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PERCENT NON-REDEVELOPMENT FOR CONCENTRATED GROWTH SCENARIO \[x:l'~ ~ L9JW~ ~ ~~~T NA = No Development Planned ~~ L~ ~ 7 Wl&tQ c.f!.ezJ-c .- The table belo market value increase for the redevelopment portion of new growth. Th n-redevelopment port.on assumes the market value . in the first table above. The m - ~d in t e ta e below are based on current sample redevelopment projects in Roseville as provided by the Community Development Department. '11; I FAZ 1 FAZ2 FAZ3 Single Family Units 100% NA NA Medium Density Units 61% 3% NA .. Hil!.h Density Units 26% 4% NA Retail Space 100% 87% 72% Office Space 345'0 NA 9% Indust.lFlex Space NA NA 15% Market Values of New Redevelopment by land Use Category City of Roseville -- Concentrated Growth Scenario New Market Value Replaced Market Value Net New Maket Value 7~ '" ill ~ 1.S t7u; Percent Increase in Market Value ~ $145,000 $60,000 ~ $72,500 $30,000 ~c/ $72,500 1-00% $30,000 100% Nonresidential Retail KSF (2) (3) Office KSF (2) Industrial Flex KSF 2 $108,000 $85,000 $65,000 $36,000 $25,000 $25.000 $72,000 $60,000 $40,000 Sizes Nonresidential T Retail KSF Office KSF Industrial Flex KSF 30,000 50,000 60,000 200% 240% 160% (1) ata not provided by City. Assumes 100 percent increase in value. For all applicable zones. (3) Data not provided by City. Assumes average percentage differencial of Office and Industrial/Flex. Source: City of Richfield, TA. All market value data inlcudes land. f\, .~~~ may not necessarily reflect all redevelopment projects. Given the broad range of neighborhoods, ~ { project types, and land use configurations, however, there is no way to exactly model the net. \ changes without conducting a detailed surveY~f . ting property values. Furthennore, exa~ future replacement values cannot be known,g et~ils on future development charactensttcs are not known. As a result, the "typical" \/alue shown in the table must be assumed for purposes of the fiscal study. ~ ile It should be noted that these values, being based on sample data, represent typical values and \ Page 33 Tischler & Associates, Inc.