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Attachment B: - <br /> Holly Creek Farm Subdivision <br /> Analysis of development options for Holly Creek Farms and <br /> the effect on the owners return on their investment. <br /> 5 Acre Lots 2 Acre Lots <br /> Number of Lots 9 20 <br /> Selling Price $510, 000 $720, 000 <br /> Expenses <br /> RealEstate Comm. $51, 000 $72, 000 <br /> Gravel Road (Base) $90, 000 $90, 000 <br /> Paving $115,000 <br /> Surveying $5,400 $20, 000 <br /> Total $146,400 $297, 000 <br /> Owner's Profit $363, 600 $423, 000 <br /> Selling the land in 2 acre lots would generate an additional <br /> $59 , 400 to the owners . This represents a reduced income <br /> potenital of $990 per acre based on a 60 acre subdivision. It <br /> also represents a loss of $21, 000 to the marketing agents of the <br /> community. The lot sales price for 5 acre lots is baised on the <br /> acutall selling price for the lots already sold and the estimated <br /> selling price of the 2 remaining lots. The cost of the 2 acre <br /> lots is based on the cost of similar lots in the watershed and <br /> was estimated to be $36 , 000 dollars per lot . Using these <br /> estimates if the watershed' s 19171 acres were fully developed <br /> there would be a potential income loss to the owners of watershed <br /> property of $18,979,290 . <br />