|
the other standard assumptions listed above. The "low" scenario adjusts values
<br />to 80% of the "high" scenario and typically doubles absorption rates. Staff will also
<br />adjust inputs and assumptions on a case by case bases when warranted, and
<br />provides a summary of assumptions in the staff memo for the project.
<br />The following images shows the standard input section cf the model for both
<br />residential and commercial development.
<br />YFSIr]FMlAi nFVF1 r7pA1 FAR rnAirmurAl7 • - .
<br />Land Use Prorle
<br />Polenfial New
<br />QeYelo menu
<br />type ar Abimpfion
<br />_
<br />�cadlAlnrn6isl
<br />Annual Absarphon;
<br />Percent Abmrbad
<br />Rvniderft:r low Den9ty
<br />2.5r L'tlnan5 Per Ur111
<br />$600,000 Per Unit
<br />C00 Per Unif
<br />3311n. FI.In1 WK11h
<br />4.76 Vehicle Trips
<br />3 132ODD HH Income
<br />I.f%10 Onils
<br />5`Y.a Adf. Facto
<br />35% on Taxables Items
<br />11llnf11
<br />lO
<br />Market Valve:
<br />Construcwn Vosue
<br />Resldemiol Medurll Derey
<br />I I.S Persons Per Uri,
<br />4550,I100 Per urrl
<br />s275000 Per Uri,
<br />8 Lk1. F,. Lot,YWrl
<br />4,t3 V1t]ode Ir"
<br />$12t,00tt HH Income
<br />361 Units
<br />50%Adf. Factor
<br />35,T on taxobles rmrnfl
<br />�`rrnr
<br />50 units
<br />14.00'A
<br />Mutitol VtAju-
<br />Construction `Iorue
<br />ReildenIci HIQb Dens"
<br />1.3U Persons Per UN,
<br />4350.000 Per UFYI
<br />S17S,OOC1 Per Ur it
<br />0 Lin. F,. Lot Wldttl
<br />4.68'/er1iG�Tlips
<br />$77,pf]fy i&I Irltarcl@
<br />0 Units
<br />50%Adl. Foctar
<br />35%orI Ta%atiloi n11rn5
<br />I�
<br />Pnunl AEra6erl
<br />0 Units
<br />�.
<br />Markel Value:
<br />Cutnl rile till k Vlrl re
<br />Land Use Prone
<br />I
<br />Polenfial New
<br />Gevelo meal
<br />a of Aks a llon
<br />Annual Absorplion/ i
<br />Percenl Absorbed
<br />Retail c25k
<br />78.33 Yenide TO;
<br />;272 Per Sq. FI'
<br />3.33 Per 1.000 . FT.
<br />28%A4, Fodor
<br />C"n't"'C"o" Vdlu",
<br />ISO ". Per Sq. it.
<br />136,61 a sq, Ft.
<br />;1Y4 Per Sq, Ft.
<br />su 5 endlnper E
<br />p�t,x l Al Mxl rr!
<br />47,000 Sq, FI,
<br />10.00°,a
<br />Mdrkrt Vok1e-
<br />Lm rrenr Density!
<br />Retal 25 50k
<br />61 A6 Verlide Trips
<br />5257 Per Sq. Ft.
<br />2-86 Pl3r 1,000 . FI.
<br />31 % Adl. Factor
<br />Com?rictlon Value:
<br />7Ti11 Sans f'rr , F1.
<br />0 Sq. Ft,
<br />$185 Per Sq. Fr.
<br />S .ncy Fm ,
<br />PK Abrerkd
<br />75.000 Sq. Ft.
<br />10DD
<br />MpnCCr Vduo:
<br />Frn rn rrlRnl rJRns11 :
<br />110IRI
<br />61.3 VehWAR lr4W
<br />$272 Per Sq- Ft.
<br />6.�2 Pcr 1 A00 . Ft.
<br />W%Adf. Fnc1
<br />Construction Valve:
<br />2 SalLs Pa Sq. Ft.
<br />20G.RM Sq- Pl.
<br />f 174 Per Sq. Ft,
<br />31,200 5 endn er Em .
<br />r;,WA4;~ „
<br />osq. FI.
<br />10-OM
<br />Market Value:
<br />Em menr Ocnsit :
<br />orrice c25k
<br />13A0 Venice Trips
<br />$772 PetSq. Fi.
<br />A.13 Per I_UOO Sq. F 1,
<br />50% Adj. Factor
<br />Cons n VdWe-
<br />Sc Sales Per Sq, FT.
<br />0 Sq. Ft.
<br />$1Y4 Per Sq_ Fr.
<br />S5,Ow0 spencong per Em .
<br />I,r,,,,,1 Abrorhnl W
<br />Sq. F,.
<br />14.O1M
<br />Vkzket Volut -
<br />Lmpsovnlenr Uenslry,
<br />As mentioned, staff will run a "high" and "low" development scenario. The following
<br />table is an example of assumptions
<br />that could be added to the model to show each
<br />scenario.
<br />Residential Units
<br />100
<br />80
<br />House Value
<br />$600,000
<br />$450,000
<br />Construction Value
<br />$300,000
<br />$225,000 -
<br />HH income
<br />S1 20,000
<br />$67,500
<br />Absorption
<br />4 years
<br />8 years _
<br />Office
<br />20,000 sq. ft.
<br />16,000 sq. ft.
<br />Market Value
<br />$300
<br />$240
<br />Construction Value
<br />5200
<br />$160 _
<br />Worker Spending
<br />55,000
<br />$4,000 _
<br />Absorption
<br />10 years
<br />20 years _
<br />Retail
<br />10,000
<br />8,000 _
<br />Market Value
<br />5250/sq. ft.
<br />$200
<br />Construction Value
<br />$ 180/sq. ft.
<br />S 1 dal
<br />Worker Spending
<br />$1,200
<br />$960
<br />Sales Per sq. ft.
<br />5100
<br />$80
<br />Absorption
<br />10 years
<br />20 years
<br />This table provides an example of the summary output of the model, which shows
<br />revenue and expendeture by fund, as well as net fiscal impact of all funds. The
<br />9/132
<br />
|