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~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~i <br />~ <br />SU1~~I~IARY OF PROPOSAL <br />The reader needs to unaerstand t~at no ~nal plan by t~e Arckitect ~as been completed. <br />Unti~ suck time as a set o~ plans are completed and bids are obtained t~e ~ouowin~ <br />in~ormation ~as only been pravided to give Marion County and Salem Mass Transit a <br />basic vnderstanding as to the possible ~easibi~ity and potential terms o~ tke development. <br />Bui~ding Design; <br />T~e ~rst step once the County kas appzoved ~t~ bud$et is to prepare a <br />design witk tenant impravements to aid t~e Project Coordinator in the bid process. <br />'T~e attac~ied report is assuming a building cost o~ ~80.00 to ~90.00 per SF <br />(Hard Cost Only). <br />Design; <br />13, 000 ns~ <br />61,000 ns~ <br />4~, 000 ns~ <br />L'n~xnown ns~ <br />400+/- <br />Fi~t Floor Retai~/O{~ce. <br />Second F~ Third Floor O~{ice ~or Marion County. <br />(71,700 to 76,200 GSF / 85:1 or 80:1 Ratio.) <br />First Fd Second Floor Day Care/TransitJBoard Rm. <br />Fo~.utk Floor Private Mar~xet Space. <br />Par~ing Stalls (1.5 level par~xin~ structure.) <br />(Desi~n not completed by Ar~~iitect 7/22/96.) <br />Cost o~ Construction; <br />~ Transit Facility: <br />County's Portion: <br />Private Portion: <br />~ Total Cost: <br />$ 7,431,000 <br />~12,685,000 / ~14,080,000 <br />~ 1,~,~Q <br />~21,85~,000 / $23,250,000 Hard, So~t Coet f1 <br />Par~xin~ Structure <br />Land Value E~ Lease; <br />It is estimated that t~ie land ~as a value o~ ~ 17.00 per ~ F. <br />T~is equals a total value o~ ~1,964,894. <br />Assumptions: Est. % Occupancy % o~ Designated Value <br />County GSF: 76,200 (42.5%) ~ 83~,080 <br />Transit O$ices: 45,000 (25.0%) ~ -~91,224 <br />Bus Mall: -~5,2~0 (25.2j% ~ ~96,135 <br />Retai~: 13,000 ( 7. . %1 ~ 1~2.~5~ <br />Total: 179,200 (100%) ~1,96~,894 <br />pa~e 11 / Summarv of P~~~l <br />DAN BERREY, P.C., BROSEB <br />