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G~touN~ L~-se A~irs~s (continued) <br />Assumptions regarding the parking use are: <br />1. Total parking spaces - 86 <br />2. Gross annual income per space -$600.00 <br />3. Vacancy and credit loss - 2~ of gross annual income <br />4. Expenses will be nominal, as County and/or Transit District staff will handle <br />management. Expense will be deducted at 15~ of effective gross income. <br />The table on the previous page indicates annual lease payments ranging from zero to <br />$100,000, noting that Scenario 3 renders the highest income. Realization of this income <br />stream is predicated upon the structure of the lease and requirements of the developer. The <br />table is meant to serve as a guide in evaluating the merit of the Scenarios presented in this <br />reporf and future development options. . <br />P99239 PALMER, GROTH ~ PIETKA, INC. 41 <br />