My WebLink
|
Help
|
About
|
Sign Out
Home
pf_01909
Roseville
>
Planning Files
>
Old Numbering System (pre-2007)
>
PF1000 - PF1999
>
1900-1999
>
pf_01909
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/21/2024 8:44:41 AM
Creation date
2/21/2024 8:38:55 AM
Metadata
Fields
Template:
Planning Files
Planning Files - Planning File #
1909
Planning Files - Type
Special Use Permit
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
187
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ki <br />C. Waldron <br />Page 2 <br />figure, which for the Minneapolis Business College is 9.7 <br />months. The attendance figure of 9.7 months is the time an <br />"average student" is in school and is calculated as an <br />average of the mix of students in various length programs. <br />Once this multiplication is completed, the total projected <br />Gross Rent is arrived at. This is illustrated in greater <br />detail on the attachment I have labeled Facility Rents. <br />To arrive at the market rents for the school facility, we <br />then divide the rents by the square foot area of the facility <br />and arrive at the $1.4_,Q5 per square foot gross rent. You <br />will note that rate is fairly similar to suburban rental <br />figures around the metropolitan area. This is also <br />illustrated on the attachment. <br />2. The rates regarding the town houses are a reflection <br />of what's referred to in the school industry as a "per bed <br />rate." Using a gross revenue figure per bed for the <br />Minneapolis Business College, and then adjusting out the <br />expenses unique to Bradford's use of the townhouses (and the <br />fact that they pay all the operating expenses), we <br />approximated a market rent which was adjusted for a 3% <br />vacancy factor. Another approach, typical of the school <br />industry, is simply to take the number of beds and multiply <br />it b the revenue per bed which yields the gross rent. This <br />simplified approach is also illustrated in the attachment. <br />3. The parking amount was arrived at simply by <br />estimating the cost of amortization of the debt on the <br />parking areas. This is also reflected in the attachment for <br />that portion of the parking allocated to the school building. <br />The remainder was allocated to the town houses and is <br />included in the "per bed rate." <br />When adding thr- <br />theelcomponent parts together, we then <br />arrive at the 5Z 765 gross total revenue figure. That <br />approximates the normal revenue projection for a school <br />facility of this type. <br />The other questions you asked pertained to the $4.02 per foot: <br />for operating costs. I have also attached the details for <br />your review. They reflect the higher occupancy costs <br />associated with the large number of people the school serves <br />during the year. <br />
The URL can be used to link to this page
Your browser does not support the video tag.