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A. INTRODUCTION <br />This section of the report looks at the cost associated with each of <br />the master plan options.These estimates are general in nature at <br />this early stage of planning. However the estimated cost are based <br />on historic cost for public works construction in our region. <br />There are a number of possible project aspects that can affect the <br />cost of a project, such as: <br />• Poor soil conditions <br />• Contaminated soil conditions from previous uses <br />• Level of ground water is high <br />• Restrictive development standards <br />• Higher requirement for sustainability such as LEED <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 />currently indicating anticipated inflation higher than what has <br />occurred over the past 5 years.While 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 of the <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 of 2017. <br />The estimated cost for each of the 4 options with inflation added <br />are as follows: <br />Option A <br />• Construction $ 12,467,621 <br />• Soft Cost Estimate $1,500,000 <br />• Estimated 2017Total Project Cost $13,967,621 <br />Option B <br />• Construction $ 13,278,825 <br />• Soft Cost Estimate = $1,500,000 <br />• Estimated 2017 Total Project Cost $14,778,825 <br />VII. Project Cost Estimates <br />Option C <br />• Construction $12,412,496 <br />• Soft Cost Estimate = $1,500,000 <br />• Estimated 2017Total Project Cost $13,912,496 <br />Option D <br />• Construction $12,247,121 <br />• Soft Cost Estimate = $1,500,000 <br />• Estimated 2017 Total Project Cost $13,747,121 <br />The difference between the high and low estimated is $1,031,704. <br />Since all concept plans are based on providing the same amount <br />of building area the primary differences in the cost are based on: <br />1. Reuse or new of existing cold storage buildings <br />2. Relocation of the existing salt storage shed <br />3. Amount of site development required <br />VII.1 1 Ramsey Public Works Study <br />DRAFT <br />BKV <br />GROUP <br />