FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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Fiscal Impact Analysis Model User Guide Data Entry For each applicable future land use enter the following data: • Number of Units: In the case of agricultural uses, input the number of proposed farms. Information for residential uses on agricultural property should be input under the Estate Residential category. One unit should be input in the Estate Residential category for each housing unit. For residential uses, enter the proposed number of housing units. For multi-family residential, include each attached unit in this total. For commercial, education and government, and religious uses, enter the proposed number of businesses or institutions. For parks, cemeteries and other uses enter the number of associated parcels. This data should be entered as shown on the development proposal, or as available from the developer or estimated based on density of a land use scenario. • Gross Square Feet (of Improvements): Enter the gross square footage of the building improvements proposed on the site for each associated land use category. In the case of agricultural uses, input the square footage of each housing unit into the Estate Residential Category. No deductions should be made for utility spaces, elevator shafts, etc. For each land use, this number should include the total square footage, not an average or the size of one unit. This data should be entered as shown on the development proposal or as available from the developer. Another source for estimates on typical square footage of non-residential uses is the Planner’s Estimating Guide by Arthur Nelson, published by APA Planners Press in 2004. • Assessed/Market Value: Enter the total market value of the land and improvements within each associated proposed land use category. For each land use, this number should include the total market value, not an average or the price of one single unit. If this number is not available from the development plan, you may be able to look up data from the assessor, auditor or PVA on a similar existing site and adjust the total market value to account for differences such as size. If you are not familiar with a similar existing site, you may wish to ask the developer to identify a comparable development elsewhere. Be careful, however, of differences in market value between similar properties in different locations. In the case of agricultural uses, input the estimated value of each housing unit into the Estate Residential Category. 26
Fiscal Impact Analysis Model User Guide For developments with multiple land uses, the developer may be able to identify the expected market value of every building proposed for the site. If only a total market value is available for a site with multiple land use categories, you may need to allocate that value across more than one land use. Information about local market values by land use may also be found through discussions with local chambers of commerce, local realtors and real estate investment reports (such as the Turley Martin Tucker Reports from Colliers International http://www.colliers.com/Markets/Cincinnati/MarketReports/) or online real estate sales websites for the Greater Cincinnati area. An example of one of these sites is the Business Courier’s Real Estate Listings http://www.bizjournals.com/bizspace/cincinnati/. Average prices per square foot can be estimated based on existing properties for sale and applied to proposed development types. The user should again be aware of differing market values in different locations. • Total (Gross) Acres: Enter the total acres associated with the existing development. This should be gross acreage and should not include any deductions for roadways, easements or other infrastructure. This data should be available through the development proposal or the developer, local government GIS data, or from auditor, PVA, or assessor’s data. If the development plan does not identify acreage for each separate type of use, you may need to allocate the acreage among two or more land use categories by looking at the proposed site plan to determine a logical division. In the case of agricultural uses, one acre for each housing unit should be input into the Estate Residential Category. Click Continue October 2009 27
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FIAM USER GUIDE COVER II - Fiscal Impact Analysis Model - OKI

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