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1968-02-21 - Plan Commission - Minutes PLAN COMMISSION MINUTES FEBRUARY 21,1968 REGULAR MEETING ATTENDANCE: E. FABISirs A. STASAL, N. KORTUS, I. M©©RE, H. CINAGLIO, C. GIEBELHAUSEN THE MEETING WAS CALLED TO ORDER AT 8:30 P.M. C. GIEBELHAUSEN MOVED TO APPROVE THE MINUTES OF THE JANUARY 31, 1968 MEETING. N. KORTUS SECONDED. T. FINNEGAN AND A. STASAL ABSTAINED• ALL OTHERS IN FAVOR. T. FINNEGAN NOTED TO APPROVE THE MINUTES OF THE FEBRUARY 7, 1968 MEETING . H. CIMAGLIO SECONDED. ACCEPTED BY VOICE TOTE. C. GIEBELHAUSEN MOVED TO APPROVE R-1 WITH SPECIAL USE TO OPERA TE A REAL ESTATE OFFICE WITH THE STIPULATION THAT THE OWNERS IMMEDIATELY TIE INTO THE MUNICIPAL SANI TART AND WATER SYSTEMS WHEN AVAILABLE. A. STASAL SECONDED• ALL IN FAVOR. A REQUEST FOR A SIGN ON THE CREELEY PROPERTY WAS GIVEN TO THE PLATT COMMITTEE FOR STUDY• H. CIMAGLIO MOVED TO ADJOURN• T. FINNEGAN SECONDED• ALL IN FAVOR* MEETING ADJOURNED AT 9:10 P.M. RESPECTFULLY SUBMITTED, HENRY CIMAGLI0 SECRETARY APPROVED PLAN COST 300 Townhouses 1200 per Townhouse @ $12.00 per sq. ft. $4,320,000 300 Garden Apartments 50% 2 Bedroom & 50% 3 Bedroom at an average of 1000 sq. ft. per dwelling unit @ $12.00 per square foot 3,600,000 Land Value Townhouses @ $2,000 per dwelling unit 600,000 Garden Apartments @ $1,500 per dwelling unit 450,000 $8,970,000 Assessed Valuation @ 55% $4,933,000 Population 300 - 3 and 4 Bedroom Townhouses Average No, school age students 2.0 600 300 Garden Apts. 2 & 3 bdrms. Average No. school age students .5 150 • 750 Assessed valuation per student $6,500.00 V PROPOSED PLAN COST 1100 Garden Apartments 660 - 2 Bedroom Units 440 - I Bedroom Units Average - 800 Sq. Ft. per Dwelling Unit @ $12.00 per Sq. Ft. $10,560,000 Land Value 1100 Dwelling Units @ $1,500.00 each 12,210,000 Assessed Valuation @ 55% 6,715,500 Population 660 - 2 Bedroom Units @ .22 school age students per dwelling unit 145 440 - I Bedroom Units @ .05 school age students per dwelling unit 22 167 Assessed Valuation per student $ 40,200 I SINGLE FAMILY DEVELOPMENT Single Family Development COST 3.6 Dwelling Units Per Acre 68 Acres = 244 Dwelling Units 244 Dwelling Units @ $30,000 = $7,320,000 Population 244 Dwelling Units @ 2 students per unit = 488 students Assessed Valuation @ 55% $4,026,000 Assessed Valuation per student $ 8,250.