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SECTION IV <br />ta <br />www.FinanceDTA.com <br />LAND IMPROVEMENT INDIRECT <br />COSTS <br />In accordance with California law, a Phase 1 Report, which is an investigation for hazardous <br />materials (qualitative testing), must be completed by a licensed professional, usually a <br />geotechnical engineer. We have also budgeted for a Phase 2 Report (quantitative testing), <br />with the expectation that Phase 1 will identify on -site hazardous materials issues. <br />There are no soil engineering costs estimated for the backbone infrastructure since we <br />allocated backbone costs to the IPP planning areas. <br />Table 17: Soil Engineering Costs <br />Apartment <br />$173,507 <br />$96,776 <br />$149,388 <br />$419,670 <br />Commercial <br />$33,411 <br />$0 <br />$0 <br />$33,411 <br />Hotel <br />$71,941 <br />$0 <br />$0 <br />$71,941 <br />Congregate <br />$12,521 <br />$0 <br />$0 <br />$12,521 <br />Amenity <br />$92,262 <br />$10,720 <br />$97,476 <br />$200,458 <br />Total Soils Engineering <br />1 $383,642 <br />1 $107,496 <br />$246,864 <br />$738,002 <br />C Environmental Consultants <br />We have assumed that a program -level Environmental Impact Report ("EIR") was required <br />to support the General Plan Amendment ("GPA") and a Project -level GPA would be required <br />to support the approval of the TTMs. The Project -level EIR includes the preparation of <br />third -party reports listed below. <br />Air Quality; <br />Cultural Resources; <br />Energy; <br />Geology and Soils; <br />Greenhouse Gas Emissions; <br />Hazards and Hazardous Wastes; <br />Hydrology and Water Quality; <br />Land Use and Planning; <br />Noise; <br />Noise; <br />Population and Housing; <br />Public Services; <br />Parks and Recreation <br />Transportation; <br />Tribal Cultural Resources; <br />Utilities and Service Systems; and <br />Mandatory Findings of Significance. <br />Table 18: Environmental Processing Costs <br />- - <br />- <br />Apartment <br />$2,494,800 <br />$836,850 <br />$605,850 <br />$3,937,500 <br />Commercial <br />$28,000 <br />$0 <br />$0 <br />$28,000 <br />Hotel <br />$125,000 <br />$0 <br />$0 <br />$125,000 <br />Congregate <br />$38,400 <br />$0 <br />$0 <br />$38,400 <br />Total Environmental Processing <br />$2,686,200 <br />$836,850 <br />1 $605,850 <br />1 $4,12.8,900 <br />Related Bristol at 3600 South Bristol Street <br />Land Residual Value Study Report <br />Exhibit 10 <br />September 27, 2023 <br />/ 18 <br />