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• <br /> TABLE 1 1 BUILDINGS A, 8, AND C <br /> ESTIMATED DEVELOPMENT COSTS <br /> CREEKSIDE PLAZA BUSINESS PARK <br /> CORPORATION YARD SITE <br /> REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> SF $ /PSF TOTAL <br /> DIRECT COSTS <br /> Sitework (including ALLOWANCE 52,000,000 <br /> Plaza) <br /> Building Shell 203,000 560.00 512,180,000 <br /> Tenant Improvement <br /> Office 194,000 530.00 $5,820,000 <br /> Restaurant 2,700 $61.31 5166,000 <br /> • <br /> Parking Deck (116 spaces) 39,000 528.21 $1,100,000 <br /> TOTAL DIRECT COSTS 5105 $21,266,000 <br /> INDIRECT COSTS % Directs <br /> Architectural & Engineering 53.89 3. 7% $790,000 <br /> Design Development, Pre - Entitlement $0.25 0.2% $50,000 <br /> City Fees & Permits (Utilities & PG &E) $6.72 6.4% $1,364,000 <br /> Insurance, Taxes $0.62 0.6% $126,000 <br /> Title, Legal, Accounting 50.59 0.6% $120,000 <br /> Leasing Commissions 196,700 $6.92 6.4% $1,361,000 <br /> Developer's Overhead & Fee 16 Months $30,000 2.3% 5480,000 <br /> TOTAL INDIRECT COSTS 521 20.2% 54,291,000 <br /> FINANCING <br /> Construction Period Interest $1,734,000 <br /> Loan Amount $27,740,000 @ 50.0% <br /> Interest Rate 10.0% <br /> Construction Period 15 Months <br /> Points 2.0% $554.800 <br /> TOTAL FINANCING COSTS 511 $2,288,800 <br /> TOTAL DEVELOPMENT COSTS 5137 I 527,845.800 <br /> Source: Creekside Associates, 5/02/00 Pro Forma <br /> Prepared by Keyser Marston Associates, Inc. <br /> 19096.0261061900 Creekside Plaza B.P1.xls Revised Costs; 7/7/2000 3:17 PM me and wcm. <br /> 291 <br />