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Oak Shores 7th Addition <br />This area has quadra -plex housing built in the mid 1980's. The units are of moderate construction quality. The <br />,general condition of the housing could be described as fairly well maintained with sparse landscaping. Primarily <br />young families live in this type of housing. <br />Zoning: R -5 Average Property Taxes: $1,371 <br />School District: Lakeville Avg. # Children per Unit: .63 <br />Avg. Market Value: S38,167 Avg. # People per Unit: 2.33 <br />Average Unit Age: 7 Years <br />ANALYSIS: <br />Oak Shores 7th Addition turns an overall positive fiscal impact for the City. It is mainly serviced by the Apple <br />Valley commercial area on Cedar Avenue. It represents a moderate quality four -plex housing development which <br />shows a good mix between density and market value. Also, this type of development offers affordable housing <br />which is not deteriorated nor overly dense. <br />OAK SHORES 7TH ADDITION <br />�;` , "•' <br />Annual Operating <br />City <br />School <br />Figures <br />District <br />Expenditures <br />$12,764 <br />$66,755 <br />Revenues <br />13,822 <br />66,321 <br />" <br />Net Impact <br />1,057 (434) <br />Overall Net <br />624 <br />Per Acre Impact <br />352 <br />(145) <br />Overall Net per <br />208 <br />w�M <br />Acre <br />FINDINGS: <br />This type of development conserves on land area and provides affordable housing without major compromises on <br />space or safety. If possible, the City should make efforts to encourage developers to replicate the more positive <br />aspects of this neighborhood. <br />• <br />23 <br />