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MOUNDS VIEW BUSINESS PARK EAST LAND ATTACHMENT D <br /> BUILDING 'M' SITE — 2.64 Acres <br /> BUILDING 'N' SITE — 6.89 Acres <br /> SUMMARY OF INVESTMENT <br /> August 24, 1993 <br /> Land Acquisition (Total 9.53 Acres) <br /> Outlot A— Skiba (.37 acres) 1,646.00 <br /> Outlot B — Underdahl .21 acres) ' / N/A / <br /> Carew(4.40 acres) ( /J `'�) 410,900.00 <br /> Underdahl (4.55 acres) 351,700.00 764,246.00 /. g'// lk• <br /> SoilCorrection <br /> Rehbein excavate at MVBP—South <br /> and move to MVBP—East 32,050.00 32,050.00 <br /> Carrying Costs <br /> Real Estate Taxes Paid <br /> 1990 19,247.82 <br /> 1991 19,507.80 <br /> 1992 41,941.02 <br /> 1993 44,842.56 <br /> Less Tax Refund Receivables <br /> 1991 payable 1992 (5,922.42) <br /> 1992 payable 1993 (6,758.20) 112,858.58 <br /> Interest on Land, Soils and Tax <br /> Investment at Rate of 9.5% <br /> 1987 — 1990 nominal <br /> 1990 77,425.00 <br /> 1991 79,325.00 <br /> 1992 82,745.00 <br /> 1993 86,830.00 326,325.00 <br /> Development Costs 21,640.00 21,640.00 <br /> otal: 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 3.03/S.F. <br /> Building"M"Site Acquisition Cost: <br /> $3.03/S.F.x 2.64 Acres x 43,560 S.F./Acre = 348,247.19 <br /> Building"N" Site Acquisition Cost: - <br /> $3.03/S.F.x 6.89 Acres x 43,560 S.F./Acre = 908,872.40 <br /> mveinv <br /> c:\2 <br />