[From the U.S. Government Printing Office, www.gpo.gov]
Property of CSC LibrarY U DEPARTMENT OF COMMERCE NOAA COASTAL SERVICES CENTER 2234 SOUTH HOBSON AVENUE CHARLESTON SC 29405-2413 APPRAISAL of FISCHER CREEK ASSOCIATES PROPERTY COASTAL ZONE INFORMATION CENTER Prepared For: Manitowoc County Planning & Park Commission Manitowoc, Wisconsin Ruben H, Boettcher CRA 2504 43rd Street Two Rivers# Wis. 54241 HD 211 .W6 A66 1981 BUREN H. BOETTCHER, C.R.A. 2504 - 43rd Street Two Rivers, Wisconsin 54241 Phone. 793-1223 Oetolder 8, 1981 Momitowo(r Cbunty Planning & Park Commission 1701 Michigan Avenue Kan1tow0c, Wis- 54220 Attentions Jerry Kirchner, Director .Dear Mr. Kirchner: As requested, I personally inspected the property owned by. Fischer Creek Associates, which Is a tract of land loeated along County Trunk Highway LS In the vicinity of Fleehek Creek, Towrrof Centerville-and the Village of Cleveland:, Manitowoc County Wisconsin. 'Biased on the examination and study made of the tract of land located on Lake Michigan, I have formed the opinion that, on September 15, 1981 the property had a estimated fair market value as follows: TWO HUNDRED EIGHTY SIX THOUSAND, EIGHT HUNDRED DOLLARS $ 286,8oo The following report presents a review of the appraisal and my analysis of the data on which the estimate was Dredicated. Respectfully submitted Ruben H. Boettcher CRA TABLE OF CONTENTS ZAGE 1. Purpose of appraisal 2. Property rights apprkiseds e 9 3. Date of value* e e 4. Legal description. . . 5. Zoning 6. Neighborhood & location. 7. Description of land* 8. Inspection of property . . . . . . . 10 9. Soils and subsoils 10. Taxes and assessments 13 II. Hiahest and best use 14 12. Market approach* . . . . 17 13. Reconciliation and value estimate . . . . . . . 27 14. Final,value estimate 28 EXIiIBITS A. Certification and statement of limiting conditionso B- Qualifications of appraiser. Excerpts from Town of Centerville zoningo D. Soil map. E- Aerial photoo F. COPY Of survey map. Sales mapso H. Photographs of comparable Sales properties. I. Photographs of subject properties, F-1. Subject with tax no.'s. PURPOSE OF APPRAISAL The purpose of'-the-appraisal- 1-s to estimate the'fair'zharket value of the real estate currently owned by Fischer Creek Associates, which is located in the.Town of Centerville and,the Village of Cleveland. The subject property is being appraised for the Manitowoc County Park and Planning Commission. There is a possibility that m anitowoc County may acquire this property for park purposes. The area to be appraised consists of a total of approximately 122 acres of which 39+ acres lies west of CTH "LS". PROPERTY RIGHTS APPRAISED The property rights appraised in this report consist of the fee simple interest in the property. DATE OF VALUE September 15, 1981 LEGAL DESCRIPTION The legal description of the subject was obtained from the County Treasurer's office, and found as follows: Parcel 2-014-007-005.00; Government Lot #2 as described in Volume 284, Page 89 of Deeds, in Section 14, Town 17, Range 23. Parcel 2-014-007-003.00; Government Lot #3 in Section 14, Town 17, Range 23. Parcel 2-015-013-003.00; the East 1/2 of the Southeast 1/4 of the Northeast 1/4 of the Southeast 1/4 in Section 15, Town 17, Range 23. Parcel 2-023-001-000.00; the East*1/2 of the Southeast 1/4 of the Northeast 1/4 of the Southeast 1/4 in Section 15, Town 17, Range 23. Parcel 31-023-001-000.00; located in the Village of Cleveland. P.O.B. at the East 1/4 corner of Section 22, South 290'+ to lakeshore. North end of triangle is 60'+ wide.. Area of land in the Village of Cleveland is 0.2+ acre. (See map showing parcel numbers in EXHIBITS section.) These land parcels are also shown on Page 14 of the 1980 Land Atlas and Plat Book of Manitowoc A copy of a survey of these lands was also furnished to the County appraiser by the Manitowoc County Planning Commission. The survey was prepared by Colin Rayford of the City of Manitowoc. The survey shows a total area of approximately 122.58 acres, the survey includes lands to the center of CTH "LS". 2 ZONING The southern'tip of ih e" subject'property (Parcel "C") is located in the Village of Cleveland. The western line of this portion measures approximately 290 feet from the village limits to the southern end of Parcel "C" and consists of 0.2 acre This was determined from a recent survey made by Colin Rayford, Register- ed Land Surveyor. This triangular shaped property is zoned A-1 which is agricultural-residential zoning, which requires no less than one acre lots with a width of 150 feet. This part of Parcei-"C" has no access to County Trunk Highway "LS". Much of this area is within the flood plain overlay of the Village Flood Plain Zoning Ordinance. To develop this would require special permission. Part of Parcel@"C", identified on the map in Exhibits'Section of appraisal, is located north of the Village of Cleveland limits extending to the north line of R-4 zoning as shown on the Town of. Centerville Zoning Map dated January 1978. This parcel consists of 41.36 acres + and is bordered on the west by County Trunk Highway "LS" and on the east by Lake Michigan. The zoning information used in this appraisal is taken from the Town of Centerville, Manitowoc County zoning and Land Use Ordinance Regulations (revised to include all amendments to April 1981). R-4 zoning permits single family dwellings only, with a lot area which shall be no less than 3 acres. Front yard set back shall be a minimum of- 80' from center line of roadl all side yards are required to have awidth of not less than 25 feet and back yards must have a depth of not less than 25 feet. lot width is 250 feet, and recreational use is also allowed. maXim-um height limit of buildings is 35 feet.@ 3 AVI, This portion.of land designated as Parcel "C" is located just north of the R-4 zone line.and consists of 42.24 acres This part of Parcel "C" also lies between County Trunk "LS" and Lake Michigan. This land is zoned R-2 and permits one and two family dwellings, public buildings and restricted farm use. Front yard set back shall be a minimum of 80 feet from the center line of road, side yards must each have a width of not less than 25 feet and rear yards are required to each have a depth of not less than 25 feet. Building height is. limited to 35 feet and lot area must be not less than one acre. Parcels "A" and"B" as identified on map are zones A-3 which is primarily agricultural, however, dwellings can be built with certain restrictions, such as a farm homestead, one additional single family residence or mobile home per farm operation over 35 acres. Condition- al uses include various types of farm operations and farm related- commercial operations compatible to this district. Side and rear yards shall each have a width of not less than 25 feet. ("See Exhibits Section in appraisal for excerpts from the Town of Centerville Zoning Ordinance.) Consideration must be given to part of Parcel "C" which borders Ic-igan and Fischer Creek. This land is subject to the Manitowoc Q',.oreland and Flood Plain Zoning Ordinance. The area controlled @)r-inance is 1,000 feet from Lake Michigan and 300 feet from '@-iigh water elevation of Fischer Creek. Uses in the flood- '-@ould be restricted to recreational and agricultural. Other- land would have to be specially approved. 4 The subject property has four different types of zoning namely A-1, A-3, R-2 and R-4. Much of the land is subjec t to the Shoreland and Flood Plain Zoning ordinance Adopted Manitowoc County in 1968. This ordinance supersedes all provisions of any Manitowoc County Zoning Ordinance, with greater restrictions regarding develop- ment of this land. 5 NEIGHBORHOOD AND LOCATION The subject property is. located approximatelyeight miles south of the City of Manitowoc with the *ajor portion lying between the west shore of Lake Michigan and County,Trunk,Highway "LS". Two parcels are located west of "LS". The southern tip of the major portion is located in the Village of Cleveland, while the balance of the land is located in the Town of Centerville. The land in the subject area is primarily us ed for agriculture, however, there is a scattering of residences just north of the subject. Most residences are located between Highway "LS" and the lakeshore. These are desirable sites due to the;excellent views offered by the bluff overlooking Lake Michigan. The Village of Cleveland has a population of approximately 750 and is comprised of predominantly single family residences. Most of the people living there are employed in the City of Manitowoc, however, many people also own residences here that are employed at the Lakeshore Technical Institute, which is located at the north- west corner of the intersection of CTH "XX" and U. S. Highway 141. 6 DESCRIPTION OF LAND The land being Appraised consists of three parcels, two tracts are located west of CTH "LS" and one tract is located between the west shore of Lake Michigan and CTH "LS". The parcels located-west Of CTH "LS" consist of one heavily wooded parcel of 4.97 acres, and one triangular shaped parcel which is located northwest and adjacent to CTH "LS". This parcel consists of 33.99 acres. The balance of the subject land has lake frontage of approximately 6,250 feet and consists of a total of 83.62 acres. Total area of all three parcels consists of 122.40 acres. The acreage shown was arrived at by referring to a survey map made by Colin Rayford. For identification purposes these parcels will be referred to as follows: Northwest Tract 33.99 Acres Parcel A West Tract 4.97 Acres Parcel B Lakeshore Tract 83.62 Acres Parcel C Refer to survey map in Exhibits Section of appraisal for identification of parcels. PARCEL A This tract of land measures 1,983+ feet from the northeast corner of Parcel B to the north line of Parcel A which is the north- east corner. The north line of this parcel is a straight line east 1,737+ feet to CTH "LS", The road frontage on CTH "LS" consists of approximately 2,600 feet. This triangular shaped parcel of land consists of rolling topography with drainage swales. Part of this land on the south end is wooded while approximately 70% of the land 7 is clear with some brush growing due to-not being tilled in recent years. This land is well dtained and there is also drainage under neath CTH "LS" with culverts. This parcel could be added to an- other existing farming operation or some other 'agricultural relat- ed operation where an acreage of this size would be desirable. Jd PARCEL B -This tract of land is heavily wooded with large trees and has irregular topography and is rectangular in shape. The frontage on J, CTH "LS" is 662+ feet with a depth of 327+ feet. This property is well drained and there is also a culvert underneath CTH "LS" for additional drainage. Parcel B consists of 4.97 acres. PARCEL C Jd This parcel is bordered on the east by Lake Michigan and on the west by CTH "LS". There is approximately 6,250 feet of lake A frontage. The depth of this property varies due to its shape. This property is 627+ feet wide on the north end and approximately 1,000+ feet deep at the curve in CTH "LS' and then narrowing to a point in the Village of Cleveland. Fischer Creek runs through the center of Parcel C;:this is also the lowest-area of this parcel. 'JA There is a steep rise in elevation from Fischer.Creek going south, which is shown in a photograph in the Exhibits Section of the JI appraisal. The rise in elevation from Fischer Creek north is not as PARI steep as shown,also in a photograph. There is a high bluff on the .J balance of the shoreline which varies from 20 to 30 feet above the existing beach. The topography fluctuates with@some level areas @J- JI and some swales. Located between Fischer Creek and the north end of Parcel C are ruins of a fiumber of buildings and two silos which indicates that part of this land was used for farming purposes and tilled at one time. Much of this parcel is overgrown with brush and trees. From the southern tip of Parcel C, which is in the Village of Cleveland, to an east west line which is located at a point where CTH "LS" swings to the west, consists of 3.73+ acres. There is a swale in this portion of land, however, the balance is quite level with a growth of brush and small trees. There are three tracts of land involved in this appraisal as described previously. Total acreage amounts to 122.58 + acres per survey by Colin Rayford. Parcel C has 6,250 + feet of lake frontage but due to the high bluffs, the beaches would be of limited use to developed building sites, however, the view of Lake Michigan from these sites would be excellent. There is an old bridge over Fischer Creek very near Lake Michigan with'a sand beach area. This beach area and areas on each side of Fischer Creek could be developed into a recreational area which could serve the entire area of JJ Parcel C if it were developed for reside .ntial purposes. There is a road from the north end of Parcel C to Fischer Creek and then continuing south for a short distance, however, much of the road is impassable due to washouts and lack of maintenance. This property is unique and picturesque and could be developed into a beautiful area for recreational and residential purposes. 9 PERSONAL INSPECTION on-site inspection was-made by walking the subject tract on August 31, 1981. Mr. R. Evan Evans was invitedto inspect the subject property with me, however, due to the fact that he now lives in Florida and has many business commitments, he was unable to meet with me in pers on at this time. Mr. Evans did, however, answer all my questions by phone regarding the Fischer Creek Associates property. The owner indicated that he had purchased the property for development into a marina,. campgrounds and residential home's.ites. He said.lime- stone rock hadto be.haulled in to protect the lake frontage froml water erosion. Mr. Evans indicated that an environmental study was started and partially completed by Donahue & Associates of Sheboygan. The owner said that approximately $263,000 was paid for the purchase of these parcels with approximately $60,000 spent on hauling limestone rock to the shoreline, having surveys made and cost of various develop- ment studies. Plans were not completed, however, when the owners were aware that the cost of development as planned proved to be excessive, which was partly due to D.N.R. restrictions. Mr. Evans, at that time, moved to Florida and did not pursue development of the subject any further. 1 0@ SOILS AND SUBSOILS In an attempt to analyze the soils and subsoils of the subject property, I used a copy of the "'Soil Survey of Calumet and Manitowoc.. Counties." This publication was prepared by the United States Dept. of Agriculture - Soil Conservation Service, in cooperation with the Research Division of the College of Agricultural and Life Sciences of the University of Wisconsin, issued in February, 1980. Major field work was done in 1971-1975 and for this opinion will refer to rj conditions as of 1975. The subject property is found on pages 102 (insert "c") and 117 and'for this report I copied these 2 pages, taped them together and outlined the subject property on the composite. (See section marked EXHIBITS.) Within the outline I found the follow- ing soil types based on the soil survey mentioned: Amount Suitable for, of Slope Drain Fields TeA Tedrow loamy fine sand 0 to 3% No PIB Plainfield loamy sand 2 to 6% Possible OaB Oakville loamy sand 2 to 6% Possible Ke Keonins very fine sandy loam 0 to 2% No As Aquents, sloping No MuA Mundelein silt loam 0 to 3% No ZuB Zurich silt loam 2 to 6% Possible, PIC Plainfield loamy sand 6.to 12% Possible Gb Granby fine sandy loam Oito 2% No NsB Nichols very fine sandy loam 2 to 6% No ShA Shiocton very fine sandy loam 0 to 3% No BtC2 Briggsville silt loam 6 to 12% No Fu Fluvaquents No BrB Boyer sandy loam 2 to 6% Possible BSB Boyer sandy loam, loamy substratum 2 to 6% Possible Ac Adrian muck 2 to 6% No As can be seen, there are approximately 16 different types of soil classifications of which only 6 might allowia septic and drain field system. Table 9, pages 134 thru 139,'indicate that most of these six possibly acceptable soils have rapid or near rapid 7 permeability, and may cause pollution of ground'water. The so called possibly good soils make up approximately 15% to 20% of the total subject property and seem to be about the same in all 3 parcels. You will also note that just north of the subject along the lake, where sales 2, 3 and 4 took place, the soil conditions are ve ry sim ilar to the subject. The steep slopes are also a contributing factor, making most of these property soil types unacceptable for septic systems and could possibly be solved.with extensive grading'of the subject, but based on my opinion of the highest and best use, as 3-acre residential building sites and based on sales of similar property, I feel this would reduce the market value of the subject by removing the natural beauty of the land and the view of Lake Michigan. 1 2 TAXES AND ASSESSMENT Assessments of subject paroels as of 1980: Assessed Net Taxes Parcel No. Acreage Value Paid Town of Centerville 2-014-007-003.00 $ 61.40 $ 108,775.00 $ 3,747.95 2-014-007-005.00 45.54 18,600.00 640.88 2-023-001-000.00 24.99 66,9-25.00 2,454.72 2-015-013-003.00 5.00 500.00 18.34 Total $ 136.93 $ 194,800.00 $ 6,861.89 Village of Cleveland 31-023-001-000.00 $ 3.41 $ 2,650.00 $ - 68.70 Grand Total $ 140.34 $ 197,450.00 $ 6,930.59 1980 Assessments in the Town of Centerville were made at 37.57% of full value. 1980 Assessments in the Village of Cleveland were made at 53.93% of full value. (Refer to tax parcel map in Exhibits F 3 HIGHEST AND BEST USE Highest and best use is defined as the most profitable and likely use to which a property is adapted or capable of being used. In this case there are 3 distinct separate,parcels of land, "A", "B" and "C", and in my opinion each one has a different highest and best use. Parcel "A" as mentioned earlier in the report is a triangular shaped parcel consisting of 33.99 acres lying west of county trunk LS" and is zoned A-3 agricultural. By itself,,as a separate parcel as an operating farm, it would have somewhat limited value due to its size, shape and topography. A 40-acre farm by today's standards, is not an economic sound investment. Also, generally out of any acreage purchase a percentage is untillable due to shape or topography, as is in this case. With the cost of money today, I do not feel there is the demand for large parcels of rural land for residential develop- ment. If this land were purchased for additional land for agricultural uses, I feel the untillable percentage would be absorbed by the new total parcel, therefore, making this parcel a better economic agricul- tural parcel. Based on the above, I feel the highest and best use of parcel "A" is for sale to or purchase by another operating farm set as additional land. Parcel "B" as mentioned earlier is a rectangular 4.97 acre parcel having approximately 662 feet of frontage.on'th e west side of county trunk "LS". It is nicely wooded'with varying topography ranging from a high buildable plateau on northern end to a low swale or drainage area on the southern end. It is zoned A-3 agricultural, but due to the heavy woods and size of the parcel and'what might be considered 1 4 as extreme topography because of its size, I feel the highest and best use of this parcel would be for a single family residential lot. The primary purposes of this zoning district do not describe parcel "B" in any way, shape or form. (See exhibit of zoning ordinance.) I feel this parcel is not contiguous with parcel "A", therefore, should not be figured as part of it. With.this in mind the A-3 zone of one additional single family dwelling per farm operation over 35 acres for occupancy would consider these as two separate parcels of records; therefore, I feel a court might allow the development of one residence because of lot of record, size, topography and it does not fit into the description of the primary purpose of this zone. Parcel "C" as mentioned earlier is a trian gular parcel consist- ing of 83.6 acres lying east of county trunk "LS" having approximate- ly 6,250 feet of lake frontage on Lake Michigan. The north 42.24 acres is zoned R-2 Residential which would allow 1-acre parcels. The south 41.36 acres is zoned R-4 Residential which would allow three-acre parcels. The southernmost 3.73 acres has no road front- age, but does have approximately 1,350 feet of very rough shoreline. I feel this part, using easement or small amount of access from "LS", could be one lot. Based on this, it seems like a maximum amount of residential lots that might be developed is 55 lots. With the depth from "LS" to the lake being as deep as 1,000 feet, to develop 1-acre parcels would cause a street system to be developed on the property. To develop these lots and with the topography varying throughout the parcel, it could most likely cause fewer lots. Based on the apparent lack of high demand for rural lakefront property, I keel the highest and best use of parcel "C" at this time would be for residential development allowing approximately 3 acres for each parcel. The center portion of parcel "C" located around Fischer Creek might make a beautiful park, if not for these local parcels it could be used as a county wide park having lake frontage along with the creek. I am sure even if I were to estimate an average size of parcel (lot) or average value of each, someone with desires of lake fron tage with its creek might pay a premium price to acquire more than one lot. Buyers might purchase 2 or 4 parcels, perhaps 2 on each side of the creek,-but I feel this is unlikely. The sales of property just north of the subject seem to bear out my opinion of highest and best use as 3-acre parcels of residential use. Using this thought, we find the 83.6 acres would support approximately 28 lots not the 55 lots that the zoning would allow. No plot plan is being considered at this time. I feel the lots would be developed from "LS" to the,lakeshore. They would all offer access from "LS" and have lake frontage. Because of the varying topography some lots might be somewhat larger and some smaller, each having different frontages. MARKET APPROACH With the assistance of Mr. Robert Brandl, Manitowoc County Register of Deeds, I searched for sales of simila r property as the subject. In my search, Ifound no recent sales of property in this Manitowoc market area anywhere similar to the total subject property. The varied topography and view of the lake along with Fischer Creek makes this parcel one of a kind. There were many sales of operating farms, with.farm sets., in excess-of 100 ackes., but none had.1-ake f-r-ontage.and.all had larqe:portions of good tillable lanff,, without the. extreme- topography f6und: on the-, s-ubj-e,ct., The sales 1 used are: very@similar to the subject based'on.my opinion Of highest and best use. Parcel "A" being used as:additional land'in conjunction with some operating farm. Parcel "B"*being used as residential lot development, may be 1 or 2 lots. Parcel "C" being split up into 3-acre residential building sites. I set.up 3 sales grids for. illustration purposes:- Grid #1 - Lake frontage sa:les-. Grid #2*--Non-lake frontage sales (acreage) in immediate area.. Grid 3 - Non-lake frontage sales (residential) indicating lot-price. 'These three grids;can be found immediately following this market approach paragraph. The sales analysis sheets along with.pictures and a sales map can be found in the EXHIBITS section of this appraisal. L T GRID NO. 1 LAKE FRONTAGE SALES ad 2 4 Sale Date 10/15/80 9/7/79 7/28/81 10/10/78 Price $21,000 $47,500 $12,000. $7,000 Per Ac. $2,915 $2,262 $10,434 $4,828 Price FF MI Lake FTGE $73.94 $86.19 $88.89 $63.64 Time +9% +20% -0- +27% Location equal equal equal equal 0I Zoning R-3 R-2 R-2 R-2 Size 7.205 Ac. 21 Ac. 1.15 Aci. 1.45 Ac. Adj.Price/Ac. $3,177/Ac. $2,714/Ac. $10,434/Ac. $6,132/Ac. Adj.Price/FF $80.60/FF $103.43/FF $88.89/fF $80.82/FF I contacted Mr. Don Sherman, Supervisor o f Assessments, of the Fond du Lac office which covers this area of t he subject. He inform- ed me, over the past 3 years the annual average increase for time in- creased by 10%. Based on my experience, as aniappraiser, this sounds reasonable. The R-3 zoning on Sale No. 1 in the Town of Manitowoc which permits,besides the same as the subject R-2 and R-4, multiple family structures and mobile home courts. Thegrantor-states that the property was purchased for resale as 1 or 2 family lot sales. For this reason no adjustment is being made for zoning. None of these sales were as large as the subject and were all purchased for 1 family housing, so no adjustment is being ma de for size. My highest and best use estimate is for similar evelopmenti. Sale No. 2 was the largest parcel because of the extreme depth of approximately 2,100 feet; therefore, indicating a higher front foot value than Sales 1, 3 and 4, which range in depth from approxi- mately 4001 to 950' which are more similar to the subject. Sale No. 1 is approximately 5 miles north of the sd bject and is approximate-.. ly 7 acres in si-ze. Sales No. 3 and 4 are immediately north of the subject and are very similar in topography and lake exposure. You will notice the amount of iake frontage is the 'Same between Sales No. 1 and 4. Sale No. 4 is the oldest sale and needed the largest adjustment. I feel Sale No. 3 gives me the best indicator of value by the lineal footage of shoreline or water frontage. For this opinion I am rounding Sale No. 3 to $90.00 per lineal foot of shoreline as my unit of measure. You will notice in.the grid, lake frontage seems to be the most uniform unit price. The acreage-,ranges from.$2,73-4 to. $10,434; where as, the water frontage ranges from $81.0D to $IG-3.0:0 and Sales 1, 3 and 4 only range from $01.00 to $89.0,0 per foot.. GRID NO. 2 NON-LAKE FRON@AGE SALES IN IMMEDIATE AREA 5 6 7 Sale date 1/29-/78 11/26/79 2/20/80 Price $30,000 $33,400 $80,000 Per acre $2,102 $1,802 $2,500 Per FF Road $637 $25 $151.52 Time +25% +17% +15% Location equal equal equal Zoning A-3 A-3 C-1 Size 14.27 Ac. 18.53 Ac. 40 Ac. Adj.-Price/Ac. $2,628 $2,108 $2,875 Adj.Price/FF $796.00 $29.00 $174.00 Sale No. 5 was purchased for a single-family home and was found unperkable. It has since been traded off for another site. Sale No. 7 had been a hog operation. I attempted to arrive at a land value by estimating a value of the steel buildings on this farm. With the terms of the land contract being very favorable and the preceding land use allowed something heavier than the C-l.zoning allows presently, seems to hav e influenced the sale of this property. Sale No. 6 was purchased for additional land to add to an existing farm operation, which at this time seems to be the highest and best ,use for Parcel.."A".. For this opinion, I am considering $2,100 per acre.as the value indicator for Parcel "A". 2 0. GRID NO. 3 NON-LAKE FRONTAGE SALES NOT IN IMMEDIATE AREA ALL PURCHASED FOR SINGLE FAMILY DEVELOPMENT 8 9 10 11 Sale date 4/14/81 11/21/80 6/13/80 9/5/80 Price $23,000 $14,500 $17,000 $11,000 Per acre $4,129 $1,597 $2,118 $7,333 Per FF Road $61.00 $24.00 $22.00 $65.00 Time +4% +8% +12% Location equal equal equal equal Zoning A-R A-R A-R A-1 Size 5.57 Ac. 9.08 Ac. 7.95 Ac. 1.50 Ac. Adj.Price./Ac. $4,294 $1,725 $ 2 , 319 5 $7,993 Adj.Price/FF $-63.44 $26.00 $25.100 $71.00 in iny subdivision analysis, based on my opinion of highest and best use of Parcel "C", the gross sales value of $625,000 divided by the estimated 28 lots indicates individual lot value s of approximately $22,300. You will notice Sales 8, 9, 10 and 11 in- dicate a range of $11,000 to $23,000 for single family development,. which I feel substantiate my value estimates for the subdivision analysisof $100.00 per front foot for lake frontage. This $100.00 was explained previously in the market approach. -Also, Sale No. 8 is very similar in size to subject Parcel "'B"., which based on my opinion of highest and best use as a residential lot or possibly two lots if zoning would allow. This seems to give me a good unit of measure for,value of Parcel "B" of subject at $4,100 per acre.' 2 1 To arrive at a value estimate for parcels "A" and "B" at th is point is a relatively simple calculation. Take the number of acres times the unit price per acre as analyzed in grid #2 for parcel No. "A" and unit price per acre as analyzed in@grid #3 for parcel No. "B". In arriving at a value estimate for parcel No. "C" we have an entirely different situation. With no sales of property offering the same amenities, shape, size and lake frontage and based on my opi:nion;of highest and best use, I am approaching this problem with &subdivision analysis approach. This is based on the premise of buying something,. doing something to it and selling it at a profit over and above the purchase price plus cost and profit. In this analysis, after reviewing the sales indicated in grid #1, we find where land of this type, in the immediate area being small- er in size, approximately 2 to 5 acres as individual building sites are selling for $90.00 per front foot of water frontage, regardless of size or shape when you compare to sales Nos. 1, 3 and 4. As mentioned previously in this report, approximately $60,000 worth of rock had-been placed to protect the shoreline, by the present owners. None of@the sales-had any such protection of the shoreline. For this opinion, I am going to attribute $10.00 per lineal foot of shoreline, or a total unit value of $100.00 per lineal foot of shore- line for the subject property, parcel No. "C". In considering the expenses to@change this subject parcel No. V' from one 84-acre parcel to 28 3-acre parcels, I contacted the following@developers in the Manitowoc and Two Rivers area: Mr. Robert Doneff Developer Manitowoc Mr.. Daniel Wergin Developer Manitowoc Mr. Kenneth Schepper Developer Two Rivers Mr. Burlyn H. Stuewe Engineer Manitowoc Ms. Dolores S. Rohrer Court Abstract & Title Co. 2 2 In an attempt to figure a sellout period for the subject, I looked at my sales 1,1 2, 3.and 4 and found there were 4 sales in a 3-year period. This might indicate one sale every 9 months. Apply- ing this to the estimated 28 lots for the subject, I find a 21 year sellout period. This appears to be excessive. There has not been that much land available over the years in this market area offering the same amenities such as topography, view and proximity of a river or creek as Fischer Creek offers. Because of these items this land might have a greater demand which could shorten the sellout period, therefore, for this opinion I estimate a 10 year sellout, which would average 2 to 3 lots each year. Based on the above factors, I find the following: Gross Income 6,250 L. F. @ $100.00 $ 625,000 Expenses: Plats and Surveys 28 lots x $250 $ 7,000 Title Insurance 28 lots x $100 2,800 Management @ 5% 31,250 Sales Expenses @ 10% 62,500 Taxes - 1981 6,300 Total Expenses, . . . . . . . . . . . . $ 109,850 Net value before profit $ 515,150 Less profit @ 25% :128,788 Net value after all expenses . . . . . . $ 386,362 This would indicate that if all the lots were to sell immediate- ly, one could expect $625,000 gross sales. I do not feel the market warrants a 1-year sellout. As mentioned previously, I estimate a 10-year sellout period for all 28 lots as-prbposed in this analysis. ild In discussion of this type of property with bankers and lending institutions in the area, allowing for risk @ 1-1/2% and a non- liquidity rate of,1/2%, I feel an overall rate of 15%, which includes 2 3 12% for pure interest, is warranted in this analysis. Knowing these items are necessary to determine the present worth of future benefits. Net value after:all expenses equals $386,362 divided by 10 years $38,636 annual net income. Using the "Inwood Tables" and consider- ing a 15% rate in 10 years with an annual net we find the following: Net Annual Present Year Income Factor Worth 1 $ 38,636 X ..8-696 $ 33,598 2 38,636 X .7561 29,213 3 38,636 X .6575 25,403 4 38,636 X .5718 22,092 5 38,636 X .4972 19,210 6 X A323 16,702 7 38,636 X .3759 14,523 8 38,636 X .3269 12,630 9 38,636 X .2843 10,984 10 38,636 X .2472 9,551 Raw land value . . . . . . . . . . . $ 193,906 Rounded to . . . . . . . . . . . . . $ 194,000 2 4 PROPERTY OFFERINGS I contacted Mr. Wm. Scholten of Century 21 and First Securities and Mr. Casey Stangel of Lakeshore ReaIEy regarding offerings of similar types of property in the relatively immediate area. Mr. Stangel informed me that the firm he represents is offering one lot approximately three miles north of the subject on the east .side of County Trunk "LS" with 100 feet of lake frontage. The asking price of this parcel is $101,900. The soil on this lot does not perk which means a septic mound system would have to be used. The lot size is 100' x 700' which is approximatel y 1-1/2 acres and indicates $7,267 per acre of $109 per foot of Lake frontage. Mr. Scholten informed me that Century 21 is offering 10 lots in the same vicinity as above offering, 6n.the east side of County Trunk "LS", having lake frontage. Each.lot is 1-1/2 acres and also has Lake frontage ranging from 1001 to 115.1 with a depth range of from 5901 to 6701. These lots are beingoffered for $8,900 each and are not perkable. All 10 lots have a total lake frontage of 1,065 L.F.., and at $8,900 each indicate a value of $84 per foot of lake frontage or $5,933 per acre. Overall, I feel the subject property has better amenities than these offerings, but I feel they substantiatie the $100 per foot of-.lakefront established in my market analysis for Parcel "C" of the subject. 2 S Mr. Bill Scholten indicated that Centnry 21 is offering a parcel located on the west side of "LS" near the other parcel mentioned previously, located on the east side of "LS". This parcel consists of one acre and.is offered at $4,500. The soil on this parcel also does not perk, but Mr. Scholten feels it should sell at that price. This indicates an acreage value of $4,500 for a residential site which seems to support the $4,300 per acre unit price for Parcel "B" of the subject lands. fig 2 6 RECONCILIATION AND VALUE ESTIMATE Based on my opinion of highest and best use, I find three separate parcels of land-totaling,122.56 acres, per surveyor (Colin Rayford). For this opinion I am stating that I consider these parcels as being unimproved, except for the rip rap which has been accounted for in my analysis. The roadway and bridge, as built by present owner, do not fit into my opinion of highest and best use, so no value is being attributed to them. Realizing the above', no cost approach to value was considered in this opinion of value. The income approach, in this opinion, is really a mixture of market along with the subdivision analysis, which accounts for gross sales based on a market study, expenses to develop and sell along with a discount on net earnings for an extended sell out period, to arrive at a value estimate. Based on the above statements and infor- mation contained in this report the final value calculation for Parcels "A", "B" and "C" are as follows: Parcel "A" 33.99 Ac. X $2,100 = $ 71,379 rounded to $ 71,400.00 Parcel "B" 4.97 Ac. X $4,300 = $ 21,371 rounded to $ 21,400.00 Parcel "C" As per subdivision analysis $ 194,000.00 Total estimated market value of above parcels is: Two Hundred Eighty Six Thousand, Eight Hundred Dollars ($ 286,800.00) 2 7 FINAL VALUE ESTIMATE Based on all the foreqoing information, it is my opinion the estimated fair market value of-the subject as of September 15, 1981, for the purpose of a possible sale or purchase is: Two Hundred Eighty Six Thousand, Eight Hundred Dollars ($286,800.00) The value attributed to each parcel of the subject is as developed in the reconciliation-and value estimate paragraph pre- ceeding the final value' estimate. Respectfully submitted, RUBEN H. BOETTCHER, C.R.A. 2 8 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx E X H I B I T S xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx CERTIFICATION & STATEMENT OF LIMITING CONDITIONS CERTIFICATIONs The Appraiser certifies and agrees that# to The Appraiser has no present or contemplated future interest in the property appraised; and neither the employ- ment to,make the appraisal, nor the compensation for itt is contingent upon the appraised value of the propertyo 2* The Appraiser has no personal interest in or bias with respect to the subject-matter of the appraisal report or the participants to the sale. The "Estimate of Market Value" in the appraisal report is not based in whole or in part upon the race# color. or national origin of the pro- spective owners or occupants of-the property appraised, or upon the racep color or natio nal origin of the present owners or occupants of the properties in the vicinity of the property appraised. 3. The Appraiser has personally inspected the subject property and has made an inspection of all comparable sales listed in the report* To the best of the@Appraiserls know- ledge and belief, all statements and information in this re- port are true and correct# and the Apprai ser has not know- ingly withheld any significant information. 4. All contingent and limiting conditions are contained herein (imposed by the terms of the,assignment or by the undersigned affecting the analysis, opinions and conclusions contained in the report).' 5- This appraisal report has been made in conformity 'with and is subject to the requirements.of the Code of Professional Ethics and Standards of Professional Conduct -of the appraisal organizations with which the Appraiser is affiliated. 6. All conclusions and opinions concerning the real estate that are set forth in the appraisal report were prepared by the APpraisermhose signature appears on 'the ;appraisal 'report. Wo change of any litem in the appraisal rreport shall be -,mad's by anyone ather than'the Appraiser and the Ap praiser shall have no responsibility for any such unauthorized-change.. CONTINGENT AND LIMITING CONDITIONSi The certification of the Appraiser-appearing intheappralsal report issubject to the following zondi-tions and to such other specific and limiting conditions asareset forth by the Appraiser in the report. 14 1he Appraiser assumes no responsibility for matters of -a legal nature:affecting the property appraised or the titlethereto., nor does the Appraiser render any opinion asto the title,, which is assumed to be good and marketable.. The property Is appraised as though-under responsible owner- 2. .,Any sketchAn the report may showapproximate d1men- -sions and is -Included to -assist the reader In visualizing the property.* 'The Appraiser has made no 'survey of the property* 3. The Appraiser is not required to give testimony or appear in court because of having made the appraisal, un- less arrangements have been made prior to court appearance* A fee of $50900 per hours plus travel expenses must be paid for such appearances, if within-one ypar-after the date of this reports 4* The Appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil or structures which would render it more or less valuable. The Appraiser assumes no responsibility for such conditions or for engi- neering which might be required to discover such factors* 5- Information, estimates and opinions furnished to the Appraiser, and contained in the report# were obtained from sources considered reliable and believed to be true and correct* However, no responsibility for accuracy of such items furnished the Appraiser can be assumed by the Apprais- ero 6. Disclosure of the contents of the appraisal report is governed-by the "Bylaws and Regulations of the Society of Real Estate Appraisers"Oe Neither all, nor any part of the content of the report, 7. or copy thereof (including conclusions as to the property value, the identity of the Appraiser, professional designa- tions, reference to any professional appraisal organizations or the firm with which the Appraiser is connected) shall be used for any purposes by anyone but the client specified in the reportt the mortgagee or its successors and assignst mortgage insurers, consultantst professional appraisal or- ganizations or any state or' federally appro ved financial institution without the previous written consent of the Appraiserl nor shall -it be conveyed by anyone to the pub- lic through advertising* public relationst news sales or other media# without the written consent and approval of the Appraiser. QUALIFICATIONS of RUBEN BOETTCHER CRA EDUCATION Appraisal course Principles & Techniques of Residential appraising. Residential Appraising:University of Wisconsin extension Manitowoc, Wis. Society of Real Estate Appraisers 101 courses University of Wisconsin extension., Milwaukee. Valuation Course # 1 : Northeast Technical Institute Green Bay, Wis. Valuation Course # 2 : Northeast Technical Institute Green Bay Wis.. Valuation Course # 3 : Northeast Technical Institute Green Bay, Wis. PROFESSIONAL MEMBERSHIPS National Association of Review Appraisers, with a desigination of C.R.A. Candidate for SRA desigination ( Society of Real Estate Appraisers) Member of Rotary Club of City of Two Rivers Wisconsin Association of Assessing Officers International Association of Assessing Officers B Clients Served 10 Manitowoc Savings Banks Manitowoct Wise: 2. Manitowo.c County'Bankv Manitowoc# Wise 3. First Savings Association# Manitowoct Wise 40 Dept. of Housing and Urban Development I* Bank or Two RIverst Two Rivers 69 Citizens Lakeshore Banks Two Rivers 7. Frontier Savings Associations Two Rivers# Wise 8& State Dept* of,Veterans Affairst Madiso'no Wise 9* Wayside State Bank Greenleaf Wis. 10. Bank of Kewaunee# Kewaunee# Wise tt.- Employee Transfer Corp. Chicago Ill. t2e Chicago _ Northwestern Railroad 13* Executrans, Inc* Deerfield Ill* 14. Appraisers & Associates, Milwaukee# Wis* -Experience Engaged in fee appraisal work since 1971 Engaged in tax assessment work since 1952 -Types of-Appraisals lands Residential tracts and lotst farmlandiand lake and river frontagese Residentials Single family residences's multi family residences and apartment buildingso Commercials Storesp auto service & sales* m6tels., supermarkets' medical clinics etc. Reviewing residential appraisals under "Che U.S. Dept* of Housing & urban Development Rehabilition Loan Program EXCERPTS FROMt Town of Centerville Manitowoc County Zoning and Land Use Ordinance'Regnalations AM Ordinance Adopted April 69 1977 by the Town Board of the Town of Centerville Third Printing* Revised to Include all Amendments to April 1981 TOWN OF CENTERVILLE Ordinances Related to Construction Zoning and Land Use Ordinance (all construction) 1 I Purposes...................................1 II Definitions................................2 III Establishment of Districts ................8 IV General Regulations........................9 V R-2 Residential Districts.................12 VI R-3 Residential Districts.................13 VII R-4 Residential Districts.................14 IX A-2 Agricultural Districts................15 X A-3 Agricultural Districts................17 XI PRD-1 Planned Residential Development District...............................21 XII Business District.........................23 XIII C-1 Conservancy Districts.................24 XIV Special Permit Standards for Conditional Uses.......................25 XV Signs.....................................29 XVI Parking...................................30 XVII Nonconforming Uses and Buildings..........31 XVIII Administration and Enforcement............31 XIX Board of Appeals..........................33 XX Amendments and Changes....................36 XXI Violations and Penalties..................38 XXII Severability..............................39 XXIII Set-Backs.................................39 XXIV Sub-Standard..............................40 XXV Shoreland and Flood Plain.................40 XXVI Mobile Homes..............................40 XXVII Planning and Zoning Commission............41 Uniform Dwelling Code (one- and two- family) 43 Additions to Existing Dwellings 45 Repairing Fire Damaged Dwelling 46 Holding Tanks 47 TOWN OF CENTERVILLE ZONING AND LAND USE ORDINANCE REGULATIONS. An ordinance regulating and restricting the location, construction and use of buildings, structures, and the use of. land in the Town of Centerville and for the purpose of dividing the Town into districts. The Town Board of the Town of Centerville, under the authority of Sections 60.18 (12), 61.35, and 62.23, Wisconsin Statutes, hereby ordains, enacts, and publishes as follows: SECTION 1. PURPOSES It is the purpose of this ordinance to promote the public 'health, safety, and general welfare of the Town of Centerville, of Manitowoc County; and it is the intent of this ordinance to assure adequate living areas by preventing overcrowding and by providing lots of adequate size; by providing for a variety of housing types; by providing for shopping, church, and cultural facilities without disrupting the residential quality of the area, by preventing blight and slum development through the prevention of incompatible land uses; by encouraging attractiveness and sound development; to protect rural land re- sources; prevent rural slums and blight; :conserve the scenic beauty of the countryside; discourage uneconomical scattering of development; to assure sound commercial development by providing commerical areas of sufficient size and in the right places to serve the needs of the people; by encouraging planned, integrated commercial areas; b ringing out of y discouraging the st commercial development along major streets.; 'by recognizing the business districts of the Town's communities as the principal shopping area and hub of commercial functions for their respective market areas; to encourage the expansion of existing industry and now development by preserving industrial land from encroachment of non industrial uses; to conserve and wisely use the town's natural resources; to provide for the uses of land and buildings In such a way as to provide for economy in government. Notwithstanding any- thing contained herein to the contrary, compliance with federal, state, or county regulations shall not be altered. 12. Any separate residence established as premitted in either Sections IX or X hereunder shall conform to the requirements under IX D and E. SECTION V. R-2 RESIDENTIAL DISTRICTS. The following regulations shall apply in all R-2 Districts: A. PERMITTED PRINCIPAL USES. 1. One and two family dwellings. 2. Churches and similar places of worship,. 3. Convents and monasteries. 4. Public schools, parks, playgrounds and recreational areas. 5. Private elementary and high schools.. 6. Fire stations. 7. Public utilities. 8. Customary agricultural operations including a garden, nursery, greenhouse and usual farm. building, subject to the following restrictions: a. No building in which farm animals are kept shall be closer that 100 feet to any adjoining lot line. b. No storage of manure or odor or dust-producing substances shall be permitted within 100 feet of any adjoining lot line. No open manure pit or tank shall be permitted with- in 250 feet, of the road or any adjoining lot line. c. No greenhouse heating plant shall be operated within 50 feet of any adjoining lot line. d. No Products shall be publicly displayed or offered for sale from the roadside. e. No swine farms or fur farms shall be permitted.. B. PERMITTED ACCESSORY USES. The following accessory uses are per- mitted if located on the same lot with the permitted use: 1. Private garage. 2. Customary home occupations or professional offices conducted by the resident only, provided that there be no external evid- ence of such use except an announcement or professional sign not over three square feet in area. 3. Other customary accessory uses and building, provided such uses are clearly incidental to the Principal use and do not include any activity commonly conducted as a business. C. CONDITIONAL USES. The following uses are permitted on issuance of a special permit as provided in Section XIV. 1. Public building and institutions. 2. Hospitals, sanitariums, nursing homes, convalescent homes. D. YARD REQUIREMENTS. 1. Front yard set back shall be a minimum of 80' from the center line of road except on state and federal highways. (See Set Backs, Sec. XXIII). 2. Side yards shall each have a width of not less than 25 feet. 3. Rear yards shall each have a width of not less than 25 feet. E. HEIGHT AND AREA REQUIREMENTS. 1. No building shall be erected to a height in excess of 35 feet. 2. Lot width shall not be less than 150 feet. 3. Lot area shall be riot less than one acre. SECTION, VI. R-3 RESIDENTIAL DISTRICTS.. The following regulations shall apply in all R-3 Districts. A. PERMITTED PRINIPAL USES. 1. Same as R-2 Districts. 2. Two family dwellings. B PERMITTED ACCESSORY 1. Same as R-2 Districts. C. CONDITIONAL USES. The following uses are permitted on issuance of a special permit, as provided in Section XIV. 1. Same as R-2 Districts. D. YARD REQUIREMENTS. 1. Front yard shall be a minimum of 80' from the center line of road except on state or federal highways. 2. Side yards shall each have a width of not less than 25 feet. 3. Rear yards, shall each have a width of not less than 25 feet.. E. HEIGHT AND AREA REQUIREMENTS. 1. No building shall be erected to a height in excess of 35 feet. 2. Lot width shall be not less than 150 feet. 3. Lot area shall be not less than one acre. SECTION VII. R-4 RESIDENTIAL DISTRICTS. The following regulations shall apply in all R-4 Districts. A. PERMITTED PRINCIPAL USES. 1. Single family dwelling. B. PERMITTED ACCESSORY USES. 1. Public Garages. 2. Utility buildings not greater than 75% of the principal building. C. CONDITIONAL USES. The following uses are permitted on issuance of a special permit as provided in Section XIV. 1. Recreational area.. D. YARD REQUIREMENTS. 1. Front yard set back shall be a minimum of 80' from center line of road except on state or federal highways. (See Set Backs, Sec. XIII). 2. Side yards shall each have a width of not less than 25 feet. 3. Back yards shall each have a width of not less than 25 feet. E. HEIGHT AND AREA REQUIREMENTS. 1. No building shall be erected to a height in excess of 35 feet. 2. Lot width shall not be less than 250 feet. 3. Lot area shall no be less than 3 acres. TRICTS SECTION IX A-2 AGRICULTURAL DIS The following regulations shall apply in all A-2 Districts: A. PERMITTED PRINCIPAL USES. 1. Farms and farming related structures, provided no open manure pit or tank shall be permitted within 250 feet of the road or any adjoining lot line. 2. Dwellings as follows: a. Farm homestead. b. One additional single family dwelling or mobile home per farm. Any mobile home constructed shall be subject to the provisions of SECTION XXVI. c. One non-farm related single family dwelling per lot where no dwelling existed on April 6, 1977. d. Such additional dwellings as nay be approved by the planning and zoning committee subject to SECTION XIX of this ordinance. 3. Roadside stand for selling farm products produced on same location. 4. Forestry, sawmills, grain drying, cleaning or storage 5. Agricultural, warehousing, or storage for products pro- duced on thin same location. SECTION X. A-3 AGRICULTURAL DISTRICTS. The primary purposes of this district are to: (1) Preserve productive agricultural land for food fiber production; (2) Preserve productive farms by preventing land use conflicts between incompatible uses and controlling public service cost; (3) Maintain a viable agricultural ba3e to support agricultural processing and service industries, and, (4) Pace and shape urban growth. The following regulations shall apply in all A-3 Districts. A. PERMITTED PRINCIPAL USES. 1. Bookeeping. 2. Dairying. 3. Farming. 4. Floriculture. 5. Forest and game management 6. Grazing. 7. Greenhouses. 8. Livestock raising, except commercial feed lots. 9. Orchards. 10. Plant Nurseries. 11. Poultry raising, except commercial egg production. 12. Raising of grain, grass, mint and seed crops. 13. Raising of tree fruits, nuts and berries. 14. Sod farming. 15. Essential services, where such Services art, exempt from local regulation and have received a certificate under SECTION 196.491, Wis. Stats. 16. Vegetable Raising. 17. Viticulture. 18. Dwellings as follows: a. Farm Homestead. @U One additional single-family dwelline or mobile home per farm operation over 35 acres for occupancy by parents, children or employees of the farm operator. Any mobile home consturcted shall be subject to.the provisionsof SECTION XXVI- c. Existing residences at the time of the adoption of this ordinance, located in areas subject to this section which do not conform to the requirements may be continued in residential use and!shall n6t be sub- Ject to any limitations imposed;,: such-. existing Yesidences may be altered@,. repailred''or rebuilt if destroyed but are subject to setback., width and other dimensional requirements. B PERVITTED ACCESSORY USES. T.. Private Garage. 2.- Customary home occupation or professional offices conducted by- the resident only, provided that there be no external evidence of such use except an announcement or professional sign not over three square feet in:are.a. 3., Other customary accessory uses and buildings,. provided. such uses are clearly incidental to the@ pri Incipal use and do, not include any activity commonly conducted as a business. 4.: Roadside stands for the sale of farm products. 5.. Signs not be exceed twenty (20) square fe iet in area displaying the name of the farm, owner, farm organization or advertisine the products produced on the premises. 6.. Temporary siens (e.g. real estate,. for rent, bazaar, earage sale,, political, etc.) C. CONDITIONAL USES. 1. One additional single-family dwelling or mobile home per farm operation over 35 acres for occupancy by parents or operator. Any mobile home constructed children of the farm shall be subject to the provisions of SECTION XXVI. 2. Sand and gravel extraction, subject to permission of the Town Board. 3. Commercial Feed Lots. 4. Commercial Poultry Cperations. 5. Saw Mills. 6. Fur Farms. 7. Riding Stables. 8. Equestrian Trails. 9. Fish Farms. 10. Governmental uses such as fire stations, highway storage garages, solid waste disposal and sewage treatment plan ts, excavation or extraction, schools, parks, and campgrounds, airports, and landing strips. 11. Religious uses such as churches, schools and cemeteries. The sale and service of machinery used in agricultural production. 13. Facilities used for the centralized bulk collection, storage and distribution of agricultural products to wholesale and retail markets. 14. The storage and sale of seed, feed, fertilizer and other products essential to agricultural production. 15. Facilities used to provide veterinarian services for livestock. 16. Other agricultural-related, religious, utility, industrial or governmental uses similar to those listed (above) which are compatible with the purposes of this district, which do not conflict with agricultural use and which are found necessary in light of alternative locations available for such uses. 17. Gas or electrical utility uses not requiring authorization under Section 196.491 (3), Wis. Stats. The preceding list of conditional uses are permitted on issuance of a special permit as provided in Section XIV and the following standards. The Department of Agriculture, Trade and Consumer Protection, shall be notified of the approval of any conditional use. In passing upon applications for conditional uses, the Board of Appeals shall also con- sider the following relevant factors: 1. The potential for conflict with agricultural use. 2. The need of, the proposed use for a location. in an agricultural area. 3. The availability of alternative locations. 4. The productivity of the lands involved. 5. The location of the proposed use so as to reduce to a minimum, the amount of productive agricultural land converted. 6. The effect of the proposed use on water or air pollution., soil erosion and rare or unreplaceable natural resources. D. YARD REQUIREMENTS. 1. Front yards, shall be as required in SECTION XXIII. 2. Side yards and rear yards shall each have a width of not less than 25 feet. 3. Notwithstanding anything to the contrary in this Section, no open manure pit or tank shall be permitted, within 250 feet of the road or any adjoining lot line. E. HEIGHT AND ARE REQUIRMENTS. 1.No building shall be erecte in excess of 60 feet, except that farm structures or parts hereof not used for human occupation nay be erected to height exceeding the limita- tions of this district provided that such structures con- form to the regulations of the Manitowoc County Airport Height Limitations Zoning Ordinance and does not present a hazard to aircraft in or adjacent to the county. 2. Lot area shall not be less than 35 acres. SECTION: XI. PRD-I PLANNED RESIDENTIAL DEVELOPMENT DISTRICT. The Planned Residential Development District is intended to allow for cluster developments, garden apartments, row housing and group housing, A planned Residential Devlopment District ray be established only after applilication is made by the property owner, or his authorized agent,. to the Town Board and the public hearing; and amendment procedures estab- shed in Section XX are followed. Such a district may be established within A-2, R-2, R-4, and R-4 districts, subject to the following provisions: I . Permitted uses include single and multiple family developments and normally attendant accessory uses. 2. Mobile Home Courts-Mobile home Courts shall be permitted in PRD-1 within an R-3 area only. 3. The underlying district regulations, including dwelling types, minimum lot area and yard requirements may be varied, provided that adequate open space shall be provided so that the average intensity and density of land use shall be no greater than that permitted for the underlying district in which i t is proposed to be located. A site plan shall be submitted with the application and shall include street design, number and general location of dwelling units, common structures and facilities, utilities, and other information that the Town board or its delegated authority may require to make a decision. SOILS & SUBSOIL TYPES Red Areas Indicate Soil Types Which Possibly Would Accept Septic Systems INSET C 110 (jo;ns ;nset 0, lower left) R. 23 E. 2 603 ODO FEET ZUB Bice, .7 .7@T sa '.-'0 5.; aa SB ,J."L r-4 Aa V37 26oooooi-EETT 2 601 vM - 2= AND 500D.FMT GRO 7wxs -7-7 --- -------- 170% /.,7' rE`4 PER, C Mal, 4rl J, .mo 14 14 2.2:4- 1-7c-:t ro4 (41 ID )re- -,ad- A!Tff 7@11*7.lq r -0 .@A- -Z-IAI.--- 4 15 k) 22 SUBJECT PROPERTY With Tax No.'s MAI\JIIUWUU L 18 -19 N.- R. 24 E. SEE PAGE Z7 /07 91 wo, Alrjke5 40 qq "led Fled tV- R lea C Ae,e . -PO to _0 ......................... M 21 a 21 D-@ ID-- ;VI7. f1heb r,t d./erv ? 4Z TC .4yro. J2.9 fs R i-4 I ICL 18, AUJITO 20. MA I OWOC qw. UAI Rs ............ -p-: ... ..... .. ... ..... ..... N.W. -IS /N6. cIt 010/5 CK Oci A112F b T@ Re kV,- %..OL_IN I "INV 11 L_ L_ mr@ PAC 13 N. F I t LIZ` _T. Mv 121 ew 4K Id PA A. 14o sz 4 '0 % ed" ?7 va A: o 14 4t v. 3737 0,4 IZZ @d 'I' iN q-4 (/cc c 7.,er 73 A" AF "AW 4z A. 45 3k, 7, 71* 15 -Y qG We os 4- broc A' 3094'/Gr@' oo 12- Alo [email protected] 3jqlbre h so -11 o 7c 51 &Ive,5iOcr If -1 Kben 'i " I o wo'b ,' 4141 e, fer-1 ee a ler erner d"'D @F I; 1917az -v 79 to, - /13 1 ; Har@@y m &S . JS il 1@ A/2, 4QU 6o V.5, e 7 Ob ovr '.4@4t elr " %R -cc ay Harlan Rlbrecbf c.?Z-,roe2'7e AbO d,-.cA,,, f -4 1so rF ,&I , A, . / t 1) R 2o lie f3 Ire 0 HER AM 2 rd"o-h GeO kj do- mb @dc J 11 LEA Po %_Zvoelll '.c h 5 Ao 92 4.0 lilt V. 01*h YX k ycf 7 A, Ab tv he,e, A/'thaevp LEV A;O_t:. Z ocjia ;T_7 '41n VASMANCrOM 3C S5 V Z' -a Acf Cr 2o G@ z uwl@ CLEMOLAI r jo A6 Me,- h-,16,p sp. *e 0- AA01ber t 'I, 't 3 1 Z'5 -T rz 'v r, r dc0im'de 13 /vbr6 rr-; 200 .5" 67 A Fr me AN' d)AqU R.. kjor ct. "ap PUbA3, r"c, Re v A-4460 0 OT T 18 N:-R. 23 E. EWTON 5 PA CE 19. srn (U-11f) CONS Muc Er v j C, 41 0 Sri CR n Masa -d kco c q;-j (Z' 1 4. L@e6kv- le GLO 4D.8 37;@ 1 F L Z.e bAfe e A L du EW e@e le, r /ffS 20 j J.CA@ V j 4.elb'e 3 't -1-2 N, A!&v,4ha sd ar %I A? c Ia,/e -At- '6. 19 PM 0 IL 034, pv- LA YERS .3 /fis;a -xr I J, 91 W, kvbak Plan cr 7 sa U) FIT- IV Avz, 37 At ca 14 A-ed _r C 1 11 .. -17-51 'ell -j I s Yd AP 'eyc alf R-pp W) V. 5onn _qq 1.0 1@4 1@ i TUT, c @,@w @=,Ccl -p'. L, VA 4747 FA 1. F r"-ft 4j@. o s 011P .7 @A, qo ;@t' t G 1P , EZ-Z e- 21 9 IA. u L 7.93% 2S Jo -@,6 -10 @q q1, .4 %6 vif iz@ U-ti 4 Litc Z'c I -, - A. J7 3.- T u iHEIM 5c 3 C.1 I- (Q ;,z 3 d q A, 141 10 S9 Al. -,Z 7@. V,5. S,EE PA CC 14 CON5T,9UCrIOIV) a MANITOWOC RAPIDS T 1 9 N-.R.23 E. SIT PAGE ?5 LA D W^m e- Crao" Aol@m ITR N'0" c. e/ e" (tunk 2..3,8 7582 4-1 -7- I --- - 12,05 RANC H@. all, Aa, 'c '5'a "ch 7 .31- va-e3. 10 CjLsll@ ,,, - - %, V C1.6 I epch 021ZA'7' e.%r,r 7217 IO)r.U &5 33 4' op chard T h' gw TRO-CT* A: IVIIr. I- I I k 14 P0 :2 kv- "7 94' Gera/d -6 t! CenZkq L -ZC X &7.9 IL bon KEL 41: Z@v 5k go. V) Qrlar701- H1,5D.- i@l a 3 ..... ..... 'j lz Z!, 3T V) F .urrm, Kr-, 11c at 0 Vic ... ......... 1-r I I . .-I.. Ab@ 14. 4) 's Ic 'd 0 C Ahn veft- 4. qj r, .. . . ....... .. ........ .. '@y 4f .... . .. ..... &'cr x" "r6' ar A4,11.1' 14, .............. ..... ... . ... ...... ).rc. 01 Imt rECH 1 NJ TOWO ;@'7 T 3.@4 -1 a,-nrler Arled. J6 pilt IT 16--:6f 4 141 V. r 135 R-e SZ PC A;- k ,IaQCA, L-J 77. /@y 42 711@1 e 43 7@ W V7E-49AIN 5-r--j I SEE PA GE --4'\43 @Wap Ajbl.3., Z--@ AleV. A-CeO UNDER CONS TRLKTIO@ SKETCH PHOTO 40 7@ 41161 LEG" DESCRIPTIO21: Part of S74' 6%-1-1 PHOTO DESCRIPTION: 8/29/81 4 secti,:-,n 18 T. 18 R. 24 -LookingNortheast from cownty trimk 11LS11 1M GRANTOR: Dorothy H. Stangel GIU.NTEE: Bernard R. Stancel and Jeanette SALE DATE: 1OA5/80 DOG. TYPE: L.C. VOL- 655 PAGE: 291 VERI]Fjj.:D By.- Bernard R. Stangel SALE PRICE: @,2 000 AREA: AcREs. 7.205 SQ.-FT. 313,850 F.-F. 529 -WATER FROWAGE 284 R-3 I and 2 Family residential Z014111Z: A PRICE PER: AM. 2915 SQ.FT. .067 F.F. 39-70 L F. 14ATER FRONTAGE 7-3 CO@XENTS Fairly level bcing aPp,rw: 51 below st,reet grade. Appears t4l1able. Not beln- far@@ed at this t3ine. Presently listed for sale. Askin- '10,000 for parcels that are a@:):)ro > 12- acres. Oviner says Lhe land perks for mound Sy3teM only. 2 OIMLILO Uallm 0"Jua LIUCILDE.M 4 gal SKETCH PHOTO %J TO 0 *L'tp, LEGAL DESCRIPTION: Part of Gov' t. Lo t 2 in PHOTO DESCRIPTION: 8/29/81 Section 11-T-17 R. 23 Looking east from County TrLu* Q. GRANTOR: Ed-ar R. Gillif?an and GdFaidine G LRA 11T 2 EY'argaret S. Sa-,ra,,e SALE DATE: 9/7/79 DOC. TYPE: W.De VOL- 634 PAGE: 1 59 Robert Brandl Mtwc. Co. Register of Deeds VERIFIED BY: SALE PRICE @47, 500 ARF-A: ACRES 21 SQ.FT. 914,760 F.F. -360 WATER FRONTAGE 551-1- ZO';,a;NG: R-2 Residential 17 ?RICE PER.* ACRE 2262 SQ.FT. .052 F.F. 131.94 L.P. 14ATER IFROIJTArE 86.1 C02-RiENTS Fairly-level. '.Appears tillable. Presently being farmed in front. New large residence be-Ln,--l built on East end overlooking take Michigan near the bank. SKETCR PHOTO "4, LEGAL DESCRIPTION: Purt of Gov't. Lot I in PHOTO DESCRIPTION: 8/29/81 Section 14 T Looking East from County Trunk .."LS" .17 19-23 C@ L'T OR: G. "ichael.Simon and Bo--bura AN V ki, GR@ANTEE: Jan Ilan 3pij',,-er_and-Barbara Ann I SALE DATE: 7/28/81 L.C. 669 400 F DOC. TYPE.. VOL. PAGE.- t"'VERIFIED BY-.- Robert Brandl 1,-.twc. Co. Register of Deeds ,12. SALE PRICE: 000 000 du.@rzi 7J/ remainder '200 per month at 11' 1.15 112.2 135 AREA: ACRES SQ.FT. 50,094 WATER FRO'CUAGE ZONING: R-2 Residential PRICE PER: ACRE 10., 1434 _ SQ.FT 0.24 -F.F. 106.95 L.F. 14AT-PR FRONTArE 88.@ COMENTS: Open land,,, gently rollito- with good vie-vi of Lake Nlichi-an. Ideal building sitte. Approx 41 above road grade. SKETGH PHOTO V K LEGAL DESCRI PTION-: Part of Gov't. lot1 in PHOTO DESCRIPTION: 872-978-1 --14 T Looking east from County Trunk 11LS11 Section .17 R.23 G RIMN 0 R Eldred J,-z-,es Hornung and--Gatherine Joseph P.- 11.,'oil -ar Cicel yLEE:- -y GRA, SALE DATE: 10/10/78 DOC. WPE: L.C. VOL: 614 PAGE: 172 Robert Brandl 11tvic Co. Register of Deeds WERIF- IED BY: SALE PRICE: -57., 003 Q2@,000 down- 14/ $5, 000 pa-id in 3 installments at .9% AF F1 ACR E- S1.45 SQ.FT. 63.,162 F.F., 244.8 WATER FRONTAGE 110 R-2 Residential PRITCE PER,: ACRE 4828 SQ.FT. 0.11 F.F 28.60 L.F. 14ATER FRO'LUAGE 63 &1 J-1coy-H-EWS: Sparsleywooded-. Approx. 50% with Pine trees planted 20 years ago. Gently rollin,-. .Approx. 51 below road grade. 2 cabIns hav:e been built since purchase. 01 z"' 'P@ ARM /S;z LEGAL DESCRIPTION: Part of E PHOTO DESCRIPTION: 8129781 -s-ction 22 T-17 R.23 Looking west from County Trunk "LS" ,iTif e John X. Husband and GRAN'TO life GRANTEE:__Robert A.jaczrarowski and 1/29/79 617 SALE DATE: DOC. TYPE.- W*D* VOL: PAGE: 173 VERIFIED BY: Robert,A. Kaczmarowski -00. .SALE PRICE:- 5 000 AREA: ACRES 14.27 SQ.-FT. 621,,601 F.F. 637.26, WATER FRON73AGE ZONING: A-2 and AR-2 (At time of.sale) Nmi zoned A-3 Agricultural PRICE PER: ACRE 2102 sQ.FT. .048 F.F. 47.o8 L.P. WATER FRONTAGE COMMENTS: High land.. Level in front and gently rollin*rr at rear. Wooded on the North, West and South lines. Asswmed to be buildable. Appears to have same soil as .sub-;ect. Pad been baught for home site but was found to be unperkable and.since traded off for anoth( @Eome site. SALES DATA SALE NUMBER 6 SKETCH PITOTO N C3 PHOTO DESCRIPTION: 8/2-9/81 LEGAL DESCRIPTION: Part Govt Lot 1 J,,--;no west Northwest from Co unty Trunk "LS" -of County Trunk LS in SE Lookin se, Se'tion 22 T.17 R.23 6ANTOR: 'Carlton Brehmer Brigitte H. o1nns-on GRANTEE: SJUE DATE: 11/26/79 -DOC. TYPE: W.D. VOL: 640 PAGE:. 200 Robert Brand6l, yt,,je Co. Register of Deeds Vz.RIFIED By. SALE PRICE: $33,-400 '7 A PEA: ACRES 18.53 SQ.FT. 807,,lo F.p. 1.,326 IWER FRONTAGE 0 41NG: A-3 Agricultural 1. PRICE PER: ACRE 1802 SQ.FT. -.041 F.F. 25.19. L.F. WATER FRO*,qTAGE and presently being cropped with corn and it Is level at road grade. Tillable appears@ to be a Lood crop. for additional to an existing operating farm. Purchasec SALES DATA SALE IMMER 7 SKETCH PHOTO 0 LZAL DESCRIPTION: T PHOTO DESCRIEnION: he W@@ W_2@ 1"'W1',_- 'Of 8/29/81 Lookin- South fz-om South C1 la 3 Lion T-17 R-23 eve nd Road. Belitz Brothers Inc @@GRANTOR: ,@GJL EE: Lee L. Lindsey and Marion K. ;-pA[ DATE: 2/20/80 DOC. TYPE L.Cj. VOL: 6-' cl) 'PAGE: 283 Robert Brandl 11twc Co. Re-ister of Deeds fiERIFIED BY: 0 '80,000 ;P10 ,000 (Bld-s U0.,000)* Land value A PRICE: P ACRES SQ.FT., 1, 742,300 F.F. 66o TaTER FRONTAGF, 40 @,4(0) t,,G. C-1 Conoervancy PRIE PER: ACRE 2500 'SQ.FT. .057. F.F. 151.52 L.F. WATER FRONTAGE metal buildings ..;i th est value of - 0, 000., bal is to the land. Land is c@ ;?2 and appears till-able. Has a small low spot in Northwest corner. Wooded on South end. AS N, .a A SALES DATA 5ALE Mr,7jBzR SKETCH PHOTO -:4 tz 1 135 LEGAL. DESCRIPTION: Part SIEL SW-@ of PHOTO DESCR 8/29/81 TPTION:_ Section 1 T.18 111.23 Looking Northaest f r om. Silver Creek Road. GRANTOR: Stephen C. Koehler and Kathr,,n GRANTEE:- David J Ifirotek and Barbara SALE DATE: 4/14/81 665 306 DOC. ME: VOL: PAGE: Robert Brandel 1,11twc. Co. ?.e:7ister of Deeds VERIFIED BY: SAM, PRICE: @)23, 000 AREA: AcREs 5-57 SQ.-FT. 242,629 F.p. 375 14ATER FRONTAGE A-,R Agricultural and Residentiial ZONING: 0 PRICE PER: ACRE 4129 SQ.FT. .095 @F.F. 61.33 L.F. 14ATER FROW3AGE C ME' balance is tillable. New home 01 NTS Gently rolling. Heavily woodei in rear errected since purchase. Another building site -could be established. SALES DATA SALE YMBER .9 SKETCH PHOTO T -p I MM 6- LEGAL DESCRIPTION: Tracts 4 & 5 in TE @4@ T 4@o f PHOTO DESCMFTION: 8/29/81 aection I.T.18 R.23 Looking North-,est from Silver Cr-aek Road I-'elvin Schnuelle and Inra GRANTOR: GM NYT E E Curtis Pozorski and Helen MSALE DATE:__ 11/21/80 DOC.' TYPE: L.C. VOL: 657 -PAGE:, 682 'ERIF Robert Brdndel Mtwc Co. Recister of Deeds IED BY: E: i@lzp, 500 $2.@ OC)O down and -@,12, 500 in 7 years at 81- SALE PRIG 2 P @@ S SQ.FT. 395j,525 F.F. 607-52 WATER FRONTAGE EA: ACr .9.08 A-H Agricultural and Residential 1--RICE PER: ACRE__122L_ SQ.FT. .037 F.F. 23.29-- L.F. I.IATER FRONTAGE C0*1"-V-1ENTS 2 acres open and ass' _d to be buildable. Rest is heavily wooded Vlith varying Lopo. Best use appears to be residential for 1 building site. SALES DATA SALE W.HBER 10 SKETCR PITOTO Z@X2_6J-1-SAI-61 fto:m% 0", A- j in PHOTO DESCri-,>TTONa:- 8/22L8-1 11LAL DESCRIPTION:- Part NE4 E Road- Wetion 19 T.18 -H,.23 1,ooking Northwest from Sbuth. Union @,?,ANTOR 1athew' Meyer James C. Krall, and Ida W.D. VOL: 6148 __yA(;E: 72 JILE DATE: 6/13/80 DOC. TYPE: ERIFIED BY: Robert Brandel jjt@@c. Co. Jegist-er-of Deeds LZ PRICE: Mj,000 cRES 7-95 0 A SQ.-FT. 34",,199 F.F. 777.4 JWTER FRO A-H Agricultural and Residential Is perkable ICE PER: tCRE 2138 SQ.FT. .049 F.-F. 21.87 L.F. I-IATER FRONTAGE, -014@1-!ZNTSA ox. 21 below road grade. Rear' 75i-;'@ wooded with young Popular Growth.' b USUmed to be buildable on North end. New house has been built orl the South End of' the rn located di SALES DATA SALE NUMBER Xj_ SKETCH PHOTO 0 IGAL DESCRIPTIO Zl: Pa rt 5, 3 S o f PHOTO DESCRIPTION: 8/29/@.l Section`34-T.19 R.23 Tract 27B of Cert. Surv. Lookinl- West from Valley Drive. 8 527 being part of Silver Lake Estates. GRANNTOR,. -tark Patricia I'l. Schi 11m, H. lorron and-Barbara tTrEE LE DATEt. 9/5/80 DOC." TYPE: W.D. VOL: 652 PAGE: 630 ,iRIFIED BY: WT.-. H. Vorron PRICE: ILE APUSA: ACRES 1.50 SQ.FT.. 65j391 F.F. 168*35 MTER FRONTAGE A-1 1 Family Residential C EPER: ACRE 7333 SQ.FT. .168 F.F. 65.35 L.F. WATER FRO114TAGE is level approx. 31 below -ice purchase. Front 30% W.S: Is percable. Homme bullt sL dgrade. Rear raises approx. 121 above road grade. PARCEL A -W- vriew looking N from CITH 1,'S" at 34 I" cre parcel of 'W5' land. 8-31-,.J Photo taken 7. PARCEL A ,,;f-,w looking S,4- -A& & --Amu-. Sof 'TH IIL at end of 34 a v C 0, 1 1Y 0 0 taker, 8-31-81 @j Id 4,1 E.O-4 PARCEL B @je-,v lookin- ,LS" at a r C, e I wooded a c re A photo taken W --,"j % 4 0i'Ai PARCEL C view looking north along shore -'L-,o Fischer Cy@eok from top of bank at turn around on 2nd road from south. Photo taken 8-29-81 E5 PARCEL Q View looking south from bridge on sub- ject showing rise in 'elevation of land. -Photo taken 8-31-81 ffi PARCEL C, View looking south along shoreline from north end point towards Fischer Creek. Photo taken 8-31-81 ;7 View looking south at portion of Par- c el "C" that is lo- cated in Village of Cleveland. Pho o taken 8-29-81 PARCEL C View looking N.E. from southernmost Ov exUting road along shoreline from top -of bank. Photo taken 8-29-81 PARCEL C. View looking north from south road at level area between CTH. "LS" lakeshore bank. .15 11 7, A) 01 FF Photo taken 8-29-81 PARCEL C, View lookinG north f rom observation NMI RN point aloi-ig northerly Ia MW MOR shoreline of" subject. Photo. taken 8-31-81 PARCEL C View looking south". from observation z point towards Fischer C i0ee k. -77 Photo taken 8-31-81 PARCEL C PO @,-O;, 045 a t View looking eas rip rap from obser- U vation point. Photo t aken 8-31-81 elf-- .7- 7 AkI View lookitig east at Lake --iigan from bridf-@-@i:, also shows some rip rap. Photo taken 6-31-81 PARCEL C View of Fisc),,er Creek looking west tl', -7 -bridg -rro7,, _e. Fhel-o takeii 8-31-81 P11RCE1, C A. Z- Looking northwest bridge at Fischer at A-, Creek. Photo taken 6-31-81 PARCEL C looking so uth View along lakeshore from Fischer Creek. -31 Photo taken 8 -81 PARCEL C View looking north from Fischer Creek iIalong shoreline of subjects also shows i single family develop- ment in background, Photo taken 8-31-81 7, PARCEL C View looking north from Fischer Creek showing road and rise In ele- vation. @4' Photo taken 8-31-81 ^Xr DAM DUE GAYLORDIND. 2333 PRINTEDINU.S.A. 3 6668 14108 2380