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26
<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 33: Street Improvement Budget
<br />Street Improvements Phase 1 Phase 2 Phase 3 Total
<br />Apartment $4,095,280 $1,452,455 $1,276,940 $6,824,675
<br />Commercial $170,850 $0 $0 $170,850
<br />Hotel $166,850 $0 $0 $166,850
<br />Congregate $213,250 $0 $0 $213,250
<br />Amenity $30,600 $7,650 $30,600 $68,850
<br />Backbone $0 $0 $0 $0
<br />Street Improvements $4,676,830 $1,460,105 $1,307,540 $7,444,475
<br />H Dry Utilities
<br />The dry utility allowance includes cost for electricity, gas, telephone, and internet. The
<br />estimate is based upon locating dry utilities in the proposed interior street to service all the
<br />buildings.
<br />Table 34 : Dry Utility Costs
<br />Dry Utilities Phase 1 Phase 2 Phase 3 Total
<br />Apartment $3,286,700 $1,102,525 $798,338 $5,187,563
<br />Commercial $140,000 $0 $0 $140,000
<br />Congregate $192,000 $0 $0 $192,000
<br />Dry Utilities $3,618,700 $1,102,525 $798,338 $5,519,563
<br />I Fencing and Walls
<br />The fencing and walls allowance includes interior walls surrounding each planning area.
<br />Included in this group is a $1.0 million allowance for street monumentation on South Bristol
<br />Street at the boundary between Cities of Santa Ana and Costa Mesa as referred to in
<br />Sections 3-4 of the Specific Plan.
<br />Table 35: Fencing and Wall Budget
<br />Fencing and Walls Phase 1 Phase 2 Phase 3 Total
<br />Apartment $240,900 $129,300 $208,200 $578,400
<br />Commercial $43,650 $0 $0 $43,650
<br />Hotel $35,850 $0 $0 $35,850
<br />Congregate $25,950 $0 $0 $25,950
<br />Amenity $137,100 $24,300 $148,350 $309,750
<br />Backbone $1,000,000 $0 $0 $1,000,000
<br />Fencing and Walls $1,483,450 $153,600 $356,550 $1,993,600
<br />J Landscaping
<br />The landscape category includes an allocation of landscaping adjacent to each building.
<br />We also include an estimate for Bristol Green, Bristol Plaza, Central Park, Greenlink South,
<br />and Greenlink North at $1,500,000 per acre. The estimate includes landscape maintenance
<br />for 6 months.
<br />Exhibit 10
<br />
<br />
<br />City Council 22 – 511 9/17/2024
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