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EDSR MEMORANDUM 03-19-1998
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03-19-1998 WORKSESSION
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EDSR MEMORANDUM 03-19-1998
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City Government
type
EDSR
date
3/19/1998
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CITY OF ELK RIVER. <br /> HIGHWAY 10&101 <br /> Industrial Park Development <br /> ESTIMATED DEVELOPMENT COSTS <br /> ACQUISmON <br /> Purchase Price $480,000 <br /> Closing/transaction $25.300 <br /> Subtotal $505,000 <br /> DEVELOPMENT COSTS <br /> Engineering $40,000 <br /> Legal $15,000 <br /> Marketing/commissions $50,000 <br /> Closing/contingency 310.000 <br /> Subtotal $115,000 <br /> SITE DEVELOPMENT COSTS <br /> Soil corrections/grading/mitigation $225,000 <br /> iSignage 330,000 <br /> Site Amenities $40,000 <br /> Internal Roadways/utilities $55.000 <br /> Utilities M2259 <br /> Subtotal $850,250 <br /> ADMINISTRATION&HOLDING COSTS <br /> Overhead and Administration $25,000 <br /> Financial/Holding Costs $30,000 <br /> Real Estate Taxes $35,000 <br /> Accounting =MO <br /> $100000 <br /> TOTAL PROJECT COSTS $1,570,250 <br /> • <br />
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