Linn County

Building Construction Estimated Sources and Uses Summary

AOB Juvenile Options/ Sheriff's Approved

PSC IT Court LCCS Office Total
Estimated Costs:
Construction:
General contractor $ 11,010,700 $ - $ 5,303,576 $ 10,780,800 $ 2,412,000 $ 29,507,076
Other 498,044 - 412,817 1,873,320 173,462 2,957,643
Subtotal 11,508,744 5,716,393 12,654,120 2,585,462 32,464,719
Contingency - 7.0% (1) 805,612 - 400,148 1,265,412 258,546 2,729,718
Subtotal construction 12,314,356 - 6,116,541 13,919,532 2,844,008 35,194,437
Professional Fees:
A & E - 10.0% of general contractor - - - - 241,200 241,200
A & E - 9.0% of general contractor 990,963 - - - - 990,963
A & E - 7.0% of general contractor - - 371,250 - - 371,250
A & E - 6.5% of general contractor - - - 700,752 - 700,752
A & E - LEED 47,000 - 50,000 39,800 - 136,800
Subtotal professional fees 1,037,963 - 421,250 740,552 241,200 2,440,965
Other Costs:
Public art - 1.0% of general contractor 110,107 - 53,036 107,808 - 270,951
Asbestos abatement 57,680 - - - - 57,680
Parking 200,000 - - - - 200,000
Contents 1,080,000 636,450 100,000 390,957 1,219,086 3,426,493
Subtotal other costs 1,447,787 636,450 153,036 498,765 1,219,086 3,955,124
Total estimated costs 14,800,106 636,450 6,690,827 15,158,849 4,304,294 41,590,526

Estimated Revenue:
FEMA:
Eligible repair funding 2,248,959 - - 8,594,034 3,085,208 13,928,201
Alternate projects 995,320 - - - - 995,320
Contents 518,534 636,450 - 390,957 1,219,086 2,765,027
Subtotal-FEMA 3,762,813 636,450 - 8,984,991 4,304,294 17,688,548
Building sale - net - - 115,827 334,173 - 450,000
I-JOBS 8,900,000 - 3,690,000 5,000,000 - 17,590,000
DOE grant 317,300 - - - - 317,300
Total estimated revenue 12,980,113 636,450 3,805,827 14,319,164 4,304,294 36,045,848

Reserved fund balance 1,200,000 - - - - 1,200,000

Bond proceeds - net of issue costs 650,000 - 2,995,000 870,000 - 4,515,000

Less Capitalized Interest - - (60,000) - - (60,000)
Less estimated issue costs (20,000) - (50,000) (40,000) - (110,000)
Net bond prodeeds 630,000 - 2,885,000 830,000 - 4,345,000
Funding surplus/(deficit) $ 10,007 $ - $ - $ (9,685) $ - $ 322

(1) Options/LCCS, Correctional Center, and Sheriff - 10% contingency

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