Reuse and the Benefit to Community PMC Groundwater Superfund Site Technical Appendix Beneficial Effects: Employment Information for On-site Jobs The Hoovers/Dun & Bradstreet (D&B) database provided information on the number of employees and sales volume for on-site businesses. D&B provides information on businesses and corporations. It maintains a database of over 179 million companies globally and over 53 million professional contact names using a variety of sources, including public records, trade references, telecommunication providers, newspapers and publications, and telephone interviews. The Data Universal Numbering System (DUNS) number is a unique nine-digit identification number assigned by D&B to each business and its location within the D&B database for identifying each business. Beneficial Effects: Wage and Income Information for On-site Jobs The U.S. Bureau of Labor Statistics (BLS) provided wage and income information. The BLS is a governmental statistical agency that collects, processes, analyzes and disseminates essential statistical data to the American public, the U.S. Congress, and other federal agencies in the broad field of labor economics and statistics. The data provided by the BLS has high standards of accuracy and consistently high statistical quality, and impartiality in both subject matter and presentation. The BLS Quarterly Census of Employment and Wages database provided average weekly wage data for each of the businesses located at the PMC Groundwater Superfund site. Average weekly wage data were identified by matching the North American Industry Classification System (NAICS) codes corresponding with each type of business with weekly wage data for corresponding businesses in Emmet County. If not available at the county level, wage data were sought by state or national level, respectively. In cases where wage data were not available for the six-digit NAICS code, higher level (less detailed) NAICS codes were used to obtain the wage data. To determine the annual wages (mean annual) earned from jobs generated by each of the businesses located at the PMC Groundwater Superfund site, the average weekly wage figure was multiplied by the number of weeks in a year (52) and by the number of jobs (employees) for each of the businesses. For more information on reuse at Superfund sites, please visit: http://www.epa.gov/superfund/programs/recvcle/. October 2014 ------- Table 1: PMC Groundwater Superfund Site Businesses: NAICS Code and Title, Employees, Average Weekly Wage, Annual Wages, Total Annual Wage per Employee and Annual Sales On-site Business NAICS Code3 NAICS Title Number of Employees'5 Average Weekly Wage (2012)° Annual Wage (Mean Annual) per Employee Total Annual Wages'1 Annual Sales (2012)b Crinnion Agency 524210 Insurance Agencies and Brokerages 2 $1,062.00 $55,224.00 $110,448.00 $140,000.00 Fraternal Order of Eagles Inc. 813410 Civic and Social Organizations 6 $511.00 $26,572.00 $159,432.00 Total 8 $269,880.00 $140,000.00 a NAICS code provided in D&B unless otherwise noted. b Data are from D&B. For employee data, if D&B indicated a range, the lowest number is used. c Average weekly wage per employee is based upon BLS 2012 Average Weekly Wage data. dTotal annual wage figures were derived by multiplying "Number of Employees" by "Annual Wage (Mean Annual) per Employee." 2 ------- Beneficial Effects: Property Values and Local Tax Revenue Generated from Property Taxes Property records are made available by the City of Petoskey at http://gis.emmetcountv.org/apps/taxparcelviewer/ and https://is.bsasoftware.com/bsa.is/AssessingServices/ServiceAssessingSearch.aspx?i=l&appid=0&unit=717. Property tax values are estimated based on property type information found in the property record, 2013 millage rates for Petoskey City obtained from http://www.michigan.gov/documents/taxes/2013 Total Rates 450527 7.pdf. Table 2. 2013 Property Values for the PMC Groundwater Superfund site Parcel Address Assessed Value Taxable Value Estimated Tax (2013)a (2013) (2013) Notes 52-19-06-127-005 202 INGALLS AV $151,000.00 $92,412.00 $3,204.79 52-19-06-127-006 201 INGALLS AV $74,500.00 $62,464.00 $2,166.21 52-19-06-127-007 325 WATER ST $72,300.00 $61,644.00 $2,137.78 52-19-06-127-008 317 WATER ST $16,500.00 $7,948.00 $323.32 Fraternal Order of Eagles 52-19-06-127-009 313 WATER ST $153,300.00 $87,747.00 $3,569.50 Fraternal Order of Eagles 52-19-06-127-012 203 INGALLS AV $50,700.00 $41,369.00 $1,434.65 52-19-06-127-013 326 W LAKE ST $40,200.00 $29,842.00 $1,034.90 52-19-06-127-014 322 W LAKE ST $79,500.00 $40,140.00 $1,392.03 52-19-06-127-015 318 W LAKE ST $32,600.00 $15,124.00 $524.49 52-19-06-127-016 316 W LAKE ST $32,600.00 $16,059.00 $556.92 52-19-06-127-017 310 W LAKE ST $40,800.00 $34,406.00 $1,193.18 52-19-06-127-018 313 WATER ST $13,500.00 $11,125.00 $385.81 52-19-06-127-019 406 W LAKE ST $64,800.00 $52,428.00 $1,818.17 52-19-06-127-020 314 W LAKE ST $48,700.00 $40,038.00 $1,388.49 52-19-06-127-021 332 W LAKE ST $41,700.00 $19,877.00 $689.32 52-19-06-201-003 101 E LAKE ST $0.00 $0.00 $0.00 City of Petoskey 52-19-06-201-004 250 WATER ST $0.00 $0.00 $0.00 Sunset Shores 52-19-06-201-101 250 WATER ST #1 $189,100.00 $176,537.00 $6,122.20 Sunset Shores 52-19-06-201-102 250 WATER ST #2 $189,100.00 $158,209.00 $5,486.59 Sunset Shores 52-19-06-201-103 250 WATER ST #3 $189,100.00 $176,537.00 $6,122.20 Sunset Shores 52-19-06-201-104 250 WATER ST #4 $153,800.00 $123,225.00 $4,273.37 Sunset Shores 52-19-06-201-105 250 WATER ST #5 $142,700.00 $134,656.00 $4,669.79 Sunset Shores 52-19-06-201-106 250 WATER ST #6 $153,800.00 $121,245.00 $4,204.70 Sunset Shores 3 ------- Parcel Address Assessed Value Taxable Value Estimated Tax (2013)a (2013) (2013) Notes 52-19-06-201-107 250 WATER ST #7 $153,800.00 $123,225.00 $4,273.37 Sunset Shores 52-19-06-201-108 250 WATER ST #8 $153,800.00 $127,080.00 $4,407.06 Sunset Shores 52-19-06-201-109 250 WATER ST #9 $153,800.00 $127,080.00 $4,407.06 Sunset Shores 52-19-06-201-110 250 WATER ST #10 $176,700.00 $176,700.00 $6,127.85 Sunset Shores 52-19-06-201-111 250 WATER ST #11 $193,000.00 $193,000.00 $6,693.12 Sunset Shores 52-19-06-201-112 250 WATER ST #12 $176,700.00 $176,700.00 $6,127.85 Sunset Shores 52-19-06-201-113 250 WATER ST #13 $176,700.00 $165,273.00 $5,731.57 Sunset Shores 52-19-06-201-114 250 WATER ST #14 $176,700.00 $159,205.00 $5,521.13 Sunset Shores 52-19-06-201-115 250 WATER ST #15 $176,700.00 $142,093.00 $4,927.70 Sunset Shores 52-19-06-201-116 250 WATER ST #16 $153,800.00 $144,588.00 $5,014.23 Sunset Shores 52-19-06-201-117 250 WATER ST #17 $153,800.00 $153,800.00 $5,333.69 Sunset Shores 52-19-06-201-118 250 WATER ST #18 $153,800.00 $144,588.00 $5,014.23 Sunset Shores 52-19-06-201-119 250 WATER ST #19 $188,800.00 $188,800.00 $6,547.47 Sunset Shores 52-19-06-201-120 250 WATER ST #20 $188,800.00 $176,128.00 $6,108.01 Sunset Shores 52-19-06-201-121 250 WATER ST #21 $188,800.00 $176,128.00 $6,108.01 Sunset Shores 52-19-06-206-101 200 W LAKE ST #1 $156,600.00 $156,600.00 $5,430.79 Water St. Condos 52-19-06-206-102 200 W LAKE ST #2 $160,100.00 $160,100.00 $5,552.17 Water St. Condos 52-19-06-206-103 200 W LAKE ST #3 $156,600.00 $156,600.00 $5,430.79 Water St. Condos 52-19-06-206-104 200 W LAKE ST #4 $156,600.00 $153,600.00 $5,326.76 Water St. Condos 52-19-06-206-105 200 W LAKE ST #5 $156,600.00 $156,600.00 $5,430.79 Water St. Condos 52-19-06-206-106 200 W LAKE ST #6 $156,600.00 $156,600.00 $5,430.79 Water St. Condos 52-19-06-206-107 200 W LAKE ST #7 $83,900.00 $83,900.00 $2,909.60 Water St. Condos 52-19-06-206-108 200 W LAKE ST #8 $83,900.00 $64,409.00 $2,233.67 Water St. Condos 52-19-06-206-109 200 W LAKE ST #9 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-110 200 W LAKE ST #10 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-111 200 W LAKE ST #11 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-112 200 W LAKE ST #12 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-113 200 W LAKE ST #13 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-114 200 W LAKE ST #14 $11,100.00 $9,728.00 $337.36 Water St. Condos 52-19-06-206-115 200 W LAKE ST #15 $85,600.00 $65,638.00 $2,276.29 Water St. Condos 52-19-06-206-116 200 W LAKE ST #16 $85,600.00 $65,638.00 $2,276.29 Water St. Condos 52-19-06-206-117 200 W LAKE #17 $28,700.00 $28,700.00 $1,167.50 Water St. Condos Total $5,873,400.00 $5,184,173.00 $180,530.38 ------- a The Emmet County assessed value is 50 percent of estimated market value. For more information, see http://www.petoskev.us/departments/finance/assessing. Table 3. Summary of 2013 Property Values by Development1 Total Assessed Average Assessed Total Taxable Total 2013 Tax Total Parcels Sunset Shores $3,583,300.00 $162,877.27 $3,264,797.00 $113,221.20 22 Water Street Condominiums $1,377,400.00 $81,023.53 $1,306,753.00 $45,489.61 17 Single Family Homes $742,900.00 $57,146.15 $516,928.00 $17,926.75 13 Fraternal Order of Eagles $169,800.00 $84,900.00 $95,695.00 $3,892.82 2 City of Petoskey $0.00 $0.00 $0.00 $0.00 1 Grand Total $5,873,400.00 $106,789.09 $5,184,173.00 $180,530.38 55 1 These parcels do not include two parcel records, one each associated with the Sunset Shores and Water Street Condominium developments. These parcels are labeled for administrative purposes only and have $0 value. 5 ------- |