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Park dedication and utility trunk fees, based on the proposed development, are estimated at <br />approximately $1,000,000. <br />Additionally, sale and development of the site, would generate new property taxes. Based on a <br />conservative estimated market value of $25 million ($22M residential and $3.1M commercial), <br />an estimated $120,000 in city property taxes would be generated. <br />EDAC CONSIDERATION <br />Staff is requesting EDAC comments on the proposed sale. <br />ATTACHMENTS <br />1. Concept Plan <br />2. Land Use Plan <br />3 <br />