65A - JAIL REUSE STUDY - Laserfiche WebLink

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C. Fiscal Analvsis: A construction cost analysis was also developed which included detailed expenditure information showing the overall fiscal impact the City would likely incur if each jail reuse option was pursued through construction and ultimately implemented. The construction cost analysis included a summary conceptual cost statement showing building construction and project costs associated with each of the five jail reuse options. The information covered cost factors that included (a) estimated range of building design changes; (b) escalated construction costs; and (c) other project -related expenses. The following Statement of Probable Construction and Project Costs reflects the consultant team's estimate of the total cost that will be required to convert the Santa Ana City Jail to a commercial office complex from which leased space would be available for general office environment functions. The conversion to office usage would involve the renovation and modification of the four level building containing 168,243 square feet of space. As the analysis and cost estimate shows the renovation work and base construction with estimates for construction contingencies, and project costs for A/E fees, CM inspections, and FF&E expense will amount to $23,015,707. The base construction cost, with general contractor overhead, bonds, profit and placeholders for design contingencies and market factors is estimated at $16,923,427 which amounts to a cost of approximately $100 a square foot. Expenditure Category I Estimated Cost Base Construction $ 11,482,287 General Contractor Overhead & Profit $ 1,148,229 General Contractor Markups $ 631,526 General Contractor Bonds $ 298,396 Design Contingency $ 2,712,088 Market Factor $ 650,901 Sub -Total $ 16,923,427 Construction Contingency (10%) $ 1,692,300 A/ E Fees (10%) $ 1,692,300 CM Inspection (4%) $ 676,920 Miscellaneous (2%) $ .338,460 FF&E (10%) $ 1,692,300 Sub -Total $ 6,092,280 Total $ 23,015,707 (See Appendix E: Santa Ana City Jail Reuse Options Detailed Construction and Project Cost Estimates) Potential Return on Investment We conducted a search for private or co -work offices / workspace facilities such as Regus, Target, and We -Works in the Santa Ana Area. Our research shows office space facilities are available in nearby Anaheim, Costa Mesa, Irvine, and Orange, but not in Santa Ana. One selling point these organizations are using is their fast access 92 65A-99