HomeMy WebLinkAboutSilver City Mobile Home Park 08-31-2020Replacement Cost Method
Appraised Value
(Installed Plant Cost x Species % x Condition % x Location %) + Staff cost)
Installed Plant Cost = Replacement Plant Cost + Installation Cost
Case # 09-20 Address: 3860 S Higuera St, San Luis Obispo, CA 93401
Date: 09-09-2020
Appraiser: AHW City of San Luis Obispo Certified Arborist # WE7237-ATM
Field Observations
1. Species Washingtonia robusta (Mexican Fan Palm)
2. Condition 90 %
3. Trunk size: Inches in Diameter @ 4.5 feet above grade. Size (DBH) = 16” Total = 16”DSH
4. Location % = [Site50 %+ Contribution 50 % + Placemen 50 %] ÷ 3 = 50 %
5. Removal and Cleanup Costs for appraised plant and or staff time = $ 120.00
(staff time rate $60.00 per hour) 2 hours x $ 60.00
Regional Plant Appraisal Committee and/or Appraiser-Developed or Modified Information
6. Species rating 90 %
7. Replacement Plant Size (Foot) _10_ Feet = 10 feet tall
8. Replacement Plant Cost (1 foot = $80.00) x 10 feet =$ 800.00
9. Installation Cost ( $800 x 2.44 ) =$ 1,952.00
10. Other Regional Information palms are priced by foot @ $75.00 per foot
Calculations by Appraiser Using Field and/or Regional Information
11. Installed Plant Cost = Plant Cost (#8) $800.00
+ Installation Cost (#9) $ 1,952.00_ = $ 2,752.00
12. Adjusted Installed Plant Cost =
Installed Plant Cost (#11) $2,752.00 x Species rating (#6) 90%
x Condition (#2) _90% x Location (#4) = 70% = $ 1,560.00
13. Add Removal and Cleanup Costs (#5) (and or staff time) 2 hrs. = $120.00 = $ 240.00
14. The Appraised Value is either #12 or #13. = $ 1,800.00
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 N/A = $ 1,800.00
16. Appraised Value (#15) = $ 1,800.00
17. Per City of San Luis Obispo Municipal Code x = $
18. Replacement value = $ 1,800.00
*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