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Oak Shores 3rd Addition <br /> This area has primarily owner-occupied twinhomes. The houses arc 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: S1,389 <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 /> Annual Operating City School <br /> Figures District <br /> Expenditures $9,235 $55,541 <br /> rrs;F-;..�.....4s:., Revenues 9 969 53 027 <br /> s ,:,**.,,.-,,,c...,,,_ , <br /> " �I �` • Net* Impact <br /> _ •t ,,,, i t:,. 729 (2, 519) <br /> " ----- ""..., :: Overall Net (1, 785) <br /> r - Y `' ----1 ..;7-7..,..;---1-_-:; ,: ,--•••••,-..," - • Per Acre Impact 202 (698)— <br /> ,�,� ..= ...,, :'�'�==AOverall Net per <br /> (496) <br /> """ y ,: h 4, -� :x7"--*- ,. 4,V�� <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 /> 7-, <br />