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ASSOCIATED DEVELOPERS,INC.
<br /> • HIGHWAY 10&HIGHWAY 101
<br /> ELK RIVER,MINNESOTA
<br /> PROPERTY DEVELOPMENT/SALES PRICES
<br /> LAND REIMBURSED TOTAL
<br /> LQL# USE ACREAGE SO.FT, SALEME SALESIBICE SEIEVELOPMENT $.ALESTRJCE
<br /> 1 Large commercial user 15.00 653,400 $250 $1,633,500 $2,000,010 $3,633,510
<br /> 2 Large commercial user 14.00 609,840 $3.00 $1,829,520 $1,973,000 $3,802,520
<br /> 3 Mid size user 1.72 75,000 $3.50 $262,500 $249,793 $512,293
<br /> 4 Pad site-accesssory user 1.38 60,000 $3.50 $210,000 $210,200 $420,200
<br /> 5 Pad site-accesssory user 1.38 60,000 $3.50 $210,000 $210,200 $420200
<br /> 6 Pad site-accesssory user 1.61 70,000 $3.50 $245,000 $270,000 $515,000
<br /> 7 Pad site-accesssory user 1.00 43,560 $3.50 $152,460 $261,000 $413,460
<br /> 8 Pad site-accesssory user 1.00 43,560 $3.50 $152,460 $261,000 $413,460
<br /> 9 Pad site-accesssory user 1.00 43,560 $3.50 $152,460 $261,000 $413,460
<br /> 10 Convenience Store LN 87120 $3.50 $304.920 $392.500 $§ 420
<br /> Total sales 40.08 1,746,040.00 5,152,820.00 6,088,703.00 11,241,523.00
<br /> DEYELOfNEN CAe
<br /> Total Saks $11,241,523
<br /> Less:Acquisition ($3,850,000)
<br /> Developer costs ($1,119,400)
<br /> Site development Costs ($7,067,339)
<br /> Sales and Holding Costs jS5_6b',(g14.
<br /> Profit before investment return (i1,363,21()
<br /> IIIDeveloper Profit&Overhead 1,500,000
<br /> City TIP request-Net Present Value 2,863,216
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