|
SECTION V
<br />LAND IMPROVEMENT DIRECT
<br />t(I COSTS
<br />www.FinanceDTA.com
<br />Table 33: Street Improvement Budget
<br />Apartment
<br />$4,095,280
<br />$1,452,455
<br />$1,276,940
<br />$6,824,675
<br />Commercial
<br />$170,850
<br />$0
<br />$0
<br />$170,850
<br />Hotel
<br />$166,850
<br />$0
<br />$0
<br />$166,850
<br />Congregate
<br />$213,250
<br />$0
<br />$0
<br />$213,250
<br />Amenity
<br />$30,600
<br />$7,650
<br />$30,600
<br />$68,850
<br />Backbone
<br />$0
<br />$0
<br />$0
<br />$0
<br />Street Improvements
<br />$4,676,830
<br />$1,460,105
<br />$1,307,540
<br />$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 />Apartment
<br />$3,286,700
<br />$1,102,525
<br />$798,338
<br />$5,187,563
<br />Commercial
<br />$140,000
<br />$0
<br />$0
<br />$140,000
<br />Congregate
<br />$192,000
<br />$0
<br />$0
<br />$192,000
<br />Dry Utilities
<br />1 $3,618,700
<br />$1,102,525
<br />$798,338
<br />$5,519,563
<br />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 />irr Fencing and Walls
<br />Phase folpr
<br />Phase 2
<br />Phase 3
<br />Total r
<br />Apartment
<br />$240,900
<br />$129,300
<br />$208,200
<br />$578,400
<br />Commercial
<br />$43,650
<br />$0
<br />$0
<br />$43,650
<br />Hotel
<br />$35,850
<br />$0
<br />$0
<br />$35,850
<br />Congregate
<br />$25,950
<br />$0
<br />$0
<br />$25,950
<br />Amenity
<br />$137,100
<br />$24,300
<br />$148,350
<br />$309,750
<br />Backbone
<br />$1,000,000
<br />$0
<br />$0
<br />$1,000,000
<br />Fencing and Walls
<br />$1,483,450
<br />1 $153,600
<br />$356,550
<br />1 $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 />Related Bristol at 3600 South Bristol Street
<br />Land Residual Value Study Report
<br />Exhibit 10
<br />September 27, 2023
<br />/ 26
<br />
|