HomeMy WebLinkAboutA020 - Memo from City Assessor with estimated values of Somerset properties .. e
515 Clark Avenue
City Assessor Ames,Iowa 50010
- Phone (515)239-5370
Fax (515)239-5376
r, ple
Qu 1 y Programs
F—plional Service
DATE: November 16, 2000
TO: Mark Reinig, Planning &Housing
FROM: Richard Horn, City Assessor
RE: Somerset Village Tax Abatement
You requested estimates of the value that may be eligible for abatement in Somerset. The attached
spreadsheet titled SOMERSET: PROPOSED URBAN REVIT. AREA estimates the values
using these criteria:
■ Values are estimated for January 1, 2001, rounded to the nearest$100. The rollback
percentages are for the 2000 assessment; future years are unknown. Values and rollback
adjustments may be higher or lower in future years. Actual abatements will be based on the
increase in building value on the assessment date.
■ The actual size, quality, and functionality of the structures may vary from these assumptions.
Building style, size, quality, and functionality are based on estimates using similar buildings
already constructed in the subdivision, other parts of Ames, and the materials you provided.
■ Values shown are improvement values including garages,parking and driveways. Land values
are not subject to the revitalization program and were not included in the estimated value.
■ Village Cottages are detached houses with variable lot sizes from 30' frontage up to 50'
frontage. None have been built, but conventional designs would be difficult to fit on less than
50' lot frontages. The number estimated to be built was based on the maximum lot size, and
minimum possible number of structures. The cottages were assumed to be smaller than
average detached houses in the subdivision.
■ Commercial lots assumed to be one-story retail structures built to cover 90% of the buildable
lot area. The number of lots was estimated at 37 and the value calculated based on an average
size. Commercial parking is in shared-use outlots and not considered eligible for abatement.
Prices are for average retail use; restaurants or franchise buildings would be higher value, and
office uses would not be eligible for abatement. 2nd floor apartments would also add value.
■ Certain multi-family lots may have foundations and partial building improvements present
when the abatement is approved. The value of these improvements would be deducted from
the amount eligible for abatement.
■ It is assumed that the multi-family structures will not be designated as condominiums.
Conversion of apartments to condominium ownership changes the classification of individual
units from commercial to residential. The rollback percentage is much less for residential
value than commercial value. Residential condominium units usually have higher market
values, which partially offsets the tax savings due to the rollback.
■ The data in the spreadsheets is estimated based on the best information available to me today.
CAWINDOWSUEMMsomerset m0011.DOC
*- o_ O O O o o O O O O O O Cl O O O_ O o O O
M (O r� O O f, M M r- M CD 'It O N (D 'Kj- N O
(o (O Ln f, Cl! .-- � � M O CA 'lq CM M 00 N CA d I� LI> p
CO C x E O Co d' N Cl) Ln (O w Cl) (D r- N 'Kt v Ln (D N N O N
E ~ CO y 00 c) N Lo -t 0) 0) Lo -t � _ (o Lo Lo co N (D (o r
CEO U? 64 69 69 63 'IT61) T 69 N 69 _It N 69 Ln r
y Q ER 6s EA 63 6.3 64 to 64 69 V3 rj
W M a 69
.O i O O O O O O O O O O O O O O O O O O O O O
p_
f- N 0) CD O CY) (.0 (D 0) N co O f- f- It N ao -cr a) oc N Ln Ln (O f� v_ N � 0 r(O C'! o *- N O (D oc Ln 00
i O (O N_ " I- d' Ln N 'ITco 0) 0 � 00 Ln N N CDf- Co
E m Ln N CO CD Ln v M N 00 v f- N co Ln
1"yA tx0 D N 6S 69 6s 69 69 69 64 - Ei? Efl 63 Ef3 69 Cfl CO 69 69 - O
W 0Vy
O O O O O O O O O O O O O O O O O O O O
O O O O O O O O y O O O O O O O O O O O O d Y d_ 00 O N M N •r _Ln O O (o M co M (D It Co O r
*' d V O C) i- (D (o O O O O N Ln N C'') N LA Ln (o M
!O a O C4 O O O n Ln o) Ln M O f� N N (o O Ln r
x = � V 66R � N Ln 0 It O Cl) N � v N 63 O Ln
y Ca O
W F- i 69 69 69 69 69 W 69 69 w 69 69 m
d O O O O O O O O O O O O O O O O O O O O
p O O O O O O O O O O O O O O O O O O O O
y � T Ln I- CD C N (O O r Cl O O w C' c O N (o (O Ln
M Ln O o) CO Cn v O O O N Ln N co N Ln Ln (o Co
+y+ Cl) O Ln co O IT r- O Ln Cl) O Il- N N CO O Ln LO
o O r- Ln O O O O r CO M f- 00 (D O It It r CO Cl)
o _ _ _ _ _ _
y CD 69 64 69 63 69 69 69 6o 63 fa 69 64 6q E-A
Q W T
W
y O O O O O O O O O O O O O O O O O O O
O O O O O O O O O O O O O O O O
0') C'M T M O .- O O 00 N C' Vt (D V 00 00
Z CO > V r- r� co 00 D) O O O It N co M Ln N
O 'T 'IT V 00 00 Ln I- M O) Ln 'IT Ln (0N (0 Ln r-
_ o W 64 63 •7 (D IT Cl) f- (o 'IT It It M
y O Cfl 63 63 69 ER Efl 63 _ 69 Ef1 69 69 N N 69 63 V
Q W O 64 to 69 69
N r
J U) Cl)f- N O N N O .- co N It N N � � O
Q -0N (� N (A
H J O
U)
C1 O (0 (D N N (D O 00 00 Ln O O I- O r O Ln U)
W 'C 0) � 00 00 00 CY) CA 00 r i- Ln Ln (o (0 Ln Ln (D Ln (o O (D N
Z m R Q 69 (a 69 6s 69 6) 6`1 69 64 (a (& 69 69 EA 6% 60 64 Cry U)
y
Q lL Q.
M U
Y -o � � � -o - � o - o
V o 0 o o 0 0 0 0 0 0 0 0 0 0 0 0 0 o U)W M M co CO co M M M O O O O O O O O O O O y
Q .Q o O (D O (D 6 (O (D O O O O O O O O O O O O E
W O Ln Ln Ln Ln Ln Ln Ln Ln O O O O O O O O O O O a
O m
a 5 5 F �
•. C.) C.) 0 0 d
O C y c c .c .c c cc C 0) O O fU d N N N N O 0) !LO
GCL. w oo_ a CD a a E E E E E E E E E E E aai
F- a E E E E E E E E E E E ..
k a _O O O O O O ClO O O O O O Ln Cl ClN O O
r r CD (D Ln M 00 Ln O O 00 O O Ln O Ln 00 V'
W O CO O a) r r r o) D) 00 (D co It O co CD M Cl) Nr Cl) 00 (D
0. j m N T 00 M � Ln N O CO N Ov Ln N
Naa
C o6 > 7 7 7 d o6 C
o C y Q y U) U) ` c E ro C C C a
v C o > o y c c Y �o co Y Y Y Q off c 0 c � -o
0 3 a Q .N N O y 0 0 0 C O Q C c c Q O c O c 0 o2s c 0 C O O L
J N m CE c) CD m O O N 'N Y 0 7 N coo- (D 'N y 'N '= 0 '= (D (D U) � U) 0 m O
UCnY 6U) coUU co om2mwQ Y m` Qm m < cn Y Y QU < z
N m od Q E N LU o2S o2S
o y y m N co U N Ln m .- O O "T a co a) co
o. a) N >, >, >, v c 2, Q Q E Q Q - Q m o m c E E
0 co N -o L i0 o a LD o o a -p o o) E o o
y a o X a) a) 3 `� m `° m o m E m N m m o m ll p O o
d N (D x X N . O O O O C d 1 O
N O T C
X X E E E O o O y r N « -p r c *- O .y. o � -O •L6
O E E to in in C C y C r C O c c C M C O C c 0) ++ y
y y r N O) 7 CV O CD o 0) d r- a) L,N y -a O) co N -a a) R
p_ y y H O m N d E .� E r E E E E ° E a) E a) N E r m
y H COO COO y y y r r- r 00 r y r E N E 'C L, r .c E -- c0 ' o
~ 7 7 0 4) N d t0 E CO > A �' CO CO N CO 'O CO M -p CO N W 7 O CO {4
rn O O 2 6 o y E E a o c.r- 0. 0 a c.00 O..n CL a� a O a •�
c 2 2 U U 0 c o O Q oaNa ya oamQNQ � N aNQ Z' a a o L
p d d N d y O 2 2 3 0 O C C CV C y C C Ln C C C 0) C in N y
01 C71 C to 01 S E C C 2 C) a) 0) 0) CD d (D LCj 0) CV N d N y L d N E
m �o m m 3 Cl) 3 3a 2 � a o 'om oN � mv � a � _ -a o a � N E :° o
> > V > > OC � H H co > OD (� C60C\T 0m0NC) Z50 'T v) 0co0 (SVU H
a
Somerset Subdivisi n Somerset Subdivision
--- -- --- --
UY
os
o°e
Ptarhon Nit Included in POM, n NOt Included 1n
Urban Revue Area lrban
Re wit Area
.
0
3
CC I:I.....L.:t:LLt:�I....L.ttt��Lt,I�L-ttL:.IIt:II:..:4:Z�.,,I.::I:�:..:i::LL..::tjt4..:i:LL.II.::tn�:..:::ZL
,, ,.ZII.....Z::L:LLL'II.L..tt:t'n—LLLL�I......:Z��LL":I..L..:Z:LLLLL......:tL'LLL,.....:t.'—=nLL...r.:..L2L I....:Z:.n�L�I:...rtZL.LLL....:..n��LLL,.I.rr..;...L....t...:=nnL�....r.r.nLL.......nLL:�...:...nnL...t;r.nL:.......L�nLL
,II111,I�II,I.�'j.�r:�III.]i.�..1I,I.II::,'.:.�L I,I.II�:LL.:..:�L 11I�..'I��..:..:L 1I.I�,....r.�L,II..,,.r:LL,III��I..:..:�II�:I.:..':L I,I.:.r:LL'I.:..:L I.:r.Ln,'II.:..:L I,.:..:'I.:..:LLL�I.:.L:�L,.LLL
,'I,:...:.:.r'.LLL.III:...:.:..L.L.,II.:...:.:..'.',.II.:..L:L:..'LLL.II.:..':L:.rLL.L,I,.:..':L:...I,IIr.:..L:':.rrL,,.:..':L:..:L,I.r.:..L':.r:,I....:.'::n.:L:LL I....:.'::L:L:LL.'....:.':n:L:LLL�I..r..::::.:'''LL i.....:.'n:�.:L:L:.....:.Ln:.�L�:.....:.LL:.LLLL,.....�.n:.:':LL I....:L.::LLL�:.....:I.'L�L�LLLn2:.....:.LL:L:LLL.I'......:.L:L�LLLLL.�.....:��L:LL I.:I....,LLL�LLL:I....�rrZLZL,L:I�I....;'nL,LZ...�I....,:.nLL;',....-.,:L:L.L.:,'.::..::4.rL��nnLL:44..�:..::,.,.L::.L,��.�:..::1..:nnn.n�.I.�:..::...L.n,r I��..::..rL�n..�.t"=.��..::1..LLrL.::2L.1�..::�...LnnrttZ:.��..:::..rL,��tr�A�..:::..r��tr::;r ttAjj..::�...,LLZ,22Z.1i.j..::�...,.:rZZ.r.j..::....LL�.nnrrtF��.1�..:��"..rL�,.r.�A"..:��.r..LL�.LL:.�..,,,�Z...,I:.22..ZZL'II..:::,".....ZZLL,,..i'.I;�L.::�:..Z.L..'.I::L.::t.:..r:�.t,-L'.::!::....,rttL...1�'.:::�:...Z.';;LL,...'L.''n::..r;rL.I.'..::::...:r..LL..IL..ZZZ::..r;L...'..'....'..:::::.r,;'...I.j'..���:::.r;:::.rr...:L.;;:::...;:.LL
:..r...':2LL...rr.L�Z�LLn:.......:ttn:
i 1 ..
:,:::'��,:::'L:L�,,�::�LL�:�:L�.:::.LL:.:::.r:LZ,�.�::.;�LI I:::LL''��::.:�:.:::':LL'�:::L.'�:::.L,::::.rr II2I:::.L'L I::L.,.'LLL.I'�',.�,I�L.,I�,I.,,,,.rL..,,,,,..:LL,,I�..:rr:Z:rt�.�:'L:.....rt;..:I:L:......t;;.L�'.I:.r....r.r,II:........r:�:II�.L:......;.rr.,.:.....r::'rr:...:..rr.L.:�'L:...:...r.;r I,:...:L..r.rr,:...:..rr.L IZ:...:..:...rL,,I,:...:..:.r...LL,II,I:...:..:..L II..:...:..:..L''ZIII:...:..:..LLL'LL
::....::::...N:::...:::...::::..::::.:.::::.:.::::.:.::::.:.::::.:.::::.:.::4:.:.::::.:.:Z:j.:.::i2.:.:4j.:.L'�2�.:.::i.::t1�.:�1:��::�t2'::::I:::::2:I:�:�j4:I::!:1j'jjI�:IL j�I,2:t:I:j!t IjI:.tr:.I�FZ:7j1:jt:�7':Zt�j.:�Z.L�:�Itt�:::Zt:r 12rr.:t Itr.rt I,Zt.::I-Zt.t�.::7t.t...;,::r.;�:..:':rrL.�..L:..Lr.�.....-...........'..L...'L..rLL:.rL'..L.L'L.:��.LL LL':LL L''L LL 11.II.Z.:�t�:LLL,.II..;...�ZZ.�:L.I.I.:..�2n.LLLLLL.II...r.:�:::LnL.:II....:ZZt.:�L.II......2Zt.�LL�L.III...ttt:t.:LLLL.......t��.LLLL.�......:�t�.�:LLL''I.....r:tZt.�nLL.ZI.....::��ZL�L
..r..:;rLL=Z:�L.....t.LnL�:...:..'nL:.....rL:nn,.....rL:�LLL
,...rrr.�tt�L�,,.........Z:tt�Lt......rr.t2Z2tLt
...:ji.:..:i:ZLL.�LL.�LI.:::1it..:t:LLL',.Ija1tZ..:i:t I,'I.t:i:t:..::�
ILL
..L,.%1-m::Z.:t:.,II-%:tt::":Z
M.1wtZ.U:::.I.:nt�.:it:,I.tt!.lli..
. 8 j 2 6
7 8 9 10 11 12 Q
15 14 13
04 r....r.r.........L
ASPEN RD 1 n 19
18
J i zs 21
26 25 22 19 20 2q
SL L L i
i_30 29 28
. �' 61
�r ,�,,� __
r-
27
_=
-
97
r ,
___ _ _ r/ + _I_____ ____ ____
536
> Pni rbQn E'k5�A4 ll' Li ( In s . .... �'' �',,,ri 4s 44 x {fp
W, 1r art I�BVMt@ area ; ' ' j o 48
86
"i''" ��
i.
___
3 O 1�
O 65 " --- y sz s
W t1
____
O e1 --
2 ... ....:.-. 71 is
O C ,, 5
T o ;. 70
e... eo
0' 56 (7 75 {0
1 81 Z 78 88 76
_ 1 89 R
---- 89 Z 88 ;; 72 9 87
} 92
1' 1z .-Im 111 gRI. LOR 98 2� na
82 _ BRISTOL DR = , 115 9� ' 97
155 �i '� 142 'M 1141 ' 117 1941� 139 e.
-1.7 _
9 O 1aa �O 158 CHESTER DR
O/ 187 O 1s1 159 160
pL. 118 74 Q`JL784,L v f 17U 186 18.9 188 165
�O Ll
D ns 172 179 DEN p 180
S GAM tee 161
9 2118" m�w 217 193 192 191 1 !
'` 220 HAMPTON ST �5 213 218 219 215 210 208 +207 212 218
®0 z� z31 OIL*4 227 O i�b 209 21 24 zzs 2n , *fi
� �.,,,...,v G�� 233 232 235 �'� :
,11
__- _ aosers et Subdivision
- ED:]
I F-
Somerset - Urban Revitalization Area
Somerset Urban Revitalization Area N
Somerset Subdivision Boundary
W Urban Revitalization Area #7 w E
Not Included In Somerset Urban Revite Area s
3 Map Reference Number (See Attachment)
Prepared by the Department of Planning and Housing 200 0 200 Feet
Map prepared: 11212000