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HomeMy WebLinkAboutChorro and Higuera tree claimReplacement Cost Method Appraised Value (Installed Plant Cost x Species % x Condition % x Location %) + Staff cost) Installed Plant Cost = Replacement Plant Cost + Installation Cost Case # 09-22 Bath &Body Works Address: 842 Higuera St, San Luis Obispo, CA 93401 Date: 08-09-2022 Appraiser: AHW City of San Luis Obispo Certified Arborist # WE7237-ATM Field Observations 1. Species Cupaniopsis anacardioides (Carrot wood) tree 2. Condition 70 % 3. Trunk size: Inches in Diameter @ 4.5 feet above grade. Size (DBH) = 16” Total = 16”DSH 4. Location % = [Site100 %+ Contribution 100 % + Placemen 100 %] ÷ 3 = 100 % 5. Removal and Cleanup Costs for appraised plant and or staff time = $ 1080.00 (staff time rate $90.00 per hour) City staff and Contractor staff Regional Plant Appraisal Committee and/or Appraiser-Developed or Modified Information 6. Species rating 50 % 7. Replacement Plant Size #15gal = 1 inch diameter 8. Replacement Plant Cost (1 #15 Gallon = $100.00) x 16 inch =$ 1600.00 9. Installation Cost ( $1600 x 2.44 ) =$ 3,900.00 10. Other Regional Information Trees are priced per tree @ $100.00 per tree Calculations by Appraiser Using Field and/or Regional Information 11. Installed Plant Cost = Plant Cost (#8) $1600.00 + Installation Cost (#9) $ 3.900.00_ = $ 5,500.00 12. Adjusted Installed Plant Cost = Installed Plant Cost (#11) $5,500.00 x Species rating (#6) 50% x Condition (#2) _70% x Location (#4) = 100% = $ 1,925.00 13. Add Removal and Cleanup Costs (#5) (and or staff time) 2 hrs. = $1080.00 = $ 1080.00 14. The Appraised Value is #12 + #13. = $ 3005.00 15. If the Appraised Value (#14) is $5,000 or more, round it to the nearest $100; if it is less, round to nearest $10 16. Appraised Value (#15) = $ 3,000.00 17. Per City of San Luis Obispo Municipal Code x = $ 18. Replacement value = $ 3,000.00 *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. G:\Asset-Management\Trees-Urban Forestry\Illegal Removals\Template Forms & Letters\TEMPLATE Replacement Cost Method.doc