Laserfiche WebLink
Pequot Lakes Business Par( Analysis — Draft April 2008 <br /> Estimated Business Park Investments Lot Information <br /> Purchase Price $ 9000 Total Acres = 52.52 + 9.12 (church lot acreage) = 61.64 <br /> Phase I Investment $191109238 Phase I = 34.57 acres <br /> Phase II Investment $ 340,000 Phase II = 27.07 acres <br /> Total Investment $1,540,238 Number of Lots: 29 + 4 (church lots) = 33 Total <br /> 12 Year Business Park Data Economic Development Benefits <br /> Sold approx. 2 V2 lots per year 29 Parcels paying approx. $189,540 in Property Tax per year <br /> Sold approx. 4.4 acres per year City Captures $118,273 <br /> SD 186 Captures $15,542 <br /> Created approx. 17.6 jobs per year County Captures $53,830 <br /> PL HRA Captures $1,895 <br /> 211 Jobs Created <br /> Approx. $7,349,800 Total Market Value <br /> 1996 Lot Purchase Information 2008 Lot Purchase Information <br /> Price per lot = $10,000 - $20,000 (negotiated sale prices, Price per lot = $20,000 - $30,000 (negotiated sale prices) <br /> TIF, etc.) Sewer Fee = $71,800 <br /> Sewer Fee = $700 Water Fee = $2,130 <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 />