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Shasta Street
<br />Detailed Budget
<br />DEVELOPMENT BUDGET
<br />Item Per Unit
<br />ACQUISITION
<br />Total Land Cost or Value 10,000,000 100,000
<br />Legal / Broker Fees 25,000 250
<br />Title 10,000
<br />Broker 0.00%0
<br />Legal 15,000
<br />Off-Site Improvements $5,200 530,400 5,304
<br />Demolition & Abatement 269,760 2,698
<br />LBP/Asbestos Abatement (NC)$5.00 89,920
<br />Demolition (NC)$10.00 179,840
<br />Existing Improvements Value 0 0
<br />Subtotal Acquisition 10,825,160 108,252
<br />NEW CONSTRUCTION
<br />[Blank]$0 0 0
<br />Site Work $40 1,420,920 14,209
<br />Structures 37,384,690 373,847
<br />Residential $360 32,870,578
<br />Non-residential (incl Parking)$225 0
<br />Residential Parking 12.00%3,738,000
<br />Estimating Contingency & Cost Escalation 2.00%776,112
<br />General Requirements 8.00%3,168,462 31,685
<br />Contractor Overhead / Profit 4.00%1,584,231 15,842
<br />Other Mark-Up if Applicable 0.00%- 0
<br />Bond Premium 1.00%396,058 3,961
<br />GC Liability Insurance 1.20%475,269 4,753
<br />Security 0.00%- 0
<br />GC Contingency 0.00%- 0
<br />Subtotal Construction 45,229,789 452,298
<br />LEED/Sustainable Design Construction 0.0%0 0
<br />Subtotal Construction & LEED 45,229,789 452,298
<br />CONSTRUCTION CONTINGENCY 20.0% NC 15.00% Rehab 9,045,958 90,460
<br />LEED/Sustainable Soft Costs
<br />LEED Provider Fees 0 25,000
<br />LEED HERS rater 0 20,000
<br />LEED - Misc 0 15,000
<br />Subtotal LEED Soft Costs 60,000 600
<br />ARCHITECTURE - Residential
<br />Design 1,523,000 15,230
<br />Feasibility analysis -
<br />Design 5.0%1,523,000
<br />Reimbursables & Additional Services 10.0%152,300 1,523
<br />Other: CASp 20,000 200
<br />Total Project Cost
<br />920 Shasta_100units_4+_AHSC+IIG_2024 06 24ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) – EXHIBIT B
<br />REV: 04-22-25 VR
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