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Page 2 of 3 <br />liconomic Impact of Proposed Development <br />Comstock expects the following short- and lung -term employment opportunities and the <br />resulting; economic impacts to bCiletll the City: <br />Over the span of a 9 month construction period, more than 250 laborers and <br />project management personncl <br />I'or the duration of a lung -term (S y ears to 10 years) lease. the currently proposed <br />building trill employ up to 20 people to serge in oftice and administrative <br />capacities, and 161 to SCIAC in industrial capacity, making a total long-term <br />employment nC 179 people. <br />('itv Imposed lees and Assessments <br />The City -s fees are equal to 11.7"_10iu of the total cost of construc(ion and fees. <br />Proposed Comstock Development <br />1717 Doolittle <br />New Buiidng Area (including office) 161,200 <br />s cgstl,Y <br />Construction Costs with 3% Contingency 6,753,000 41.89 <br />asq of_Total <br />Cost, <br />Proposed Development Fees & Assessments 896,667 5.56 1 11.72% <br />Total Project Cost 7,649,667 <br />Development Fees & Assessments Detail <br />Building Permit Fees <br />40,332 <br />4.50% <br />Community Planning Fee <br />25,726 <br />2.87% <br />Fire Review & Inspection <br />26,216 <br />2.92% <br />School District Fee <br />87,048 <br />9.71% <br />DF51 Intersection Fee Marina <br />329,487 <br />36.75% <br />DFSI intersection Fee Davis <br />0.00% <br />Underground Utility Fee <br />256,029 <br />28.55% <br />Other Pees & Processing <br />131,839 <br />14.70% <br />Total <br />896,677 <br />100,00% <br />Of the Ices proposed, the most costly are the Street Iinprnvement or -DFS I. • and the <br />-I VE which are 36.75"io and 218.iig-o of the tees, respectively. <br />Comstock (tuatty Partnul s <br />1801 fruwry Park Hast Suite 1095 • Los Arngetai, (:A 90067 • Unrtcd states <br />'fel (310) 44.1 5550-- , omsaukreaIe+parlov, s.iom <br />