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BLADC 2020 Program Spring-Fall 2008 <br /> Pequot Lakes Business Park Abbreviated Data <br /> i <br /> Acreage& Lots 2007 Est.Market Value <br /> 1996 PHASE I (19 lots) 34.57 PHASE I $5,026,000.00 <br /> 2003 PHASE II (14 lots) 27.07 PHASE II $2,323,800.00 <br /> (33 total lots)* 61.64 $7,349,800.00 <br /> Consumption rate:*** 2.5 lots/year Approximate Price/acre: $30,000/acre <br /> 4.4 acres/year <br /> Undeveloped Supply: .8 lot-years <br /> 2 lots, 3.84 acres .9 acre-years <br /> Operating Businesses 2007 Tax Paid <br /> PHASE I 17 PHASE I $133,812.56 <br /> PHASE II 3 PHASE II $55,727.54 <br /> 20 $189,540.10 <br /> Total Government Investment: $1,540,238.00 Tax City(66.718%) $36,752.61 <br /> Breakdown: County(30.499%) $80,398.05 <br /> (%s are School(8.944%) $10,777.90 <br /> oftax STD(1.128%) $1,359.29 <br /> capacity) State(50%) $60,252.15 <br /> Total Building SF** Employment <br /> PHASE I 93,300 PHASE I 83 <br /> PHASE II 46,700 PHASE II 128 <br /> 140,000 211 <br /> * Some of the city-owned lots are not meant for development. <br /> **Estimates from an informal survey. <br /> ***Average over life of development. <br /> 11 <br />