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~ ~ <br />Marion Count~ <br />OREGON <br />GENERAL SERVICES <br />ADMINISTRATION <br />(503) 588-5455 <br />FAX(503-588-5495) <br />FACILITIES <br />MANAGEMENT <br />(503) 588-5154 <br />FAX(503-373-4430) <br />HUMAN RESOURCES <br />(503) 588-5165 <br />FAX(503-588-5495) <br />PURCHASING & <br />SERVICES <br />(503) 588-5295 <br />FAX (503-373-4379) <br />PROPERTY MANAGEMENT <br />(503) 588-5047 <br />FAX(503-588-5495) <br />BOARD OF <br />COMMISSIONERS <br />Randall Franke <br />Gary Heer <br />Mary B. Pearmine <br />ADMINISTRATIVE <br />OFFICER <br />Ken Roudybush <br />MEMORANDUM <br />TO: Dan Petrusich, Melvin Mark Devel. Co. <br />FROM: Randy Curtis, Director 1~e/ <br />SUBJECT: Project Budget <br />DATE: September 5, 1997 <br />As we finalize the new budget and the cost projections for Courhouse Square, it <br />is important that we capture all the costs necessary to finance the project. In <br />order to insure that everybody is on the same page, I have summarized below the <br />expenses that should be included in the cost analysis. By copy of this letter, I am <br />asking all development team members to let me know if they're are any cost <br />issues that have been missed. <br />First, it is my understanding that this analysis will be completed by September <br />18`'' in order to allow RG. a.nd me to recommend adoption of various agreements <br />and contracts that will be submitted to our respective Board's the week of <br />September 22"d. Listed below are the elements that I believe need to be <br />considered in the cost analysis a.nd fmancing of the project: <br />1. Cost estimates for building construction (prepared by Pence/Kelly). <br />2. Expenses incurred for consultants and services in the pre-construction <br />phase of the project. (Elyn Lyon is coordinating this with transit and <br />Kathy Kimeaz) <br />u <br />3. Estimated cost to complete remediation (preconstruction services) of the <br />., <br />~5~ <br />site. (Elyn and David Hartwig will coordinate) ~~ ' f~ r~t C~~k.E.c ~~ a ~~~ 1~ <br />~ ~ ~ '~~ <br />4. Cost associated with financing the project (Scott Clements). <br />C;~~~,' 1 t ! GC ;~.~ <br />5. Soft costs including consultants, lease reserves, insurance, etc. <br />6. Revenues available that reduce the amount to be fmanced by the county. <br />, <br />~. h~-~ ~c . , , s_ f <br />100 High Street NE, Room 5321 • Salem, Oregon 97301-3665 <br />