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BLADC 2020 Program- Summer 2008 <br />CWC Industrial/Business Park Report (excerpt) <br />Pequot Lakes Business Park Abbreviated Data <br />Acreage & Lots <br />1996 PHASE I (19 lots) <br />2003 PHASE II (14 lots) <br />(33 total lots)* <br />34.57 <br />27.07 <br />61.64 <br />2007 Est. Market Value <br />PHASE I <br />PHASE II <br />$5,026,000.00 <br />$2,323,800.00 <br />$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 <br />Tax <br />City (66.718 %) <br />$36,752.61 <br />Breakdown: <br />County (30.499 %) <br />$80,398.05 <br />( %s are <br />School (8.944 %) <br />$10,777.90 <br />of tax <br />STD (1.128 %) <br />$1,359.29 <br />capacity) <br />State (50 %) <br />$60,252.15 <br />Total Building SF ** <br />PHASE I 93,300 <br />PHASE II 46,700 <br />140,000 <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 />Employment <br />PHASE I 83 <br />PHASE II 128 <br />211 <br />