Laserfiche WebLink
City of Ramsey Municipal Center, <br />"The Facts" <br />November 10, 2004 <br /> <br />Project Cost Comparison: <br /> <br />Renovation and Additions to the Existing City Hall and Police Station: <br /> <br />After review of the existing facility configuration and potential additions to the building(s), the <br />following square footage and costs were used for construction dollars in the year 2005: <br /> <br />44,079 square feet x $240 per square foot = $10,578,960 Project Costs * <br /> <br />* In budgeting for unknown conditions at the time of the study, the city could <br />anticipate additional costs of 5 to 15% to cover the unknown. <br />This could increase the above project costs by $700,000 to $1,700,000. <br /> <br />Unknown conditions at the time of the cost summary: <br /> o The capacity of the existing mechanical and electrical systems. <br /> o The existing buildings have encountered numerous problems with water damage <br /> / leakage. The source and extent of damage was not identified at time of study. <br /> o Site conditions for soil and water are unknown for the existing site. <br /> o Condition of site utilities. <br /> o Square footage requirements are an estimation. Further design studies would be <br /> required to determine the actual space required. <br /> <br />New Municipal Center (Police and City Hail): <br /> <br />The following are project costs at the completion of the schematic design for the new municipal <br />center located in the Ramsey Town Center with construction dollars in the year 2005: <br /> <br /> 67,978 square feet x $239 per square foot = $16,234,378 Project Costs* <br /> <br /> * This amount includes the drive through police garage of 4,536 sf. The team is <br /> currently identifying areas that will lower the project costs. <br /> <br /> Note: The profit of the sale of the existing building and site are not included in the project <br /> calculations for the new municipal center. <br /> <br />Site Comparisons: <br /> <br /> Existing City Hall / Police Site: <br /> <br /> Current city complex site: <br /> Potential Value: <br /> <br />29.806 acres or 1,298,350 square feet <br />$80,000/acre = $2,384,480 <br />$100,000/acre = $2,980,600 <br /> (Assumes some density of residential development) <br /> <br />New Municipal Center Site: <br /> <br />2.68 acres or 116,836 square feet <br /> <br />Page 2 of 4 <br /> <br /> <br />