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Gerald Kaufhold, Case No. 1815 Roseville zoning allow the use of special permit. acres. Page 5 ordinance as recently amended, would the B-1 parking space for a B-2 use by a The Parcel B site consists of 1.86 16. Parcel C is a proposed 2.82 acre site to be used for public park purposes. Ten percent of this park land is proposed to be dedicated as required in the current Roseville subdivision ordinance, and the remainder is proposed to be sold to the City in accordance with an agreement submitted by Mr. Kaufhold (a copy of which is attached). Ten percent of the net land area (after dedication for Lexington Avenue) is equal to 35,608 square feet. Subtracting this from the 123,000 square feet in Parcel C, indicates that the remainder would be 87,392 'square feet. Mr. Kaufhold proposes to sell this land to the City for $200,000. Dividing $200,000 by 87,392 square feet indicates a unit price of $2.29 per square foot. If you multiply $2.29 by 11,000 square feet (the minimum interior lot size in Roseville), this produces a figure of $25,190. Available single-family lots in Roseville run approximately from $35,000 to $50,000 which frequently include costs for streets and utilities. In cases where park expansion is accomplished with properties including the purchase of the house and the parcel, the cost can be considerably greater. 17. A simple analysis of land value for single-family purposes may be illustrated by the potential for developing five lots on the south edge of the property fronting on Eldridge Avenue, with a frontage of 610.5 feet. The lots were platted at 83 feet in width, the corner lots would be 97.5 feet. These numbers create potentially seven lots along this str.p. Seven lots divided into $200,000 equals $20,571. Obviously if this is done, there would likely be assessments for utilities put on these lots, the value of which we do not know at this point. Such analysis is largely theoretical, though it gives us some indication of land value. 18. In consultation with the Parks and Recreation Director, it was suggested that the use of the 2.82 acre park site as proposed is potentially feasible. If parking is provided off of the park site (as proposed), the existing warming house can be moved with the result that the ball field and the existing hockey rink would remain as they now exist. Obviously the park would be better if the southerly two -fifths of the land were park in its entirety. Mr. Kaufhold has indicated that this might be a possibility, though the costs would go up if the south line of Parcel A