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<br />EXHIBIT XXXVI-D <br /> <br />"BUT FOR" ANALYSIS <br /> <br /> <br />e site, which is the former Marv's Transmission site located at 715 Old Highway 8, <br />tains a one-story masonry building of approximately 1,421 square feet which has <br />n determined to be blighted, is vacant and is functionally obsolete. In order to <br />evelop the site, the City was required to acquire the site and will also need to <br />olish the building and pavement, perform environmental testing and remediate any <br />lution. The cost of assembling and preparing the site is estimated to be <br />roximately $415,000. <br /> <br />proposed redevelopment will consist of an approximately 6,000 square foot office <br />Iding with surface parking. The value of the site for this use is approximately <br />5,000. The difference of $240,000 between the cost to develop the site and its <br />ue as developed will be assisted by the use of tax increment. But for the use of tax <br />rement, the proposed project would not proceed in the reasonably foreseeable <br />reo <br /> <br />G, PDATA\N\NEW BRIGHTON\SS\TIF\TIF PLAN EXHIBITS.DOC <br /> <br />XXXVI-D-1 <br />