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<br />Independent School District 623, Roseville, Minnesota <br /> <br />School Site <br /> <br />Acres <br />'Square Footage (S.F.) <br />S,F. Per Acre <br />Gross Offer Price <br />Price Per Acre <br />Price Per S,F. <br /> <br />Everest <br />76,5 <br />3,331,258 <br />43,546 <br />$2.698.319 <br />$ 35,272 <br />$0.810 <br /> <br />Lundgren <br />76.5 <br />3,330,448 <br />43.535 <br />$2.857,524 <br />$ 37,353 <br />$0.858 <br /> <br />SOURCE: Assumptions are based on information provided in the RFP and the proposals submitted by <br />Everest and Lundgren. <br /> <br />Soft Costs (Up Front Sale) <br /> <br />If the District was to sell the land "as-is," it would incur certain soft costs related to the sale of <br />the land. For the purposes of this analysis, that amount is estimated to be $100,000, <br /> <br />Title & Recording <br />Legal <br />Development Consultant <br />Fiscal Advisor <br />Contingency <br /> <br />Total <br /> <br />$ 20,000 <br />35,000 <br />15,000 <br />10,000 <br />20.000 <br /> <br />$100.000 <br /> <br />SOURCE: Assumptions are based on information provided in the RFP and verified through discussions <br />with Mr. John Thein and Mr. John Shard/ow on April 5, 1994 and July 14, 1994. <br /> <br />- Estimated Net Cash to District - Up front Sale. <br /> <br />The estimated net cash from an up front safe to Lundgren would then be $2. 757.5~4. <br /> <br />J <br />~ <br />I <br />1 <br />} <br />) <br /> <br />~ SPRINGSTED <br /> <br />Page 3 <br />