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<br />S Y OF COST
<br />RELATED TRANSIT COST
<br />First Floor
<br />O{{ice Space; 10,000 C~79.00 SF ~ 790,000
<br />(~41.00 / Skell ~ ~38.00 TI's)
<br />Day Care; 10,000 @~75.00 SF ~ 750,000
<br />Bus Mall; ~1,5~1,5~~
<br />Permits ~> jystem Devel. C~azges; ~ 148,000 = ~3,189,500
<br />Par~xing Area
<br />10 Par~xing Stalls; ~ 94,840
<br />Permits ~~ jystem Devel. C~arges; ~ 14,000 = ~ 108,840
<br />Second Floor
<br />O{~ice ~ Board Room;
<br />2~,000 SF @ ~79.00; ~1,975,000
<br />Permits ~~' ~vstem Devel. C~ar~es; ~ 38,300 = ~2,013,300
<br />~SUB T~TAL OF HARD COST =~5,311,640 ~
<br />Demolition ~~ Excavation:
<br />Tke developer will consider {inancing wit~ overall project, if needed.
<br />(Possible Ran~e o~ 48% to 57%) @ 57% ~1,398,210
<br />Contingency Account; Misc. ~a 5%
<br />Sub Total
<br />So~t Cost
<br />~ Arckitect Fee @ 6% o~ Hard Cost
<br />Appraisal ~or Lendez
<br />~ Construction Interest
<br />100% L/C @ 9.75% x 60% for 20 mos.
<br />Project Mana~er (2 to 3 years) ~a 5%
<br />~ Legal Fees
<br />Loan Fee ~a 3%
<br />~
<br />$ 318,698
<br />~ -0-
<br />~ -0-
<br />~ 352,267
<br />~ 50,000
<br />~ -0-
<br />Sub Total
<br />Rounded
<br />_ ~1,398,210
<br />- ~ 335,~92 ~•
<br />_ ~7, 045, 342
<br />_ ~ 720,A65
<br />_ ~7,T66,30Z
<br />_ ~7, 766, 000
<br />VARIABI~E SAVING: Have Transit consider paying t~ese {unds out t~rough draws
<br />~ vezsus having developer {inance t~e project. Saving to Transit o~ ~1,2,00,000.
<br />" Developer ~vould pez{orm pmject based on actual cost, tkus passins on ~33~,492 to
<br />1 ransit, venus usin~ a ~:ontin,~encv Fund.
<br />POSSIBLE TTZANSIT COST = ~7,430,815
<br />pa~(e 6/ Summarv o{ Cost
<br />DAN BERREY, P. C., BROKEB
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