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Findings ") provides updated estimated cost information for constructing the
<br />SJHTC, as of June, 1997.
<br />B. FOOTHILL /EASTERN TRANSPORTATION CORRIDORS (F/ETC)
<br />The cost for constructing the Foothill/Eastern Transportation Corridors was
<br />originally estimated from information obtained from the Weir Canyon Park
<br />Road Study dated October, 1982, the Foothill Transportation Corridor Route
<br />Location Study dated December, 1982, and projection of costs from the San
<br />Joaquin Hills Transportation Corridor. Unit prices used in the cost estimates are
<br />considered to adequately estimate the cost in 1984 dollars. The original
<br />estimated costs, to be adjusted by the Agency in accordance with the California.
<br />Construction Cost Index, are as follows:
<br />TABLE IV -2
<br />FOOTHILL/EASTERN TRANSPORTATION CORRIDORS COST
<br />The Statement of Facts in Support of Findings of the Board of Directors of the
<br />Foothill/Eastem Transportation Corridor Agency Regarding "Resolution of the
<br />Foothill/Eastern Transportation Corridor Agency Approving an Annual
<br />Adjustment in the Area of Benefit Fees and Making Certain Findings Relating
<br />to Annual Adjustment of the Area of Benefit Fees (F97 -05)" (the "1997
<br />F /ETCA Findings ") provides updated estimated cost information for
<br />construction the F/ETC, as of June, 1997.
<br />223512_2.DOC
<br />Foothill
<br />Eastern
<br />Total
<br />Construction:
<br />$233,557,000
<br />$143,526,000
<br />$377,083,000
<br />Eng. & Admin.:
<br />35,033,000
<br />21,528,500
<br />56,561,500
<br />Contingencies:
<br />35,033,000
<br />21,528,500
<br />56,561,500
<br />Right Of Way
<br />(in excess of
<br />Major Art. Hwy.): 14,151,000
<br />11,790,000
<br />25,941,000
<br />Total (for purposes of
<br />Fee Program):
<br />$317,774,000
<br />$198,373,000
<br />$516,147,000
<br />As of December 1990, as set forth in
<br />the Deloitte Report,
<br />PRAG estimated the
<br />remaining cost of constructing the F/ETC, exclusive of costs incurred to
<br />August 31, 1990, to be $1,699,240.
<br />The Statement of Facts in Support of Findings of the Board of Directors of the
<br />Foothill/Eastem Transportation Corridor Agency Regarding "Resolution of the
<br />Foothill/Eastern Transportation Corridor Agency Approving an Annual
<br />Adjustment in the Area of Benefit Fees and Making Certain Findings Relating
<br />to Annual Adjustment of the Area of Benefit Fees (F97 -05)" (the "1997
<br />F /ETCA Findings ") provides updated estimated cost information for
<br />construction the F/ETC, as of June, 1997.
<br />223512_2.DOC
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