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Study Recommendations <br />Complete a GIs Site Selection Study to identify sites with greatest <br />development potential near or adjacent to development corridors. <br />A GIS site selection study is a non -bias computer based site selection <br />study that can look over all parcels within a county or selected area to <br />determine developability based on selection criteria defined. For <br />example, if the parameters were to identify all parcels with XX acres of <br />developable acres adjacent to rail within XX miles of the interstate, <br />queries would be run to find the best parcels available. Once the data is <br />assembled running queries can be run quickly. <br />BUDGET: $15,000 to $25,000 <br />TIMMONS GROUP NAICarolanticRealty a9 ORANGE COUNTY <br />Co ht ©20122018 ll "...�"�,� ",- . "�".�� NORTH CAROLINA <br />P7�'�g <br />Timmons Group AI I Rights Reserved <br />Study Recommendations <br />Consider gaining "control" of properties (i.e. option agreements) with <br />high development potential. These sites would be identified with the <br />GIS Site Selection Study. <br />Approximately 60 -70% of inquiries come in for Shovel/ Pad Ready <br />Sites and /or Existing Buildings. Shovel ready and speculative building <br />has some risk based on the financial investment needed to develop <br />sites; however, it is best way to reduce development timelines and has <br />proven to be a successful model in other locations throughout the state. <br />BUDGET. $100 to $200 per acre for options <br />TIMMONS GROUP K41carolanticReany e0 ORANGE COUNTY <br />Copyright 0c2012-2018 CM NORTH CAROLINA <br />Timmons Group All Rights Reserved <br />1/22/2018 <br />25 <br />