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DECKLAN <br />0 0 0 G� R O U P <br />MEMORANDUM <br />TO: Jeremy Barnhart, Community Operations & Development Deputy Director <br />Cal Portner, City Administrator <br />Elk River EDA <br />FROM: Annie Deckert, Decklan Group <br />DATE: January 12, 2015 <br />SUBJECT: Response for request for information from J. Barnhart Dated 12 -18 -14 re: GATR Truck <br />Center <br />BACKGROUND <br />On December 18, 2014, 1 received the attached letter from the City regarding GATR Truck Center's <br />proposed project. <br />RESPONSE TO INFORMATION REQUESTED <br />Below are the responses for your consideration: <br />7. Thepropez -y valuationyou have submitted is $19.8 million. How didyougetto the $19.8 million <br />improvement value? <br />• Land (15.72 acres, 14.28 buildable @ $2 /sq.ft.) <br />• Site improvements (site prep, landscaping, etc.) <br />• Building (30,300 at $140 /sq.ft., 32' height) <br />• Future Additions (12,000 at $100 / sq.ft., 32' height) <br />• Equipment /Machinery /Fixtures (air compressors, part <br />burners, paint booth, sand blasters, etc.) <br />• Parts Inventory <br />• Working Capital <br />• Other (soft costs) <br />• Total Project Cost (TPC) <br />• Hasa cost of constmction statement been prepared? <br />$ 1,244,074 <br />$ 1,000,000 <br />$ 4,200,000 <br />$ 1,200,000 <br />$ 900,000 <br />$ 1,600,000 <br />$ 2,000,000 <br />$ 500,000 <br />$ 12,444,074 <br />According to VP of Design Build & Services for Winkelman Building Corporation Tom <br />Bruce, the estimate for the building outlined in the attached sketch is $4.51VI; ideally the <br />