Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
—Analysis k Pe not Lakes Business Par Anal Draft April 2008 <br /> q Y P <br /> Estimated Business Park Investments Lot Information <br /> Purchase Price $ 90,000 Total Acres = 52.5 + 9.12 (church lot acreage) = 61.64 Total <br /> Phase I Investment $1,070,000 <br /> Phase II Investment $ 340,000 Number of Lots: 29 + 4 (church lots) = 33 Total <br /> Total Investment $1,500,000 <br /> 12 Year Business Park Data Economic Development Benefits <br /> Sold approx. 2 %2 lots per year 29 Parcels paying approx. $186,040 in Property Tax per year <br /> Sold approx. 4.375 acres per year City Captures $116,089 <br /> Created approx. 17.75 jobs per year SD 186 Captures $15,255 County Captures $52,835 <br /> PL HRA Captures $1,860 <br /> 210 Jobs Created <br /> Approx. $7,192,100 Total Market Value <br /> 1996 Lot Purchase Information 2008 Lot Purchase Information <br /> Price per lot = $10,000 - $20,000 (tax increment, negotiated Price per lot = $20,000 - $30,000 (negotiated sale prices) <br /> sale prices, etc.) Sewer Fee = $8,307 <br /> Sewer Fee = $700 Water Fee = $2,000 <br /> Water Fee = $500 Property Tax Rate = 109.315% <br /> Property Tax Rate = 108.944% City Captures 68.174% <br /> SD 186 Captures 8.937% <br /> County Captures 31.075% <br /> PL HRA Captures 1.027% <br />