04-7: Attachment 5 - Mitigation Calculation — original pdf

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ATTACHMENT "A" - M.O.U. MITIGATION FEES CALCULATION WORKSHEET - SUMMARY Mitigation Worksheet Summary Project: Park: Requesting Department: MOU #: IH-35 CapEx - East Ave - Waller Beach Waller Beach at Town Lake Metro Park Austin Water 26-002 Use Type Permanent Use Temporary Use TOTAL Credit for Park Improvements TOTAL Calculated Fee $955,964 $99,476 $1,055,440 $0 $1,055,440 Mitigation Worksheet for Permanent Use Project: Park: Requesting Department: MOU #: IH-35 CapEx - East Ave - Waller Beach Waller Beach at Town Lake Metro Park Austin Water 26-002 Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Wastewater Permanent Use (sq. ft.): 5,980 Submitted by Requesting Department/Entity Preliminary Mitigation Value ($): $2,549,235 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 35.00% Based on limitations on future development for that portion of parkland (see table below) Park Use Factor (%): 0.00% Based on the recreational or park value of the proposed use. Final Mitigation Value ($): $ 892,233 Preliminary Mitigation Value multiplied by the Disturbance Value Percentage of Fee 10% 25% 35% 50% 65% 75% 90% 100% Comments Nominal effect on use and utility 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 Disturbance Values Example Uses Small subsurface water or sewer line 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 Project: Park: Requesting Department: MOU #: IH-35 CapEx - East Ave - Waller Beach Waller Beach at Town Lake Metro Park Austin Water 26-002 Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Subterranean Wastewater Permanent Use (sq. ft.): 1,495 Submitted by Requesting Department/Entity Preliminary Mitigation Value ($): $637,309 Requested Area multiplied by the Value per Square Foot Disturbance Value (%): 10.00% Based on limitations on future development for that portion of parkland (see table below) Park Use Factor (%): 0.00% Based on the recreational or park value of the proposed use. Final Mitigation Value ($): $ 63,731 Preliminary Mitigation Value multiplied by the Disturbance Value Percentage of Fee 10% 25% 35% 50% 65% 75% 90% 100% Comments Nominal effect on use and utility 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 Disturbance Values Example Uses Small subsurface water or sewer line 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: Park: Requesting Department: MOU #: IH-35 CapEx - East Ave - Waller Beach Waller Beach at Town Lake Metro Park Austin Water 26-002 Geographic Area Code DT Identified by requested area site geography Average Value per Square Foot. ($): $426.29 Calculated by Geographic Area average Requested Area (sq. ft.): 3,590 Submitted by Requesting Department/Entity Preliminary Annual Value of Requested Area ($): $1,530,393.39 Area requested multiplied by Value per Square Foot Adjusted Annual Value of Requested Area ($): $229,559.01 (15% Rate of Return) Monthly Annual Value of Requested Area ($): $19,129.92 Adjusted Annual Value divided by 12 Daily Temporary Use Rate ($): $637.66 Monthly Value divided by 30 (average number of days in a month) Days Requested: 156 Submitted by Requesting Department/Entity Final Temporary Mitigation Value ($): $99,476 Daily Temporary Use Rate multiplied by Days Requested Area Code 2 3 4 5 6 7 9 11 10N 10S 1A 1B 1N 2N 3E 5E 8E 8W CLS_Williamson DT HH_Hays LN LS MA N N_Williamson NE NW NW_Williamson PF RN RRW_Williamson SC SE SWE SWW UT W Average Value Per Acre Average Value Per SF $1,973,184.05 $2,085,860.02 $2,501,233.56 $2,236,517.72 $2,868,940.51 $7,962,102.77 $1,096,571.89 $583,427.72 $1,455,406.08 $1,312,654.71 $1,715,038.08 $4,153,945.68 $1,286,241.70 $863,309.37 $681,370.04 $485,557.44 $2,459,786.29 $1,745,362.60 $1,230,799.45 $18,577,460.35 $57,767.70 $631,493.94 $1,524,818.28 $414,983.11 $897,449.29 $575,899.32 $565,020.05 $1,335,495.83 $894,429.69 $651,637.33 $961,357.18 $716,466.44 $344,735.21 $283,017.08 $922,448.98 $1,311,782.79 $18,466,860.52 $912,982.73 $45.30 $47.89 $57.42 $51.34 $65.89 $182.76 $25.18 $13.39 $33.41 $30.13 $39.37 $95.36 $29.53 $19.82 $15.64 $11.15 $56.47 $40.07 $28.26 $426.29 $1.33 $14.50 $35.01 $9.53 $20.60 $13.22 $12.97 $30.66 $20.53 $14.96 $22.07 $16.45 $7.91 $6.50 $21.18 $30.11 $423.93 $20.96