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pf_02824
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Last modified
7/17/2007 12:14:12 PM
Creation date
12/8/2004 1:20:29 PM
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Template:
Planning Files
Planning Files - Planning File #
2824
Planning Files - Type
Variance
Address
2778 CLEVELAND AVE N
Applicant
RYAN CONSTRUCTION CO.
Status
WITHDRWN
PIN
012923130090
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<br />analysis that relates to a typical ten acre terminal site along <br />County Road C that at a purchase cost of $6.00 per sq. ft. (based <br />on a fair market value of $4.50 a sq. ft., retail type facility) <br />would work. quite well as a payout of approximately 5.5 years is <br />envisioned. An office or office/service development would also <br />work within this scenario. <br /> <br />CONCLUSION <br /> <br />The bottom line as it relates to this analysis reveals that as <br />the development moves away from more intensity in housing and <br />office, the feasibility of the project is lessened. It should <br />also be pointed out that the public works department anticipated <br />right-of-way costs and improvement costs under a worst case <br />scenario in the range of $25,000,000.00. This does not include <br />the cost of land write down as previously discussed. Thus, as <br />can easily be observed, substantial increment is - required to <br />facilitate the actual implementation of the Twin Lakes plan over <br />the ensuing years. <br /> <br />. <br /> <br />'. <br /> <br />R-0002616 <br /> <br />,.,j <br />
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