HomeMy WebLinkAboutEDA AGN 01-24-06 Add. Docs.
PREDEVELOPMENT COSTS
SARNA RESTAURANT
Below is a list of costs that will be incurred by Developer to place the property to be purchased
ii'om the City of Colnmbia Heights in "developable" condition. Developable condition means
that the Developer will acquire property, pull the building permit and commence construction
without any extraordinary or additional conditions required to construct is project.
Below is a list of what we believe the costs are for this land acquisition pre-development:
I.
Land Acquisition Cost
$75,000.00
2. Demolition Costs, includiug soil correction, rcmediatiou,
hclical Jlure foundation systcms
a.
Estimate from Frattalone Companies including earth
work, NPPES permit, demolition, earth retention
system in the nOlthwest corner of the property,
soil correction, dewatering, back fill, islands, etc. "'
$96,550.00
b.
Estimate from Atlas Foundation for concrete filled
pipe piles (74 units).
$59,590.00
c.
Estimate from Seviola Construction for grade beams
and structural floor SUppOltS in connection with pure
foundation systems.
$30,000.00
d.
Additional Value Engineering for pier foundation/
building.
$5,000.00
e.
Removal and disposal of contaminated soils
(estimate)
$5,000.00
*Note that there is potential for a $40,000.00 increase to the bid for
excavation four feet under building foot print and replacing
the same with sand. If required, the bid amount will be
increased $40,000.00. The bid does not inclnde approximately 3000 cubic
yards of sand nnder the sidewalk and portions of the parking lot.
The bid amount will be increased ifthe sand is required.
3.
3901 Lookout Placc - ME Global. Developer to provide
alternate access onto Lookout Place propelty and other
requirements of ME Global
$12,500.00
4. 334 - 40th Avenue. Cost to complete various improvements
to tlle Gondek property required by Gondek (gate and
driveway improvements) $3,250.00
5. Utilities
a. Removal of existing telephone lines on west side of
the property and relocation to an easement area within
the vacated portion of University Avenue which would
be retained by the State. Removal and relocation of
existing utility lines running along vacated Lookout Place.
Pursuant to bid from Excel Energy. $25,000.00
b. Removal and relocation of existing gas line which serves
ME Global propeliy currently located within the University
Avenue turnback property.
Pursuant to bid from CenterPoint Energy $9,700.00
c. Engineering Costs for drawing utility plans, relocation
of utilities. Pursuant to bid from Roger Nelson $3,000.00
d. Qwest telephone lines to be relocated.
Pursuant to bid from Qwest. $6,500.00
6.
Survey Costs. Survey the location of all the properties and the
vacated portions of University Avenue (Kurth)
$6,500.00
7. Attorney Fees for negotiating documents with Gondek,
MGS Building relocated utilities, etc. (Barna, Guzy & Steffen) $7,500.00
8. Cost to assemble all existing parcels into one lot/plat (Kurth) $3,000.00
9. Cost to move and relocate and oversize existing sanitary
storm sewer per City of Columbia Heights $37,400.00
10. Cost to remove and relocate existing alley on the property
(Classic Construction) $16,845.00
II. Cost to remove and relocate the existing ail' raid siren
(Developer) $2,750.00
12. Redevelopment Fees paid to the City $3,600.00
13. Environmental Audit (old gas station site), including
Minnesota Pollution Control Application, Phase I, Phase II,
drilling environmental contaminated area, cost for soil
and ground water testing, predemolition inspection and
preparation of Development Response Action Plan
(proSource Technology)
$10,400.00
14.
Vapor Barrier for building required as a result of
contaminated soil from old gas station site.
$5,000.00
15.
Soil Testing/Pre and Post Soil Correction (Pat Hines)
$5,000.00
16.
Title Evidence/Commitment
$800.00
17.
Construction of new driveway approach and curb closures
at ends of vacated streets (Classic Construction)
$7,560.00
18.
Construction of new public sidewalk east property line
(Classic Construction)
$6,825.00
TOTAL COST FOR REDEVELOPMENT OF THE PROPERTY
TO PLACE THE PROPERTY IN A "DEVELOP ABLE CONDITION." $417,270.00
Note that the costs listed above do not include any of the bricks and mortar, cost for constructing
the improvements, engineering costs for preparation of all the proposed plans and other costs
associated with this development, nor does it include the cost to purchase the propelty located in
the NOlthwest corner ofthe site currently owned by the State of Minl1esota.
SUBTOTAL AS OF JANUARY 19, 2006
$417,270.00
THE ABOVE COSTS ARE BASED UPON QUOTES WHICH WE RECEIVED FROM
ALL SUBCONTRACTORS TO DATE AND REPRESENT A VERY CLOSE ESTIMATE
AS TO WHAT OUR TOTAL COST IS FOR ACQUISITION OF THIS LAND AND
PREDEVELOPMENT COST FOR THIS PARCEL.
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SOIL CORRECTION COSTS
SARNA RESTAURANT
Below is a list of costs to be incurred by developer for soil correction to correct existing site soil
conditions prior to incurring any of the other predevelopment costs. Please note that these
revised numbers are based upon Developer agreeing to revise all plans to delete the proposed
basement on the property and construct a slab-on grade restaurant. Based upon previous bids, if
a basement is constructed, additional soil correction costs would exceed $300,000.00. Below is
an estimate of additional soil correction costs which would be incurred by Developer related
directly to soil correction only based upon bids and re-bids by Fraitalone Companies and Atlas
Foundation Co.
1. Additional costs for subsurface exploration required
by geotechnical engineer for entire site $5,000.00
2. Frattalone Companies cost for furnishing and installing
500 cubic yards of sand under sidewalk and wall back fill $6,000.00
3. Cost of74 concrete filled pipe piles 30 feet deep $59,950.00
(Bid by Atlas)
4. Estimate for grade beam and structural floor supports in connection
with installation of concrete filled pipe piles. $30,000.00
5. Additional value engineering for concreted filled piles for the
foundation of the building $5,000.00
6. Removal and disposal of contaminated soils on site. $5,000.00
7. Environmental Audit (old gas station site), including MilUlesota
Pollution Control Application, Phase I, Phase II, drilling of
envirOlllilental contaminated area, costs for soil and groundwater
testing, predemolition inspection in preparation for Development
Response Action Plan from the MPCA ( Bid from proSource
Technologies) $10,400.00
8. Costs to install a vapor barrier for building required as a result of
contaminated soil located at the old gas station site $5,000.00
TOTAL
$126,350.00
Note that the above bids from Frattalone and Atlas, copies of which are attached hereto, do
not include any additional costs for engineering, soil testing inspections, permits, utilities,
cost for utility relocation, site preparation and all site demolition.
Note also that the Fraitalone bid does not include a potential $40,000.00 in additional cost for
the excavation and removal of four feet of existing soil under the proposed building footprint
and replacement of the smne with sand. If the geoteclmical engineers reconunend removal
and replacement with sand under the building footprint along with concrete filled pipes, then
in such event, our soil correction cost may increase up to $40,000.00.
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