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ASSOCIATED DEVELOPERS,INC. <br /> 0 HIGHWAY 10&HIGHWAY 101 <br /> ELK RIVER,MINNESOTA <br /> ESTIMATED DEVELOPMENT COSTS <br /> ACQUISITION <br /> Purchase Price $3,600,000 <br /> Closing/transaction fees $2.50.000 <br /> Subtotal $3,850,000 <br /> DEVELOPER COSTS <br /> Mobile home park relocation costs $425,000 <br /> Engineering $72,400 <br /> Legal $112,000 <br /> Development fees $250,000 <br /> Permits&local fees $135,000 <br /> Environmental&site surveys $95,000 <br /> Closing/contingency $30.000 <br /> Subtotal $1,119,400 <br /> litEDEVELOPMENT COSTS <br /> it corrections/overall grading $250,000 <br /> Site grading and pad preparation $4,756,793 <br /> Pipeline Relocation $0 <br /> Wetlands Mitigation $260,000 <br /> Trunk sanitary sewer&water $434,160 <br /> Lateral Sanitary Sewer&water $207,500 <br /> Street Assessment $753,104 <br /> Storm Drainage $192,550 <br /> Main Street improvements $213.232 <br /> Subtotal $7,067,339 <br /> SALES&HOLDING COSTS <br /> Sales costs $336,000 <br /> Financial/Holding Costs $140,000 <br /> Real Estate Taxes $67,000 <br /> Accounting/Administration $25.00D <br /> $558,000 <br /> TOTAL PROJECT COSTS $12,604,739 <br /> COST-PER ACRE (TOTAL) $185,364 <br /> öT <br /> -PER SQUARE FOOT (TOTAL) $4.26 <br /> COST-PER ACRE (USABLE) $286,471 <br /> COST-PER SQUARE FOOT (USABLE) $6.58 <br />