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No. 1116 approving the fair re-use value of property in the Toll Road Industrial Park
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No. 1116 approving the fair re-use value of property in the Toll Road Industrial Park
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a <br />RESOLUTION NO. 1116 <br />EXHIBIT "A" <br />PARCELS IN THE TOLL ROAD INDUSTRUAL PARK <br />PRE -PAID <br />APPROXIMATE 20 -YEAR LEASE/ <br />SQUARE FEET LEASE /PURCHASE PURCHASE PROPOSED <br />PARCEL NO. OF SITE VALUATION OR SALE VALUATION RE -USE <br />Lot 5 <br />Lot 11 <br />2.36 Acres <br />3.72 Acres <br />$42,250 <br />$54,800 <br />Annual pay- <br />ments of <br />$3,833.14 <br />for 20 years <br />with balloon <br />payment of <br />$1.00 at <br />end of 20 <br />year period. <br />Annual pay- <br />ments of <br />$4,962.92 <br />for 20 years <br />with balloon <br />payment of <br />$1.00 at <br />end of 20 <br />year period. <br />Industrial <br />Industrial <br />PRE -PAID <br />APPROXIMATE 20 -YEAR LEASE/ <br />SQUARE FEET LEASE /PURCHASE PURCHASE PROPOSED <br />PARCEL NO. OF SITE VALUATION VALUATION RE -USE <br />Lot 15 <br />Lot 18B- <br />North <br />(Split) <br />ML:Res1116 <br />14.56 Acres <br />24.15 Acres <br />$112,200 <br />$191,600 <br />Annual pay- <br />ments of <br />$10,156.07 <br />for 20 years <br />with balloon <br />payment of <br />$1.00 at <br />end of 20 <br />year period. <br />Annual pay- <br />ments of <br />$17,345.64 <br />for 20 years <br />with balloon <br />payment of <br />$1.00 at <br />end of 20 <br />year period. <br />Industrial <br />Industrial <br />
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