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BLADC 2020 Program- Summer 2008 <br />CWC IndustrialBusiness Park Report (excerpt) <br />Pequot Lakes Business Park Abbreviated Data <br />Acreage & Lots <br />2007 Est. Market Value <br />1996 PHASE I (19 lots) <br />34.57 <br />PHASE I <br />$5,026,000.00 <br />2003 PHASE II (14 lots) <br />27.07 <br />PHASE II <br />$2,323,800.00 <br />(33 total lots)* <br />61.64 <br />$7,349,800.00 <br />i <br />Consumption rate: * ** 2.5 <br />lots /year <br />Approximate Price /acre: <br />$30,000 /acre <br />4.4 <br />acres /year <br />Undeveloped Supply: .8 <br />lot -years <br />2 lots, 3.84 acres .9 <br />acre - years <br />Operating Businesses <br />2007 Tax Paid <br />PHASE I <br />17 <br />PHASE I <br />$133,812.56 <br />PHASE II <br />3 <br />PHASE II <br />$55,727.54 <br />20 <br />$189,540.10 <br />Total Government Investment: <br />Tax City (66.718 %) <br />$36,752.61 <br />$1,540,238.00 <br />Breakdown: County (30.499 %) <br />$80,398.05 <br />( %s are School (8.944 %) <br />$10,777.90 <br />of tax STD (1.128 %) <br />$1,359.29 <br />capacity) State (50 %) <br />$60,252.15 <br />Total Building SF ** <br />Employment <br />PHASE 1 <br />93,300 <br />PHASE I <br />83 <br />PHASE 11 <br />46,700 <br />PHASE II <br />128 <br />140,000 <br />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 />