Question

4314 developers, llc is considering purchasing a property for a land - development project. the property is 100 acres. the city has 10 acres worth of arterials and utility easements planned for the property. the market demand for lots allocates 75% of land area for residential and 25% for commercial. there is a 15 - acre utility easement on the property. local streets will take up 25% of residential land and 15% of commercial land. determine the net developable acreage. (2 points)

Explanation:

Step1: Calculate total non - developable land

The city has 10 acres of arterials and 15 acres of utility easements. So the total non - developable land from these two sources is \(10 + 15=25\) acres.

Step2: Calculate land taken up by local streets in residential area

The property is 100 acres. The residential area is \(100\times0.75 = 75\) acres. Local streets take up 25% of the residential land, so the land taken up by local streets is \(75\times0.25=18.75\) acres.

Step3: Calculate total non - developable land including local streets

The total non - developable land is \(25+18.75 = 43.75\) acres.

Step4: Calculate net developable acreage

The net developable acreage is \(100 - 43.75=56.25\) acres.

Answer:

56.25 acres