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SECTION V
<br />LAND IMPROVEMENT DIRECT
<br />t(I COSTS
<br />www.FinanceDTA.com
<br />Table 39: Parking Budget
<br />..
<br />Above -Grade
<br />107
<br />33
<br />65
<br />205
<br />Surface
<br />311
<br />161
<br />309
<br />781
<br />Below -Grade
<br />1,370
<br />470
<br />1,070
<br />2,910
<br />Total Parking Spaces
<br />1,788
<br />664
<br />1,444
<br />3,896
<br />Table 40: Parking Space Budget
<br />..
<br />Apartment $48,169,000
<br />$18,084,000
<br />$40,636,000
<br />$106,889,000
<br />Hotel $4,235,000
<br />$0
<br />$0
<br />$4,235,000
<br />Parking Spaces $52,404,000
<br />$18,084,000
<br />$40,636,000
<br />$111,124,000
<br />N Repairs for Bond Releases
<br />Repairs for bond releases are costs that a developer incurs to exonerate subdivision
<br />completion bonds. These costs are generally incurred after the completion of
<br />improvements to support the release of subdivision bonds.
<br />Table 41: Costs of Repairs for Bond Releases
<br />Apartment
<br />$735,490
<br />$271,464
<br />$481,446
<br />$1,488,400
<br />Commercial
<br />$2,607
<br />$0
<br />$0
<br />$2,607
<br />Hotel
<br />$44,659
<br />$0
<br />$0
<br />$44,659
<br />Congregate
<br />$1,925
<br />$0
<br />$0
<br />$1,925
<br />Amenity
<br />$30,270
<br />$1,230
<br />$115,098
<br />$146,597
<br />Backbone
<br />$29,950
<br />$0
<br />$0
<br />$29,950
<br />Repairs For Bond Release
<br />$844,900
<br />$272,694
<br />$596,543
<br />$1,714,138
<br />O Reimbursements
<br />In general, the dry utility purveyors provide reimbursement to a developer for installing
<br />utility facilities that are "sold" to the utility when the user commences service. The
<br />reimbursements usually occur during the life cycle of a project and are reimbursed when
<br />the affected utility is brought online.
<br />Table 42: Dry Utility Reimbursements
<br />Apartment ($986,010) ($330,758)
<br />($239,501)
<br />($1,556,269)
<br />Reimbursements ($986,010) ($330,758)
<br />($239,501)
<br />($1,556,269)
<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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