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05-13-24-WS
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05-13-24-WS
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COMPARTATIVE ANALYSIS - PROPERTY TYPE <br />Monthly Impact on Manufactured Homeowners (MH) <br />Franchise Fee and/or Property Tax Increase <br />Home <br />Cost per Home <br />Market <br />Franchise Fee C - Property Tax <br />Value <br />A - Electric Only B - Gas & Electric Increase' <br /># of <br />Homes <br />Total <br />Cost <br />$ 5,300 $3.86 $5.00 $1.16 <br />57 $ <br />66.12 <br />$ <br />13,100 <br />$3.86 $5.00 $1.25 <br />54 <br />$ <br />67.50 <br />$ <br />27,000 <br />$3.86 $5.00 $1.40 <br />54 <br />$ <br />75.60 <br />$ <br />37,200 <br />$3.86 $5.00 $1.52 <br />54 <br />$ <br />82.08 <br />$ <br />55,200 <br />$3.86 $5.00 $1.72 <br />54 <br />$ <br />92.88 <br />$ <br />172,800 <br />$3.86 $5.00 $3.93 <br />1 <br />$ <br />3.93 <br />Each monthly scenario would generate $455,000 annually <br />1: Includes an equal share of MH Park Land Property Taxes <br />274 <br />$ <br />388.11 <br />APARTMENT RENTER <br />A $20,000,000 apartment complex would see an increase of: <br />• $465.55 per month on their property tax bill under a bonding scenario, where property taxes are levied to pay back <br />the bond. The property tax levy would impact each rental unit differently, based upon the number of units within <br />an apartment building. <br />The franchise fee would be dependent upon how the property is metered. For example, if an apartment building has a <br />single meter, it would be treated as a commercial property and would be assessed the commercial rate. If each unit has a <br />separate meter, then each resident would be assessed the residential rate. <br />Monthly Impact on Apartment Renters <br />Franchise Fee and/or Property Tax Increase <br />Cost per Complex <br />Cost per Unit <br />Franchise Fee C- Property Tax <br />C- Property Tax <br />Est. Per Unit <br />Est. # of <br />Market Value <br />A - Electric Only B - Gas & Electric Increase <br />Increase <br />Units <br />Property Name <br />$ 537,700 <br />$ 10.24 <br />$ <br />2.56 <br />4 <br />Meatballs Properties (4-Plex) <br />$ 5,687,300 <br />Single Meter= Commercial $ 130.71 <br />$ <br />3.53 <br />37 <br />Edgewater Estates <br />$ 8,820,700 <br />Rate <br />$ 204.02 <br />$ <br />3.40 <br />60 <br />Cottage Villas of Arden Hills <br />$ 20,000,000 <br />Separate Meter= Residential $ 465.55 <br />$ <br />3.19 <br />146 <br />New Perspective Senior Living <br />$ 24,456,800 <br />Rate $ 569.82 <br />$ <br />5.87 <br />97 <br />Round Lake Senior Living <br />$ 39,309,300 <br />$ 917.28 <br />$ <br />2.24 <br />410 <br />Presbyterian Homes AH Inc <br />Each monthly scenario would generate $455,000annually <br />$ <br />3.47 <br />Average Cost Per Unit <br />
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