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Old Town Hall 100K Grant 3.17.25
<br />Restoration Costs (Details in 2018 RCP Report)
<br />Markup / Inflation factor (2021) 20%
<br />PHASE 1 Climatation
<br />2018
<br />2024
<br />Low
<br />Cost
<br />Cost
<br />Quote
<br />Seal Envelope
<br />$
<br />600
<br />$
<br />720
<br />Sealed but more
<br />Work need
<br />Replace Roof & Repair Eaves (Original)
<br />$
<br />20,000
<br />$
<br />-
<br />Work done in 2018
<br />Repair Eaves / Soffits, Replace Door
<br />$
<br />-
<br />$
<br />8,062
<br />Work Done DKN
<br />2024
<br />Replace Stairs
<br />$
<br />21,400
<br />$
<br />4,800
<br />Not
<br />Done (included
<br />in future quote)
<br />Window Repair and Paint
<br />$
<br />3,256
<br />Work Done DKN
<br />2024
<br />Pest Removal
<br />$
<br />21179
<br />(includes 2021 Pest Removal)
<br />Total Phase 1 (est.)
<br />$
<br />23,000
<br />$
<br />19,017
<br />Work Completed to date
<br />$
<br />20,000
<br />$
<br />13,497
<br />$
<br />33,497
<br />(Total spent since
<br />2018)
<br />Phase 2 Pre -Occupancy Upgrade
<br />2018
<br />2021
<br />2024 Cost
<br />Cost
<br />Cost
<br />Estimate (remaining repairs)
<br />Repair and Restore Windows
<br />$
<br />1,350
<br />$
<br />1,620
<br />$
<br />-
<br />(Work Completed in 2024)
<br />Repoint Chimney
<br />$
<br />1,000
<br />$
<br />1,200
<br />$
<br />1,500
<br />(TBD)
<br />Install ADA Ramp, Sidewalk, Stairs
<br />$
<br />4,850
<br />$
<br />5,820
<br />$
<br />34,000
<br />(Concrete)
<br />Install Doors, Plumbing, Hvac
<br />$
<br />2,600
<br />$
<br />3,120
<br />$
<br />28,270
<br />(Duct Work, Doors
<br />Exc.)
<br />Air Conditioning (not previously included)
<br />$
<br />5,500
<br />(estimate)
<br />Restore Wood Floor, Install Tile
<br />$
<br />4,500
<br />$
<br />5,400
<br />$
<br />10,076
<br />Finish Interior / Misc. Labor / Doors
<br />$
<br />3,940
<br />$
<br />41728
<br />$
<br />29,500
<br />(Door and Soffits Done)
<br />Overhead / Profit / Management / Permit
<br />$
<br />141786
<br />Total Phase 2 (estimated)
<br />$
<br />18,240
<br />$
<br />21,888
<br />$
<br />123,632
<br />$ 129,814
<br />5% Inflation
<br />Work Already Completed (2018-2024)
<br />$
<br />33,497
<br />Total Project Cost Estimate
<br />$
<br />157,129
<br />$ 163,311
<br />5% inflation
<br />Grants (NHS, etc...)
<br />$ 100,000
<br />$ 63,311
<br />Lease Revenue (Proposal)
<br />Month
<br />Annual
<br />Less Taxes
<br />Maintenance
<br />Net
<br />Year 1
<br />$
<br />11#100
<br />$
<br />13,200
<br />$
<br />-
<br />$ 1,000
<br />$ 12,200
<br />Year 2
<br />$
<br />1,133
<br />$
<br />13,596
<br />$
<br />3,027
<br />$ 1,010
<br />$ 9,559
<br />Year 3
<br />$
<br />11167
<br />$
<br />14,004
<br />$
<br />3,118
<br />$ 1,020
<br />$ 9,866
<br />Year 4
<br />$
<br />11202
<br />$
<br />14,424
<br />$
<br />3,211
<br />$ 1,030
<br />$ 10,182
<br />Year 5
<br />$
<br />11238
<br />$
<br />14,857
<br />$
<br />3,308
<br />$ 1,041
<br />$ 10,508
<br />Year 6
<br />$
<br />11275
<br />$
<br />15,302
<br />$
<br />3,407
<br />$ 1,051
<br />$ 10,844
<br />$
<br />85,383
<br />$
<br />16,071
<br />$ 6,152
<br />$ 63,160 $
<br />*Breakeven point sometime in Year 6
<br />Property Taxes (Commercial / 3A)
<br />Land Value (*County Assessed Value)
<br />117,400
<br />Building Value (778 SF * $70/sf)
<br />541,460
<br />Taxable Market Value
<br />171,860
<br />Estimated Taxes / Annual
<br />$
<br />3,027
<br />*City Portion
<br />$
<br />1,059
<br />(150)
<br />
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