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A. INTRODUCTION <br />This section ofthe report looks at the cost assodated with each of <br />the master plan options,Them estimates are general in nature at <br />this ear!y stage of p!annng. However the estimated cost are based <br />on hstonc cost for puHic works constructon our region. <br />There are a number of possiHe project aspects that can affect the <br />cost of a project, such as: <br />° <br />Contaminated soil conditions from previous uses <br />Level ofground water is high <br />• Restrictive development standards <br />• Higher requirement for sustainability such as LEE[} <br />In general the square foot cost shown in the following <br />estimates represent the mean range that we would anticipate <br />for construction to occur in 2016. The construction industry is <br />curr'ent!y indicating anticpated nflaton higher than what has <br />occurred overthe past 5 years.VVhi!e there are many factors that <br />can effect bidding climates it is anticipated that yearly escalation <br />cost will be in the 4% to 6% range. In the last year we have <br />seen a dramatic spike in construction cost as we came out ofthe <br />recession. For this reason we would suggest that the City move <br />ahead with project planning this upcoming year with the goal to <br />start construction in spring of2D|7. <br />The estimated cosfor each ofthe 4options with inflation added <br />are as follows: <br />Option A <br />° <br />Construction $|Z.467.62| <br />• Soft CostEsdmate $1.500,000 <br />^ Estimated 20|7Total Project Cost $13,967.621 <br />Option B <br />• Construction $13,278,825 <br />• Soft Cost Estimate =$|.5OODOD <br />Estimated 2017 Total Project Cost $14.778.825 <br />VH. Project Cost Estimates <br />-/ -- <br />° <br />Construction $12,412,496 <br />• Soft Cost Estimate =$|,50O,0OO <br />^ Estimated 2017 Total Project Cost $13,912.196 <br />Option D <br />° <br />Construction $12,247,121 <br />• Soft Cost Estimate =$|.5OO,0OO <br />~ Estimated 2017 Total Project Cost $13.747.121 <br />The difference between the high and !ow estimated is $ 03! 704. <br />Since all concept plans are based on providing the same amount <br />of bui!dng area the pnmary differences in the cost are hased on: <br />| Reuse or new of existing co!d storage hui!dings <br />Z. Relocation of the existing salt storage shed <br />3, Amount ofsite development required <br />Y!i.| Ramsey Public Works Study <br />DRAFT <br />