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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 />I <br />I <br />! <br />I <br />I <br />I <br /> <br />MEMO <br /> <br />TO: <br /> <br />FROM: <br /> <br />RE: <br /> <br />City Administrator <br /> <br />City f~s scs s or <br /> <br />Land Value as per Size Building Lot <br /> <br />1982 Lamd Value <br /> <br />Sections 1 - 12 <br /> <br />Sections 13 - 24 <br /> <br />Section 25 - 36 <br /> <br />Tillable per Acre <br />Sub Marginal <br /> <br />Tillable per Acre <br />Sub 5~rginal <br /> <br />Tillable per Acre <br />Sub Marginal <br /> <br />$1,000 <br /> 250 <br /> <br /> 1,100 <br /> 250 <br /> <br /> 1,200 <br /> 25O <br /> <br />Building Site Value <br /> <br />1 Acre Open Gravel Streets $6,000 <br />1 Acre Wooded Gravel Streets 6,500 <br />1 Acre Open Blacktop Streets 7,000 <br />1 Acre Wooded Blacktop Streets 7,500 <br />Example: Land value on 2.5 acre lot <br /> 1.5 acre tillable north tier <br /> 1 acre building site blacktopped wooded <br /> Value per acre - $3,600 <br /> Land value on 10 acre lot <br /> <br /> 9 acre tillable north tier <br /> <br /> 1 acre building site blacktopped wooded <br /> <br />Example: <br /> <br />Value per acre - $1,650 <br /> <br />$1,500 <br /> <br /> 7,500 <br /> <br />$9,000 <br /> <br />$9,000 <br />7,500 <br /> <br />$16,500 <br /> <br />This is the formula I am using at this time. If there were a number of 10 <br />acre lots, some adjustment could be made to equalize the per area value to <br />the 2.5 area lots. <br /> <br />/po <br /> <br /> <br />