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.~ <br />~ <br />, <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~_. <br />' i <br />~ <br />~ <br />~ ~ <br />SUI~v~iA.RY BE ST CASE <br />PROJECTION <br />COUN7'Y CASH REQUIREMENTS _ <br />Assumptions: <br />85:1 Ratio <br />Gross Square Foota~e: 71,700 <br />Net Square Footage: 61,000 <br />Total Project Cost: (Marian County Building, Par~xing an~. Soft Cost.) <br />~12,685,000 @ ~80.00 GSF <br />Annual Debt Terms: <br />@ 6.5% (Using C.O.P.'s) <br />(Total Annual Cost) <br />25 year amortization: ~1,027,800 (+) O/M ~246,000 = ~1,273,800 <br />40 year amortization: ~ 891,182 (+) O/M ~246,000 =~1,137,182 <br />Less: Par~in~ Income <br />County income 120 stalls: @~50.00 ea. _~ 12,000 <br />Private 87 +/- stalls: Ca~ ~50.00 ea. = 5..200 <br />Total Par~xin~ Income: _ ~124,200 <br />Aruiual Cost: (Budget) (Cost Per/SF7 <br />2~ veaz amortization: ~1,149,600 / 61,000 NSF: ~18.8~ vs. ~14.40 <br />40 year amortization: ~1,012,982 / 61,000 NSF: ~16.60 <br />Cask Di~ference: <br />Budget: ~1,080,000 <br />25 year: ,~1,149,600 <br />- D~f~.: (~ 69,600) <br />Bud~et: ~1,080,000 <br />40 year: ~1,012,982 <br />Di~er.: ~ 6Z,018 <br />(Per / Randy Curkis) <br />(Llnder Budget.) <br />~ounty Buc~~et at ~14.40 / r~1.20 mo. <br />Lo uc as~ Requirement) <br />~ 5 y~r. ; 40 year• ~ -0- ~ <br />~rs ~ 99s <br />Rental rate nee ec~ to meet cost under current moc~el: Using 71,Z00 GSF <br />25 vear: S 16.03 /~ 1.33 mo. 40 year: ~ 14.13 /~ 1.18 mo. <br />IT SHOLLD BE :~TOTED THAT THE O?`LY COST SAVIti'G IDEA LTSED <br />IN THIS MODEL IS TO DECREASE THE COr1I~10N AREA BY 4,500 SF. <br />pa~e 4/ Wont ~+ Best Case Projectiona <br />• DAN BERRCY, P.C., BBOKEB <br />