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APART],~3NTS vs. SINGLE FAMILY <br /> <br />Comparison of Tax Revenue a~ <br />School E×pense expected fr~n <br />one acre of developeab!e l~d <br />in the City of Hastings, Minn. <br /> <br />AA.SiC STATISTICS <br /> <br />of School Age Children: Apartment Unit: <br /> '['he Villages of iloseville, Brookl}/n Park and Bun~sville <br /> all report an average ~f 0.2 school age children per <br /> apartment unit. ~./ <br /> <br />NO. <br /> <br />~f School Age Children: Single F~md_ly Dwelling: <br /> '[}~e Village of Burnsvi]]c reports ~l average of ].6 <br /> school age children per single f~ily dwelling. The <br /> other villages noted above had no statistics readily <br /> available on this, but asmm~aed about the smae figures. <br /> <br />No, ~f Apartments Per Acre: <br /> <br />City of Uastings <br /> <br />18.5 Units per Acre (based on i{-4 Zoning) <br /> <br />No. of Single Family Lots ier Acre: City of Hastings <br /> <br />3.0 Lots per Acre <br /> <br />Total Real Estate 'Pax Revenue: City of Hastings <br /> <br /> Per Apartment Unit: $500.00 per year <br /> Per Single F~mily Dwelling: $55&.OC per year. <br /> <br />Division of Real Estate Tax kevenue: <br /> <br />School District: <br />City <br />County <br /> <br />65] of Total Reve~me <br />23~' of Total Revenue <br />!2~[ of Total ~evenue <br /> <br />Cost to Educate One Child: <br /> <br />City of Hastings <br /> <br />Cost per year: $6P0.O0 <br /> <br />($20,000.00 <br /> evaluation) <br /> <br /> <br />