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5.3 Increase in Property Tax: The proposed town home and condominium development will provide an increase in the property taxes. It is estimated from the United Properties proposal the project will be valued at S 12 to $15 million and generate from $110,000 to $160,000 in new property taxes, about 25% of which comes to the city. 5.4 Residents: The Community Development Department estimates that there will be an estimated 50 to 70 new residents when fully built out. 6.0 PROJECT IMPACTS: 6.1 Traffic generation (Source: Institute of Traffic Engineers — Traffic Generation Manual) is estimated to be from 7 to 11 vehicle trips per housing unit or a total of 252 to 396 trips which will enter or leave this residential development from Fulham Street to Roselawn Avenue during a given 24 hour day. The peak PM hour should range from 14 to 20 vehicle trips. This includes vehicles such as the mail truck and garbage pick -up. Roselawn Avenue with 2,200 ADT (2000) trips per day in this location is not at capacity for an "A" Minor Arterial street and can easily absorb the added trips (a "trip" is defined as one vehicle entering or leaving a lot). It is estimated that Roselawn Avenue will have 3,100 ADT by 2010 and 4,200 ADT by 2020. 6.2 The City Code requires off - street parking to consist of two spaces for each dwelling unit, of which 1 space will be within a garage. In the case of the United Properties proposal, each condominium unit will have 2 underground parking spaces; 13 visitor parking spaces will be provided in the surface parking lot. Similarly, the town home proposal has a 2 stall garage with each unit and an additional 2 vehicle spaces behind each garage. Visitor parking is contained within a 10 stall surface parking lot. A cross parking easement with the Country Club and/or a proof of parking agreement will be necessary to assure that required parking can be accommodated if required by the City. 6.3 Site lighting must be downcast and not shed glare at adjacent properties. The Community Development Department will review a site lighting plan and will work with the Developer on an appropriate style and layout. The developer will discuss options with Xcel Energy for residential street lighting and within the development site. Lighting adjacent to existing residential properties must be down cast. 6.4 The placement of mechanical equipment can create visual and noise issues. Given the proposal it is assumed that air conditioning units for the town homes will be placed on the ground. All units for the town homes must be placed on the north or south side of each unit and screened from view. In the case of the condominium, it is assumed that heating, cooling, and ventilating equipment and air conditioning units need to be affixed as wall units to the building facade, placed on the ground, or placed within roof cavities. Those units that are ground units should be centrally placed and screened from view and include reduced noise levels. Should an emergency generator be contemplated for the condominium, the final site plans must indicate the proposed location and the generator must meet all applicable State decibel levels. 6.5 The City has adequate sanitary sewer, storm water, and water mains in place to support the development project. The Public Works Department and the Rice Creek Watershed, prior to Final Development Plan consideration, must review and approve all of these detailed plans. PF3471 — RCA 102003 Page 7 of 10