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Oak Shores 3rd Addition <br />This area has primarily owner - occupied twinhomes. The houses are well constructed and designed to blend into the <br />• landscape. The general condition of the housing could be described as very well maintained and attractive. <br />Zoning: <br />R -4 Average Property Taxes: $1,389 <br />School District: <br />Lakeville Avg. ## Children per Unit: .74 <br />Avg. Market Value: <br />556,371 Avg. ## People per Unit: 2.38 <br />Average Unit Age: <br />12 Years <br />ANALYSIS: <br />Oak Shores 3rd Addition positively impacts the City finances. Standard street and fire service is provided to this <br />area. It is mainly serviced by the Apple Valley commercial area on Cedar Avenue. It represents a quality <br />twinhomes housing development which will likely retain its value for some time to come. <br />OAK SHORES 3RD ADDITION <br />Overall Net per (496) <br />Acre <br />FINDINGS: <br />This type of development conserves on land area and is of enduring quality. Although a negative fiscal impact, it is <br />relatively small in comparison to the other areas. If possible, the City should make efforts to encourage developers <br />to replicate the more positive aspects of this neighborhood. <br />• <br />1I <br />�s <br />Annual Operating <br />City <br />School <br />Figures <br />District <br />x1 <br />Expenditures <br />$9,235 <br />$55,541 <br />.y ¢ <br />r <br />Revenues <br />9,964 <br />53,027 <br />Net Impact <br />729 <br />(2,514) <br />Overall Net <br />(1, 785) <br />Per Acre Impact <br />202 <br />(698) <br />Overall Net per (496) <br />Acre <br />FINDINGS: <br />This type of development conserves on land area and is of enduring quality. Although a negative fiscal impact, it is <br />relatively small in comparison to the other areas. If possible, the City should make efforts to encourage developers <br />to replicate the more positive aspects of this neighborhood. <br />• <br />1I <br />