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Nowthen Boulevard Access — Harvest Estates
<br />MOCK Feasibility Analysis: Access to Harvest Estates
<br />REVENUES
<br />Land Sale Proceeds
<br />Former Municipal Center
<br />Future Resale of Acquired Property
<br />SUB TOTAL
<br />EXPENSES
<br />Property Acoufsition
<br />23 32-25-42-0032 & 0039 (Current Alignment)
<br />23-32-25-41-0011 (Re•Alignment)
<br />(marosements
<br />1104:1les
<br />City Road
<br />Trap Connection
<br />County Road
<br />Site Clean Up
<br />Demolition and Clean Up
<br />Utilities Demolition and Removal
<br />Other
<br />Broker Commission Fee (5% of sale price)
<br />Closing Costs/Legal/Other (4% of sale price)
<br />Contingency (15% of a0 other costs)
<br />SUBTOTAL
<br />A
<br />Closed Access
<br />$ 923,000.00
<br />$ 50,000.00
<br />5 973,000.00
<br />(65,000A0)
<br />$ (85,000.00)
<br />$
<br />$ (30.000.00j
<br />(200,000.00)
<br />(100,000.00)
<br />$ (46,150.00)
<br />$ (36,920.00)
<br />$ (84,460.50)
<br />5 (647,530.50)
<br />B1a
<br />Right In, Right Out
<br />$ 923,000.00
<br />$ 150,000,00
<br />5 1,073,000.00
<br />$
<br />(250.000,00)
<br />S (85.000.00)
<br />(175.000.00)
<br />$ (250.000.00)
<br />(200.000.90)
<br />$ (100.000.00)
<br />$
<br />$
<br />$
<br />5
<br />(46.150.90)
<br />(36.920.09)
<br />(171.460.50)
<br />(1,314 530.50)
<br />B2a
<br />Full Access
<br />$ 923,000.00
<br />$ 150,000.00
<br />5 1,073,000.00
<br />$ (250,000.00)
<br />$ (85,000.00)
<br />(175,000.00)
<br />$ (500,00.00)
<br />$ (200,000.00)
<br />$ (100,000.00)
<br />$ (46,150.00)
<br />$ (36,920.00)
<br />$ (268,960.50)
<br />5 (1,602,,030.50)
<br />Bib
<br />Right In, Right out
<br />Existing Alignment
<br />$ 923,000.60
<br />$ 50,000.00
<br />5 973,000.00
<br />(65,000.00)
<br />$
<br />$ (85,000.00)
<br />$ (125,000.00)
<br />$ (250,000.00)
<br />$
<br />5
<br />(240,000.00)
<br />(100,000.00)
<br />(46,150.00)
<br />(36,920.00)
<br />(136,210.50)
<br />(1,044,280.50)
<br />B2b
<br />Full Access
<br />Existing Alignment
<br />$ 923,000.00
<br />50,000.00
<br />5 973,000.00
<br />$ (65,000.00)
<br />$ (85,000.00)
<br />$ (125,000.00)
<br />$ (500,000.00)
<br />$ (200,000.00)
<br />$ (100,000.00)
<br />$ (46,150.00)
<br />$ (36,920.00)
<br />$ (173,710.50)
<br />5 (1,331,780.50)
<br />NET INCOME $ 325,469.50 5 4241,530.50) 5 (529,030.50) 5 (71,280.501 5 (358,780.50)
<br />NOTE: All numbers provided in this concept feasibility analysis are unofficial and not final. The purpose of this document is to provide
<br />estimations for policy discussion purposes only. Final estimations should be provided by a third party professional consultant Discrepancy in
<br />these estimations will exist. This document was completed on 02/11/2015. Staff will recommend the City consider the use of County H RA dollars
<br />t0 pay for a portion of City redevelopment costs associated with this project.
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