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Lake Villa Estates <br /> This new housing represents upper-income single family housing which is built in one of the most attractive areas of <br /> •the City and close to a man-made amenity, the golf course. These are executive homes of higher quality <br /> construction and well blended into the landscape on larger lots. <br /> Zoning: R-1 Average Property Taxes: $4,228 <br /> School District: Lakeville Avg. # Children per Unit: 1.33 <br /> Avg. Market Value: 5189,047 Avg. # People per Unit: 3.61 <br /> Average Unit Age: 3 Years <br /> ANALYSIS: <br /> Lake Villa Estates turns an overall positive fiscal impact for the City. Police services are very minimal. It is mainly <br /> serviced by the I-35 and Hwy. 50 business area and the Burnsville Center area. The higher value of these homes <br /> compensates for the lower density. <br /> LAKE VILLA ESTATES <br /> : Annual Operating City School <br /> 7 :-kr.,-- ,....c,,_4 Figures District <br /> • Ia' ' k•µ <br /> i� '� <br /> .' Expenditures $51, 090 $364,061 <br /> rt - <br /> ..1;;*. ;, rt Revenues 81, 138 409, 171 <br /> Kr s Net Impact 30, 048 45, 110 <br /> Overall Net 75, 158 <br /> O-'rr.- �.. n�.� Per Acre Impact 835 <br /> 1,253 <br /> - I Overall Net per 2, 088 <br /> 741. <br /> : y- - « z'4_� ` .K', w ..mac Acre <br /> FINDINGS: <br /> This type of development consumes land area, but does not burden city finances. If possible, the City should make <br /> efforts to encourage developers to replicate the quality of landscaping. <br /> • <br /> 18 <br />