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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 /> IOAK SHORES 7TH ADDITION <br /> IV-- nx .• , f <br /> .- '° s� fz '�.,' -4 .. , Annual Operating <br /> ,� x ; � � P 4 City School <br /> fil 'r Figures District <br /> ,,.; .' . Expenditures $12, 764 $66,755 <br /> ; 1 1 Revenues 13, 822 66, 321 <br /> 4114" .i <br /> ,,,� Net Impact 1, 057 (434) <br /> �� - " �- Overall Net 624 <br /> '. ��; <br /> I. <br /> .7.-.r.' <br /> .., `";. '..,,' `A„,,,. - � '�''' �.' Per Acre Impact 352 (145) <br /> -r�"i C�*...'"„�y--' as r,ty ,,.:.. <br /> r.�,a(. ._fir S <br /> �� ;" ''-'C-:' 4. y Overall Net per 208 <br /> YA ..� � i <br /> x ^, �r �w?.IttVi:rt. . 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 />