|
Demolition:
<br />Demoliflon & Clearing
<br />$800,000 @ 56% / 44%
<br />Envir. ConsultantFees: 100%
<br />Hazardous Material Abatement:
<br />(This eacpense is unknown)
<br />5ub Total
<br />Sott Cost:
<br />Architect Fee 6%
<br />Const. Interest * for 2 yrs
<br />Project Consultant Fees:
<br />Proj ect Mgm. 5%
<br />Legal Fees:
<br />Loan & Cost of Issuance
<br />Relocation
<br />Properry Acquisirion
<br />Appraisal Fee:
<br />Const. Interest 9%x 60% 1.5 yrs
<br />Leasing Fees: @ 7% 5 to 10 yrs
<br />Lease Up Reserves
<br />Investor Reserves @ S°~d2 3'rs
<br />Sub Total5oft Cost
<br />5ub Total of Project:
<br />Contingency Account @ 5%
<br />5ub Total of Project:
<br />Plus: Federal Matching Funds:
<br />5ub Total oF Project:
<br />Less Pmt. Fed Matct~/IYansit
<br />Less Pmt. Relocation
<br />$448,000
<br />$150,000
<br />$448,000
<br />$10,454,348
<br />$562,808
<br />$1,500,000
<br />$ll0,000
<br />$521,307
<br />$150,000
<br />$215,000
<br />$150,000
<br />$983,000
<br />$4,192,115
<br />$14,646,463
<br />$459,000
<br />$15,836,376
<br />$143,000
<br />$352,000
<br />$352,000
<br />$7,095,792 $6,875,540
<br />$425,748
<br />$1,000,000
<br />$110,000
<br />$354,790
<br />$139,000
<br />$500,000
<br />$450,000
<br />52,979,538
<br />$10,075,330
<br />$503,766
<br />$10,579,096
<br />$371,318
<br />$309,432
<br />$50,000
<br />$143,000
<br />$2,321,781
<br />$60,480
<br />~3,256,011
<br />510,131,551
<br />$507,432
<br />$10,638,983
<br />$2,233,585
<br />$459,000
<br />The estimated budget will change once working plans and bids are completed.
<br />Caurion: Review Federal Matching Funds, Transit is over the budget of 93 million.
<br />$1,237,500
<br />$74,250
<br />$123,750
<br />$75,000
<br />$67,500
<br />$10,000
<br />$125,000
<br />$140,000
<br />$150,000
<br />$112,000
<br />$877,500
<br />52,115,000
<br />5105.750
<br />*Caurion: More dme is needed to review the construction interest account for the project in comparison
<br />to the time line for the development. Marion County may use funds other than C.O.P.'s for the first 3 to
<br />6 months of the construction time line.
<br />Caurion: The TI's allowance is only $30.00 per / sf.
<br />Cauflon: The environmental clean up esflmates for sub-surface impacted soils and De-watering for the
<br />Chevron site aze not completed as of 3l19/97. EsNmates aze to be completed in one week. It will also be
<br />unknown until the site is excavated as to the actual wst of soil clean up.
<br />ctsum.wb3
<br />
|