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MEMORANDUM July 15, 1970 1~4 I; H O 'FO: Ramsey Township Board of Equal iza"cion HENO FROH: Hr. Pahrick Roche SIIBJEC;T: Oak Terrace Es"ca"ces, Board ot~ Equal iza"cion [learin9 The 'FirsL poinh I would Iike "co make is ~ha~c hhe Oak Terrace park, [coaLed ah plah 89324 parcel 4400, is "chah "chis is a park which currenhly and 'For Che ~u~ure is being lef¢ behind in Che mobile home business. The size of the park, 6.75 acres, and 90 spo"cs, ~he size o¢ ~he spots, 25' by 50', and location wi¢hin Che counhy all place ~his park on a di-Fferen~ ?inancial plane ~han mobile home parks in genera I , Blaine, which is a hypical park is 79.33 acres wi"ch 508 spots which are an average o'F 50' by 80'. The pa"cios ot2 hhese parks respec"cively is 5' by 15' versus lO' by 40'. lhe Blaine park charges $70.00 and more ~,~hi lo Oak Terrace is $50.00 and less per spo"c. The relat;ive assessmenh values ape $2056.00 pep spo"c ag Oak Terrace compared "co .~oa8 CO ag Blaine. The above i"cems show "cha"c Oak Terrace is From 5f3G ho 400 ~ less valuable hhan "che Blaine park, yet:, "chere is; only approximohely 35~ less "co"cai value placed upon each spoh. The second category ot: excessive valua"cion of "che land. The presen"c valua"cion is based upon a valuahion of $5OO.00 per spoh for 91 spots. 1his exceeds hhe per acre valua"cion of similar land in hhe area, The land should be valued on an acre hasis no"c more "char $6,500.OO an acre. In general all o'F hhe improvemen"cs a"c Oak Terrace cos"c less go inshall and are less valuable because o1~ "che small size of "che lo"cs. There are less fee"c of wire, conduih, pipe and sewer, and so for"ch. I"C is our posihion "chah a 15~o reduchion in improve- menh va I uo~c i on or a "co"ca i va I ua~ i on reduct~ i on of