02-26-1998 - Laserfiche WebLink

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4. Present Project: Building square footage, location of project, size of property, description of buildings - materials, etc. Attach site plan, if available The entire Silverview Estates Project being proposed is comprised of three (3) distinct components in addition to an adjacent convenience store which will be owned by a separate development group. The Silverview Estates Project consists of: (1) an 82 unit senior housing project. The housing project is anticipated to be a three story brick and wood frame construction independent living facility for persons 55 years and older. The other components of the project are: (2) a 25,000 square foot two story office building and (3) a 5,000 square foot one story office building. Silverview Estates, Inc., will be the developer of each of the three (3) components. For reasons related to project finance, each of the three (3) components will be owned by a separate legal entity in which Silverview Estates, Inc. or its principals will have an ownership interest. It is anticipated that Silverview will construct the senior housing component along with the 5,000 square foot office building portions of the Project first, commencing approximately July 1, 1998. 5. If the property is to be subdivided, Show Division Planned. The property is to be developed under a PUD which has been approved by the City. 6. Estimated Project Costs: (please enclose construction proforma, if available.) a. Land Acquisition $429,000.00 b. Site Preparation $205,000.00 c. Site Utilities $35,000.00 d. Public Improvements $25,000.00 e. Landscaping $105,000.00 f. Hard Building Costs (H'istorical Data) $4,386,000.00 g. Construction Fee (Included in Hard $0.00 Building Costs Above) h. Architectural Fee $96,000.00 i. Legal Fees $23,000.00 j. Financing Costs $85,000.00 k. Broker Costs $84,000.00 1. Contingencies $55,000.00 m. Equipment $84,000.00 n. Other (Pond Grading) $200 000.00 Total $5,812,000.00 10 I .