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MOUNDS VIEW BUSINESS PARK EAST LAND <br />BUILDING 'M' SITE — 2.64 Acres <br />BUILDING SITE — 6.89 Acres <br />SUMMARY OF INVESTMENT <br />August 24, 1993 <br />Land Acquisition (Total 9.53 Acres <br />ATTACHMENT D <br />Oullot A — Skiba (.37 acres) <br />1,646.00 <br />Outlot B — Underdahl (.21 acres) <br />!` <br />N/A <br />/ <br />Carew (4.40 acres) (_ 0 / ,v / <br />410 900.00 <br />351,700.00 <br />764,246.00 <br />Underdahl (4.55 acres) <br />Soil Correction <br />Rehbein excavate at MVBP—South <br />and move to MVBP—East <br />32,050.00 <br />32.050.00 <br />Carrying —Costs <br />Real Estate Taxes Paid <br />1990 <br />19,247.82 <br />1991 <br />19,507.80 <br />1992 <br />41,941.02 <br />1993 <br />44,842.56 <br />Less Tax Refund Receivables <br />1991 payable 1992 <br />1992 payable 1993 <br />(5,922.42) <br />(6,758.20 <br />112,858.58 <br />Interest on Land, Soils and Tax <br />Investment at Rate of 9.5% <br />1987 — 1990 <br />nominal <br />1990 <br />77,425.00 <br />1991 <br />79,325.00 <br />1992 <br />82.745.00 <br />1993 <br />86,830. <br />326,325.00 <br />Develo ment Costs <br />21,640. <br />21.640.00 <br />—'Total: <br />1,257,119.58—� <br />Unit Cost Calculation <br />$1,257,119.60 divided by 9.53 Acres <br />divided by 43.560 Square Feet/Acre <br />3.03 /S.F. <br />Building'M' Site Acquisition Cost: <br />53.03/S.F. x 2.64 Acres x 43,560 S.F./Acre = <br />3q8 24719 <br />Building'N' Site Acquisition Cost: <br />$3.03/S.F. x 6,89 Acres x 43,560 S.F./Acre = <br />908.872.40 <br />mvsinv <br />c.12 <br />