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COURTHOUSE SQUARE
<br />Dixect Construction Cost and Cost Sharing Summary
<br />Com onent Total Cost Transit Cost Coun Cost
<br />Building Shell & Core $11.,262,900 $2,276,6281 $8,986,2722
<br />p~~ng 3,020,512 1,000,1563 2,020,356
<br />Parking Alternate # 1 930,300 61,6454 868,655
<br />Bus Mall 2,217,878 2,217,878 0
<br />Sub-Total $1'T,431,590 $5,556,307 $11,875,283
<br />Tenant Finishes:
<br />Ground Floor $659,307 $500,3215 $158,986
<br />Second Floor 481,994 0 481,994
<br />Third Floor 697,318 0 697,318
<br />Fourth Floor 642,601 0 642,601
<br />Fifth Floor 524,203 364,468 159,735
<br />Sub-Total $3,005,423 $864,789 $2,140,634
<br />Total Direct
<br />Construction Cost $20,437,013
<br />Streetscape 1,691,1506
<br />$6,421,096 $14,015,917
<br />O
<br />0
<br />Grand Total Direct
<br />Construction Cost $22,128,163
<br />The cost sharing percentage is therefore developed by dividing transit's
<br />. share of the Total Direct Construction Costs ($6,421,096) by the Total
<br />Direct Construction Costs ($20,437,013) which equals 31.42%. This
<br />~ percentage is ~.'rien applied to all invoices related to construction of the
<br />project, except the "special considerations."
<br />1 Transit share is based on 20.07% of total plus $27,003 for 50% of floor/ceiling cost
<br />between parlang garage and buiiding.
<br />2 County share is based on 79.93% of total plus $27,003 for SO% of floor/ceiling cost
<br />" between par~dng garage and building. -
<br />3 50% of cost ef common mall/ceiling cost between parldng garage and bus mall, plus
<br />~ the acquisition costs of ~FO finished parking spaces from the County. These costs have
<br />; been added to the mall cost in the F'I'A grant budget.
<br />4 50% of cost of common mall/ceiling cost between parking garage and bus mall on
<br />altemate # 1. This cost has been added to the mall cost in the FTA grant budget.
<br />5 Includes $62,445 for TIs for transit retail space on ground floor and SO% of TIs for
<br />conference center ($124,455).
<br />6 Streetscape fiilly funded b/ Citv of Salem Urban Renewal ~nds.
<br />Ch2 Cost Allocation
<br />09/29/98
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