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