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VILLAGE DEVELOPMENT/PHASE I -- LAND <br /> PHASE I: LAND PURCHASE <br /> DATE LAND COST PRICE PAID OWED TERM <br /> (acres) (Per SF) <br /> 3/24/97 Rehbein Land 13.84 1.75 $1,036,728.00 $543,140.00 $493,588.00 1/2002 <br /> 11/24/97 Funkhouser Land 6.60 1.75 515,435.00 167,797.00 347,638.00 12/2002 <br /> 4/15/98 County Land 14.72 .30 200,000.00 <br /> TOTAL: 35.16 1.15 $1,752,163.00 $710,937.00 $841,226.00 <br /> Estimated nonreimbursable "soft costs" <br /> (interest, taxes, fees): $125,000.00 <br /> PHASE I LAND SALE <br /> 7/9/97 Fairview Clinic 1.72 2.50 $189,575.00 <br /> 11/24/97 Lino Lakes <br /> State Bank 1.00 5.00 217,800.00 <br /> 3/15/99 Professional <br /> Office/Retail 6.50 4.00 1,132,560.00 <br /> 9/15/99 Old Police <br /> Station Site 4.00 2.00 350,000.00 <br /> TOTAL: 13.22 3.28 $1,889,935.00 <br />