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<br />PERCENT NON-REDEVELOPMENT FOR <br />CONCENTRA TED GROWTH SCENARIO <br /> <br /> FAZ 1 FAZ2 FAZ3 <br />Single Family Units 1 (10% NA NA <br />Medium Density Units 61% 3% NA <br />Hil!.h Density Units 26% 4% NA <br />Retail Space 100% 87% 72% <br />Office Space 34% NA 9% <br />Indust.lFlex Space NA NA 15% <br /> <br />NA = No Development Planned <br /> <br />The table below represents the net market value increase for the redevelopment portion of new <br />growth. The non-redevelopment portion assumes the market values indicated in the first table <br />above. The market value data reflected in the table below are based on current sample <br />redevelopment projects in RosevilIe as provided by the Community Development Department. <br /> <br />Market Values of New Redevelopment by Land Use Category <br />City of Roseville u Concentrated Growth Scenario <br /> <br /> New Market Replaced Net New Percent Increase <br />Category Value Market Value Maket Value in Market Value <br />Residential (1) <br />Townhouse Unit (2) $145,000 $72,500 $72,500 100% <br />Multifamilv Unit (2) $60,000 $30,000 $30,000 100% <br />Nonresiden tial <br />Retail KSF (2) (3) $108,000 $36,000 $72,000 200% <br />Office KSF (2) $85,000 $25,000 $60,000 240% <br />Industrial Flex KSF (2) $65,000 $25,000 $40,000 160% <br />Nonresidential Tvoical Buildino Sizes <br />Retail KSF 30,000 <br />Office KSF 50,000 <br />Industrial Flex KSF 60,000 <br /> <br />(1) Data not provided by City. Assumes 100 percent increase in value. <br />(2) For aU applicable zones. <br />(3) Data not provided by City. Assumes average percentage differencial of Office and Industrial/Flex. <br />Source: City of Richfield, TA. Aff market value data in/cudes land. <br /> <br />It should be noted that these values, being based on sample data, represent typical values and <br />may not necessarily reflect all redevelopment projects. Given the broad range of neighborhoods, <br />project types, and land use configurations, however, there is no way to exactly model the net <br />changes without conducting a detailed survey of existing property values. Furthermore, exact <br />future replacement values cannot be known given details on future development characteristics <br />are not known. As a result, the "typical" values shown in the table must be assumed for <br />purposes of the fiscal study. <br /> <br />Page 33 <br /> <br />Tischler & Associates, Inc. <br />