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11/07/97 09:24 ~$503 588 5495 HUMAN RESOURCES I~ 014/024 <br />12/06/97 TAti 17:08 FA~ 503 223 ~606 MEL~IN MARF COMPANIES f~ oi~ <br />ASSUMPTIONS 11/6/97 ARGUS Financial Model (12:O1P1V~ <br />Five Story-192 subsurface stalls-All eYernpt ten9ntu <br />Assumes Marion Conmy, or alher exompt tenant, occupies I I 1,92~ sf. ~ addihon112:633 s.f is asscssed <br />for %2 irnerest in rhe f~rst floor confcrence room. AsstIInes a 0%r-acancq tate, <br />-Assua+cs Salem Ares Tlansit's share of the project is S 9,844,000, <br />-T~-e models reflcct zEnts at $1.21 / Tmo, Fer ren~able sf (514.52 ~uialip). <br />-Eapenses are aasumed co be $_284/ mo, Per rentable sf (S 3.41 acmually}. Tft~ Counry rcimburses <br />expen~es escalated aver base year ekpenses. <br />-~'he model assumes 1,92 sttalls subsurFacc ~d 59 abo~re grade pazicing stalis_ <br />-The model. assumes Cuunry controls 211 sh1Ls and getterates S~O/ ~o. per stalt on aIi spacos <br />cscalating 4% anntlally. <br />-Ass~unes a 5.79% igterest iate an a stsndard 2~-year amorpzation schedule, <br />-~'he model assumes there is no privale sector non~cempc tenant <br />-Assnmes thc Co~mty pays ~p~ escalauon over base year_ <br />Ass~imes Salem Arca Transit conuols 24, I93 sf of officc, An additionat 2,633 sf is assesscd for ys intercgt <br />in rhe first floar wnferencc room, <br />-Assumes Ti~nsit pays S 9,84~,U00 cash for their ireter~st and pays uo r~tt. <br />-Expeuses arc assamed to be $.284 / mo. Per rentablc sf (S 3.42 annualip). Transh z~imburses thEix <br />prorata shaze of thesc capenses. <br />-The model assetmes Lhat bransit cantirols 40 substirface parldng sta1L5, <br />