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Development Costs
<br />OPTION C .New Facilities: 2000 Needs
<br />Option C proposes the same basic concept as that of Option B, but
<br />utilizes the space needs to the year 2000. As noted this additional
<br />28,544 square feet would be constructed as "shell" or unimproved
<br />space, designed to accommodate future expansion with the least
<br />amount of disruption, and with savings generated by construction the
<br />primary structural system now.
<br />Phase IA: Renovations to Pocahontas Building
<br />Renovate the existing "store front" space facing 14th Avenue
<br />for utilization as a fifth courtroom. Note that these costs
<br />may be paid all or in part by the building owner, dependent
<br />upon length of lease and lease terms.
<br />1. Renovation of approximately 1,600 square feet of
<br />existing space @ $60.00/square foot $ 96,000
<br />2. Furnishings, including Judicial bench, tables,
<br />seating area (for future re -use in the proposed
<br />Judicial Center) @ $17.40/square foot 27,840
<br />3. Telephone/communications system 2,000
<br />4. Security alarm system 1,200
<br />5. Subtotal 127,040
<br />6. Contingency (@ 10% of Subtotal) 12,700
<br />7. TOTAL Estimated Development Costs $139,740
<br />Phase I: New Judicial Building
<br />1.1 Site Utility Development (estimate) $ 100,000
<br />1.2 Testing/Soils, Materials, Site Survey
<br />Installations 30,000
<br />1.3 Furnishings and Equipment 74,857
<br />@ $9.20/square foot -688,684
<br />1.4 Construction Costs @ $96.00/square foot
<br />(74,857 square feet) 7,186,272
<br />1.5 Construction costs of "shell" space @
<br />$60.18/square foot (28,544 sq. ft.) 1,717,779
<br />1.6 Telephone/Communication Systems 200,000
<br />1.7 Land Acquisition (Lots 10, 11, 12, 13, 14)
<br />31,250 square feet @ 6.50/square feet 203,125
<br />1.8 Demolition of existing residential units 32,400
<br />1.9 Site improvements, paving, storm water
<br />drainage, roadways, pedestrian walkways,
<br />etc. 320,000
<br />1.10 Landscape improvements 147,500
<br />1.11 Subtotal $10,625,760
<br />1.12 Contingency (@ 5% of Subtotal) 531,288
<br />1.13 Estimated Development Costs $11,157,046
<br />*1 Estimate based upon recent sales in the immediate area, source:
<br />Property Appraisers Office, May 1988
<br />*2 The existing residential units could potentially be sold "as is"
<br />and moved, deleting or reducing this cost.
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