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Old Town Hall Renovation 3.17.25 (No Grants)
<br />Restoration Costs (Details in 2018 RCP Report)
<br />Markup / Inflation factor (2021)
<br />PHASE 1 Climatation
<br />Seal Envelope
<br />Replace Roof & Repair Eaves (Original)
<br />Repair Eaves / Soffits, Replace Door
<br />Replace Stairs
<br />Window Repair and Paint
<br />Pest Removal
<br />Total Phase 1(est.)
<br />Work Completed to date
<br />Phase 2 Pre -Occupancy Upgrade
<br />Repair and Restore Windows
<br />Repoint Chimney
<br />Install ADA Ramp, Sidewalk, Stairs
<br />Install Doors, Plumbing, Hvac
<br />Air Conditioning (not previous included)
<br />Restore Wood Floor, Install Tile
<br />Finish Interior / Misc. Labor / Doors
<br />Overhead / Profit / Management / Permit
<br />Total Phase 2 (estimated)
<br />Work Already Completed (2018-2024)
<br />Total Project Cost Estimate
<br />Lease Revenue (Proposal)
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Year 6
<br />Year 7
<br />Year 8
<br />Year 9
<br />Year 10
<br />Year 11
<br />Year 12
<br />Year 13
<br />Year 14
<br />*Breakeven point sometime in Year 14
<br />Property Taxes (Commercial / 3A)
<br />Land Value (*County Assessed Value)
<br />Building Value (778 SF * $70/sf)
<br />Taxable Market Value
<br />Estimated Taxes / Annual
<br />*City Portion
<br />20%
<br />2018
<br />Cost
<br />$ 600 $
<br />$ 20,000 $
<br />$ 2,400 $
<br />$ 23,000 $
<br />$ 20,000 $
<br />2018
<br />Cost
<br />$ 1,350 $
<br />$ 1,000 $
<br />$ 4,850 $
<br />$ 2,600 $
<br />$ 4,500 $
<br />$ 3,940 $
<br />$ 18,240 $
<br />2024 Low
<br />Cost Quote
<br />720 Sealed but more Work need
<br />- Work done in 2018
<br />8,062 Work Done DKN 2024
<br />4,800 Not Done (included in future quote)
<br />3,256 Work Done DKN 2024
<br />21179 (includes 2021 Pest Removal)
<br />19,017
<br />13,497 $ 33,497 (Total spent since 2018)
<br />2021 2024 Cost
<br />Cost Estimate (remaining repairs)
<br />1,620
<br />$
<br />-
<br />(Work Completed in 2024)
<br />11200
<br />$
<br />1,500
<br />(TBD)
<br />5,820
<br />$
<br />34,000
<br />3,120
<br />$
<br />28,270
<br />(Duct Work, Doors Exc.)
<br />$
<br />5,500
<br />(estimate)
<br />5,400
<br />$
<br />10,076
<br />41728
<br />$
<br />29,500
<br />(Door and Soffits Done)
<br />$
<br />14,786
<br />21,888
<br />$
<br />123,632
<br />$ 129,814 5% Inflation
<br />$
<br />33,497
<br />$
<br />157,129
<br />$ 163,311 5% inflation
<br />Month
<br />Annual
<br />Less Taxes
<br />Maintenance
<br />Net
<br />$ 11100
<br />$ 13,200
<br />$
<br />-
<br />$
<br />1,000
<br />$
<br />12,200
<br />$ 11133
<br />$ 13,596
<br />$
<br />3,027
<br />$
<br />1,010
<br />$
<br />9,559
<br />$ 11167
<br />$ 14,004
<br />$
<br />3,118
<br />$
<br />1,020
<br />$
<br />9,866
<br />$ 11202
<br />$ 141424
<br />$
<br />3,211
<br />$
<br />1,030
<br />$
<br />10,182
<br />$ 1,238
<br />$ 14,857
<br />$
<br />3,308
<br />$
<br />1,041
<br />$
<br />10,508
<br />$ 1,275
<br />$ 15,302
<br />$
<br />3,407
<br />$
<br />1,051
<br />$
<br />10,844
<br />$ 1,313
<br />$ 15,761
<br />$
<br />3,509
<br />$
<br />1,062
<br />$
<br />11,191
<br />$ 1,353
<br />$ 16,234
<br />$
<br />3,614
<br />$
<br />1,072
<br />$
<br />11,548
<br />$ 11393
<br />$ 16,721
<br />$
<br />31723
<br />$
<br />1,083
<br />$
<br />11,916
<br />$ 11435
<br />$ 171223
<br />$
<br />3,835
<br />$
<br />1,094
<br />$
<br />12,295
<br />$ 11478
<br />$ 171F740
<br />$
<br />3,950
<br />$
<br />11105
<br />$
<br />12,686
<br />$ 1,523
<br />$ 18,272
<br />$
<br />4,068
<br />$
<br />11116
<br />$
<br />13,088
<br />$ 1,568
<br />$ 18,820
<br />$
<br />41190
<br />$
<br />11127
<br />$
<br />13,503
<br />$ 1,615
<br />$ 19,385
<br />$
<br />4,316
<br />$
<br />11138
<br />$
<br />13,931 Break Even
<br />$ 225,539
<br />$
<br />47,275
<br />$
<br />14,947
<br />$
<br />163,317 $ 6
<br />1171400
<br />$ 3,027
<br />$ 1,059
<br />
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