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Cost Estimate
<br />The estimated costs associated with the Improvements, as determined by the Assessment Engineer, are
<br />set forth in the following table.
<br />TABLE 1
<br />City of Santa Ana
<br />Assessment District No. 2015 -01
<br />(Warner Industrial Community)
<br />Limited Obligation Improvement Bonds
<br />Cost Estimate
<br />RECAPITULATION
<br />I. TOTAL CONSTRUCTION COSTS $ 5,206,915 $ 5,206,915
<br />II. CITY OF SANTA ANA CONTRIBUTIONS $(3,033,415) $(3,033,415)
<br />III. FINANCING COSTS $ 859,915 $ 859,915
<br />TOTAL AMOUNT TO ASSESSMENT $ 3,033,415 $ 3,033,415
<br />Includes a construction cost contingency contribution amount of not to exceed $500,000 to pay for construction expenses
<br />resulting from unforeseen conditions not within the scope of work of the construction contract.
<br />Source: Psomas.
<br />17
<br />55B -87
<br />PRELIMINARY
<br />MODIFIED
<br />ITEM
<br />COSTS
<br />COSTS
<br />I. CONSTRUCTION COSTS
<br />Engineering and Construction Costs
<br />$ 4,706,915
<br />$ 4,706,915
<br />Construction Cost Contingency
<br />500,000
<br />500,000
<br />TOTAL CONSTRUCTION COSTS
<br />$ 5,206,915
<br />$ 5,206,915
<br />II. CONTRIBUTIONS
<br />City of Santa Ana Construction Cost Contribution
<br />$ 2,533,415
<br />$ 2,533,415
<br />City of Santa Ana Contingency Contribution(l)
<br />500,000
<br />500,000
<br />TOTAL CONTRIBUTIONS
<br />$ 3,033,415
<br />$ 3,033,415
<br />III. FINANCING COSTS
<br />Capitalized Interest
<br />$ 216,811
<br />$ 216,455
<br />Bond Discount
<br />60,800
<br />60,700
<br />Reserve Fund
<br />286,075
<br />285,750
<br />Bond Counsel
<br />50,000
<br />50,000
<br />Disclosure Counsel
<br />25,000
<br />25,000
<br />Other Legal Expenses
<br />15,000
<br />15,000
<br />Financial Advisor
<br />40,000
<br />40,000
<br />Official Statement Printing
<br />5,000
<br />5,000
<br />Land Market Value Appraisal
<br />20,000
<br />20,000
<br />Assessment Engineer
<br />50,000
<br />50,000
<br />Bond Registration, Paying /Transfer Agent
<br />5,000
<br />5,000
<br />Printing, Publication, Postage & Miscellaneous Costs
<br />15,000
<br />15,000
<br />District Administration
<br />30,000
<br />30,000
<br />Costs of Issuance Contingencies
<br />41,229
<br />42,010
<br />TOTAL FINANCING COSTS
<br />$ 859,915
<br />$ 859,915
<br />RECAPITULATION
<br />I. TOTAL CONSTRUCTION COSTS $ 5,206,915 $ 5,206,915
<br />II. CITY OF SANTA ANA CONTRIBUTIONS $(3,033,415) $(3,033,415)
<br />III. FINANCING COSTS $ 859,915 $ 859,915
<br />TOTAL AMOUNT TO ASSESSMENT $ 3,033,415 $ 3,033,415
<br />Includes a construction cost contingency contribution amount of not to exceed $500,000 to pay for construction expenses
<br />resulting from unforeseen conditions not within the scope of work of the construction contract.
<br />Source: Psomas.
<br />17
<br />55B -87
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