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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: S189,047 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 /> iLAKE VILLA ESTATES • <br /> •� 7.' J Annual Operating City School <br /> •+ Figures <br /> District <br /> iiii .,' ����y'�� Expenditures $51, 090 $369, 061 11 <br /> '•�-- ' F � � Revenues 81, 13 8 409, 171 <br /> 41 P": .i-.: ,,-: ., • - '"-'-':‘'f•:-•'''';`''''2'''i <br /> f11 <br /> ., ; f Net Impact 30, 046 45, 110 <br /> . '` isell <br /> Overall Net 75, 158 <br /> -ttf: Per Acre Impact 835 1,253 <br /> .M, k •-•:;---:1-- ,--------_.tnq, ,,-;,;-,:'•444:14.;,...).;'-'.:'••=,•'- <br /> ---.4, z44 <br /> ,,��tr,, - • '''.'..-1-7:•,••=•- - :4Overall Net per 2, 088 <br /> -: ` ' •: 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 />