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 floodplain 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 land for residential use

The property is 100 acres. The market - demand allocates 75% of land for residential use. So the land for residential use is $100\times0.75 = 75$ acres. But local streets take up 25% of residential land. So the net residential land is $75\times(1 - 0.25)=75\times0.75 = 56.25$ acres.

Step2: Calculate land for commercial use

The market - demand allocates 25% of land for commercial use. So the land for commercial use is $100\times0.25 = 25$ acres. And 15% of this is taken for utility easements and floodplain. So the net commercial land is $25\times(1 - 0.15)=25\times0.85 = 21.25$ acres.

Step3: Calculate net developable acreage

Net developable acreage is the sum of net residential and net commercial land. So it is $56.25+21.25 = 77.5$ acres.

Answer:

77.5 acres