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~ ~ ~ <br /> _ _ <br />~ <br />~ CONSTRUCTI~N COS7C <br />~ ANALYSIS OF PAR.KING 5TRUCTLJRE <br /> Par~ing Structure: Financed with GO.P.'s <br />~ Esti.mated: 3j0 Stalls ~C'ostic neec~s to revi¢iv and ~~ot out. C~iec~r engin~ering <br /> ~SSU~ ~~th bus manspanniny over par~ring area.~ . <br /> T~is will kave an e~~ect on Hard Cost. <br />~ Hard Cos~ <br /> 350 Stalls (x) ~9,800 With Permits: ~3,430,000 <br /> Contingency Account 5%: 17 ,500 <br />~ Sub Total: $3,601,500 <br /> So~t Cost <br /> <br />~ Arc~itect Fees: ~a b%: ~ 216,090 <br />e (Hard Cost) <br /> Appraisal Fe <br />s: ~ 7,500 <br /> Construction Interest <br />~ ~a l.j% 100% / 24 m~. ~ 129,000 (Loan 100%) <br /> Construction Insurance: ~ 5,000 <br /> Project Coordinator: @ 5% ~ 180,075 (Hard Cost) <br />~ Le~a~ Fees: ~ 4j,000 (Esti.mated/Un~xnown} <br /> Lease Up / Reserves: ~ -0- <br />.~ <br />~ Loan Fees: ~a 3% ~ 12QSZ 0 <br />S,ib Total: ~ 711,66j <br /> Cantingency 5% So~t Cost: ~ 35~583 <br />~ Total Soft Cost: ~ 747,248 <br /> Total Project Cost: ~4,348,7-~8 <br /> Total Project Cost (Rounc~ed): ~4,350,000 <br />' <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />Cost Per/Stall: <br />4.3 mil (n 350 sta~s: ~12,429 ('I~iis cost is u~rt~eout tlie added cost for excavation <br />of tlie enfire city b~oc~. Estimates win ne¢c~ fo b¢ obtaireec~1 <br />Debt Cost Per/Stall: <br />Covn awns }~ar~iino: <br />Cost: ~4,300,000 <br />Eq~ty: -0- <br />Balance: ~4,300,000 <br />Annual Debt: <br />@ 6.5% / 25 yrs: ~348,407 <br />D~~er owns ~a~ <br />Cost: ~4,300,000 <br />Equity: ~1,290,000 (30%) <br />Balance: ~3,010,000 (70%) <br />@ 9.25% / 25 y~.: ~309,325 <br />= Debt per/stall: ~995 annually ~883.79 <br />Return on Capital Investment C~ 10%: ~3f38.57 =~1,252.36 <br />cv/o Maintenance ~ <br />pa¢e Z / Construction Cost <br />' DAI~ BERREY, P. C., BBA~R <br />i <br />