HomeMy WebLinkAboutMandeville Evaluation summary Mandeville development evaluation 3116/2006
Lands acres sqft appraised value $/sqft
Empire on Main 1.5 65,340 sqft $ 2,400,000 $ 36.73
Empire on L St. 6.83 297,515 sqft $ 840,000 $ 2,82
Martel 10.17 443,005 sqft $ 2,300,000 $ 6,19
Mandeville 69,6 3,031,776 sqft $ 13,400,000 $ 4.42
Empire exchan2e acres sqft appraised value $ sqft
Mandeville New Tract 1A
Lott tract 1A 4.5 196,020 sqft $ 784,080 $ 4.00
Lott tract IA 12 139,392 sqft $ 592,416 $ 4.25
Lot3 tract 1'A 3.7 161,172 sqft $ 684,981 $ 4.25
Lot4 tract IA 8.1 352,836 sqft $ 1,234,926 $ 150
Total 19.5 849,420 sqft $ 3,296,403 $ 4.00
Empire on Main 1.5 65,340 sqft $ 2,400,000 $ 36.73
Empire on L St. 6.83 297,515 sqft $ 840,000 $ 2,82
Total 8.33 362,855 sqft $ 3,240,000
Equity exchange
City $ 3,296,403
Empire $ 3,240,000
Empire value $ 56,403
City value $ (56,403)
Martel exchan2e, acres sqft appraised value $/sqft
Martel Property 10.17 443,005 $ 2,300,000 $ 5,19
Mandeville New Tract 4-A
Lot 1 tract 4-A 2 87,120 sqft $ 435,600 $ 5.00
Lot 2 tract 4-A 5 217,800 sqft $ 816:750 $ 3,75
$ 1,252,350
Equity exchange
city $ 1,252,350
Martel $ 2,300,000
City value $ 1,047,650
Martel value $ (1,047,650)
Profit and Loss
City remainder after trades acres sqft appraised value
Remaining land to sell or hold 501 2,182,356 sqft $ 9,275,013 $ 4.25
Sale of Empire properties $ 3,240,000
Total sales and assets $ 12,515,013
Project costs
Land costs $ 3,000,000
City cost estimate $ 6,990,303
Total costs $ 9,990,303
Gross profit $ 2,524,71
Roads and Pathways Quantity Unit Price Total
Asphalt 5188.8 $37.00 $191,985.60
Finish Gravel 6721.3 $23.56 $158,353.83
Pit run 10081.9 $1771 $178,550.45
Sub grade 11522.2 $4.33 $49,891.13
geo tech fabric 11522.2 $3.00 $34,566.60
curb and gutter 20740 $9.28 $192,467.20
sidewalks and trails 155550 $4.00 $622,200.00
corners and valleys 4800 $7.00 $33,600,00
Sub-total= $1,461,614.80
Water
Water Main 4010 $42.00 $168,420.00
Fitting and valves 4010 $0.00 $0.00
water main connections 5 $4,600.00 $23,000.00
individual water connections 27 $750.00 $20,250.00
fire hydrants 13 $5,500,00 $71,500.00
Sub-total $283,170.00
Sewer
Sewer line 4010 61,75 $247,617.50
individual sewer connections 27 $0.00
storm drain inlet manhole structure 10 2100 $21,000,00
storm drain line 4010 61.75 $247,617,50
utility road crossing drop boxes 3 750 $2,250.00
jack and bore under streams and road 450 300 $135,000.00
Sewer manhole 10.025 3500 $35,087.50
sewer extion (over 5') 0 200 $0.00
Sub-total= $688,572.50
Earth Work
Top soil striping 20740 $1.00 $20,740.00
Stream reclamation 1500 20" 00 $30,000,00
storm water retention 1 $50,0010,00 $50,000,00
Sub-total= $100,740.00
Site Improvements
RR crossing 1 $30000,00 $300,000.00
interstection improvements 1 $300,00LNO $300,000.00
RR spur switch 1 $1x 0,0100 00 $180,000,00
RR track 7000 $125.00 $875,000.00
traffic lights 1 $3100,00&00 $300,000.00
Sub-total= $1,956,000.00
Utilities and services
Power 10370 $7.010 $72,590.00
Gas 10370 $3.50 $36,295.00
�Phone 10370 $3,x) $36,295.00
Cable 10370 $2,50 $25,925.00
Sub-total $171,106,00
Total on-site infrastructure improvement costs: $4,660,202,30
Total Engineering and Design Costs(20%total improvements): $5,592,242.76
Add 25%Contingency: $6,990,303.451
Total Engineering and Design and contigency $2,330,101,15
Mandeville lot inventory
ILand 7 Proposed
Existing Tract I-A 22.2 acres 19.5 ac
Existing Tract 2-A 10,0 acres 30.5 ac
Existing Tract 3-A 24.8 acres 17.8 ac
Existing Tract 4-A 28.4 acres 7 ac
85.3 acres 74.8 ac
Lot divisions---i
New Tract 1-A Lots acres sqft $I s9ft
price
Lot 1 4.5 196,020 $ 3,75 $ 735,075
Lot 2 3.2 139,392 $ 4.25 $ 592,416
Lot 3 3.7 161,172 $ 4.25 $ 684,981
Lot 4 8.1 352,836 $ 3.50 $ 1,234,926
!Subtotals 4 19.5 acres $ :3:2::4:7:,:3:9:18
New Tract 2-A acres sqft $ sqft price
Lot 1 1,3 56,628 $ 5.00 $ 283,140
Lot 2 2.2 95,832 $ 4.50 $ 431,244
Lot 3 1.5 65,340 $ 5.00 $ 326,700
Lot 4 1.5 65,340 $ 5.00 $ 326,700
Lot 5 1,5 65,340 $ 5.00 $ 326,700
Lot 6 1.5 65,340 $ 5.00 $ 326,700
Lot 7 12 52,272 $ 5,00 $ 261,360
Lot 8 2,5 108,900 $ 4.50 $ 490,050
Lot 9 2 87,120 $ 5.00 $ 435,600
Lot 10 2.8 121,968 $ 4.50 $ 548,856
Lot 11 1.6 69,696 $ 5,00 $ 348,480
Lot 12 IZ 65,340 $ 5.00 $ 326,700
Lot 13 1.6 69,696 $ 5.00 $ 348,480
Lot 14 1,5 65,340 $ 5.00 $ 326,700
Lot 15 2.9 126,324 $ 4.50 $ 568,458
Park lot 3.4 148,104 $ - $ -
ISubtotals 1 16 30.5 acres $ 51616,8681
New Tract 3-A Lots acres sqft s9ft price
Lot 1 2.9 126,324 $ 4.50 $ 568,458
Lot 2 3 130,680 $ 4.25 $ 555,390
Lot 3 3 130,680 $ 4.25 $ 555,390
Lot 4 3.5 152,460 $ 4.25 $ 647,955
Lot 5 2.1 91,476 $ 4.50 $ 411,642
Lot 1.5 65,340 $ 5.00 $ 326,700
Park lot 1.8 78,408 $ - $ -
ISubtotals 7 77J777777.8 acres $ :3:065�535
New Tract 4-A Lots acres sqft sqft p rice
Lot 1 2 87,120 4150 $ 392,040
Lot 2 5 217800 $ 3.75 $ 816,750
Cell tower 0.2 8:712 - -
.Subtotals 3 7 acres $ 1,208,790
Totals Lots acres price
30 74.8 $ 13,197,591
2 park lots
1 Cell lot
IROW 10.5 acres
Alternative energy concept
Solar
per 10' long with 10' space between _ per 20'
Array 8' high lineal ft cost total
5280 Ift $ 7,000 per 20' $ 1,848,000
City portion 1800 Ift $ 7,000 per20' $ 630,000
State portion 3480 Ift $ 7,000 per20' $ 1,218,000
Power Gen
1 kw per 8' x 10' array and 5kw avg per day
5
Unit every 20 feet
Number of Solar arrays 264
KW per array 1
total KW 264
Max KWH per day 5
Daily KWh output 1,320
Annual KW output 481,800
Northwest energy sale of KW $ 0.06 Northwest energy commercial service
Direct cost savings annual $ 26,499
Pay back $ 1,848,000
70 years
Financial options
25% grant $ 462,000 savings 52 years
30% tax credit $ 554,400 deductions 49 years
1,113,000 USB benefits $ 735,000 remaining 28 years
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