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• <br /> EXHIBIT A <br /> CONSTRUCTION/LABOR VALUE <br /> Multi—Family Development Costs: <br /> 570,000 + SF @ $40.00 PSF = $22,800,000 <br /> Retail/Office/Service Development Costs: <br /> 310,600 + SF @ $50.00,PSF = 15,530,000 <br /> Projected Cost of Improvements: $38,330,000 <br /> Value of Land After Development: <br /> 44 + Acres @ $35,000 Acre $ 1,540,000 <br /> • <br /> 40 + Acres @ $70,000 Acre $ 2,800,000 <br /> Total Value of Project at Completion: $42,670,000 <br /> Labor Value (Wages) of Improvements: $143757,050 <br /> (1) ($38,330,000 X 38.5%) <br /> FOOTNOTES: <br /> (1) Based upon local contractor estimates, project development <br /> over 3.5 years equates to approximately 169 construction <br /> related jobs annually. <br />