2024-06-12 CC Packet - Laserfiche WebLink

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()- TAX INCREMENT FINANCING REDEVELOPMENT DISTRICT NO. 18 7 COST ANALYSIS Mr. Palzer and Mr. Schmitz used cost information for various types of improvements and for the cost of various sizes of new homes gathered from building permit information on projects throughout the city. COVERAGE ANALYSIS The analysis of the district’s coverage was completed by Mr. Statz, relying on the Preliminary Plat for LaLonde First Addition as prepared by Christopher D. Heyer, RLS and aerial photograph’s from the County’s Geographic Information System and a supplemental set aerial photographs administered by Anoka County utilizing the NearMap software. All aerial photographs were taken in April of 2023. Both the County’s GIS system and NearMap have measuring tools embedded in the software. Mr. Statz drew polygons around the various structures and improved surfaces. The software provided areas for each shape drawn. Inspection Report An onsite investigation of the area was conducted by Mr. Statz on 4/25/24 to ensure no major work had been done on any of the sites since the time of the aerial photographs were captured. This examination was completed by viewing the sites from adjacent rights-of-way. No recent work was noted. Findings Detailed results of parcel coverage and building condition assessments are provided in the appendices. Summaries are provided below. COVERAGE TEST Test 1 – Is the parcel occupied? First we must ascertain whether each individual parcel meets the definition of “Occupied”. This standard states that that 15% of the parcel must be covered by buildings, streets, utilities, paved or gravel parking lots, or other similar structures. For each parcel, structures, as defined above were measured and each structure tabulated and totaled for the parcel. Then, that total was divided into the total parcel area, to arrive at a percentage of coverage. If the coverage was more than 15%, the parcel is then deemed “occupied”. DRAFT AS OF JUNE 5, 2024 25