The Greenwood City Council will be asked to set aside $10,000 in the 2014 budget for costs related to annexation of the Shadow Lake community and other areas. The meeting, originally scheduled for Monday evening has been postponed due to weather. It was rescheduled for Tuesday evening, but a conflict with schedules did not allow a quorum to be present.

Last year, the Greenwood Annexation Committee determined that Shadow Lake and nearby rural areas are "worthy of considering for annexation," according to committee chairman Robert McKinney. The city’s planning panel recently reviewed the proposal.

"The Planning Commission has met, and they have approved sending this on to the council," Planning Director Sonny Bell said. "If the council approves to go forward, they will need to fund the expenses involved with annexation. That’s what the resolution is for."

Included in the annexation costs are certified letters to more than 100 residents in the affected areas.

"We’ll also have to have the ordinance drawn up, then published in the paper — all the legal stuff you have to do," Bell said. "That costs money."

The plan is for a combined vote of Greenwood residents and those who live in the targeted areas during the November general election.

"The City Council will go through three readings, all being public hearings," Bell said. "Then if they pass it, it will go to the November ballot."

Greenwood, with a population of about 9,000, initially took interest in Shadow Lake as part of a larger plan to explore annexation on all sides of the city. The most densely populated area is the Shadow Lake community.

Based on an estimated 120 Shadow Lake properties, Greenwood would receive an additional $24,292 in property taxes annually, according to the annexation committee. It is also estimated that Greenwood would pull in between $69,000 and $82,000 a year in additional state turnback taxes.

After losing $18,000 a year in out-of-town fees now charged for water service at Shadow Lake, the city would net about $79,000 a year, according to the committee. The city currently provides fire protection and backup police service to Shadow Lake, McKinney said.

According to the committee, if annexed, an average Shadow Lake homeowner would pay $199 more a year in property taxes and $166.44 less for water and trash service.

Some residents have opposed annexation. In August, James Simpson, president of the Shadow Lake homeowners’ association, said an anonymous poll taken of 187 Shadow Lake residents showed 80 percent are opposed to annexation.