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29 <br /> SECTION V <br />LAND IMPROVEMENT DIRECT <br />COSTS <br /> <br /> <br /> <br />Related Bristol at 3600 South Bristol Street September 27, 2023 <br />Land Residual Value Study Report <br /> <br />www.FinanceDTA.com <br />P Lot Improvement Direct Contingency <br />DTA also estimated the lot improvement direct cost contingency at 15% of the total direct <br />costs. We chose 15% since we lacked construction details when preparing the budget. This <br />estimate is similar to other projects that do not have a completed engineering design. <br />Table 43: Lot Improvement Direct Cost Contingency <br />Lot Improvement Direct Contingency Phase 1 Phase 2 Phase 3 Total <br />Apartment $10,123,063 $3,799,514 $7,104,570 $21,027,146 <br />Commercial $125,322 $0 $0 $125,322 <br />Hotel $723,170 $0 $0 $723,170 <br />Congregate $95,055 $0 $0 $95,055 <br />Amenity $612,806 $32,007 $1,914,303 $2,559,116 <br />Backbone $1,006,868 $0 $0 $1,006,868 <br />Lot Improvement Direct Contingency $12,686,283 $3,831,521 $9,018,873 $25,536,677 <br /> <br />Exhibit 10 <br />  <br />  <br />City Council 22 – 514 9/17/2024