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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: R-4 Average Property Taxes: 51,389 <br /> School District: Lakeville Avg. # Children per Unit: .74 <br /> Avg. Market Value: S56,371 Avg. # People per Unit: 2.38 <br /> Average Unit Age: 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 /> AnCity School <br /> FiguresnualOperating <br /> District <br /> :.t� Expenditures $9,235 $55,541 <br /> i J <br /> 4��� �, :� -, �� Revenues 9, 969 53,027 <br /> Net Impact 729 (2, 514) <br /> •.. �..�,•,,,;' -� • �. Overall Net (1, 785) <br /> -*-+ ' " Per Acre Impact 202 (698) <br /> 1.:•4,•—••••74.1...L:;;;:-.";;',7.,,"''''': "'''''', _ b " <br /> „" ..., e ° Overall Net per (496) <br /> ."' '47� a t''t; . ;''sem"- <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 />