Agenda - Council - 10/22/1985 - Laserfiche WebLink

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many of the~e subie~.iue fac~o~ e~ thc a~ove foc~c,~ wou~d )~e~ b~s~; o~h~ no~lu~,~t, third-li~; ~ub~ban ce~un~es wo~d be next and f~/t~ ~n~ co~u~i~ wo~d be the ~east lik~y of provzd<)~g v~id ~es~. Th~efo.~e, w~h o~ p~n~ing experience ~ the mc~epo~L~n cn ~e~l flor confab(on b~ the Ad Hoc Cemm~ee... We .~ecommend th~ you eo~dd~ choosing ~ leto( ~vo or tl~ee a%e~ of ~se~ o~ide the a~s~ed ~pact ~%~ for comp~6on w~h ~fie home~ in the ~pa~ the oth~ comm~~. The planning process will be to: I. Prepare a ¢omprehensZve list of ¢omp~2on facto.~s. 2. Select hom~s valued at $67,000, $80,000 and $100,000 witl~n ~e defined impact area (base study g~oup}. 3. De~ermine the appLLcab£e comparison factors from the LLst in No. I above for each value /tome. 4. Select hom~ in each of the selected communigies that meet the same comparison factor2 a~ the selected ba~e study group of tI~ee hom~. Use recent "Sold ~ket Reports," published by the Board of Realtors, to assist in finding comparable homes and to give realistic market values for the homes ~elected. 5. Verify comparabil~y by field checking ~ected homes. Planners and assessors will aL3o be eo~acted in each of the eommun~es to assist in the home se~ec~Lon proems. Pltotos of all homes selected for comparison will doctonent the choices. Bar grap~s and tables will grapI~cally and numeric .a~ly ~llustrale the regatZve v~ues measured agaG~t the base .~tudy ~%oup. A brief text wiLL further explain tlte methodo£ofly and conclusio,2. In th~s eomparg~on of existing &cellingb, there w(ll be a ~etal of 15 homes to be .selected, researched and doctune~ed. Although the foL~owZng graph shows four commu~LLies to be compared with Ramsey, in Ramsey, the premi~ .Ls that one site tcitI~n the impact area wi/1 be compared with four oilier s Ltes a~ discussed above. RNqSE¥ COI~14UNITY I CCIqHuNITlt 2 CC~I"~uHITY 3 C~UNllv 4 DEVELOP[0 ~ESIOERT IAL v~u[ VALUE ~ ~LU[ t~ ~LU[ -,~* VALUE ~ .Comparable to ~a~ey v41~ S ~,~ I I I 7