2007 8,961,029,085 29.6% 1.0 Source: Nevada Department of Taxation 0 6 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 2008 Community Report Assessed Value Five-Year Comparison of Assessed Valuation North Las Vegas has the highest five-year assessed valuation growth rate, 227.7%, of any city in Clark County. This table shows the annual and five-year assessed valuation growth rates of all cities in Clark County expressed in dollars and percentages. FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 250% North Las Vegas 2,734,445,463 3,318,379,185 4,749,825,535 6,912,113,869 8,961,029,085 Annual Growth Rate Annual % Growth 21.4% 43.1% 45.5% 29.6% Five-Year Growth Rate 5-Year % Growth 227.7% 200% Mesquite 333,497,506 357,603,051 419,313,111 572,522,953 820,135,858 Annual % Growth 7.2% 17.3% 36.5% 43.2% 5-Year % Growth 145.9% 150% Henderson 6,803,230,110 7,567,061,928 9,934,624,235 13,818,632,454 15,913,241,892 Annual % Growth 11.2% 31.3% 39.1% 15.2% 100% 5-Year % Growth 133.9% Las Vegas 11,479,811,435 12,717,378,524 16,477,557,041 22,028,939,538 24,649,348,111 Annual % Growth 10.8% 29.6% 33.7% 11.9% 50% 5-Year % Growth 114.7% Boulder City 466,198,152 491,676,846 563,511,360 679,606,383 752,160,390 Annual % Growth 5.5% 14.6% 20.6% 10.7% 0% 5-Year % Growth 61.3% North Mesquite Henderson Las Vegas Boulder City Las Vegas 7 Source: Nevada Department of Taxation City of North Las Vegas Property Tax Total Tax Rate FY 2006-07 FY 2007-08 One of the City’s primary sources of revenue is property tax. The Clark City of North Las Vegas 1.1687 1.1637 County Assessor’s Office is responsible for discovery, listing and valuation North Las Vegas Library District 0.0632 0.0632 of all property, real and personal, subject to taxation within Clark County, Clark County 0.6566 0.6567 including property within the City’s jurisdiction. Clark County School District 1.3034 1.3034 Property tax is assessed at 35% of the property’s current taxable State of Nevada 0.1700 0.1700 value. That value is derived from the appraised value of the land, plus the Combined Special Districts 0.0132 0.0131 current replacement cost of any improvements, less statutory depreciation. Tax Rate/$100 Assessed Valuation 3.3751 3.3701 The total tax rate then is levied, per one hundred dollars, against the assessed value of a property. Nevada law provides a cap on property taxes, Example of tax bill calculation for FY 2007-08: not assessed values. Property tax increases are capped at 3% or 8% of the Overlapping City Only prior year’s tax bill for most properties. Common exceptions include new Taxable Value of Property $200,000 $200,000 construction, zoning changes and new parcels. Assessment Ratio 35% 35% The City of North Las Vegas controls only a portion of the total tax bill Assessed Valuation $70,000 $70,000 from the Clark County Treasurer. Other taxing jurisdictions also levy taxes Tax Rate/$100 Assessed Valuation 3.3701 1.1637 on residents of North Las Vegas. The tables to the right show the total tax bill breakdown by jurisdiction and provides and example of how the bill is Source: City of North Las Vegas Finance Department 8 calculated. 2008 Community Report Property Tax Total Tax Rate North Las Vegas Tax Rate Of the total tax bill, North Las Vegas receives 34.5%, as shown in the North Las Vegas’ tax rate is explained in the following table. The City following chart. in 2007-08 decreased its debt service rate from the previous year. Clark County School District 38.7% FY 2006-07 FY 2007-08 % Change City of North Las Vegas 34.5% General Fund Operating Rate 0.3737 0.3737 0% Clark County 19.5% Voter-Approved Tax Overrides 0.7650 0.7650 0% Debt Service Rate 0.0300 0.0250 -16.7% State of Nevada 5.0% Tax Rate/$100 Assessed Valuation 1.1687 1.1637 -0.4% Other Special Districts 2.3% Source: City of North Las Vegas Finance Department 9 City of North Las Vegas Historical Census Count Year Population Population Increase % Increase 120,000 1950* 3,875 --- --- 1960* 18,422 14,547 375.4% 100,000 1970* 36,216 17,794 96.6% 1980** 42,739 6,523 18.0% 80,000 1990** (April 1) 47,707 4,968 11.6% 1990** (July 1) 52,387 9,648 20.2% 60,000 2000** 115,488 63,101 120.5% Sources: *Nevada State Library and Archives/Nevada State Data Center 40,000 ** U.S.

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