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<br />e <br /> <br />e <br /> <br />INFORMATION PAPER <br />Rural Large Lot District Committee <br />October 7, 2004 <br /> <br />ISSUE: Development Costs, 10 Acre Tract <br /> <br />ASSUMPTIONS: <br />· 10 acres of virgin land <br />· ~ acre lots <br />· All utilities built to PICM standards <br />· 10 acres = 435,600 SF <br />· Road must to 60' ROW <br />· 17 lots are available with .025 acres for open space <br />· Length of water, sewer, storm drain line = 821 LF <br />· 8" Water Line => $]] .00 per LF <br />· 6" Sewer Line => $18.5] per LF <br />· 24" RCP Storm Sewer => $30.00 pe.r LF <br />· Fire Hydrants-----2 required@ $2]50 each <br />· Sanitary Sewer Manholes------2 required @ $1500 each <br />· ] x 8" Water Line Gate Valve => $883.70 <br />· 30' wide (6" thick) concrete curb and gutter street 821 LF or 2,739.74 SY. <br />· Concrete is $25 per SY <br />· 2 x inlets H-2 @ $]644 each. <br /> <br />COST: <br /> <br />WATER LINE-------- <br />SEWER LINE--------- <br />RCP STORM SEWER---- <br />FIRE HYDRANTS--------- <br />MANHOLES-------- <br />GATE VALVE------ <br />STREET ------- <br />INLETS (H-2)------ <br />10% CONTINGENCY----- <br />10% ENGINEERING----- <br />TOT AL:------------------- <br /> <br />$ 9,031.00 <br />$15,196.71 <br />$24,630.00 <br />$ 4,301.80 <br />$ 3,000.00 <br />$ 883.70 <br />$68,493.50 <br />$ 3,288.00 <br />$ 12,882.47 <br />$ 14,170.72 <br />$155,877.90 OR $9,169.29 PER ~ ACRE LOT <br /> <br />Assuming a standard 6000 SF subdivision of 63 lots: = $2,474.23 per lot. <br /> <br />ISSUE: Tax Base to City of La Porte <br /> <br />ASSUMPTIONS: <br />. 10 acre outlot <br />. $.71 per $100 value tax rate <br />· 6000 SF house and lot average mean value @$]50,000 <br />· ~ acre house and lot average mean value @$200,000 <br />· 1 acre house and lot average mean v;:tlue @$250,000 <br /> <br />TAXABLE BASE VALUE OF SUBDIVISION TO THE CITY: <br /> <br />6000 SF LOT/HOUSE (X 63 LOTS) = <br />Yz ACRE LOT/HOUSE (X 17 LOTS) = <br />1 ACRE LOT/HOUSE (X 8 LOTS) = <br /> <br />$67,095.00 <br />$24,140.00 <br />$14,200.00 <br /> <br />. <br />,. , <br />