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I ri <br />Feb. 28, 1983 <br />REPORT ON ELDERLY & HANDICAPPED BUILDING. <br />TYPE: Wood Frame Construction - 1 hour fire resistance throughout. <br />HEIGHT: 3 story - 42 Units. <br />SQ.FT.: 32,319 <br />VALUATION:$1,281,450.00 <br />These figures are from the Insurance Service Office, (they underwrite the <br />insurance company). <br />Cost of insurance: $1.66 per $100 valuation if the building does not have <br />a sprinkler system: $21,272.00. <br />Cost of insurance: $.20 per $100.00 valuation if the building does have a: <br />sprinkler system: $2,563.00. <br />This is the base that the insurance company starts with, they add or sub- <br />tract depending on coverage. <br />The dost of installing sprinklers in this type of project is $.85 per sq. <br />ft. or $27,470.00. <br />A rule of thumb is that if the building has a sprinkler system, the savings <br />on insurance is 500. All of these figures are estimates from people in <br />the field, and were given to me without seeing any plans. <br />Submitted by, <br />A Li <br />i <br />Ed Locke <br />Building Official <br />EEL:gb <br />cc: Council <br />Dick Boss, Sr. <br />07 <br />