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Centra Homes Project 2 <br />147 - 2 Story Townhomes <br />For Sale - Owner Occupied <br />23.7 Gross Acres <br />All Wetlands filled and pond solved for <br />For Sale - Owner Occupied <br />$350,000 - $400,000 - Price Point <br />Homeowners Association <br />3 - 4 bedrooms, 2.5 bathrooms <br />1,742-1,875 SF <br />Developer to work through process to fill Wetland 2. Wetland 1 and move / solve for pond <br />$325,000 - Tax Assessed Valuation per Unit <br />47,775,000 Total Tax Valuation <br />$3,663 - Estimated Taxes per Unit (1A Homesteadj <br />$2,923 - Local Taxes per Unit <br />$538,461 - Annual Estimated Taxes Upon Project Completion (1A Homestead) (less wetland and pond <br />acres e <br />$429,681 - Annual LOCAL Tax Estimate Upon Project Completion (1A - Homestead) (less wetland and <br />pond acreage) <br />Large Format Retail Development (very preliminary interest shown) <br />(Potential users - Walmart, Target, Fleet Farm, Hy-Vee, Menards, Home Depot, Lowes or others <br />Might be visibility and or access issues <br />Room for other smaller users possible <br />Approximately 15-20 Acres <br />$12-16M Estimated Tax Assessed Value <br />$368,000 - $491,000 Annual Taxes QAJ <br />$250 , 000 - $340 , 000 Local Taxes + F D <br />The developers will be present but have not been asked to present their project proposals. Additional <br />information may be available at the work session. The developers will be present to answer questions <br />relatina to each proposal. <br />Timeframe: <br />2024-2025 projects <br />Funding Source: <br />To be determined based on each development proposal <br />Responsible Party(ies): <br />Economic Development Manager, Sean Sullivan <br />Community Development Director, Stephanie Hanson <br />Outcome: <br />Staff is looking for feedback from the City Council relating to the specific development proposals and <br />development types. <br />Attachments <br />Parcel 46 Site Location Map <br />Norhart Proposal 1 and 2 <br />Centra Homes Proposal 1 and 2 <br />