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~~ o ~ <br />~~ <br />~ SUl~~]~1ARY OF PROPOSAL <br />~ Tke reader needs to ~dezstand tkat no ~nal plan by t~e Arcliitect ~as been completed. <br />Unti~ suc~ time as a set o~ plans are completed and bids are obtained. t~e ~ollowing <br />in~ormation ~as only been pravided to ~ive Marion County and Salem Mass Trnnsit a <br />~ basic undezstandin~ as to t~e possible ~easibi~ity and potential terms o~ tlie development. <br />~ Building Design; <br /> T~e {irst step once tke County has appraved ~t~ budget is to prepare a <br /> design wit~ tenant impravements to aid t~e Project Coordinator in t~e bid process. <br />~ T~e attaclied report is assumin~ a building cost o~ ~80.00 to ~90.00 per SF <br /> ~arc~. Cost ~nly~. <br /> Design; <br />~ 13,000 ns~ Fi~t Floor Retail/O{~ice. <br /> 61,000 nsf Second ~ Th~d Floor O~{ice for Marion County. <br />~ (71,700 to 76,200 GSF / 85:1 or 80:1 Raho.) <br /> 4~,000 ns~ First ~ Second Floor Day Care/TransitJBoarc~ Rm. <br /> L~n~nown ns~ Fourt~ Floor Private Mar~xet Space. <br />~ 400+/- Par~in~ Stalls (1.51evel parizing structure.) <br /> (Design not completed by Arc~itect 7/22/96.) <br />/-~` Cost o~ Construction; <br />' Transit Facility: ~ 7,~31,000 <br /> County's Portion: ~12,685,000 / ~14,080,000 <br /> Private Portion: ~ 1,739,000 <br />~ Total Cost: ~21,855,000 /$23,250,000 Hard, So~t Cost ~ <br /> Par~tin~ Structure <br />~ Land Value ~ Lease; <br /> It is esti.ma~ed tbat t~e land ~as a value o~ ~17.00 per SF. <br />~ - T~us equaLs a total value o~ ~1,9~,894. <br /> Assumptions: Est. % ~ccupancy % o~ Desi~natecl Value <br /> County GSF: 76,200 (42.5%) ~ 83j,080 <br />~ Transit O{~ices: ~5,000 (25.0%) ~ 491,224 <br /> Bus Mall: ~5,240 (25.2j% ~ ~96,135 <br />~ Retail: 13,000 ( 7.25%~. ,~~_]~~z <br /> Total: 179,200 (100%) ~1,964,894 <br />~ <br />~_, <br />~ <br />~ ~a~e 11 / $ummarv o{ Proposa~ <br />~ DAN BERREY, P. C., BROKER <br />~ <br />