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INFO - %-T1ON <br /> Development Scenario <br /> • <br /> In 1995 raw land was selling for roughly$7000/acre <br /> In 1998 raw land was selling for roughly$12,000/acre <br /> Assuming 100 acres @ 2.2 lots per acre (45 lots) ($10,000/acre) <br /> Cost of 100 acres of raw land $ 1,000,000 <br /> Development Cost per Lot at $10,000/acre $ 20,000 <br /> Profit/lot for bank financing (30-40%) $ 8,000 <br /> Market Value of developed lot ($30,000-35,000) $ 30,000 <br /> Property value 10% land dedication $ 100,000 <br /> Market Value of 10% land developed $ 135,000 <br /> Acreage equal <br /> to cash <br /> dedication <br /> 45 units ($10,000/acre) <br /> Park dedication at 650/unit $ 29,250 2.925 <br /> Park dedication at 1100/unit $ 49,500 4.95 <br /> Park dedication at 1250/unit $ 56,250 5.625 <br /> • Cash Park Dedication equal to the Market Value of 10% of developed Land <br /> Park dedication at 3000/unit (3000 x 45 units) $ 135,000 <br />