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~ ~ ~ ~ <br />~ ' <br />; <br />~ORST CASE PROJECI <br />ION <br />~ RELATED PROJECT COST <br /> NIARION COUN'I'Y 80:1 RATIO <br /> <br />~ (Excluding Mass Transit/Private Retail) - ' <br /> Construction Cost Estimated ~a ~90.00 per/sf <br /> Par~xin~+ Area <br />~ 340 Par~xing Stalls; @ ~9,484 ea. ,~~'3,224,560 <br /> Permits ~ System Devel. C~arges; ,~ 87,890 = ~ 3,312,450 <br /> 'Transit provides 10 stalls / 350 total. <br />~ First Floor <br /> Retai~ Space; 13,000 NSF Not includ.ed: ~ -0_ <br /> Second ~ T~ird Floor <br />~ O{~ce Space; 76,200 SF @~90.00 SF ~6,858,000 <br /> (~41.00 / S~ell ~ ~49.00 GSF/'TI's) <br />~ Permits Fd System De~el. C~g~; ~ 96,700 = ~ 6,954,700 <br /> Fourt~ Floor <br /> ~~ce Space; Un~mown at t~us time: ~ -0- <br />~ Permits ~ Svstem Devel. C~ars~es: ~ -0- = v~ -0- <br /> SLTB TOTAL OF HARD CO~T = ~10,267,150 <br /> <br />~ Contingency Account: Misc. ~a j% (rounded) ~ 513,357 <br />~ Demolition f3 Excavation <br /> (Possible Range o~ 43% to 52%) @ 43% ~1,054,790 = ~ 1,054,790 <br />~ Sub Tota.l _ ~11,835,298 <br /> So~t Cost Rounded - $~11,835,000 <br /> Arc~itect Fee C 6% o~ Hard Cost ~ 616,029 <br />~ Appraisal ~or Lender .,~'i. 1j,000 <br /> Construction Interest: <br /> __ 1.5% ~or 2 yrs. / 100% LJC ~ 420,000 <br />~ Project Manager ( 3 to 5 yrs.) @ 5% ~ 591,750 <br /> Legal Fees ~ 75,000 <br /> Lease L'p / Reserves $ -0- <br />~ Leasing Fees / Bro~xera$e @ 4% ~ -0- . <br /> Loan Fee @ 3% ~ 420,000 = ~ 2,137,779 <br />~ Contingency Account 5% (SO{t ~ost) ~ 106,889 _ \~ 106,889 <br /> Sub Total - ~14,079,668 <br /> Rounded - ~14,080,000 <br />'~ TOTAL REIATED COST = ~14,080,000 <br />~ pa$e 3/~orst ~~ Best Case Projections <br />r~ ~ DAN BERSEY, P. C., BftOKF1t <br />~ . <br />