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<br />
<br /> TWIN LAKES REDEVELOPMENT AREA
<br /> n_ _ _____.~n..._ -- -- ~..._._._--~~._--~._----"'-"'-_.._"-
<br /> DEVELOPMENT AREAS 1 - 5 & 8
<br />~_......._~- SOURCES AND USES
<br />_I 1 10.00% City Admin _Fees IArea 1-West lEast & 2-North/E, 2-South, 3 & 4 5 8
<br />1- -1---
<br />--L-J 2.50% Inflation Units 0 300 0 175 120 595
<br />__L 1 1.04922 Tax Rate Sq. Ft. 310,000 0 350,000 0 0 660,000
<br /> I I 31.827% Fiscal Disparities Acre~ 11.15 17.00 30.20 9.46 6.11 73.9
<br /> Land Sale Proceeds Summary --
<br /> Per
<br />-L Unit!
<br />Land Payment Sq. Ft.
<br /> Commercial! Retail of Bldg
<br />-- I 0 I Big Box Anchor _._~-- $ 26.00 I 01 0 0 ':\ Qnn nnn
<br /> 01 3,900,000
<br /> o Junior Anchor i 26.00 I 0' 01 .-Q .Q._- 0 0
<br /> i 0 i office i Warehouse _ 1-6.66 i ______~i__ - .. ......
<br /> I 0 0 0 0 c; d?~C;-n-nn-
<br />To I Office - corporate --i- 17.50 5,425,000 0 0 0 0
<br /> I 0 i Retail/Office i 30.00 0 0 4,200,000 0 0 4,200,000
<br /> I
<br /> o I Restaurant 35.00 0 0 2,100,000 0 0 2,100,000
<br />1__V~ental 0 0 0 0 0 0
<br /> ! 0 I Market Rate $10,000 0 0 0 0 0 I 0
<br /> o Market Rate 10,000 O. 0 0 o 0 i i 0
<br /> Owner Occuoied 0, 0 0 __-L~90,80~_ __ .. 111,9~
<br /> o IArea 8 housing $16,590 0 0 0
<br /> 0 Area 1 E & 2NE housing I $ 17,500 0 5,250,000 0 o I 0 I ' , 5,250,000
<br /> 0 Urban RowsfTH Flats $21,000 01 0 0 2,625,000 0 2,625,000
<br /> 0 New Urban Townhomes $19,600 0 0 0 980,000 I 0 980,000
<br /> ---------------- ------------------ ' ----------------- ---------------- ----------------- -------------------
<br /> Total Landr:'_a1!TI_e~t 5,425,000 5,250,000 10,200,000 3,605,000 1,990,800 I 26,470,800
<br /> ---______-1 . 0
<br /> -_.__..- ...-- -'--'---
<br /> r. / ~etail $ 23.67 5,425,000 0 10,200,000 0 0 I 15,625,000
<br /> Rental 0 0 0 0 0 0
<br /> Owner 7.00% 0 5,250,000 0 3,605,000 1,990,800 10,845,800
<br /> I ---------------- ------------------ ----------------- ---------------- ----------------- -------------------
<br /> Total Land Payment 5,425,000 5,250,000 10,200,000 3,605,000 1,990,800 26,470,800
<br />I I I 0
<br />
<br />Twin Lakes 17a.xls
<br />
<br />Prepared by Krass Monroe, P.A.
<br />
<br />7/6/2004
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