HomeMy WebLinkAboutPROSPECT INDUSTRIAL PARK, LOT 32, MIDPOINT SELF-STORAGE - PDP - 28-98B - SUBMITTAL DOCUMENTS - ROUND 3 - TREE MANAGEMENT PLAN-rc
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Midpoint Self Storage Solutions MexAWs>
Tree Removal and Replacement
Undersubmitted I Tnder revised plan L9.ss
Total number of rentable units 288 264 24 units
Rentable Square Footage 51,595 47,995 3,600 sq.ft.
Monthly Rental Income $27,533 $25,481 $2,052/month
Annual Rental Income $330,396 $305,772 $24,624/year
Considerations:
1. Loss of $24,624 per year in rental income comes right out of our bottom line and based
on our consultant's figures, lowers our return on investment to under 6%. The project is
probably not feasible at this kind of return.
2. The usability of Building 4b, and the east half of building 5b would also be brought in to
question. Losing these additional units would certainly raise the level of risk in the project
beyond what we could accept. There might also be issues related to the fire loop if we are
unable to get through the trees on the east side. Further re -engineering delays will also
result in a tremendous amount of lost revenue for our business.
3. We believe that the public would be much better served if we were to replace the trees
with other species in areas where the public would get some benefit from them. We don't
see the benefit in trying to save two very old cottonwoods, which may or may not be
female, in the middle of a sea of metal mini storage buildings in an industrial park that few
people ever see.
4. There is the very real possibility, because of the age of the trees, that within a few years
we would faced with cutting them down anyway from a safety standpoint. This would the
worst of all worlds for our business; We go to extra expense and loss of time to work
around them initially, lose the revenue from the buildings they prevent, have to re -engineer
and re -work our site while trying to run a business when they do have to be removed, and
hope that the reason we have to remove them is not that a branch has fallen a building, car
or customer.
5. There were many, many more trees along this ditch that have been removed as the
industrial park has been developed and we don't feel that we should have to deal with a
different standard on our project. We picked an industrial site for this project in part to
avoid this type of consideration.
Chuck McNeal
Javier Martinez Campos
Partners