Agenda - 08-24-1981 - Laserfiche WebLink

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• 47 . : D. Alternatives for Development, and Comparable Costs These are presented as possible ways to develop usable floor space on the site but are not intended to be read as mutually exclusive options. Actual development may occur through any one means or a combination of all of them, depending on more precise needs or conditions as they arise. 1. U.:rade, Rehabilitate Existing Multipurpose Center - 10,200 sq. ft a. Minimum investment to meet Code requirements. M. Ray Harden, Jr, P.E., in a report dated May 3, 1978, proposed a minimum program for upgrading the building to meet N.C. Code Requirements and generally to repair poor conditions. The esti- mated cost for such work was $78,540.00. The life expectancy of such limited improvement is necessarily also limited, perhaps as short as ten years. A new, oil-fired, steam boiler has been installed since the date of that report. This represents a substantial investment by the County in the present structure. Other investments include in- stalled insulation plus parking lot construction. Some of the repair and upgrading is being done piecemeal. Such an approach, while workable, creates problems of efficiency and coordination. In addition, repairing the "mechanical" parts of the building may not substantially improve the efficient use of the available floor space, because general subdivision of spaces remains the same. b. Optimum Upgrading and Rehabilitation To rehabilitate the Multipurpose Center to a "like new" condition with a life span comparable to new construction would probably cost $25.00 to $30.00 per sq. ft. These figures could include some interior modifications to partitions, but not major struc- tural changes. This compares with actual recent costs for the OPC Clinic rehabilitation of $27.31 per sq. ft. That project was more elaborate, but using a similar figure would make realistic allowance for subsequent increases in construction costs. This would bring estimated construction to roughly $280,000.00. Parking has already been provided under ongoing program. Based on current square foot costs for new construction of $40.00 to $50.00 per square foot, a new building of similar size might cost an average of $450,000.00 Costs for demolition of present structure would have to be added to that figure for replacement costs. p. 6 of 12 p.