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~ ~ a <br />~ <br />~--~ <br />, <br /> SUI~~]~1ARY WORST CASE <br />~ PROJE CTION ~ <br /> COUNTY CA5H REQUIREMENTS ~ - <br />~ Assumptions: <br /> 80:1 Ra.tio <br />~ Gross Squaze Foota~e: 76,200 <br /> Net Square Foota~e: 61,000 <br /> Total Project Cost (Marion County and Par~zing Only ~ So~t Cost.) <br /> <br />~ ~14,080,000 @ ~90.00 GSF <br /> Annual Debt Terms: <br /> C 6.5% (Uain~ C.O.P.'s) <br />~ (Total ~u:ual Cost) <br /> 25 year amortization: ~1,140,830 (+) O/M ~256,000 = ~1,396,830 <br /> 40 year amoztization: ~ 989,187 (+) O/M ~256,000 =~1,245,I87 <br />~ <br /> Less: Par~ Income <br /> <br />, County Income 120 stalls: @~50.00 ea. _~ 72,000 <br /> Private 87 +/- stalls: ~a ~50.00 ea. _~ 52.200 <br />~ Total Par~xin~ Income: _~ 124, 200 <br />~ <br /> Annual Cost: Bud et Cost Per/SF <br />( g ) ~ ) <br /> 25 year amortization: ~1,272,630 / 61,000 NSF: ~20.86 vs. ~14.40 <br />! ~0 year amortization: $~1,120,987 / 61,000 NSF: ~18.37 <br />' Cas~ Bi~~erence: <br /> Budget: ~1,080,000 Bud~et: ~1,080,000 <br /> _ 25 year: ~.1,~,,6~ 40 year: ~l,] 20,987 <br />~ Di{fer.: ($ 192,630) Di~fer.: (~* 40,987) <br /> County Budget at ~14.40 / ~I.20 mo. (~1,080,000) <br />~ Loan Reduction: (Cas~ Requirement) . <br /> 25 year: ~~,~~418 40 year: ~ <br />~ <br />~ <br />~ <br />~ <br />Rental rate needed to meet cost under current model: U~g 76,200 GSF ~~ <br />25 year: ~ 16.70 /~ 1.39 mo. 40 year: ~ 14.71 /~ 1.23 ~ <br />IT SHOULD BE NOTED THAT THIS CASH RFQLTIREME:~'T IS ~ITH <br />'~'_O COST SAVI\'G IDEAS PL'T I'.~rI"O PLACE ON THE PROJECT. <br />pa~e 2/ Worat ~ Beat Caee Projections <br />DAN BERREY, P.C., BROI~R <br />~ <br />