3 - North Washington Avenue Visioning

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Surrounding Land Use: T The one block stretch of street that is proposed to be reconstructed has a vacant property,two single family dwellings, a commercial business, and a commercial/residential building complex. The use of the property surrounding this block of North Washington Street is relatively low intensity. The existing and future land use of the property along North Washington Street should be taken into consideration when planning for a new street. K" V*1 " . M Cost/Benefit Analysis of Existing Street: The portion of property taxes collected which goes to "street maintenance" for properties along North Washington Street in a given year is$11,616. The long-term estimated maintenance cost for the entire length of North Washington Street is$53,625. The adjacent property owners pay 22%of the long-term costs of the street. Keys to a Prosperous Street: 1. Incrementally build as the street. As the surrounding land use intensifies, the street section should become more complex. 2. Generate more revenue from adjacent property owners by increasing the value of individual properties or increasing the number of property along the street.