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Last modified
7/17/2007 12:31:50 PM
Creation date
12/8/2004 2:48:33 PM
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Template:
Planning Files
Planning Files - Planning File #
3065
Planning Files - Type
Planning-Other
Address
2660 CIVIC CENTER DR
Applicant
CITY OF ROSEVILLE
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<br />PERCENT NON-REDEVELOPMENT FOR <br />CONCENTRATED GROWTH SCENARIO <br /> <br />\[x:l'~ ~ <br /> <br />L9JW~ <br /> <br />~ ~~~T <br />NA = No Development Planned ~~ L~ ~ 7 <br /> <br />Wl&tQ c.f!.ezJ-c .- <br />The table belo market value increase for the redevelopment portion of new <br />growth. Th n-redevelopment port.on assumes the market value . in the first table <br />above. The m - ~d in t e ta e below are based on current sample <br />redevelopment projects in Roseville as provided by the Community Development Department. <br /> <br />'11; <br /> <br />I <br /> <br /> FAZ 1 FAZ2 FAZ3 <br />Single Family Units 100% NA NA <br />Medium Density Units 61% 3% NA <br />.. <br />Hil!.h Density Units 26% 4% NA <br />Retail Space 100% 87% 72% <br />Office Space 345'0 NA 9% <br />Indust.lFlex Space NA NA 15% <br /> <br />Market Values of New Redevelopment by land Use Category <br />City of Roseville -- Concentrated Growth Scenario <br /> <br /> <br />New Market <br />Value <br /> <br />Replaced <br />Market Value <br /> <br />Net New <br />Maket Value <br /> <br />7~ <br /> <br />'" ill <br /> <br />~ <br />1.S t7u; <br /> <br />Percent Increase <br />in Market Value <br /> <br />~ <br />$145,000 <br />$60,000 <br /> <br />~ <br />$72,500 <br />$30,000 <br /> <br />~c/ <br />$72,500 1-00% <br />$30,000 100% <br /> <br />Nonresidential <br />Retail KSF (2) (3) <br />Office KSF (2) <br />Industrial Flex KSF 2 <br /> <br />$108,000 <br />$85,000 <br />$65,000 <br /> <br />$36,000 <br />$25,000 <br />$25.000 <br /> <br />$72,000 <br />$60,000 <br />$40,000 <br /> <br /> <br />Sizes <br /> <br />Nonresidential T <br />Retail KSF <br />Office KSF <br />Industrial Flex KSF <br /> <br />30,000 <br />50,000 <br />60,000 <br /> <br /> <br />200% <br />240% <br />160% <br /> <br />(1) ata not provided by City. Assumes 100 percent increase in value. <br />For all applicable zones. <br />(3) Data not provided by City. Assumes average percentage differencial of Office and Industrial/Flex. <br />Source: City of Richfield, TA. All market value data inlcudes land. <br /> <br />f\, <br /> <br />.~~~ <br /> <br /> <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~f . ting property values. Furthennore, exa~ <br />future replacement values cannot be known,g et~ils on future development charactensttcs <br />are not known. As a result, the "typical" \/alue shown in the table must be assumed for <br />purposes of the fiscal study. ~ ile <br /> <br />It should be noted that these values, being based on sample data, represent typical values and <br /> <br />\ <br /> <br />Page 33 <br /> <br />Tischler & Associates, Inc. <br />
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