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Cost Approach <br />In employing the cost method the ap <br />estimated total improvement cost ne Well as <br />remodeling and corrective costs utilitizing cur- <br />rent valuation services and his office records <br />of actual office building cost data. He has <br />consulted with the architectural firm of <br />Reynolds, Chamberlain & Ruano, an experienced <br />architectural firm specializing in the design, <br />planning and feasibility studies of public <br />buildings in the San Francisco Bay Area. Addi- <br />tional advice and cost information was obtained <br />from Gordon Monteath, engineer with the firm <br />of Monteath-Krumholz $ Associates, specialists <br />in heating, ventilating and air-conditioning <br />systems. Fred McCracken of McCracken Associates <br />was also consulted. Mr. McCracken is a mechani- <br />cal engineer, experienced in design of HVAC <br />systems for public buildings. Additional <br />assistance was given the appraiser on current <br />remodeling costs of general, professional and <br />special purpose buildings by several general <br />contractors in the area. <br />The actual contracted costs of the subject were <br />analyzed, updating these by using comparative <br />construction cost tables, which reflect the <br />past cost increases. These increases have <br />J varied during the past decade between 8% and 90 <br />Y ' per annum. The original contracted costs, <br />Y building. -,only, totaled $392,890. <br />3 Original bldg. contract 1966-67 <br />Construction, $249,434 <br />Architect 15,400 <br />$2EW , $-3-T x 2 .54 $667 , 382 <br />Addition 1970 <br />Construction $1191,702 <br />/ r <br />Architect 8,354 <br />"v 128, x 2.1 268,918 <br />�. Total 1979 estimate $9363-300 <br />