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COMPARISON OF LAND COSTS ON DEVELOPMENT <br /> <br />CASE #2: 2 Acre Lots (P¢~'~c~) <br /> <br />Land Costs/lot (at $10,000/Acre) <br />Storm Sewer, Streets and Curb/lot <br />Perk Tests <br />Grading and tree removal <br />Park Fees <br />Impact Fees <br />Engineering <br />Electric Services <br />Street Lighting, Signs, etc. <br />Tree Planting <br />Miscl Charges (environmental, City, testing, etc) <br />Letter of Credit <br />City Planner, Attorney, Etc. <br />Survey <br /> <br />Selling Commission <br />Bank Charges, etC. <br /> <br />Owner Well and Septic <br /> <br />20,000.00 <br /> 8,685.00 <br /> 450.00 <br /> 5,400.00 <br /> - <br /> <br /> 1,500.00 <br /> 100.00 <br /> <br /> 2,100.00 <br /> 200.00 <br /> 200.00 <br /> 1,410.00 <br /> 260.00 <br /> <br />$ 5,000.00 <br />$10,000.00 <br /> <br />Total Cost/Lot: <br /> <br />$ 55,305.00 <br /> <br /> NOTE <br /> <br />If Land Costs were $20,000/acre as in Case #1, one would need to add an <br />additional $20,000/Iot to compare the two scenarious. This brings the ~That's $75,3051 <br />total of Case #2 to $75,305 per Iotlll~]iot at COST! <br /> <br />IWhy is this import~r~t: Without ~ity and water available to get the necessary I <br />density, housing becomes increasingly expensive and therefore, unattainable <br />for our children a.nd our children's chil .dren. <br /> <br /> <br />