10-7-3: APPENDIX III:

   A.   Table A, Fair Market Value:

   Calculating Fair Market Value

   Based On Lot Size And Amount Of Land Used For Infrastructure

   Fair Market Value = Present cost of lot in Waterman x lots per acre (infrastructure factored in) x 50%

Average Lot Size Of Development		Lots Per Acre If Infrastructure 10%	Fair Market Value	Lots Per Acre If Infrastructure 15%	Fair Market Value	Lots Per Acre If Infrastructure 20%	Fair Market Value	Lots Per Acre If Infrastructure 25%	Fair Market Value
12,000		3.27	$65,340	3.09	$61,710	2.90	$58,080	2.72	$54,450
11,500		3.41	68,181	3.22	64,393	3.03	60,605	2.84	56,817
11,000		3.56	71,280	3.37	67,320	3.17	63,360	2.97	59,400
10,500		3.73	74,674	3.53	70,526	3.32	66,377	3.11	62,229
10,000		3.92	78,408	3.70	74,052	3.48	69,696	3.27	65,340
9,500		4.13	82,535	3.90	77,949	3.67	73,364	3.44	68,779
9,000		4.36	87,120	4.11	82,280	3.87	77,440	3.63	72,600
8,500		4.61	92,245	4.36	87,120	4.10	81,995	3.84	76,871

 

 

	Sq. Ft./Acre = 43,560
% Used For Infrastructure	Sq. Ft. Used For Infrastructure		Sq. Ft. Available For Building			Lots Sold In Waterman In 2003
10	4,356		39,204			$42,000.00
15	6,534		37,026			40,000.00
20	8,712		34,848			38,000.00
25	10,890		32,670		Average	40,000.00

 

Example:

Development lot size = 9,000 square feet

20% used for infrastructure

43,560 - 8,712 (20%) = 34,848

34,848/9,000 = 3.87 lots/acre

$40,000 cost of lot in Waterman

$40,000 x 3.87 x 0.5 = $77,440.00

   B.   Table B, Estimated Ultimate Population:

   TABLE OF ESTIMATED ULTIMATE POPULATION PER DWELLING UNIT

	Children Per Unit
Type Of Unit	Preschool 0-4 Years	Elementary Grades K-5 5-10 Years	Middle School Grades 6-8 11-13 Years	Total K-8 5-13 Years	High School Grades 9-12 14-17 Years	Adults 18 Years And Over	Total Per Dwelling Unit
Detached single-family:
2 bedroom	0.113	0.136	0.048	0.184	0.02	1.7	2.017
3 bedroom	0.292	0.369	0.173	0.542	0.184	1.881	2.899
4 bedroom	0.418	0.53	0.298	0.828	0.36	2.158	3.764
5 bedroom	0.283	0.345	0.248	0.593	0.3	2.594	3.77
Attached single-family:
1 bedroom	0	0	0	0	0	1.193	1.193
2 bedroom	0.064	0.088	0.048	0.136	0.038	1.752	1.99
3 bedroom	0.212	0.234	0.058	0.292	0.059	1.829	2.392
4 bedroom	0.323	0.322	0.154	0.476	0.173	2.173	3.145
Apartments:
Efficiency	0	0	0	0	0	1.294	1.294
1 bedroom	0	0.002	0.001	0.003	0.001	1.754	1.758
2 bedroom	0.047	0.086	0.042	0.128	0.046	1.693	1.914
3 bedroom	0.052	0.234	0.123	0.357	0.118	2.526	3.053

 

Note: There are only 3 significant categories provided in this chart. Because of the similarity of yields of all types of attached single-family dwelling units, only 1 category is provided. The same is true with apartments; thus, only 1 category. Because of the relatively short history of some newer types of detached and attached single-family units, individual evaluations may be necessary.

   C.   Table C, Base School Population And Site Size:

   TABLE OF BASE SCHOOL POPULATION AND SITE SIZE

 

School Classification By Grades	I Maximum Number Of Students For Each Such School Classification	II Maximum Number Acres Of Land For Each School Site Of Such Classification	III Maximum Number Acres Of Land Number Acres Of Land Per Student For Each School Classification
Elementary schools grades - kindergarten through 5th (K-5)	600 students	13 acres	0.02167
Middle schools, grades 6th through 8th (6-8)	900 students	24 acres	0.02667
High schools, grades 9th through 12th (9-12)	2,300 students	48 acres	0.02087

 

Note: These figures are from the state superintendent's office.

D.   Table D, School Capital Improvement Contribution:

   SCHOOL CAPITAL IMPROVEMENT CONTRIBUTION

Dwelling Type		Bedrooms		Contribution*
Detached single-family		2		$ 857.00
Detached single-family		3		3,304.00
Detached single-family		4		5,557.00
Detached single-family		5		4,275.00
Attached single-family		2		787.00
Attached single-family		3		1,496.00
Attached single-family		4		2,971.00

 

* Rounded to the nearest dollar

   CALCULATING NEW SCHOOL CONSTRUCTION CONTRIBUTION

 

School Type	Sq. Ft. Per Student	Cost Per Sq. Ft.		Regional Adjustment Factor	Adjusted Cost Per Sq. Ft.
Elementary school	100	$ 92.60		0.99	$ 9,167.40
Middle school	120	105.43		0.99	12,525.08
High school	140	106.25		0.99	14,726.25

 

	Elementary		Middle School		High School		Total (Sum Of 3 Costs)	Contribution (Total x 0.40)
Dwelling Type	Students*/ Dwelling	Cost Per Dwelling	Students*/ Dwelling	Cost Per Dwelling	Students*/ Dwelling	Cost Per Dwelling
Detached dwelling unit:
2 bedroom	0.136	$1,246.77	0.048	$ 601.20	0.020	$ 294.53	$ 2,142.50	$ 857.00
3 bedroom	0.369	3,382.77	0.173	2,166.84	0.184	2,709.63	8,259.24	3,303.70
4 bedroom	0.530	4,858.72	0.298	3,732.48	0.360	5,301.45	13,892.65	5,557.06
5 bedroom	0.345	3,162.75	0.248	3,106.22	0.300	4,417.88	10,686.85	4,274.74
Attached dwelling unit (duplex):
2 bedroom	0.088	806.73	0.048	601.20	0.038	559.60	1,967.53	787.01
3 bedroom	0.234	2,145.17	0.058	726.45	0.059	868.85	3,740.48	1,496.19
4 bedroom	0.322	2,951.90	0.154	1,928.86	0.173	2,547.64	7,428.41	2,971.36

 

Cost per dwelling = students per dwelling times adjusted cost per square foot

*From Table Of Estimated Ultimate Population Per Dwelling Unit

Square foot per student, cost per square foot and regional adjustment factor provided by the Indian Creek school district; 0.4 multiplier determined by the village board.

E.   Work Sheet For Calculating Land To Be Contributed For Schools:

Elementary School	(A)	(B)	(C)	(D)
Type Of Unit	Units Planned	Children Per Unit Table B	Total Children Per Type (A x B)	Use Table C Base School Population And Site Size
Detached single-family 2 bedroom
Detached single-family 3 bedroom
Detached single-family 4 bedroom				Maximum
Detached single-family 5 bedroom				number of
Attached single-family 2 bedroom				acres of land
Attached single-family 3 bedroom				per student for	Total
Attached single-family 4 bedroom				each school	acres
Apartments 1 bedroom				classification	elementary
Apartments 2 bedroom				from table	school
Apartments 3 bedroom				column III	(C x D)
Total children for elementary school

 

Middle School	(A)	(B)	(C)	(D)
Type Of Unit	Units Planned	Children Per Unit Table B	Total Children Per Type (A x B)	Use Table C Base School Population And Site Size
Detached single-family 2 bedroom
Detached single-family 3 bedroom
Detached single-family 4 bedroom				Maximum
Detached single-family 5 bedroom				number of
Attached single-family 2 bedroom				acres of land
Attached single-family 3 bedroom				per student for	Total
Attached single-family 4 bedroom				each school	acres
Apartments 1 bedroom				classification	middle
Apartments 2 bedroom				from table	school
Apartments 3 bedroom				column III	(C x D)
Total children for middle school

 

High School	(A)	(B)	(C)	(D)
Type Of Unit	Units Planned	Children Per Unit Table B	Total Children Per Type (A x B)	Use Table C Base School Population And Site Size
Detached single-family 2 bedroom
Detached single-family 3 bedroom
Detached single-family 4 bedroom				Maximum
Detached single-family 5 bedroom				number of
Attached single-family 2 bedroom				acres of land
Attached single-family 3 bedroom				per student for	Total
Attached single-family 4 bedroom				each school	acres
Apartments 1 bedroom				classification	high
Apartments 2 bedroom				from table	school
Apartments 3 bedroom				column III	(C x D)
Total children for high school
Total acres to be dedicated, sum of elementary, middle and high schools

 

   F.   Summary Of Contributions Required By The Developer:

      1.   School Land Contributions (subsection 10-6-5A1 of this title):

         Use worksheet E in this appendix III

         Use table B to determine population

         Use table C for calculating land required

      2.   Park Land Contribution (subsection 10-6-5G of this title):

         10 acres per 1,000 persons

      3.   Cash In Lieu Of Land (section 10-6-6 of this title):

         Use table A to calculate fair market value

      4.   School Capitol Improvement (section 10-6-8 of this title):

         Use table D, amount in column 3 is for a single-family dwelling unit

(1999 Code ch. 10, appendix III; amd. 2005 Code)