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of $490,560. Petitioner compares these estimates to the off-site
costs incurred in regard to the 14 lots of approximately $5,000
per lot.
In regard to the off-site improvements, respondent submitted
an expert report, prepared by Donald Lohr, which estimated the
off-site improvement costs for the Beaumont Property. Mr. Lohr
estimated off-site improvements for the 14 lots in Tract No.
10018-1 to be $5,821.82 per lot. Using the 1987 cost estimate,
to which he then added costs of waterlines and appurtenances plus
costs for miscellaneous items, Mr. Lohr initially determined the
off-site cost in 1987 was $10,767.74 per lot for the Exchange
Property (the 1989 cost would be $11,198.45). In light of
information available after filing his report (the 1988 cost
estimate), Mr. Lohr determined that the off-site costs were
slightly over $12,000 per lot for the Exchange Property.
Mr. Lohr stated that these costs associated with Tract No. 10018-
1 and Tract No. 22332 were not prohibitive. According to Mr.
Lohr, "[t]he [costs] to develop Tract No. 10018-1 were below the
average cost to develop single-family lots at that time and the
[costs] to develop Tract No. 22332 were no more than average" in
relation to those prevailing in 1989.
According to Mr. Kanengiser of Meadowlark Homes, the
off-site costs incurred by Meadowlark Homes in developing the
Exchange Property were not cost prohibitive. Meadowlark Homes
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