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<br />SUMMARY OF DEVELOPMENT COSTS FOR
<br />OPTIONS 1 AND 3
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<br />31 March 2001
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<br />'~': De's'rlption": ~ Lots:',:" \(~èreage., Dens#ÿ':',,':':;,'~Estimátèd, ",,::i~stlmated ::Estlmated:' Estimáte'd "j~stln1~tëd; ',; Estl'rriatec('::
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<br />, ., . cost, .' . & sales' value/acre' ' costs, "cost. 'cost/lot','
<br />costs (2 '
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<br /> Option I - Lower Density Single Family (concrete pavement and sewers)
<br />North Shore 222 471 0.47 $ 8,900,000 888,000 2,500 1,177,500 10,968,000 $49,405
<br />est Shore 111 266 0.42 $ 3,300,000 444,000 2,500 665,000 4.411,500 $39,743
<br />Totals: 333 737 0.45 $ 12,200,000 1,332,000 2,500 1,842,500 15,377,000 $46,177
<br /> Option I - Lower Density Single Family (asphaltroad section/septic systems)
<br />North Shore 222 471 0.47 $ 5,750,000 888,000 2,500 1,177,500 7,818,000 $35,216
<br />est Shore 111 266 0.42 $ 1,982,000 444,000 2,500 665,000 3,093,500 $27,869
<br />Totals: 333 737 0.45 $ 7,732,000 1,332,000 2,500 1 ,842,500 10,909,000 $32,760
<br /> Option 3 - Higher Density Single Family Development (1)
<br />North Shore 544 361 1.51 $ 11,250,000 2,176,000 2,500 902,500 14,331,000 $26,344
<br /> 494 300 1.65 $ 6,354,000 1,976,000 2,500 750,000 9,082,500 $18,386
<br />est Shore II 42 20 2.10 $ 1,200,000 168,000 2,500 50,000 1,420,500 $33,821
<br />est Shore III 100 49 2.04 $ 2,010,000 400,000 2,500 122,500 2,535,000 $25,350
<br />Totals: 1180 730 1.62 $ 20,814,000 4,720,000 2,500 1,825,000 27,361,500 $23,188
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<br />(1) These costs do not include the onsite development of assisted living and full care nursing facilities shown on the Option 3 plan.
<br />Likewise, the costs for a seniors recreation center and associated park improvements are not included in the cost of development.
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