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Pequot Lakes Storm Drainage Utility <br /> Since Category 2 (Residential) makes up the majority of parcels, to simplify the <br /> system, many Cities set an average size for a residential parcel to be used in the <br /> above formula. <br /> The average acreage of a Residential lot in Pequot Lakes is 0.333 (1/3) acres. <br /> Actual acreages are used for the remaining categories. <br /> Based on the compilation and analysis of parcel data and maps, following is an <br /> estimate of the categories and the parcels in each of the categories: <br /> Average <br /> No. of Total Parcel Total REF <br /> Category Description REF Parcels Acres Size Acres <br /> 1 Vacant 0.2 --- --- 0.00 0 <br /> 2 Residential 1.0 291 --- 0.33 96 <br /> 3 Medium Density 2.3 32 99 3.09 228 <br /> Non-residential <br /> 4 High Density 4.0 49 36 0.74 145 <br /> Non-residential <br /> Totals: 372 --- --- 468 <br /> NOTES: <br /> 1. The Vacant category does not have any parcels, as billing them was presently a <br /> difficulty. <br /> 2. A size of 0.33 acres per parcel was used for Residential when calculating the <br /> Total REF Acres. <br /> 3. Remember, these categories are from a storm drainage perspective and not <br /> necessarily from a zoning perspective. <br /> Using the above Total REF Acres for each category, the following amounts can be <br /> generated (I believe the City Council settled on a monthly rate of$8.00 per REF Acre <br /> per month): <br /> Page 3 of 4 <br /> C:\My Documents\City Clerk\Storm Drainage Utility\Storm Drainage'_iti?ity Explanation-Aug 4 2005.doc <br />