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Lake Elmo Maintenance and mpost <br />`is <br />ReplacementValues <br />Assumptions: <br />1. Building cost escalation factor of 1.6 from time of maintenance building <br />construction to present day. <br />2. Land Cast based on market value of $4,000 per acre <br />Relocation to a 15 acre site. <br />Original Maintenance building cost : $194,000 <br />Replacement Maintenance building = $194,000 x 1.6 $310,400 <br />Additional bay for Fire Hail at 20% of building cost $62,000 <br />15 acre site $60,000 <br />Total for 15 acre site $432,400 <br />Replacement Maintenance site <br />Replace original site of 110 acres less 41.5 acre parkland $274,000 <br />Replacement Maintenance building and Fire Hall $372,400 <br />Total site (with parkland retained) $646,400 <br />