HomeMy WebLinkAbout1988 05-11 EBFAAGENDA
Earle Brown Farm Committee
May 11, 1988
Council Chambers
1.
Call to Order: 7:30 a.m.
2.
Roll Call
3.
Approval of Minutes
a. October 21, 1987
b. November 25, 1987
4.
Design Review
5.
Senior Program
6.
Other Business
7.
Adjournment
HESKIN RESOURCE GROUP, INC.
PROJECTED COSTS - FROM SCHEMATIC DRAWINGS 11
WINSOR/FARICY ARCHITECT
EARLE BROWN FARM
Building Construction Costs
Site General
$ 568,215
Bed b Breakfast
9650737
Barn "D" Storage
283,913
Barn "G"
294,937
D 8 G Link
42,486
Blacksmith Shop
233,852
Barn "H"
242,198
Shop b H Link
45,234
Stable Restaurant
829,927
Hippodrome
204800761
Bunk House
28,826
Pump House
22.438
Site Improvements
Sewer and Water (In Building Costs)
Landscaping
Signage Allowance
Streets/Parking/Grading Walkways (In Building Costs)
Site Lighting (In Building Costs)
Parking Ramp
Office Tenant Improvements Allowance
(17,050 s.f. @ $25)
Furniture and Equipment
Kitchen Equipment
Bed 8 Breakfast 30,000
Hippodrome 310,000
Stable Restaurant 98.000
438,000
Bed $ Breakfast Furniture (est) 400,000
Convention Center N.I.C.
Audio (Built in) 40,000
Audio Visual Equipment hj.C.
June 8, 1988
6,038,524
105,910
40,000
6,184,434
N. I.C.
426,250
518,000
PROJECTED COSTS - FROM SCHEMATIC DRAWINGS #1 cont.
June 8, 1988
Fees and Other Costs
Accousticai Consultant 5,000
Architects and Engineers - Winsor/Faricy 292,000
Landscape/Civil Engineer - Westwood
35,000
Construction Management - Heskin
365,000
Construction Supervisor - McGough
1460-250
Soil Testing
12,000
Survey
12,000
Kitchen Consultant - Robert Rippee
20,000
Interior Design
40,000
Permits, SAC, WAC
By Owner
Historic Registration Costs
N.I.C.
Insurance
350000
Real Estate Taxes
By Owner
Contingency
Total Projected Costs
Parking Ramp
Alternate 11 (Single Level)
Alternate #2 (Two Level)
2
962,250
250.000
$8,340,934
$1,575,000
12,371,500
TOTAL DEVELOPMENT
1
1
1
1
1
6/8/88 Estimate
Development Cost
Trust Fund (Minimum)
Pre Opening
Furniture, Fixtures, and Equipment
Total Development Cost
Financing Needs
Total Development Cost
Less Trust Fund (Minimum)
Less Available Revenue
$8,340,934
750,000
350,000
400.000
*$9,840,934
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1
1
1
1
1
1
1
1
1
$9,840,934
750.000
$9,090,934
3.896.991
$5,193,943
*Does not include parking ramp, permits, taxes, or SAC charges
Scaled Down Development
1
1
1
1
1
1
1
1
1
6/22/88 Estimate
Development Cost
Trust Fund
Pre Opening
Furniture, Fixtures, and Equipment
Total Development Cost
Financing Needs
Total Development Cost
Less Trust Fund
Less Available Revenue
$6,933,850
750,000
350,000
425.000
*$8,458,850
$8,458,850
750.000
$7,708,850
3.896.991
**$3,811,859
*Does not include parking ramp, permits, taxes, or SAC charges
**Does not include funds for completion of office space, restaurant kitchen, or
' tenant improvements
1
EDA FUNDS
Fund Balance
$211121616
CDBG (Block Grant)
*200,000
Contract for Deed Interest
48,375
1988 Excess Tax Increment
456,000
1989 Excess Tax Increment
*930,000
Investment Interest
150.000
$3,896,991
'
Contract for Deed (6/90)
327.000
$4,223,991
'
*Would require an amendment to our current CDBG program but is eligible
**Would be used for Trust Fund
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1
1
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