Laserfiche WebLink
Cit~ of Paris Stud~ of Lake Crook March? 2001 <br /> <br />interests at heart no matter how well the city might choose a developer in the first place. Any <br />lender, financing the development of streets and sewers, is going to require the land be <br />collateralized and even if the city inserts reversionary clauses in the contract of sale, is the city <br />prepared to pick up the debt to complete the work in the event of an unfortunate foreclosure? Not <br />very likely. <br /> <br />Table of Advantages versus Disadvantages for <br />Option 3 - Higher Density Development <br /> <br />2. Increased tax base of perhaps $159 <br />million. <br /> <br />3. Increased sales tax from population <br />growth of perhaps $1.0 million per year <br /> <br />4. Development of a retirement community <br /> <br />5. Preservation of park land on the south <br />and west shores. <br /> <br />6. Concrete streets minimize future <br />maintenance costs to the city <br /> <br />7. More revenues from water and sewer <br /> <br />Lowest development cost per lot <br /> <br />2. Hunting, archery and gun ranges would <br />not be permitted under this option. <br /> <br />3. Can a development survive the often <br />intolerable odors arising from Campbell <br />Soup disposal fields to the south? <br /> <br />4. Risk to the city if a developer fails. <br /> <br />5. Potential for pollution from fertilizers <br />and insecticides. <br /> <br />6. Requires stretching police and fire <br />protection to the north shore area. <br /> <br />7. More maintenance required for 6 miles <br />of new water and sewer line and perhaps <br />1,100 customers. <br /> <br />cost <br /> <br />Page 33 of 45 <br /> <br /> <br />