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Sample Of Industrial Properties:
<br />TAX ANALYSIS
<br />Industrial vs Petrina Park
<br />Land 0 31.50 Per Square Foot
<br />Land Area Land EMV Cost/Sq. Ft Bldg. EMV Sq. Footage Cost/Sq. Ft % Covered
<br />310 Cty Rd D 50,560 50,600 $1.00 $249,400 12,800 319.48 25.32%
<br />Kandice Heights 1 99,680 149,500 31.50 $867,700 32,000 $27.12 32.10%
<br />Kandice Heights II 52,732 79,100 $1.50 $510,600 13,200 338.68 25.03%
<br />Metaltronics 156,777 156,800 $1.00 3739,000 40,400 $18.29 25.77%
<br />North Star Turf 115,335 173,000 $1.50 3913,900 35,127 326.02 30.46%
<br />Siumberland 438,384 328,800 30.75 32,790,200 141,140 $19.77 32.20%
<br />Trane Building 127,445 191,200 $1.50 $518,900 31,432 316.51 24.66%
<br />Average $1.25 Average $23.70
<br />Developable Land Area of Site
<br />Max. Building Size
<br />Tax Calculations:
<br />Sq. Footage
<br />797,148
<br />(21.3 Acres - 3 acres of wetland)
<br />Estimated Market Value
<br />Sq. Footage $16.51 $23.70 $38.68
<br />25% Coverage 199,287 $3,290,228 $4,723,102 $7,708,421
<br />30% Coverage 239,144 $3,948,274 $5,667,722 $9,250,105
<br />Building Land ® Tax Taxes Difference
<br />EMV's 31.50 Capacity 0 1.47081% vs Petrina
<br />Land Value = 21.3 acres 0 33,290,228 $1,391,742 $185,329 $272,583 $20,630
<br />$1.50 per Square Foot $3,948,274 $1,391,742 $211,651 $311,298 $59,344
<br />$4,723,102 $1,391,742 $242,644 $356,883 3104,929
<br />Tax Capacity = $5,667,722 $1,391,742 $280,429 $412,457 $160,503
<br />2.704 1st 3150,000 $7,708,421 31,391,742 $362,057 $532,516 $280,563
<br />4.0 %over $9,250,105 $1,391,742 $423,724 $623,217 3371,264
<br />Petrina Park Calculation:
<br />Number of Units 89
<br />Average Cost Per Unit $138,500
<br />Tax Capacity Per Unit $1,925
<br />Taxes Per Unit @ 147.081% $2,831
<br />Total Taxes When Developed $251,954
<br />(1% 1st 75,000; 1.85% over)
<br />PAGE 3
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