Agenda - 09-12-2013 - 2 - Laserfiche WebLink

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ATTACHMENT E Sample Lease Cost Illustration, 10,000 Square Foot Library Facility, 5 year term Assumptions: Rentable Square Footage: 10,000 square feet Base 5 Year Lease Cost: $1,250,000 Base Annual Lease Rate: $25 per square foot Term: 5 years Escalator: none Real Estate Taxes: $2 per square foot Real Estate Taxes Paid: $100,000 Insurance: $0.50 Insurance Paid: $25,000 Common Area Maintenance ( "CAM ") $6 CAM Paid: $300,000 Utilities: $1 Utility Costs: $50,000 Solid Waste Removal: $0.05 Solid Waste Removal: $2,500 Lease Total: $34.55 per square foot $1,727,500 annualized cost: $345,500 One Time Costs: Interior Upfit $45 per square foot $450,000 Furniture, Fixtures, and Equipment $45 " " " $450,000 One Time Cost Total: $90 $900,000 Notes: 1. Assumptions reflect reasonable market rates for cost categories. 2. Personnel costs and library book inventory not included in illustration. 3. Real estate taxes are paid to Orange County. 4. Potential purchase option structure for leased space not illustrated 22