Lonesome Pine Regional Business & Technology Park


PROJECT COSTS

Project costs have been developed for the infrastructure considered necessary to accommodate access and development of each parcel of the Park. These costs are presented in independent segments in order to provide for maximum flexibility in the Park development. The infrastructure necessary to accommodate the ultimate development of the Park includes water system improvements, a sanitary sewer system, roads, and stormwater management. Costs for buildings and individual site development are not included in this report since these costs are site and tenant specific. Also, telephone and electrical utility costs are not included in these infrastructure estimates. This report assumes that the costs of telephone and electrical utilities will be prorated into the ultimate user fees. An Infrastructure Site Schematic included in Appendix A of this report depicts the complete infrastructure for which costs have been provided.

The project costs are based upon preliminary layouts, descriptions, and service area design calculations and, therefore, represent preliminary statements of probable project costs for the Lonesome Pine Regional Business & Technology Park Master Plan. Table 1 summarizes the project costs for each independent segment of the Park infrastructure. Tables 2 through 9 itemize more detailed probable costs for each of the independent segments.

Project costs are defined as the sum of estimated construction costs and related costs. It should be noted that 10 percent of the estimated construction cost has been assumed to cover contingency items. It is important to stress that these costs are subject to further revision as field surveys are completed and detailed plans are developed for the project. Experience on similar projects, manufacturers’ cost information, and actual unit cost bids received on similar projects were utilized during the calculation of all project costs (i.e., construction and related costs).