Reso 1996-061 to 065 - Laserfiche WebLink

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Notes: (1) Agency purchase price set in bankrupcy acquisition. (2) Agency's current offer to purchase. Land Area 30,720 26,650 Value/sq.ft. $14.65 $27.77 Preliminary Estimate of $450,000 $740,000 Acquisition Costs (3) Dealer to purchase this property by March 31, 1996. (4) Agency is incurring costs for the Environmental Site Assessment Phase 1 Audits for 1152 Marina Blvd. as well as a Lead Paint and Asbestos Survey for 1066-1072 and 1152 Marina Blvd. Total costs of $8,569 are not included in this analysis. The Agency will also incur $31,310 in costs that will not be passed on for environmental review, noise analysis and a traffic study. In total, predevelopment costs of $39, 879 ($40,000 rounded) will not be passed on to the Auto Dealer. (5) Based on bid received 3/14/96. (6) No additional Clean-up costs. (7) Purchasing property "as is'; buyer budgeting $75,000 for cleanup. (8) No demolition cost to Agency —dealer will pay directly; $10,000 cost for removal of asbestos -containing material and lead -based paint prior to demo. (9) No demolition costs —dealer will remodel. (9a) Estimated demolition costs of $40,000 - $120,000 to be determined; $80,000 used for this analysis. (10) Total Closing costs to Agency. (11) Relocation of printing company on this site to be paid by Agency. (12) Total cost to Agency, not incuding the $340,000 in predevelopment and project management costs not passed on to the Auto Dealer. (13) Project management costs of $300,000 will not be passed on to Auto Dealer. (14) Estimated demolition costs of $30,000 to be paid by Auto Dealer for demo. work at 1072 Marina Boulevard. Prepared by: Keyser Marston Associates, Inc. Filename: C:\EXCE L\SAN LEAN DRO\AUTOCENT. XLS; 4/1/96; WCM.