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Memorandum to Orange County Planning Board 44 <br /> August 26, 1999 <br /> 3. What is typical subdivision lot size in Bingham Township? <br /> 1987- 1994 1994-1998 <br /> AVG. LOT AVG. LOT <br /> NO: OF LOTS SIZE No. OF LOTS SIZE <br /> Major Subdivisions 229 2.36 45 4.79 <br /> Minor Subdivisions 199 4.46 113 3.43 <br /> Exempt Plats 163 13.87 104 1 15.14 . <br /> 4. What is the value of raw land sales? <br /> RAW LAND COST/ACRE <br /> Location Price Acres Price/Acre <br /> Dairyland St $ 52,000 7.00 $ 7.429 <br /> West Ten Road. $ 28,000 3.75 $ 7.467 <br /> Yarborough Road $ 32,500 4.12 $ 7.888 <br /> } Flora Saline $ 25,000 3.07 $ 8.143 <br /> Preston Loop $ 22,500 2.74 $ 8.212 <br /> Carowill Cou $ 27,500 3.31 $ 8.308 <br /> Hawes Road $ 45,000 5.37 $ 8.380 <br /> Flora Saline $ 35,000 4.16 $ 8.413 <br /> Forest Knoll $ 65,000 7.66 $ 8.486 <br /> 5. What is the value of lost units? <br /> Real estate sales indicate that the value of land per acre does. not <br /> appear to deviate significantly based on the amount of units that can <br /> be built per acre. While there is 'a high variability between cost per <br /> acre, the variability does not directly correlate with units per acre. <br /> 6. What is the cost of water quality' degradation if proposed zoning <br /> amendments are not.adopted? (What are the estimated costs for structural <br /> measures and water treatment?) <br /> Unknown. <br /> g:\bdamend\caneddpbmem.doc\6-26-99Ud1 <br />