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~ lU <br />~~~ ~ <br />Proforma Summary <br />Option # 1 <br />(5-story design) <br />Building size: 152,000 gsf (141,000 rental sq. ft) <br />County/transit office building only <br />Esti~ated cost: $30,100.000 (excluding land )OO <br />County will finance: $19,000,000 <br />Transit funding: $ 9,844,000 <br />Streetscape (Salem): $ 1,300,000 <br />Private development: unknown <br />Parking: <br />Interest rate & term: <br />Estimated rental rates <br />County depts. <br />private office <br />Occupancy: <br />County <br />Co. espansion <br />Transit <br />Transit mall <br />256 stalls (underground) <br />59 space may be available at grade on north side of block <br />634% @ 25 yr. (tax exempt portion @ 5.75%) <br />$1.30/sf (85,000 s~ <br />$1.60/sf (29,000 s fl <br />85,000 gsf (first year) <br />29,000 gsf <br />27,000 gsf <br />58,000 sf <br />Risks associated with current design & performa: <br />• Change in interest rates <br />• Guaranteed maximum price (GMP) may exceed cost estimates <br />• Pre-construction environmental cleanup cost may exceed estimates <br />• Expansion space may not be fully leased <br />• Cost for Operations & maintenance may exceed budget ($0.28/s fl <br />• Streetscape funds are not forthcoming <br />OO Cost estimates do not include private development costs for north side of block. <br />