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Table 1: Projected Park Land Acquisitions as of --,December 2001
<br />Property
<br />Total
<br />Acres
<br />Price/
<br />Acre
<br />Total Cost
<br />Acres to be
<br />Acquired
<br />Est. Cost
<br />(12/2000)
<br />Est. Cost
<br />(12/2001)
<br />Note: All values adjusted upward since December 2000 analysis as follows: Lakeshore sites - 10% Non-lakeshore - 7%
<br />Note: Properties in bold strikeout are no longer available for acquisition, and not included in the totals
<br />Note: New additions to list are in italics
<br />Dayton property (Cty 6 @ N. Ferndale)
<br />91 ac.
<br />$33,000
<br />$ 3,003,000
<br />45 acres
<br />$1,485,000
<br />$ 1,589,000
<br />Properties west of Orono Golf Course
<br />142 ac.
<br />$ 5,500
<br />780,000
<br />70 acres
<br />$ 385,000
<br />$ 412,000
<br />Hackberry - house/lot in park
<br />275,000
<br />$ 275,000
<br />$ 294,000
<br />Kingsley Murphy property (Crystal Bay)
<br />Option - Purchase
<br />49 plus
<br />house
<br />25 ac. of
<br />Non-lkshr
<br />$82,500
<br />$55,000
<br />6,500,000
<br />25 acres
<br />$1,375,000
<br />$ 1,471,000
<br />Luce Line Access to Lowry Woods
<br />7 ac.
<br />$22,500
<br />plus house
<br />157,500
<br />plus house
<br />7 acres
<br />$ 275,000
<br />$ 294,000
<br />Bayside Road Access to Lowry Woods
<br />1 ac.
<br />$ 20,000 ?
<br />$ 21,500
<br />Property E. of Stubbs Bay Rd S. of RR
<br />88 ac.
<br />$22,500
<br />1,980,000
<br />50 acres
<br />$1,125,000
<br />$ 1,204,000
<br />Camp Teko
<br />18 ac.
<br />$192,500
<br />3,465,000
<br />--
<br />--
<br />--
<br />Trail underpass at CR 6 and OCB Rd
<br />$150,000
<br />$ 160,500
<br />Neighborhood Park near Hwy 12 and
<br />Old Crystal Bay Road
<br />$250,000
<br />$ 267,500
<br />Hennessy property near Saga Hill Park
<br />$150,000
<br />$ 160,500
<br />Sub Total
<br />$5,690,000
<br />$5,874,000
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<br />Total
<br />Acres
<br />e ���
<br />Price or Value
<br />per Acre
<br />Total Price or
<br />Value (12/2000)
<br />Total Price or
<br />Value (12/2001)
<br />Larson site in Navarre
<br />$200,000
<br />$ 200,000
<br />$ 214,000
<br />Carlson site (Crystal Creek)
<br />29 Ac.
<br />$15,000 ?
<br />$ 435,000 ?
<br />$ 465,000 ?
<br />Lurton site (Lake Classen area)
<br />38.6 Ac.
<br />$20,000 ?
<br />$ 770,000 ?
<br />$ 824,000 ?
<br />Trails in Bancor site
<br />$ 60,000 ?
<br />$ 60,000 ?
<br />$ 64,000 ?
<br />Navarre Park Improvements
<br />$100,000
<br />$ 100,000
<br />$ 107,000
<br />Saga Hill Park Access and Parking
<br />$ 30,000 ?
<br />$ 30,000 ?
<br />$ 32,000 ?
<br />Sohns Property in Navarre
<br />2.24
<br />Acres
<br />$200,000
<br />(2000 Est.)
<br />$ 260,000*
<br />Sub Total
<br />$1,595,000
<br />$1,966,000
<br />*$235,000 purchase price plus $25,000 in site costs such as building and debris removal, etc.
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