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CITY OF SANTA ANA <br /> <br /> <br /> <br /> <br /> <br /> <br />o The property assemblage costs should include the following, if <br />applicable: acquisition costs, relocation costs, demolition costs, and <br />closing costs. The developer should include an appraisal and the <br />proposed purchase and sale agreement (if available). <br /> Construction Costs: <br />o Identify whether the direct cost estimate reflects a premium for labor <br />requirements, including State of California prevailing wages, Davis- <br />Bacon wages, and compliance with the City’s CWA. <br /> Provide a direct construction cost breakdown (include a contractor’s detailed <br />estimate, if available) that disaggregates the following information: <br />o Off-site improvements; <br />o On-site improvements; <br />o Parking costs; <br />o Residential shell costs; <br />o Community room/office space costs; <br />o Commercial space shell costs; <br />o Commercial space tenant improvement costs; <br />o General conditions; <br />o Contractor fees; and <br />o Direct cost contingency allowance. <br /> Provide a breakdown of the project’s indirect costs such as: <br />o Architecture, engineering and consulting fees; <br />o Public permits and fees costs including all city fees, school district <br />fees, impact fees and any other fees that would be assessed on the <br />project; <br />o Taxes, legal and accounting costs; <br />o Insurance costs; <br />o Marketing costs; <br />o Development management fee; and <br />o Indirect cost contingency allowance. <br /> Provide the following financing cost information: <br />o Predevelopment/bridge loans (loan amounts, interest rates, length of <br />term and projected average outstanding balance of loan funds during <br />predevelopment/construction); <br />o Construction loans (loan amounts, interest rates, length of term and <br />projected average outstanding balance of loan funds during <br />predevelopment/construction); <br />EXHIBIT 1