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Banks: Downtown and 135 <br />One bank is in downtown Lakeville, the other is located at I -35 and Hwy. 50. <br />• <br />Zoning: B -4 <br />School District: Lakeville <br />Downtown Market Value: 5725,000 <br />I -35 Market Value: $350,000 <br />ANALYSIS: <br />At the request of the Economic Development Commission, the downtown bank and the I -35 Bank are compared. <br />They wanted to know how two fundamentally different commercial areas compare. The net fiscal impact of these <br />sample areas is positive on a total and per acre basis. Police services are primarily for money escort and costs are <br />nominally recovered through fees. <br />r: <br />FINDINGS: <br />:DOWWNTOWN <br />I35 <br />Operatin1,284 <br />School <br />District <br />City <br />School <br />District <br />tures 3 <br />rNetImpact <br />NA <br />$2,088 <br />NA <br />s <br />20,240 <br />3,082 <br />8,939 <br />20,240 <br />994 <br />8,939 <br />Net ,695 <br />9,933 <br />e Impact <br />26,116 <br />1,247 <br />11,216 <br />Overall Net per <br />12,463 <br />The downtown bank has twice the positive returns because its building value is considerably higher. Downtown <br />development should be encouraged; as the desirability of the property increases, so will the market value and tax <br />base. Also, residential developments should be encouraged which are serviced by Lakeville commercial properties <br />in order to balance the costs of maintaining residential development. <br />• <br />29 <br />