Laserfiche WebLink
<br />02/04/94 14:21 <br /> <br />V612 337 5601 <br /> <br />DSU, INC. <br /> <br />III 003 <br /> <br />DISTRICT 623 OW ASSO PROPOSAL REVIEW 4 February ~994 Page 3 <br /> <br /> <br />NOTE: One townhomc and one ,single famlly builder identified. JiCllte5 will be thcJe unlll <br />the last unit is completed. ! <br /> <br />COQu~tants: <br /> <br />DSU ~ Site .Plan <br />Pioneer ~ Engineerini and Surveying <br />Frank Svoboda AS80C. . Wethmda <br />Gene Ernst - Signs and Landscaping <br />Leonard Street and Deinard - L0go1 <br />Conham Assoc.. ~ Marketing <br /> <br />SIENNA CORPORATION <br />lames W. Johnston <br /> <br />835-2808 <br /> <br />QFFER <br /> <br />NOTE: NOT OffERING TO PURCHASE SCHOOL DISTRICT PROPERTY <br />PROPOSAL A; <br /> <br />District retaina ownership of 76,5 acres <br />Sienna 8el'~es as Developmant Management Agent <br />Sienna purchase private parcellJ. <br /> <br />SieIU1a receives: <br />1. Ne8'otiated retainer <br />2. Development Management Fee. 6% of gross salt price <br />3. Marketing Commission - I; % of gross sate price <br /> <br />Estimated SietU1a fees $861,700 <br /> <br />Si~nna estimate:! Dirnlct Return <br /> <br /> <br />Sienna will guarantee $25,000 per acre. <br /> <br />PROPOSAL 8: <br /> <br />Sienna and District Joint Venture <br />Sienna purchases private parcel!! and conv6yi to joint 'Venture. <br />Will use City special assessments <br /> <br />Cash Flow Estimato: <br />District 7S % of 1st. $2 mUl <br />Sienna 25% of 1st. $1 miJI <br /> <br />$1..5 mmlon <br /> <br />Oilitdcl 65 % of nex.t $2 mill <br />Sierma 35 % of next $2 mill <br /> <br />$1.3 mUtlO11 <br />