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<br />COURTHOUSE SQUARE
<br />Direct Construction Cost and Cost Sharing Summary
<br />Com onent Total Cost Transit Cost Coun Cost
<br />Building Shell & Core $1 ~,262,900 $2,276,6281 $8,986,2722
<br />Parking 3,020,512 1,000,1563 2,020,356
<br />Parking Alternate # 1 930,300 61,6454 868,655
<br />Bus Mall 2,217,878 2,217,878 0
<br />Sub-Totai $1?,431,590
<br />Tenant Finishes:
<br />Ground Floor $659,307
<br />Second Floor 481,994
<br />Third Floor 697,318
<br />Fourth Floor 642,601
<br />Fifth Floor . 524,203
<br />Sub-Total $3,005,423
<br />Total Direct
<br />Construction Cost $20,43?,013
<br />Streetscape
<br />Grand Total Direct
<br />Construction Cost
<br />1,691,1506
<br />$22,128,163
<br />$5,556,307
<br />$500,3215
<br />0
<br />0
<br />0
<br />364,468
<br />$864,T89
<br />$11,875,283
<br />$158,986
<br />481,994
<br />697,318
<br />642,601
<br />159,735
<br />$2,140,634
<br />$6,421,096 $14,015,917
<br />O
<br />O
<br />The cost sharing percentage is therefore developed by dividing transit's
<br />share of the Total Direct Construction Costs ($6,421,096) by the Total
<br />Direct Construction Costs ($20,437,013) which equals 31.42%. This
<br />percentage is ihen applied to all invoices related to construction of the
<br />projec~, except the "special considerations."
<br />1 Transit share is based on 20.07% of total plus $27,003 for 50% of floor/ceiling cost
<br />between parldng garage and building.
<br />2 County share is based on 79.93% of total plus $27,003 for SO% of floor/ceiling cost
<br />between pazl~ng garage and building.
<br />3 SO°/a of cost of common mall/ceiling cost between parking garage and bus mall, plus
<br />the acquisition costs of ~FO fuushed parldng spaces from the County. These costs have
<br />been added to the mall cost in the F1'A grant budget
<br />4 50% of cost of common mall/ceiling cost between parking garage and bus mall on
<br />alternate # 1. This cost has been added to the mall cost in the FTA grant budget.
<br />5 Includes $62,445 for TIs for transit retail space on ground floor and 50% of TIs for
<br />conference center ($124,455). -
<br />6 Streetscane fitllv funded b-,~ Citv of Salem Urban Renewal ~nds.
<br />Ch2 Cost Allocation
<br />09/29/98
<br />78
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