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Density: R Less than 2 units per acre (total'�land area in District) ■ 4.65 units per acre of residentiallydesignated land Demographics: R 65% of the households have no children R 60% of households occupied by 2 persons or less R 47% of heads of household age 55 or older � On1y 100 persons under the age of 14 R 60% of the housing units are over 50 years old ■ 294 homes were constructedin the 1950's or earlier (60%) 8 71 homes were constructedin tl�e 1990's (14.5%) ■ 490 units are owner occupied (510.6%) ■ 332 units are renter occupied (40.4%) The Staff estimates that the 8 units proposed in this development will have a similar demographic profile. That is, few children, empty nesters, 2 persons per household, and the majority over 55 years of ag�. 5.3 Increase in Property Tax: The propo�ed town home developmentwill provide an increase in the property taxes. It is estit�iated from the Meadow View Homes proposal that the proj ect will be valued at $2.8 td $3 million (average 375,000/unit) and generate roughly $37,720 in new property taxes, of which Roseville receives between $6,800 and $7,500 annually (18 to 20%). 5.4 Residents: The Community Developmlent Department estimates there will be 16 to 20 new residents when fully built out. Bec�use of cost, size, and design, staff estimates that most units will be occupied by empty n�ster professionals or retirees. 5.5 Willow Pond Park (nearest to subj ect sire) is located to the southeast; Pocahontas Park is located to the west; Howard Johnson Pa�rk is located to the north; and Central Park is located to the east, and all are within w�lking distance (3 to 6 blocks) from the subj ect site. City trails are also nearby. Specifi�Cally, a City trail is located along the west side of Hamline Avenue; within Willow Pond park; within Howard Johnson Park; along both sides of County Road C; along both sid$s of Lexington Avenue; and an extensive system within Central Park. 6.0 PROJECT IMPACTS: 6.1 Traffic generation (Source: Institute of Traffic Engineers — Traffic Generation Manual) is estimated to be from 7 to 11 vehicle trip�s (in or out of site) per housing unit or a total of 56 to 88 trips which will enter or leave �his residential developmentfrom Oakcrest Avenue to Hamline Avenue or to Lexin on Avenue during a given 24 hour day. The peak PM hour should range from 3 to S�ehicle trips (5% of total trips per day). This includes vehicles such as the mail truck and garbage pick-up. Oakcrest Avenue (Local Street) with 520 Average Daily Traffic �ADT) (2000) trips per day in this location and PF3546 — RCA 032904 Page 8 of 12