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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: S1,371 <br /> School District: Lakeville <br /> 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 /> :, 1x. y -3,,„mow:• Annual <br /> nnual 0 erating O; <br /> 4 <br /> tY School <br /> . * , �., " , t "K> • ` ='';.Q"; <br /> x " 'Yrsyw5y, [ r Figures District r '" a �^"� �� c <br /> ' ; a u< ? _tes Expenditures <br /> $12, 769 $66, 755 <br /> i Revenues <br /> 13, 822 66, 321 <br /> W. <br /> ,.�... . . Net Impact 1, 057 (434) <br /> ti;,,_ - '- a.. .a--4-^+:=7arc Overall Net 624 <br /> �^'�., -^�+ ea . --,. �° ' <br /> >-s�© �c "-" •-'"'- �= .. . Per Acre Impact <br /> 352 I (145) <br /> a.s <br /> 'r�=. Overall ra_1 Net per 208 <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 />