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HomeMy WebLinkAbout1628 Nipomo SteetReplacement Cost Method Date: July-15-2021 Appraised Value (Installed Plant Cost x Species % x (Condition) % x (Location %) + (Staff cost) Installed Plant Cost = Replacement Plant Cost + Installation Cost Case #_______ Address of Illegal Removal: 1628 Nipomo Street Appraiser: Anthony Whipple Certified Arborist # WE-7237-ATM Field Observations 1. Species Cost Live Oak (quercus agrifolia) 2. Condition 75 % 3. Trunk size: Inches in Diameter at 4.5 feet above grade = 12-inch Diameter 4. Location % = [Site 60 % + Contribution 60 % + Placement 60 % ÷ by the number of trees =__60__% 5. (Staff time rate $72.00 per hour): 3 hours X $72.00 = $___217.00________ Regional Plant Appraisal Committee and/or Appraiser-Developed or Modified Information 6. Species Rating 90 % 7. Replacement Plant Size (diameter) _1 Inches X number of trees__50_____=___50__________ 8. Replacement Plant Cost __12____inches X $__$80_____ =$____960______ 9. Installation Cost $_____960___ X_2.44____ number of trees =$___2,342_______ 10. Other Regional Information: Readily available in 15 (gallon) size _1” trunk diameter Calculations by Appraiser Using Field and/or Regional Information 11. Installed Plant Cost = Plant Cost (#8) $__960__ + Installation Cost (#9) =$__2342_____ = $3302 12.Adjusted Installed Plant Cost = Installed Plant Cost (#11) $__3302_____X Species rating (#6) _90___ % X Condition (#2) _75__% X Location (#4) __60___% = $ _1,337_______ 13. Add Removal and Clean-up Costs (#5) $__200______(and or staff time) $200 = $ ___200_____ 14. The Appraised Value is either #12 or #13. =$ __1,537____ 15. If Appraised Value (#14) is $5,000 or greater, round nearest $100; If less than $5,000 round to the nearest $10 = $ _1540______ 16. Appraised Value (#15) = $__1,540_____ 17. Per City of San Luis Obispo Municipal Code 12.24.170 A $_1,540 X 2 = $ 3,080____ 18. Replacement value: = $ 3,080 *A median cost is the most appropriate cost to use because there are an equal number of costs greater than and less than the median. Equally important, plants and installation are available at those specific costs.