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Roseville's housing stock. This would equal 16% of the 542 additional housing units that the Metropolitan Council is anticipatingthat Roseville will supply by the year 2010. • Proqer#Y Taxes: With an increase in the numberof housing units that subdivisions could afford. increased tax capacity wpuld be provided to the City. Assuming no change in tax levy, this would result in an overall decrease of tax rates to the remainder of the community. . D versit usira� SFock: �s �t� ear�er, a��r�r �l v�n �� to � larger, more expensive, ��, �o�rncil sh�d �r �+��er the � of large � in the community is either lacking or in overabundance * Property-0wner Riqhts and Expectations: Owners of subdividable properties may have purchased these properties with the expectations of their right to subdivide their property in the future. ■ Praoertv Values: Contraryto much neighborhoodtestimony on the issue, staff knows of no information that would support an idea that subdividing residential properties results in a relative decrease of property values to the adjacent homes. In fact, a study in a similarly sized inner-ringsuburb (Richfield) found that increasing housing density in a neighborhoodactually leads to a relative increase in nearby home values. • Preservation of Onen Space: In many of the recent discussions regarding potential subdivisions, residents have cited the preservation of open space in their opposition. Staffs perspective is that it is inappropriateto view an individual's privately owned propert�r as community open space. If such property has value to the community as open space, then it should be acquired as public open space. Potential Lot Split Options The following discussion articulates potential alternative actions the City Council could take to either maintain the existing single-familyresidential lot splitlsubdivision policy or to commence a large-lot preservation policy. 1. Maintain Exisfinq Sinale-Famrlv ResidentialZoninq/Subdivision Code Underthe City's existing Subdivision Code, a single-familyresidential lot can be split into two or more lots as long as each new lot meets the minimum singie-family residential requirements and adheres to the design standards set forward by the code. Maintainingthis policy allows for infill developmentto occur, but does not require propert�r owners to take into consideration the neighborhood contextwhen creating new lots. 2 Revise the Sincrle-Familv ResidentialCade/Subdivision Code As described above City code allows for the subdivision of single-family lots. However, the code does not speak to the context ofthe newly created lots within the Larger "neighborhood."As such, any lot that meets the minimum requirements can be divided regardless of the size of the surrounding lots. — To allow for contextual consideration when subdividing a single-family residential parcel, cities have — begun to requirethat newly created parcel are comparableto those in close proximity. For example, the _ �i�y of Bloomington enacted a provision within its zoning ordinance that new residential lots subdivided _ after August 31,2006 meet or exceed the median lot width of all single-family residential lots within 500 — feet of the proposed subdivision Revising the existing single-family residential zoning and subdivision codes would apply to ail single- family lots in Roseville. 3. Gi�'ate e f+18,ie �� "J� r h�_ti �, �t� g�p�l�r ��q�ri i� l�r� 6 U� i� ii t�l � rteigl�arhoOtE conservation district and applying it to areas that have concentrated areas of larger residential lots, • Page 3