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<br /> s Y o~ cosT
<br />~ RELATED TRANSIT CO5T
<br /> Fust Floor - .
<br />
<br />~ O{~ce Space; 10,000 @~79.00 SF ~ 790,000
<br /> (~41.00 / S~ell Fd ~38.00 TI's)
<br /> Day Care; 10,000 @~75.00 SF ~ 750,000
<br />~ Bus Mall; ,~1,501,500
<br /> Permits E> System Devel. C~arges; ~ 148,000 = ~3,189,500
<br /> Par~zing Area
<br />~ 10 Par~Zin~ Stalls; ~ 94,840
<br /> Permits ~> jystem Devel. C~arges; ~ 14,000 = ~ 108,840
<br />~ Second Floor
<br />O~ice ~ Board Room;
<br /> 25,000 SF @ ~79.00; ~1,975,000
<br />~ Permits ~ j tem Devel. Ckar es; ~ 38,300 = ~2,013,300
<br /> SUB TOTAL OF HARD CO5T ~5,311,640
<br />Demolition ~~ Excavation:
<br />~ Tlie developer will consider ~nancin~ wit~ averall project, i~ needec~.
<br />~ (Possible Ran~e o~ 48% to 57%) @ 57% ~1,398,210 = ~1,398,210
<br />Contingency Account; Misc. ~a 5% = 335~492 "
<br />S,~b To~l = ~?,045,342
<br />So~t Cost
<br />~ Arc~itect Fee @ 6% o~ Harcl Cost ~ 318,698
<br />Appraisal ~or Lender r~ -0-
<br />~ . Construction Interest
<br />100% LJC @ 9.75% x 60% for 20 mos. ~ -0-
<br />_ Project Manager (2 to 3 years) ~u 5% ~ 352,267
<br />Legal Fees ~ 50,000
<br />~ Loan Fee @ 3% ~ -0- _ ,~ 720,965
<br />Sub Total = ~7,766,30Z
<br />~ Rounded = ~Z,766,000
<br />VA.RIABI,F SAVING: Have Transit consider paying t~ese {unas out t~iroug~ draws
<br />~ versus having developer ~inance t~e project. Saving to Transit o~ ~1,2,00,000.
<br />'s Developer would per~orm project based on actual cost, thus passin~ on ~33~,492 to
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<br />~ ~
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<br />~I'ransit, versus usin~ a ContinQencv Fund.
<br />PO5SIBLE Z'R.ANSIT COST = ~7,430,815
<br />nade 6/ Summarv o~ Cost
<br />DAN BERREY, P.C., B80KE8
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