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PRELIMINARY <br />BASED ON CURRENT REDESIGN <br />8~ 2-11-98 MMDC PROFORMA <br />Revised 3-26-98 <br />Salem Area Transit <br />Ch2 Transit Operating Pro Forma <br />Assumption <br />Expense Rate/sf . . . ~~~ ;"~ <br />C d Off <br /> on o ice Maintenance Fee ~2s,asasrr~ S.2sist~ <br />1 Cleaning Expense $ 0.089 $ 2,392.68 <br />2 Personnel Expense 0.025 672.10 <br />3 Minor Maintenance 0.002 53.77 <br />4 Other Maintenance 0.018 483.91 <br />5 HVAC Maintenance 0.023 618.33 <br />6 Electrical Maintenance 0.005 134.42 <br />7 Utilities 0.101 2,715.28 <br />8 Security/Life Safety 0.004 107.54 <br />9 Insurance 0.014 376.38 <br />10 Miscellaneous Costs 0.009 241.96 <br /> $ 0.290 $ 7,796.36 $ 7,796.36 $ 93,556.32 <br /> Transit Mail <br />11 Cleaning Expense ~.s ~ seN~ce wor~er> $ 1,290.00 <br />12 Maintenance ~ss,aza st~ $ 0.040 2,672.96 <br />13 Utilities (ss,a2a st~ 0.010 668.24 <br />$ 0.050 $ 4,631.20 $ 4,631.20 $ 55,574.40 <br />Other Expenses <br />14 Major Maintenance Reserve $ 0.020 $ 537.68 <br />15 Office Cleaning ~.s ~ seN~ce wor~er~ 1,290.00 <br />16 Parking Maintenance _ <br />17 Leasing Agent ~sx~ _ <br />18 Property Taxes on 6578sf of Leased Space # $ 0.160 1,052.48 <br />$ 2,880.16 $ 2,880.16 $ 34,561.92 <br />Total Expenses 515,307.72 5 183,692.64 <br />Revenue/Expense Reductions <br />Expense Reductions <br />Current Downtown Funds: <br />19 Rent <br />20 Utilities <br />21 Storage Unit <br />$ 1,812.00 $ 21,744.00 <br />$ 1,432.00 <br />$ 380.00 <br />$ 77.00 $ 924.00 <br />Revenue <br />22 Transit Retail (sasss~ (5% vacancy allowed) # $ 2.00 $ 7,738.00 a 7,351.10 $ 88,213.20 <br />23 Transit Expansion (2~oss~ (s96 vacancy a~iowed~ # $ 1.60 $ 4,334.40 $ 4,117.68 $ 49,412.16 <br />24 Parking Revenue (ao sPaces~ $ 40.00 $ 1,600.00 S 1,600.00 $ 19,200.00 <br />25 Private Land Lease on 20,000 sf $ 1,258.00 $ 1,258.00 $ 15,096.00 <br />Total Revenues and Expense Reductions 16,215.78 S 194,589.36 <br />Net Cash Flow • il „-0; 4 <br />' Net gain would be used to offset other District Operating expenses <br /># Property tax on leased spaces induded in rent <br />Conference Room rent not induded - undeterminable <br />Ch2 ProFortna Revised 3/28/98 <br />