03-03: Attachment A - Mitigation Calculation Worksheet — original pdf

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ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET - SUMMARY Permanent Water Shaft Permanent Water Line Permanent Waste/Water Line Temporary Use Calculated Fee $230,817 $166,510 $1,179,149 $321,407 $1,897,883 TOTAL = Project: Requesting Dept: IH-35 CapEx-Cen MLK to Holly St - Palm Park Austin Water MOU # 26-008 Sir Swante Palm Neighborhood Park Mitigation Worksheet for Permanent Use Permanent Use Project: Requesting Department: IH-35 CapEx-Cen MLK to Holly St - Palm Park Austin Water MOU # 26-008 Sir Swante Palm Neighborhood Park Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Requested Area (sq. ft.): 7,903 Submitted by Requesting Department/Entity Preliminary Mitigation Value ($): $3,368,997 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 35.00% Based on limitations on future development for that portion of parkland (see table below) Final Mitigation Value ($): $1,179,149 Preliminary Mitigation Value multiplied by the Disturbance Value Percentage of Fee 10% Comments Nominal effect on use and utility Example Uses Small subsurface water or sewer line DISTURBANCE VALUES 25% 35% 50% 65% 75% 90% 100% Subsurface or air rights that have minimal effect on use and utility Location along a property line or non usable land area Balanced use by both owner and easement holder Some impact on surface use and conveyance of ingress/egress rights Major impact on surface use and conveyance of future uses Severe impact on surface use and conveyance of future uses Permanently dedicated to installation Larger subsurface water or sewer line with minimal impacts on future development Water or sewer line, cable lines or other subsurface use with limited impacts on developable area Water or sewer line, cable lines with exceptions in the DOU allowing parklike amenities Pipelines or other limited surface impacts with maintenance requirements and limited development potential Pipelines, drainage easements, flowage easements that restrict future use Overhead electric, drainage easements, or other use with restrictions on future use ROW or other use with surface impact on parkland Areas within an existing easement or declaration of use are limited to the remaining eligible percentage. Adapted From: Right of Way Magazine "Easement Valuation" Sherwood, May/June 2006. Provided by City of Austin Office of Real Estate Mitigation Worksheet for Permanent Use Permanent Use Project: Requesting Department: IH-35 CapEx-Cen MLK to Holly St - Palm Park Austin Water MOU # 26-008 Sir Swante Palm Neighborhood Park Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Requested Area (sq. ft.): 833 Submitted by Requesting Department/Entity Preliminary Mitigation Value ($): $355,102 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 65.00% Based on limitations on future development for that portion of parkland (see table below) Final Mitigation Value ($): $230,817 Preliminary Mitigation Value multiplied by the Disturbance Value Percentage of Fee 10% Comments Nominal effect on use and utility Example Uses Small subsurface water or sewer line DISTURBANCE VALUES 25% 35% 50% 65% 75% 90% 100% Subsurface or air rights that have minimal effect on use and utility Location along a property line or non usable land area Balanced use by both owner and easement holder Some impact on surface use and conveyance of ingress/egress rights Major impact on surface use and conveyance of future uses Severe impact on surface use and conveyance of future uses Permanently dedicated to installation Larger subsurface water or sewer line with minimal impacts on future development Water or sewer line, cable lines or other subsurface use with limited impacts on developable area Water or sewer line, cable lines with exceptions in the DOU allowing parklike amenities Pipelines or other limited surface impacts with maintenance requirements and limited development potential Pipelines, drainage easements, flowage easements that restrict future use Overhead electric, drainage easements, or other use with restrictions on future use ROW or other use with surface impact on parkland Areas within an existing easement or declaration of use are limited to the remaining eligible percentage. Adapted From: Right of Way Magazine "Easement Valuation" Sherwood, May/June 2006. Provided by City of Austin Office of Real Estate Mitigation Worksheet for Permanent Use Permanent Use Project: Requesting Department: IH-35 CapEx-Cen MLK to Holly St - Palm Park Austin Water MOU # 26-008 Sir Swante Palm Neighborhood Park Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Requested Area (sq. ft.): 1,116 Submitted by Requesting Department/Entity Preliminary Mitigation Value ($): $475,743 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 35.00% Based on limitations on future development for that portion of parkland (see table below) Final Mitigation Value ($): $166,510 Preliminary Mitigation Value multiplied by the Disturbance Value Percentage of Fee 10% Comments Nominal effect on use and utility Example Uses Small subsurface water or sewer line DISTURBANCE VALUES 25% 35% 50% 65% 75% 90% 100% Subsurface or air rights that have minimal effect on use and utility Location along a property line or non usable land area Balanced use by both owner and easement holder Some impact on surface use and conveyance of ingress/egress rights Major impact on surface use and conveyance of future uses Severe impact on surface use and conveyance of future uses Permanently dedicated to installation Larger subsurface water or sewer line with minimal impacts on future development Water or sewer line, cable lines or other subsurface use with limited impacts on developable area Water or sewer line, cable lines with exceptions in the DOU allowing parklike amenities Pipelines or other limited surface impacts with maintenance requirements and limited development potential Pipelines, drainage easements, flowage easements that restrict future use Overhead electric, drainage easements, or other use with restrictions on future use ROW or other use with surface impact on parkland Areas within an existing easement or declaration of use are limited to the remaining eligible percentage. Adapted From: Right of Way Magazine "Easement Valuation" Sherwood, May/June 2006. Provided by City of Austin Office of Real Estate Mitigation Worksheet for Temporary Use Project: IH-35 CapEx-Cen MLK to Holly St - Palm Park MOU # 26-008 Requesting Department: Austin Water Sir Swante Palm Neighborh Geographic Area Code DT Identified by requested area geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Requested Area (sq. ft.): 2,585 Submitted by Requesting Department/Entity Preliminary Annual Value of Requested Area: $1,101,969 Area requested multiplied by Value per Square Foot Adjusted Annual Value of Requested Area: $165,295 (15% Rate of Return) Monthly Annual Value of Requested Area: $13,775 Adjusted Annual Value divided by 12 Daily Temporary Use Rate: $459 Monthly Value divided by 30 (average number of days in a month) Days Requested: 700 Submitted by Requesting Department/Entity Temporary Use Mitigation Value: $321,407 Daily Temporary Use Rate multiplied by Days Requested