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CALDERWOOD ANNEXATl ON PROSPECTUS 1962 ASSESSED VALUATION O~ ALL LOTS $5.570.00 ASSUME - 20 MILL LEVV ~OR CITV ASSUME - ASSESSED VALUE O~ IMPROVEMENTS 35~ O~ MARKET VALUE OR COST ASSUME - AVERA~E COST O~ IMPROVEMENTS ON EACH LOT $22.000 ASSUME - IN 5 VEARS 45~ IMPROVED: VALUATION $54.000 ASSUME - IN 10 VEARS 90% IMPROVED: VALUATION $102.590 TAXES $1.0$0 TAXES $2,050 . I I 1. ) a. ) ,---.--- I , .~ulft~~,~ fW _If; ~ lWW(\i ,. i'.1i .It 'tlti.1' .. .~""'fA,...1t AMV" ..NM_. ,wlllHtUJt.f II. u....n ~YCtl *".... ... ""fI ..OM.,.' ..."'" 11'"" III.. 11'.. "I 'II, ......... "..... Ih f..a. .... litO AlItw,a_.'. ".. ....., .. :om. ll"AY~ f'vf ..,. TKII; ............. __ .If \l1UflaU"'lll .... ,... "f.U. .ftht ...., KAIIM,.., fl......... .....,. II IlU.. "I) A"'. "",,, .''''lilllIAlllllllt AIIO f....... ..e.. ....l.it...tlfl.. ..... ,.... .:fOllA"'lII, AI-/]) ,5;11/l//iA 12.1" SeWER..' 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OIIIDeQ of lad.ltuate ~; .. 4Ie1iIerlptlClllOf tile .... ..... b1 ..... of . r..pecUvely t. _tt~ .....t""_ by dtts ft'--. U ~..ta4 be... a_ ,..t ~. "'1'.1 JiI.AME USlDUCE ADDIESS . ~,;).(,,! 1%"). ~~;ar:: PA~K AYf-. 1al,.o.JM.e ~J.;d-.- t;,'~:.~7~^.1R a.-> t--'-. 'So~I,u 21" I q b2. ...--... ~~.~,.",J~,_,*~_..~ QUALD"ID ILler. WD AND J..AD 0WU1l ._ -'1' ~,,jJL':1P~,,,- ;TIL r- 'y :. ~.~~- ~ ~, WiI. .. _Ihl..."', .. ....., 1'.,1'......... _ .. '1111 IIII.II,iHM8 .__ ... ......... UU .'11 ......... '1M .. .. " i" .. 1_ .,,_. ....l . ...~ .. ....,...... tty .... ., .. ......1U..l' U .....d tI Udt ... "....._.. U ...l..#lJjl.... .._.... ,..1llIrlOt. ... .. IIIDla ..._ ~ ~ .... .... .... __ (lrnlJli. _.., La~ SUKKU Ut 0bD~t~ ~~Isst6&ERS 6~ PItKIN C. OU~ICOL, ORADO . " BX :l(,u;;(q,~~ Vice-Cli!:hairman )(< i ---...---..-< --.-,..:; .~ CALDERWOOD ANNEXATION PETITION No action taken by City Council Removed from agenda 5/20/63 Original plat returned to f' A .' ~,/1. E~. ~)<;j1 ~,,/v)~~/~/:/, I CVy , //! \ ~i ;2?J I~ 1 ~1!kI ."';.' ""'. , \ /'<. ., ~ \ \ \ REAL ESTATE EVALUATIOH - CKLDER\IOOD SUB-DIVISION The Masoh & Morse advertisement on the Calderwood sub-division that ap- peared in the ..spen Times, Dec. 28, 1962, is an example of the exploi ta- tion of the Tourist Zone in the County. The tract contains 3.9 acres, 14 sites, resale price $88,146. The road area is about 11% of the total, approximately 20,000 square feet. Re~ sale price per acre with road and utilities - $22,600. ~stimated cost of improvements $30,000, approximately $7,692 per acre. Developer hopes to recover costs on water, sewer, natural gas and electric to a considerable extent due to contracts with various utilities. With utility contracts and annexation to the City, developer will be free and ciear of all obligations and responsibility for service, operation, maintenance and improvements on road and utilities. Utilities are planned to extend through property~r possible connection to east in developer's property that also is zoned Tourist. The County and City o.m land on the borders of this sub-diviSion. The developer is pressing for these to be made public parks. Without open spaces, the sub-division is too high density and crOwded to be acceptable as a sub-division. This "gimmicR" forces the County and City to supply the park area that justifies the developer's cluster project. The park area is approximately ten acres which is itself a valuable piece of real estate. 1962 assessed valuation for sub~division is $5,570. If this tract is annexed, the City tax, 18 mills, gives revenue of $100.26 per year without buildings; The City furnishes road maintenance, snow removal, fire hydrants, street li3htS, police patrol, and miscellaneous administrative services. This property was originally listed :B'ebruary 14, 1962. It is represented as 50% sold within 10 months. Comments: This sub-division should be used as an example for the City in establishing sub-division standards and regulations. In addition to the use of annexa- tion policy questions, the State guide for sub-division standards and regulations, and the annexation evaluation sheets, we should have this project appraised by qualified realtors. Interesting background material for analysis of this Project .Till be found in T.B. 40 - "i'Je.r Approaches to ResidentialIand Development", This Bu:1.1etin contains experience and comments on some of the problems arising from this sort of cluster develop- ment. The writer has initiated the residential sub-division of Oounty Tourist zoned land in the Tipple l'Ioods sub~di vision project and holds an additional undeveloped tract of over 6 acres in this zone. This interest, experience and continued study lends insight to the problem of the developer's responsibility and the public interest. KNCB Moore 1/18/63