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<br />r <br /> <br />- <br /> <br />- <br /> <br />e <br /> <br />e <br /> <br />HQUSING & PARK 23 ACRES <br /> <br />A - TYPICAL DEAL 3,500 PER UNIT (1.15 PER rT.) <br /> <br />FAIR HOUSING PRICE $1,123,500 <br /> <br />B - $4,500,460 COST <br /> <br />1.123.500 FAIR HOUSING VALUE <br /> <br />3,384,960 - FAIR REQUEST FROM CITY <br /> <br />C - ACTUAL REOUEST FROij CITY: $2,950,599 <br /> <br />.1tAf~~,~~~. . .! <br /> <br />-2.950.599 = $2.9~ <br /> <br />$1,557,786 = $4,853 PER UUI'l, OR $1. 55 PER SQ. FT. <br /> <br />THUS, DEVELOPER 15 PAYING $4,853 PER UNIT OR $1.55 PER SQ. FT. <br /> <br />TWIN CITY AVERAGE IS $3,500 PER UNIT OR $1.15 - $l.~O PER FOOT. <br /> <br />(HIGHER RENTS - RETAIL SPIN OFF). <br />