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HISTORY OF WINDSOR <br /> <br />· Phase I developed in 1985 · 25 MF ,mits built in mif-80s <br /> · ~4 SF ,mits built from 1985 thru 2002 <br /> · 2 SF lots still undeveloped <br /> <br />· Remaining 18 acres has been for sale with River Valley Realty for over 10 years, <br /> with no written offers <br /> <br /> · Cur~nt tax voluation is $107980 <br /> Potential tax valuation ff developed iht 60 to 70 two'f~milY residences is about <br /> $5 million <br /> <br /> · Cost to develop is at least $500,000 <br /> Conclusio~ The buildout time in phase I was immediate for MF but over 15 years <br /> for SF. The land is not likely to be developed f~r SF due to high cost vs. <br /> residen~Al sales, but is a~ctive for two-family residences in NLISD. <br /> <br /> <br />