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11-13-98 16:55 FRO~-STOEL RIVES T-983 P.02/04 F-T68 <br />STC}EL RIVES <br />,~ ~re. sw~ <br />Potm.-.D, OREOON 87203 <br />EoM. D. f~~oNSw. P.m.+ek <br />D~Recr L,~e, ~503j 29a•9335 <br />F~uc t503~ 32~24d0 <br />emor~d <br />TO: B11.1.Y W~~5U1~, 1Z~rDY CURTii, Mll:£ lia!v~EN, SCOT'f CLkMFNTS, KEN I[.T'!., N~NCY <br />Wa7~IJ1~~, CK~1G LEWIS <br />FRUM: EUw. D. EiNOWSI:t <br />R~: YRFI_IMINaRY GOOllBwD COSTS CaLCIiLw'1'10!v <br />DaTE: NOvEnt~f.R 13, 1998 <br />Based on [he informa[ion Craig lewis provided regarding the casis of the parkin~ spaces <br />and other project riements, i have run a pr~liminary "good costlbad costs" analysis for <br />Cour[house Syuare. The results ar~ attached hereto. <br />As you will sre upon review, this preliminary run {which will nc~d to bc~ refined as <br />various elemencs get r~fined between now and closin~) shows "good co~ts" or $21,136,569.58 <br />and "bad co~ts" of $2,49U,69?.?8. In addition, pleasr nvtr ihai these figures do nor include rhe <br />~inancing cosr~• wyiich wil! need to be allocared pro ratu und t~ence will resulr in gaod cosrs~bad <br />c•osrs rhar are high~r rhan rjie foregoing ~igures. <br />B~ed on information pro~idrd ai a meetin~ in Octobzr a[ Mzlvin Mar~s, the total cash <br />equiry thr Counry will be puning int~ the Project amounu to $2,~92,683. If this figure is correct, <br />and if the numbers shown above in thC good/bad cost calculatian ~tay at zh~ approximate lzvel~ <br />indicated, the cash equiry may not fully cov~r the "bad costs" and we will need to consid~r ways <br />of dealin~ with th~ ~ap. 1 havzn't ~en an updated sources an~3 uses tabl~ which could potentially <br />ca~~t a diftereni light on this subject. <br />In addition, f wonder whether all 4U "private tenant" spac~s will ac~ually be re~Crved for <br />use by the private trnanis ot' [hz County. ! ask this question because ~0 parking ~paces seems <br />samethin~ of an ovzrkill for only 9,96~ square feet of private officz space. So I wonder if a <br />ponion of the ~0 spaces aze actually ~oing to bz uszd ior general public parl:ing (in which event <br />~ ihzy couid count c~Wards the "good costs"), and only a ponion of thn~ ~0 spaces aze actually <br />Memoraadum Page 1 <br />