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25
<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 />Table 30: Sanitary Sewer Estimate
<br />Sanitary Sewer System Phase 1 Phase 2 Phase 3 Total
<br />Apartment $2,306,550 $784,470 $598,790 $3,689,810
<br />Commercial $10,875 $0 $0 $10,875
<br />Hotel $10,875 $0 $0 $10,875
<br />Congregate $10,875 $0 $0 $10,875
<br />Amenity $43,500 $10,875 $43,500 $97,875
<br />Backbone $500,000 $0 $0 $500,000
<br />Total Sanitary Sewer System $2,882,675 $795,345 $642,290 $4,320,310
<br />F Potable and Reclaimed Water
<br />As with sanitary sewer systems, DTA estimated the costs of removing and replacing all the
<br />in-tract potable water lines since we determined the Project will be moving all the
<br />easements where the sewer lines are currently located. We budgeted traffic control during
<br />construction. We also estimated that the City would require the Developer to install
<br />non-potable water lines throughout the Project site in accordance with current City
<br />requirements.
<br />Table 31: Potable Water Costs
<br />Potable Water Phase 1 Phase 2 Phase 3 Total
<br />Apartment $2,412,300 $837,345 $559,290 $3,808,935
<br />Commercial $28,500 $0 $0 $28,500
<br />Hotel $28,500 $0 $0 $28,500
<br />Congregate $28,500 $0 $0 $28,500
<br />Amenity $114,000 $28,500 $114,000 $256,500
<br />Backbone $312,500 $0 $0 $312,500
<br />Total Potable Water $2,924,300 $865,845 $673,290 $4,463,435
<br />
<br />Table 32: Non -Potable Water Costs
<br />Non-Potable Water Phase 1 Phase 2 Phase 3 Total
<br />Apartment $1,130,100 $379,095 $274,503 $1,783,698
<br />Total Non-Potable Water $1,130,100 $379,095 $274,503 $1,783,698
<br />G Street Improvements
<br />The estimate for street improvements includes asphalt, concrete, and streetlights. Since the
<br />Specific Plan is not specific on the street profiles, DTA reviewed City standard plans and
<br />made estimates for the street widths. We estimate an average streetlight with a cost of
<br />$6,000 per fixture, totaling about $1.0 million upon the build-out of the Project.
<br />
<br />Exhibit 10
<br />
<br />
<br />City Council 22 – 510 9/17/2024
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