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
|
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 |
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*
|
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 |
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 |
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 |
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 |
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)