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3.4.19 Land Swap for ROW and Storm Pond (Infiltration updated SF) <br />Land Needed for ROW & D & U <br />Remnant not needed <br />Parcel S.F. <br />A 40,580 YES <br />B 3,104 YES <br />C 1,117 YES <br />D 1,193 NO <br />E 63,777 NO <br />F 14,954 NO <br />124,725 <br />ROW <br />Storm Pond ACTION $ / SF Cost <br />NO NEED FEE 5.65 $ 229,277 <br />NO NEED FEE 4.65 $ 14,434 <br />NO NEED FEE 4.65 $ 5,194 <br />YES NEED FEE 5.65 $ 6,740 <br />YES NEED FEE 4.65 $ 296,563 <br />NO NEED FEE 5.65 $ 84,490 <br />$ 636,698 <br />Based on Appraisals PSD LAND PSD LAND PSD LAND ARMSTRONG RAMSEY LAND PSD LAND Net <br />A, D Remnant F B, C, E (D & U) PARCEL 45 Total Total To City <br />Square Footage 41,773 14,954 67,998 103,857 103,857 124,725 <br />Value / SF $ 5.65 $ 5.65 4.65 $ 6.21 6.21 5.10 <br />Value $ 236,017 $ 84,490 $ 316,191 $ 644,952 <br />Total <br />$ 236,017 $ 84,490 $ 316,191 $ 644,952 $ 644,952 $ 636,698 $ 8,254 <br />Additional Terms <br />1) Right of Re -Entry Agreement building not complete and C/O Issued by September 20, 2020. <br />2) Work with City to obtain permit for some liberal signage like a good sized Pylon (up to 75 feet allowed via CUP) <br />3) Would like to close ASAP <br />4) City to provide legal description for documents of transfer <br />5) City will draft documents of transfer <br />6) Hakanson Anderson to verify calculated areas <br />