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24
<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 />C Erosion and Dust Control
<br />We estimated that erosion and dust control would cost about $90,000 per acre.
<br />Table 28: Erosion and Dust Control Costs
<br />Erosion and Dust Control Phase 1 Phase 2 Phase 3 Total
<br />Apartment $926,100 $521,100 $806,400 $2,253,600
<br />Commercial $174,600 $0 $0 $174,600
<br />Hotel $117,900 $0 $0 $117,900
<br />Congregate $62,100 $0 $0 $62,100
<br />Amenity $495,900 $54,000 $538,200 $1,088,100
<br />Total Erosion and Dust Control $1,776,600 $575,100 $1,344,600 $3,696,300
<br />D Storm Drain Systems
<br />The estimate for storm drain improvements includes replacing most of the existing storm drain
<br />since the current locations are not in accordance with the proposed Project. DTA also added
<br />costs for 54-inch, 60-inch, and 78-inch Reinforced Concrete Pipe (“RCP”) as described in the
<br />Specific Plan. Finally, we added a Local Impact Development (“LID”) allowance in accordance
<br />with City requirements and traffic control while the improvements are installed.
<br />Table 29 : Storm Drain Estimate
<br />Storm Drain System Phase 1 Phase 2 Phase 3 Total
<br />Apartment $2,421,980 $819,815 $614,818 $3,856,613
<br />Commercial $7,500 $0 $0 $7,500
<br />Hotel $7,500 $0 $0 $7,500
<br />Congregate $7,500 $0 $0 $7,500
<br />Amenity $30,000 $7,500 $30,000 $67,500
<br />Backbone $1,870,000 $0 $0 $1,870,000
<br />Total Storm Drain System $4,344,480 $827,315 $644,818 $5,816,613
<br />E Sanitary Sewer Systems
<br />The estimate for sanitary system improvements is based upon removing and replacing all the
<br />in-tract sewer lines since DTA determined that the Project will be relocating all the easements
<br />where the sewer lines are currently located. The Specific Plan states that a new 78-inch vitrified
<br />clay pipe would be required to connect to existing infrastructure. We also budgeted traffic
<br />control during construction.
<br />Exhibit 10
<br />
<br />
<br />City Council 22 – 509 9/17/2024
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