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~ • <br />~; ' <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />• ~ <br />OPERATING ~ MAINTENANCE RATIO OF so:l <br />Estimated Annual Operating Expenses: <br />Annual Income: <br />Based on: ~1,080,000 Est. Bud~et: $14.40 /~-1:20 mo. <br />Less Vacancy: <br />E~~echve Gross Income: <br />Otker Income: <br />County Par~in~ <br />Private Par~zing <br />Total Income: <br />Less Annual Expenses: <br />Property Taxes: <br />Property Insurance: <br />Property Management: <br />Utilities: <br />Janitorial: <br />El~t~: <br />Win.dows: <br />Maintenance: <br />~ -0- <br />~1,080,000 <br />~ 72,000 (I20 stalls @ ~j0.00 ea./mo.) <br />( 87 stalls @ ~50.00 ea./mo.) <br />~ 972,900 <br />~ -0- (~1.50 to ~2.20 ~TSF~ <br />~ 7,010 @ ~0.092 / G~ F <br />~ 43,200 ~« 4% o~ ~1,080,000 (3% / 6%) <br />~ 99,060 @ ~1.30 GSF(~I.05 / $1.73NS~ <br />$ 64,008 @ ~0.84 GSF <br />~ 4,750 <br />~ 2,000 <br />~ 32,400 <br />Reserves / Capital Imp. <br />~ Total Exp~~: <br />(Rounc~ed) " <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~- <br />~ <br />~ 274,028 <br />~ 274,000 <br />Net Operating Income: . ~ 806,000 <br />7"h¢ mod¢JS have be¢n ~~~t~ E'x~~s¢s at: ,~256,000 (~3.36 GSF) <br />Expenses do not include Property Taxes: ~1.50 /~2.20 NSF <br />Lease Up Reserves: One percent of EGI. <br />Vacancy: Five to ~even Percent of EGI. <br />Wi~ Property Taxes adc~ed to t~e project t~e cost would come in at rn~er ~5.00 NSF. <br />A{iirther review o~ t~e operating cost ~or t~e par~xing structure needs to be completed. <br />I~ cost weze ~S.nO GSF:~381,000 -~256,000 =~0.14 NSF / mo. Increase. <br />Total Construetion Cost: <br />County O{~ices: 76,200 GSF @ ~80.00 <br />Par~ing Structure: 340 stalls <br />Contingency Account: ~620,000 <br />So{t Cost <br />~ .Total Marion County Cost: ~1~,080,000 <br />Aruiual Debt Service : <br />~a 6.~% w/ C.O.P.'s 25 yr: ~1,140,830 <br />4o yr: ~1,120,987 <br />pa~e 9 / ~peratin~{ ~~ i~'Iaintenance <br />DAN BERREY, P. C., BBOKEB <br />(Bic~s Needed / I~ ot available) <br />@ 3% EGI (2.9% / 4.7%) <br />@ 2% EGI (1% / 4°/a) <br />(~3.60 GSF / ~.49 NS~ <br />Cuaent mar~xet ~2.53 / ~5.75 NS~ <br />~ <br />