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<br />COURTHOUSE SQUARE
<br />Direct Construction Cost and Cost Sharing Summary
<br />Com onent Total Cost Transit Cost Count Cost
<br />Building Shell 8~ Core $11,262,900 $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-Total $17,431,590 $5,556,307 $11,875,283
<br />Tenant Finishes:
<br />Ground Floor $659,307 $500,3215 $158,986
<br />Second Floor 481,994 0 481,994
<br />Third Floor 697,318 0 697,318
<br />Fourth Floor 642,601 0 642,601
<br />Fifth Floor 524,20~3 364,468 159,735
<br />Sub-Total $3,005,423 $864,789 $2,140,634
<br />Total Direct
<br />Construction Cost $20,437,013
<br />Streetscape 1,691,1506
<br />$6,421,096 $14,015,91?
<br />O
<br />O
<br />Grand Total Direct
<br />Construction Cost $22,128,163
<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 then applied to all invoices related to construction of the
<br />project, except the "special considerations."
<br />i Transit share is based on 20.07% of total plus $27,003 for 50% of floor/ceiling cost
<br />between parking garage and building.
<br />2 County share is based on 79.93% of total plus $27,003 for 50% of floor/ceiling cost
<br />between parking garage and building.
<br />3 SO% of cost of common mall/ceiling cost between parking garage and bus mall, plus
<br />the acquisition costs of 40 firiished parking spaces frQm the Caunty. These costs have
<br />been added to the mall cost in the F'I'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 F"TA grant budget.
<br />5 Includes $62,445 for TIs for transit reta.il space on ground floor and 50% of TIs for
<br />conference center ($124,455).
<br />~ Streetscape fullv funded by Citv of Salem Urban Renewal Funds.
<br />Ch2 Cost Allocation
<br />09/23/98
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