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<br />Request for Proposal- "Aquatic Entertainment Complex"
<br />City of Sunny Isles Beach, Florida
<br />November 8,2010
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<br />8.0 Project Cost Breakdown
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<br />Description Park I Parking & Retail Aquatic Building
<br />Soft Costs
<br />Pre-Development Expenses $50,000 $150,000
<br />Architectural and Engineering feeslDesign
<br />fees $1,500,000 $2,000,000
<br />Specialized Architectural and Engineering
<br />fees $0 $1,000,000
<br />Legal and Administrative $200,000 $600,000
<br />Insurance - Building Risk & General Liability $325,000 $650,000
<br />Building Permit and Certificate of Occupancy $60,000 $120,000
<br />Impact Fees (1) $578,932 $1,075,316
<br />Contingency $75,000 $150,000
<br />Pre-Opening Expenses $50,000 $200,000
<br />Total Soft Costs $2,838,932 $5,945,316
<br />Hard Costs
<br />Construction Cost $19,290,000 $29,723,000
<br />PaymenUPerformance Bond $772,563 $0
<br />FF & E $0 $2,100,000
<br />Special Equipment $0 $10,000,000
<br />Animals $0 $5,000,000
<br />Construction Contingency $450,000 $1,040,000
<br />Total Hard Costs $20,512,563 $47,863,000
<br />Sub-Total Project Cost $23,351,495 $53,808,316
<br />Developer Purchase of Garage Retail ($5,500,000)
<br />Adjusted Project Cost $17,851,495 $0
<br />Total Project Cost Combined $77,159,811
<br />(1) Impact Fees calculation based on fee schedules included in Exhibit B & Exhibit C.
<br />Such figures are subject to chanqe and will be adiusted accordingly.
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