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0 <br />SITE DESCRIPTION (CONT.) <br />If the City were to condemn the whole parcel, because of <br />severance damage in alternative 2 or 3, the cost to the City <br />would be $55,06J.00 for the land. Costs to develop $30,000.00 to <br />$40,000.00 and probably t'-- lower figure, equalling a cost of <br />�. $85,000.00 to $95,00u.00. The 3 resulting lots again having a <br />value of $93,000.00 make for generally a wash with expense versus <br />return and the addition of 3 homes to the tax rolls and an <br />orderly development in the area. <br />It would ar;aas from an appraisal standpoint with regard to the <br />greatest retui.i, that thn installation of a roadway and the <br />development of the 3 sites is the most logical and orderly course <br />to fallow for the subject property. <br />1MPCeEPFJCrf\CCNA-1OOCY4f-1-) <br />�i <br />