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08-25-1994
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08-25-1994
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MV City Council
City Council Document Type
City Council Packets
Date
8/25/1994
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Final Keuor t <br /> ( 1 ) the city of Mounds View increases its assessed <br /> valuation , Blaine and Spring Lake Park do not , <br /> ill ( 2 ) fire costs are based on assessed valuation in <br /> the city not on usage , <br /> ( 3 ) fire costs will increase dependent upon the <br /> assessed valuation of the property not the rela— <br /> tive safety of the structure . <br /> Public safety costs are estimated in Appendix J based <br /> on the projections in Appendix H and 1 . Since these <br /> costs are about 75% of the total municipal costs , <br /> estimates of total city expenditures are included . <br /> b . Method 2 : Proportional Valuation <br /> The cost of principal services can also be calcu— <br /> lated using the proportional valuation method . This <br /> method assigns a share of existing municipal service <br /> costs to the nonresidential sector by using propor— <br /> tional valuation based on real property tax estim— <br /> ated market value and refinement coefficients applied <br /> toward local municipal expenditures . ( See Appendix <br /> K. ) Using this technique $500 , 321 is the approximate <br /> service cost of the existing commercial and indus— <br /> trial sectors with the commercial sector accounting <br /> for $444 , 285 and the industrial area demanding $ 56 , 036 <br /> worth of municipal services annually as estimated <br /> • by local official's .. <br /> The commercial and industrial hypothetical develop— <br /> ments suggested in Appendix A would consume 13 . 43 <br /> acres for; the industrial complex , 15 . 67 acres for the <br /> shopping center and 2 . 3 acres for the strip commer— <br /> cial . Current commercial land use is 61 . 7 acres <br /> and 31 . 9 acres is industrial . Appendix L projects two <br /> estimates of the costs of delivery of municipal ser— <br /> vices based on current costs of nonresidential muni— <br /> cipal service . <br /> c-. Case Sr_ndy and Proportional Valuation Data <br /> Table 7 details the data projected by both methods <br /> in order to provide a range of suggested costs . <br /> Table 7 <br /> Municipal Service Costs : Nonresidential <br /> Municipal Costs : <br /> Land Use Case Study Projection* Proportional Valuation Method** <br /> Estimate 1 Estimate 2 <br /> Mix : Commer— <br /> • cial portion $55 , 521 $16 , 562 $ 144 , 020 <br /> Commercial $ 144 , 383 $ 112 , 840 $322 , 533 <br /> • Industrial $35 , 120 $23 , 596 $78 , 696 <br /> * See Appendix J. <br /> ** See Appendix L. <br />
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