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TABLE 3 <br />ESTIMATED SITE ASSEMBLAGE COSTS <br />PROPOSED SAN LEANDRO AUTO CENTER <br />SAN LEANDRO, CALIFORNIA <br />CITY OF SAN LEANDRO REDEVELOPMENT AGENCY <br />PRIVATE ASSEMBLAGE <br />AGENCY ASSEMBLAGE —PURCHASE OF TWO SITES PURCHASE OF SITE TOTAL <br />Used Car Facility <br />Dealership #4 <br />Dealerships #1-3 <br />1066-1072 <br />1152 <br />1314 <br />Marina Blvd. <br />Marina Blvd. <br />Totals <br />Marina Blvd. <br />1. Site Acquisition/assemblage $450,000 (1) <br />$740,000 <br />(2) <br />$1,190,000 <br />$2,255,000 (3) <br />2. Predevelopment costs (4) (allocated) <br />(allocated) <br />40,000 <br />(4) <br />2. Environmental remediation 57,000 (5) <br />0 <br />(6) <br />57,000 <br />75,000 (7) <br />3. Demolition 10,000 (8) <br />0 <br />(9) <br />10,000 <br />80,000 (9a) <br />4. Related acquisition costs (allocated) <br />(allocated) <br />20,000 <br />(10) <br />n.a. <br />5. Equipment relocation 0 <br />5,000 <br />(11) <br />5,000 <br />0 <br />6. Project Management allocated <br />allocated <br />300,000 <br />(113_) <br />0 <br />Total Costs to Agency (12) <br />$1,622,000 <br />Less Predevelopment and Project Management Costs <br />(340,000) <br />Less Agency Credit <br />($800,000) <br />Net Auto Dealer Cost (Payment to Agency in 5 Years) <br />$500,000 <br />Present Value of Dealer Payment due <br />In 5 years (Net Revenue to Agency) 8% <br />$340,000 <br />Plus Demolition Costs @ 1072 Marina, Dealer's Private Land Purchase <br />30,000 <br />$2,410,000 <br />(14) <br />Total Site Assemblage Costs <br />$370,000 <br />$2,410,000 $2,780,000 <br />Total Land Area <br />57,370 <br />159,430 216,800 <br />Total Site Assemblage Costs/Sq.ft. of Land Area <br />$6.45 <br />$15.12 $12.82 <br />Prepared by: Keyser Marston Associates, Inc. <br />Filename: C:\EXCEL\SAN LEAN DRO\AUTOCENT.XLS, 4/1196, WCM. <br />