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75A - PH - RESO CONDEMNATION 1501 N BRISTOL
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75A - PH - RESO CONDEMNATION 1501 N BRISTOL
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Last modified
1/29/2015 1:46:34 PM
Creation date
1/29/2015 1:39:58 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
75A
Date
2/3/2015
Destruction Year
2020
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SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) <br />Value of Parent Property, Before Taking: (Continued) <br />Land: <br />Roadway area: <br />4,550 SF @ $45.001 = <br />$204,750 <br />Improvements within roadway area: <br />Portion of main building: <br />588 SF @ $ 175.002 x <br />83%' _ <br />$85,407 <br />Concrete paving: <br />288 SF @ $ 8.952 x <br />83 %' = <br />2,139 <br />Asphalt paving: <br />1,870 SF @ $ 6.752 x <br />83 %5 = <br />10,477 <br />Concrete curbing: <br />810 LF @ $ 18.502 x <br />83 %' = <br />12,438 <br />Parking sign: <br />3 qty. @ $ 1,150.002 x <br />83 %' = <br />2,864 <br />Metal frame light standards: <br />2 qty. @ $ 2,250.002 x <br />83 %' = <br />3,735 <br />Monument sign: <br />I qty. @ $18,500.002 x <br />83 %' = <br />15,355 <br />Parking spaces: <br />14 qty. @ $ 15.002 x <br />83% ' = <br />174 <br />Flag pole: <br />1 qty. @ $ 1,650.002 x <br />83 %' = <br />1,370 <br />Irrigation system: <br />4,750 SF @ $ 1.152 x <br />83 %' = <br />4,534 <br />Landscaped area: <br />4,750 SF @ $ 6.50' = <br />30,875 <br />Subtotal, improvements: <br />169,368 <br />Total value of part taken (land, improvements): <br />$374,118 <br />Unencumbered fee simple value of the subject underlying land parcel <br />z Replacement cost new, inclusive of direct costs, indirect costs and entrepreneurial profit <br />' Accrued depreciation based on an effective age of 5 years, and remaining life of 30 years, or (5/30) 17 %, <br />reciprocal employed above <br />'Estimated value of landscape improvements based on their contributory benefit to the existing parent <br />development <br />75A -19 <br />
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