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li ~ / <br />October i 1, 200 <br />lair. Jim Simpson <br />The dank of ELk River <br />530 ~/Iain Street <br />Elk Fciver, Mi~T 5330 <br />~: Corceptt:.al Cast 3?stimate for s~ownto~w~n Fsa~ Addition <br />Dear Tim: <br />Tad S~~redin, t3~e es'i~ator fill our office, put together 8 conceptual square footage cast <br />estimate. Wear:. ~~orlcing on a mere detailed estimate that ~,~ll be more accurs?e. T'nese <br />square foot casts include aiaild~g, site work, finishes, and professional fees. T~.ey don't <br />induce bank equipment, sites and fiuniture. stilt in cabinet work like the feller line <br />wor'~ is included. <br />We do not have the exact level of finish determined. but this is a level comparable to the <br />present building. <br />New ~Consti~c#.ion <br />Zower Level b,550 SF @ $155 ! S: _ $1,050,50 <br />Main Level 6,532 SF @ $185 / SF = $1,253,920 <br />Upper Level 5,275 SF @_ $170 / SF = $1,407 250 <br />21,650 SF = $3,751,930 <br />~tem+udel of ~~istinQ <br />Main Level 3,351 SF @ $90 / SF = $ 304,290 <br />ZRoof Snow Load Structure (lump sum allowance) $ 100,000 <br />Contingency 2% <br />$ 53,124 <br />Tota! <br />54,239,344 <br />509 ~~linnet;a ~vLnue Norfr1 • Suite 210 • r~tinneapcli~, ~titinnescta 55427 <br />~8E.32; .L~ ] 7 • 753.54 ] .9:,52 • ficx 703.54 ] .91357 <br />.. _.._.. ,. _ _ -- -L - '-- <br />