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~ <br />~ <br />CONSTRUCTION COST <br />; ~ ANALYSIS OF PARKING STRUCT'LTRE <br />Parjxing Structure: Financed wit}- C.O.P.'s <br />;~ Esti.mated: 3J0 Stalls ~C'osfrc n¢eds to review arec~ p~ot out. ~.'~ulr enyin¢¢riny <br />issues wit~ bus ma~ spanning ov¢r par~xing area.~ <br />This will kave an e~~ect on Hard Cost. <br />~ Hard Cost: <br />350 Stalls (x) ~9,800 Witk Permits: ~3,430,000 <br />~ Contingency Account 5%: <br />Sub Total: ~3,601,500 <br />So~t Cost: <br />Arcbitect Fees: @ 6%: ~ 216,090 (Hard Cost) <br />~ Appraisal Fees: ~ 7,500 <br />Construction Interest <br />~ @ l.j% 100% / 24 mos. ~ 129,000 (Loan 100%) <br />Construction Insurance: ~ 5,000 <br />Project Coordinator: ~a 5% ~ 180,075 (Hard Cost) <br />~ Legal Fees: ~ 4j,000 (Esti.matec~/Un~mown) <br />Lease Up / Reserves: ~ _Q_ <br />Loan Fees: ~a 3% ~ 129,000 <br />~' Sub Total: ~ 711,665 <br />Contingency S% So{t Cost: ,~ 35,583 <br />~ Total Soft Cost: ~ 747,248 <br />Total Project Cost: ~4,348,7~8 <br />Total Project Cost (Rounc~ed): ~4,350,000 <br />~ Cogt P~/5~11: <br />4.3 mi~ (n 3j0 stalls: ~ 12,429 (7~e~s cost is wit~COUt t~e added cost for excavation <br />~ af f.~i¢ enfire city b~oc~. Fsfimat¢s wi~ n¢ecl to be o~itained ~ <br />Debt Cost Per/Stall: <br />~ o ~n ppm~ ai121n ; <br />Cost: ~4,300,000 <br />Eq~h-~ -o- <br />Balance: ~4,300,000 <br />~~l~ei ownc ~ar 'n~+; <br />Cost: ~4,300,000 <br />Eq,~ty: (30%) <br />Balance: ~3,010,000 (70%) <br />Annual Debt: <br />@ 6.5% / 25 y~s: ~348,407 <br />~ <br />~ <br />i <br />@ 9.25% / 25 yrs.: ~309,325 <br />Debt per/stall: ~995 annually ~$$3,79 ' <br />Retum on Capital Investment @ 10%: ~368.j7 =~1,252.36 <br />~v/o ~aintenance <br />page a i ~.onstruction l.ost <br />DAN BERREY, P. C., BROSEB <br />