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22 <br /> SECTION IV <br />LAND IMPROVEMENT INDIRECT <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 />Table 24: Mitigation Costs <br />Mitigation Costs Phase 1 Phase 2 Phase 3 Total <br />Commercial $453,300 $214,606 $332,094 $1,000,000 <br />Total Mitiga tion Costs $453,300 $214,606 $332,094 $1,000,000 <br />I Lot Improvement Indirect Contingency <br />We have provided a contingency for land development soft costs. All categories have a 10% <br />contingency, except for DIFs, which have a 3% contingency. <br />Table 25: Lot Improvement Indirect Contingency by Product and Phase <br />Lot Improvement Indirect Contingency Phase 1 Phase 2 Phase 3 Total <br />Apartment $3,085,222 $1,053,852 $849,003 $4,988,077 <br />Commercial $201,286 $87,180 $134,907 $423,373 <br />Hotel $85,556 $0 $0 $85,556 <br />Congregate $11,503 $0 $0 $11,503 <br />Amenity $72,285 $4,129 $197,676 $274,090 <br />Backbone $49,201 $0 $0 $49,201 <br />Total Lot Improvement Indirect Contingency $3,505,053 $1,145,160 $1,181,586 $5,831,800 <br /> <br />Exhibit 10 <br />  <br />  <br />City Council 22 – 507 9/17/2024