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;"~ <br />' ~ <br />WORST CASE PROJE CTION <br />RELATED PROJECT COST <br />MARION COUNTY 80:1 RATIO <br />~ (Excluding Mass Tzansit/Private Retai~) <br />Construction Cost Estimated @ ~90.00 per/s~ <br />Par}xin~+ Area <br />~ 340 Par~ing ~talls; @ ~9,484 ea. ~3,224,560 <br />P~mit~ ~ System D~l. C~arges; ~ 87,890 = ~ 3,312,450 <br />"Transit pravides 10 stalls / 3~0 total. <br />~ First Floor <br />Retai~ Space; 13,000 NSF ?V'ot included: ~ _0_ <br />Second Ed Tkird Floor <br />~ O{~ce Space; 76,200 SF ~a ~90.00 SF ~6,858,000 <br />(~41.00 / Skell F~ ~49.00 GSF/TI 's) <br />~ Permits ~ System Devel. C~iarges; ~ 96,700 = ~ 6,954,700 <br />Fourth Floor <br />~~{ice Space; Un~nown at t~is time: ~ ~_ <br />~ Permits ~ Svstem De~el. C~arr~es: ~ -0- _ ~ -0- <br />SLTB TOTAL OF HARD COST = ~10,267,150 <br />Contingency Account: Misc. ~a j% (rounded) ~ 513,357 <br />~~ Demo~ition E~ Excavation <br />(Possible Range o~ 43% to 52%) @ 43% ~1,054,790 = ~ 1,054,790 <br />~ Sub Tota.l = ~11,835,298 <br />So~t Cost Rounded = $~11,835,000 <br />Arc~iitect Fee C 6% o~ Hard Cost ~ 616,029 <br />~ Appraisal ~or Lender ~ 1j,000 <br />Construction Interest: <br />1.~% ~or 2 yrs. / 100% LJC ~ 420,000 <br />~ Project Manager ( 3 to 5 yrs.) @ 5% $ 591,750 <br />Legal Fees ~ 75,000 <br />Lease L'p / Reserves ~ -0- <br />~ <br />Leasing Fees / Bzo~ezage ~a 4% ~ -0- <br />Loan Fee @ 3% ~ 420,000 = ~ 2,137,779 <br />~ Contin~ency Account 5% (so~t cost) ~ 106,889 = v~ 106,889 <br /> S ub Total = ~ 14, 079, 668 <br /> Rounded = ~14,080,000 <br />~ TOTAL RELATED COST = ~14,080,000 <br />~~ pa~e 3/ Worst ~a Best Case Projections <br />DAN BE88EY, P.C., B80KE8 <br />