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il <br /> <br />CITY OF SRVRGE -+ 6i2 42? 5545 <br /> <br /> I r <br /> Mayor and City CounCil <br />i.~ollector Streets Pblic~ <br /> <br /> I <br /> I <br /> I <br /> i <br /> I <br /> I <br />! <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br /> <br />I <br /> <br />NO. 539 <br /> <br />-2-- <br /> <br />October 7, 1985 <br /> <br />The mathematics on these assumptions goes like the <br />f~llow~ng: <br /> {-% Mi-->~-2640,~ <br /> <br />160 <br />Acres <br /> <br />Each quarter section (160 acres) would become responsible <br />for two onemhalf mile sections of collectors or 5,280'. <br />I~ we utilize the $100 per f~ot number we have: <br /> AoGross <br /> 5280' X $100 per foot : '16U/Acres =- $3,300/Gr°ss <br /> ~ ' 'Acre <br /> <br />U~ing the 80% net to gross ratio gives: <br /> <br />$3,300/Gross Acre <br /> <br />80% = $4,125/Net Acre <br /> <br />Thais simple computation was the derivation of the $4125/ <br />ne~ acre presented in the 9/9/85 memo. Please note that <br />th~s $4125/net acre would build the collector street in <br />it~ entirety. In other words, if a developer paid us <br />th~s, the City would build the entire c611ector street <br />atlno further cost to the developer. The alternate tha~ <br />go~ most of our discussion last week was a variation on <br />th~s: The developer would be responsible to build any <br />required collector streets in his subdivision to residen- <br />tial standards. Any cost beyond that would be credited <br />against development fees· The remaining collector street <br />co~'ts.~ to be offset against fees then becomes $56 per <br />l~near foot. ' <br /> Gross <br /> 5280' x $56 per foot : 160;GrOss = $1848/Acre <br /> · 'Acres <br /> <br />Using the 80% net to gross ratio gives:. <br /> <br />$1848/~ross Acre ~ 80% = $2,310/Net Acre <br /> <br /> <br />