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<br />e <br /> <br />e <br /> <br />HOUSING & PARK a3 ACRES <br /> <br />A - TYPlCAL DEAL 3,500 PER UNIT (1.15 PER FT.) <br /> <br />FAIR HOUSING PRICE $1,123,500 <br /> <br />B - $4,508,460 COST <br /> <br />~123.500 FAIR HOUSING VALUE <br />3,384,960 · FAIR REQUEST FROM CITY <br /> <br />C - ACTUAL REQUEST FROM CITY: $2,950,599 <br /> <br />$4,50S,460 <br /> <br /> <br />-2.950.599 ~ $2.95 <br /> <br /> <br />$1,557,786 ~ $4,853 PER UNIT, OR $1.55 PER SQ. FT. <br /> <br /> <br />THUS, DEVELOPER IS PAYING $4,853 PER UNIT on $1.55 PER SQ. FT. <br /> <br /> <br />TWIN CITY AVERAGE IS $3,500 PER UNIT OR $1.15 - $1.20 PER FOOT. <br /> <br /> <br />(HIGHER RENTS - RETAIL SPIN OFF). <br /> <br />