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SECTION V
<br />LAND IMPROVEMENT DIRECT
<br />t(I COSTS
<br />www.FinanceDTA.com
<br />Table 36: Landscaping Estimate
<br />M.M.
<br />II
<br />Apartment
<br />$353,470
<br />$199,305
<br />$307,175
<br />$859,950
<br />Commercial
<br />$31,050
<br />$0
<br />$0
<br />$31,050
<br />Hotel
<br />$21,225
<br />$0
<br />$0
<br />$21,225
<br />Congregate
<br />$10,875
<br />$0
<br />$0
<br />$10,875
<br />Amenity
<br />$2,572,500
<br />$9,325
<br />$5,355,275
<br />$7,937,100
<br />Landscaping
<br />$2,989,120
<br />$208,630
<br />$5,662,450
<br />1 $8,860,2 00
<br />K Common Costs
<br />The common cost category includes an allowance for the multifamily units at $500 per unit
<br />and an allowance for a community center to be built adjacent to the Bristol Central Park for
<br />a total of $5,400,000.
<br />.. 1
<br />Common Costs Phase Phase Phase 3 Total
<br />Apartment
<br />$1,188,000
<br />$398,500
<br />$288,500
<br />$1,875,000
<br />Amenity
<br />$0
<br />$0
<br />$5,400,000
<br />$5,400,000
<br />Common Costs 1 $1,188,000 $398,500 1 $5,688,500 1 $7,275,000
<br />L Project Amenities
<br />The Project amenities include the construction of a police station to be located on -site.
<br />Table 38: Project Amenity Allowance
<br />Police Station
<br />$3,000,000 $0
<br />$0
<br />$3,000,000
<br />Project Amenities
<br />$3,000,000 $0
<br />$0
<br />$3,000,000
<br />M Parking
<br />In the parking space category, we include above -grade, surface, and below -grade spaces.
<br />DTA was not able to discern the specifications for the parking facilities, so we estimated the
<br />costs based upon typical costs but reduced the unit costs since there would be an economy
<br />of scale for the larger facilities. Typical parking spaces have column spacing at 24 feet for
<br />parking under high-rise buildings and 60 feet of spacing for low-rise and spaces without
<br />buildings located overhead. The above -grade spaces are priced at $30,000 per space,
<br />surface spaces at $4,000 per space, and below -grade spaces at $35,000 per space. Below is
<br />the distribution of the individual spaces. Parking spaces will be shared among the various
<br />product types based upon the time of day the spaces are required.
<br />Related Bristol at 3600 South Bristol Street
<br />Land Residual Value Study Report
<br />Exhibit 10
<br />September 27, 2023
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