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Offer Comparison for Centra and Capstone 7.31.23
<br />Land Acreage
<br />Number of Units
<br />Per Unit Lot Price
<br />Sales Price / unit (Average)
<br />Assessed Value / unit (Average) (85%)
<br />Townhome Unit Type
<br />Unit SF
<br />Bedrooms / Bath
<br />Garage
<br />Land Offer
<br />Park Dedication (2023 rates)
<br />Trail Development (2023 Rates)
<br />Water Trunk (2023 Rates)
<br />Sewer Trunk (2023 Rates)
<br />Stormwater Mgmt (2023 Rates)
<br />Development Fee Total (less below)
<br />Cost for Storm Water Pond in lieu of building
<br />Street signs (Based on Development)
<br />Sureties and Inspection Fees (based on project costs)
<br />SAC (time of permit) 2023 rates Sub. To change
<br />WAC (time of permit) 2023 rates Sub. to change
<br />Funds Received by City
<br />Closing / Final Plat / Development Agreement
<br />Park Dedication Deduct Request
<br />Net Proceeds and Development Fees
<br />Total Revenue per Square foot
<br />WAC (time of building permit) 2023 rates (Total)
<br />TIF Projection Annual
<br />TIF Projection Total
<br />Other Costs
<br />Fill piled on site for filling of Wetland 2
<br />Additional Costs
<br />Tree removal, grubbing (actual)
<br />Fill, Soil compaction, Grading (Estimate)
<br />Zeolite St (F-2) (Estimate)
<br />W. Ramsey Parkway (A-2)
<br />W. Ramsey Parkway (A-2) (Dev Contribution)
<br />Net (TIF / Purchase Price)
<br />Centra 103
<br />16.3
<br />103
<br />$ 6,214
<br />$ 370,000
<br />$ 314,500
<br />Detached
<br />1742 - 1875
<br />3/4 beds 2.5 bath
<br />2 car
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />TBD
<br />TBD
<br />TBD
<br />$
<br />$
<br />640,042
<br />463,500
<br />154,500
<br />206,927
<br />138,947
<br />55,002
<br />1,018,876
<br />255,955
<br />152,543
<br />Capstone 130
<br />16.6
<br />130
<br />$ 6,100
<br />$ 335,000
<br />$ 284,750
<br />Attached
<br />1500-1800
<br />3 bed and 3 bath
<br />2 car
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />TBD
<br />TBD
<br />TBD
<br />$
<br />$
<br />$ 1,658,918 $
<br />$ - $
<br />$ 1,658,918 $
<br />$ 2.34 $
<br />$ 152,543 $
<br />$ 243,312 $
<br />$ 3,406,368 $
<br />0
<br />793,000
<br />585,000
<br />195,000
<br />261,170
<br />175,370
<br />69,420
<br />1,285,960
<br />323,050
<br />192,530
<br />Capstone 115
<br />16.3
<br />115
<br />$ 6,100
<br />$ 335,000
<br />$ 284,750
<br />Attached
<br />1500-1800
<br />3 bed and 3 bath
<br />2 car
<br />$ 701,500
<br />$ 517,500
<br />$ 172,500
<br />$ 231,035
<br />$ 155,135
<br />$ 61,410
<br />$ 1,137,580
<br />TBD
<br />TBD
<br />TBD
<br />$ 285,775
<br />$ 170,315
<br />2,078,960 $ 1,839,080
<br />(360,900) $ (319,257)
<br />1,718,060 $ 1,519,823
<br />2.38 $ 2.14
<br />192,530 $ 170,315
<br />276,542 $ 242,912
<br />3,595,051 $ 3,157,861
<br />TBD
<br />$ 287,000 $ 287,000 $
<br />$ 858,800 $ 858,800 $
<br />$ 1,085,000 $ 1,085,000 $
<br />$ 1,283,000 $ 1,283,000 $
<br />$ (256,600) $ (256,600) $
<br />$ 789,210 $ 1,130,851 $
<br />0
<br />287,000
<br />858,800
<br />1,085,000
<br />1,283,000
<br />(256,600)
<br />602,161
<br />
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