4677 - Mayes Meadow - Conservation Easement Cost Alternatives Table

200 South Tryon Street, Suite 1500
Charlotte, NC 28202
Office: 704-376-1555
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Table 1: Cost Alternatives Analysis
General Alternative
#1
Sewer1 Sewer2 Sewer3 Greenway1 Greenway2 *Greenway3 Greenway4 *Greenway5 *Sewer4
CE Adjustment N/A 0 0 0 0 0.69 0.27 0.55 0.19 0.61
Stream Credits N/A 45 15 0 60 120 30 60 30 60
Wetland
Credits N/A 0.11 0 0 0.02 0.41 0 0.55 0 0.28
Length of Land
Disturbance N/A 3200 LF 900 LF 2800 LF 3000 LF 1,000 LF 400 LF 800 LF 1300 LF 609 LF
**Des/Con
Cost N/A $ 640,000 $ 56,700 $ 176,400 $189,000 $ 331,439 $ 132,576 $ 265,152 $ 430,871 $ 38,367
***City
Approval No No No No N/A N/A N/A N/A N/A Yes
***Town
Approval No N/A N/A N/A Yes No Yes No Yes N/A
Total Cost N/A $ (1,470,000) $ (886,700) $ (1,006,400) $ (189,000) $ (331,439) $ (132,576) $ (265,152) $ (430,871) $ (38,367)
****Land
Valuation $ 509,000 $ 509,000 $ 509,000 $ 509,000 $ 509,000 $ 509,000 $ 6,300,000 $ 509,000 $ 6,300,000 $ 6,300,000
Lost Land
Value $(5,791,000) $ (5,791,000) $ (5,791,000) $ (5,791,000) $(5,791,000) $ - $ (5,791,000) $ - $ -
Overall Cost $(5,791,000) $ (7,261,000) $ (6,677,700) $ (6,797,400) $ (189,000) $(6,122,439) $ (132,576) $ (6,056,152) $ (430,871) $ (38,367)
Available
Option No No No No Yes No Yes No Yes Yes
*Preferred Alternatives
** Estimates for sewer and greenway trail are based on average cost per linear foot for install
*** Represents whether the option will be approved by the Town of Corneilus and/or City of Charlotte
****Land value is a comparison of the tax value for the property (higher value) vs the farm value (if land cant be developed)
Alternative #2 Alternative #3
PLANNING | LANDSCAPE ARCHITECTURE | CIVIL ENGINEERING | URBAN DESIGN
200 South Tryon Street, Suite 1500
Charlotte, NC 28202
Office: 704-376-1555
Bolton-Menk.com