Reso 2002-070 - Laserfiche WebLink

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f , ,. t, _ r i'1 Normal Public Construction Costs in the Applicant's Area Forprojects with new construction only (i.e., constructing a totally new library building or the expansion to an existing building) Construction Cost Index Approach: To justify the eligible projected construction cost estimate for new construction, applicants shall complete the following: 1) January 2002 current costs per square foot: A. For new facilities: $202 ISF B. For square footage added to an existing building, i.e. "expansions": $238 ISF Multiply the appropriate County LocalityAdjustmentFactor (26) 6y the appropriate new cost per square foot figure (2C) (See section 20436 (cJ (1) to obtain the "Locally Adjusted Construction Cost per Square Foot" figure (2DJ: County Locality 2) a County: > Alameda B. Adjustment Factor: > 1.15 Name of Project County x Appropriate = D. > $ 2321SF C. New CostISF: > $2021SF (Select: l A or 1 B) . .. -, ° .. _. ,. _ ~ .... „~ ..~„ a ~_. ~, ~ A.. -_ •~t, .* 3} A. Locally Adjusted Construction Cost Per Square Foot: > $ 232 I SF (Re-enter Line The "Locally Adjusted Construction Cost per Square Foot" (3A) figure may be increased by 1/5 percent per month for each month from January 1, 2002, through to the estimated mid-point of construction of the project. Multiply the number of months (4AJ times .002 (1/5%) to get an inflation factor (4B). Multlply the inflation factor (48) times the "Locally Adjusted Construction Costper Square Foot" figure (4C) to get an 'Additional Costper Square Foot" figure (4D): ) Number Inflation Locally Adjusted - Additional $ISF 4 A. of Months:> Z3 X .002 = B. Factor :> .046 X C. Construction $ISF: > $232 ISF - D. > $11 IsF (115%) (Re--enter 3A) ,-~. i ~ . ~ .. ,._ ~ ..~.. ~ °~ - _ ~ _. ~ , . _..., _ . , ~~ .~. ~ _ _. _ ,. _ ~„~ Add the resulting 'Additional Costper Square Foot" figure (5A) to the "Locally Adjusted Construction Costper Square Foot" figure (5B) to get the "Eligible Projected Construction Cost per Square Foot" figure (5C): Additional Locally Adjusted _ Eligible Projected 5) A. CostISF: > $11 ISF + B. Construction $ISF: > $ 232 ISF - C. Construction $ISF: > $ 243 ISF ppee (Re-enter4D) (Re-enter 4C) The total "Eligible Projected Construction Cost" for the project is calculated by multiplying the "Eligible Projected Construction Cost per Square Foot" figure (5C) by the total number of square feet of new construction: 6) The Eligible Projected Construction $ISF: Multiplied By 7) The Square Footage of New Construction: Equals 8) The Eligible Projected Construction Cost: > $ 243 ISF (Re-enter SC) > 9,500 SF > $ 2,310,000 If the projected construction cost estimated by the project architect is lower than the figure in Line 8, the applicant shall use the lower figure as the normal public construction cost in the applicant's area. A 10% project contingency amount is allowed and is calculated by multiplying the total Eligible Projected Construction Cost by 10%: 9) Eligible Contingency: (10% of Line 8) > $ 231,000 23