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HomeMy WebLinkAboutMemo - Mail Packet - 8/4/2015 - Memorandum From Jeff Mihelich, Mike Beckstead And Laurie Kadrich Re: Foothills Mall 2Nd Quarter 2015 UpdateCONFIDENTIAL MONTHLY REPORT 5 7 5 0 D T C P a r k w a y , S u i t e 2 1 0 G r e e n w o o d V i l l a g e , C O 8 0 1 1 1 Foothills Prepared for: The City of Fort Collins Disclaimer: This document is confidential and intended for its recipients only. Do not reproduce, distribute or use the contents of this document without the express consent of its owners Walton Foothills Holdings VI, LLC. June ‘15 Walton Foothills Holdings VI, LLC 5750 DTC Parkway, Suite 210 Greenwood Village, Colorado 80111 Phone: 303.771.4004 Web: www.albdev.com Foothills MONTHLY REPORT Ft. Collins, CO June 2015 P TABLE OF CONTENTS I. DEVELOPMENT SUMMARY 1 CONSTRUCTION UPDATE 1 WASTE DIVERSION PROGRAM 2 DESIGN AND PERMITTING UPDATE 2 TENANT IMPROVEMENTS AND RELOCATIONS 2 COSTS 3 EXHIBITS: Exhibit 1: Aerial Photos 4 Exhibit 2: Construction Progress Photos 5 Exhibit 3: Site Plan 6 Exhibit 4: Milestone Schedule 7 Exhibit 5: Metro District Draw Summary 8 Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 1 I. Development Summary Construction Update Construction continues in earnest and remains on schedule for Phase 1 completion in Fall 2015 (entire project with exception of the South mall concourse and Block 14A), despite unprecedented rainfall during the months of April, May and June. Significant progress has been made on the mall north/south concourse renovation, with completion of the concourse ceiling, as well as flooring on the north concourse. The east/west concourse structural steel and skylights are complete, with framing and drywall underway. Parking Garage pre-cast panel erection is complete. Interior work continues on the theater, which is tracking for opening late October. East Green pads/ foundation work is under way on Blocks 1E, 1F, 1H, 1J, & 1G. The North West Corner, Blocks 13A & B, Block 12, 18 and 19 are under construction. College Avenue, Block 14B & 15 foundations & steel are underway. New guest restrooms were opened to the public mid-March 2015. The Sears new construction (Block 16) is turned over to tenant. The Foothills Activity Center’s final design is complete. The General Contractor and the City Staff are working together to buy the project out within budget. The building is 98% bought out. The aforementioned storms delayed the completion of the stair towers and slab pour, currently steel is on site and being erected. BECK is working on recovery schedule to ensure completion in Fall of 2015. The City of Fort Collins, CDOT, and Walton Foothills Holdings have been meeting to solve to a 7’4” design for the Pedestrian Underpass. Walton Foothills Holdings has submitted drawings to CDOT and the City for approval. At the city’s request, Walton Foothills has submitted conceptual pricing for two 8’0” clear height options. Once approval is received from CDOT and the city, the schedule will be confirmed and construction will commence. The redevelopment agreement will need to be modified to reflect the revised schedule, as well as address cost obligations for any design beyond the 7’4” option as required by the agreement. The Phase I Storm water outfall is currently under construction, and Water Quality pond retaining walls are underway. The Phase II site work scope includes the theater and garage site work underground, which will occur between July 2014 and October 2015. Final planting will be happening in the spring of 2016. The Larimer County Irrigation Canal No. 2 has been relocated and water is flowing. The landscaping is complete. The Main Mall Entrance is shut down and the temporary entrance has been open since the beginning of summer 2014. West expansion construction has commenced, and the new west entry is anticipated to open in August 2015. Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 2 Demolition and Deconstruction  Bank building – complete  Youth Activity Center – complete  Goodyear building – complete  Mall N/S Concourse ceiling – complete  Corner Bakery – complete  Mall Phase 2 – complete  Mall Phase 3 – complete  Existing Sears – complete  Site Work Demolition Phase 1 & 2- complete  Site Work Demolition Phase 3, 4 & 5- have started  ARC Building- complete  Shops Buildings – building demolition complete, slab to be removed at a later date  Plaza Shop Building – complete Waste Diversion Program From January 2014 through April 2015, 58,583 tons of demolition waste has been diverted from the landfill. The overall waste diversion rate for the project in April was 72%. According to a 2012 EPA study, Americans generated approximately 4.38 pounds of trash per person per day. Therefore, the amount of demo waste diverted to date is equivalent to what 26,750,228 people would throw away on a daily basis. Design and Permitting Update Blocks 1B, 1E, 1F, 1G, 1J, 1H, 9A, 9B, 10, 12, 13A, 13B, 14B, 15, 18, and 19, Theater and Garage permits have been issued. Balance of Lot 1 (South mall) has been permitted. FDP 3 and DA 3 have been recorded with Larimer County. Parking Garage construction is well under way with an anticipated completion of September/October 2015. Block 13B (New Chico’s building) has received its TCO, and Chico’s and Jewelry Emporium are opened to the public. Tenant Improvements and Relocations There are also several Tenants who moved to temporary locations and Tenants who had storefront modification work done in order to accommodate the Asbestos Abatement Program and continuing mall renovation.  The Buckle: They opened in their new permanent location on 5/1/14.  Victoria Secret: They are currently in a temporary location, which opened 5/9/14.  Bath and Body Works: They opened in their temporary location 1/31/14.  GNC: They opened in their temporary location 5/9/14.  Hot Topic: They opened in their temporary location 4/25/14.  Zale’s: They opened in their temporary location 6/2/14. Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 3 Several tenants have pulled their Permits and are under construction in their future locations.  Victoria Secret  Finish Line  Bath & Body Costs The Total Cost to Date for the project is $140,645,975.40. Draw 11 in the amount of $1,885,207 was submitted 6/3/15 and approved 6/18/15, bringing the Total Metro District Reimbursed Cost to Date to $34,843,846 (See Exhibit 5, included herein). Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 4 Exhibit 1: Aerial Photos Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 5 Exhibit 2: Construction Progress Photos July 2, 2015: Block 19 July 2, 2015: Block 12 July 2, 2015: West Extension and Block 10 July 2, 2015: Theatre July 2, 2015: East Expansion July 2, 2015: East Lawn July 2, 2015: Macy’s Entrance July 2, 2015: FAC July 2, 2015: Grand Court July 2, 2015: South Expansion Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 6 Exhibit 3: Site Plan Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 7 Exhibit 4: Milestone Schedule *The Actual versus Projected Schedule Update will be included next month. Activity Name Start Finish Foothills Mall Expansion 15-May-14 A 14-Nov-16 Main Mall 15-May-14 A 19-Jan-16 E-W CONCOURSE & WEST EXPANSION START 16-Jun-14 A MALL INTERIOR RENOVATION SUBSTANTIALLY COMPLETE 20-Nov-15* Mall DCP 3C 05-Jan-15 A 13-Oct-15 MACY'S CONCOURSE START 05-Jan-15 A MACY'S CONCOURSE SUBSTANTIALLY COMPLETE 31-Oct-15 Mall DCP 3A 15-May-14 A 12-Dec-14 A NORTH CONCOURSE START 15-May-14 A SOUTH CONCOURSE START 30-Jun-14 A NORTH CONCOURSE SUBSTANTIALLY COMPLETE 26-Nov-14 A SOUTH CONCOURSE SUBSTANTIALLY COMPLETE 12-Dec-14 A South Expansion 03-Apr-15 A 19-Jan-16 START CONSTRUCTION - DCP 11 03-Apr-15 A START CONSTRUCTION - DCP 11B 01-May-15 A DCP 11B CERTIFICATE OF COMPLETION 06-Nov-15* DCP 11 CERTIFICATE OF COMPLETION 19-Jan-16* North College Shops 16-Dec-14 A 08-Mar-16 Block 12 (Nordstrom Rack) 16-Dec-14 A 01-Jun-15 A START CONSTRUCTION - BLK 12 16-Dec-14 A BLOCK 12 (nordstrom's rack) TENANT TURNOVER 01-Jun-15 A Block 13A 01-Jun-15 A 01-Jun-15 A BLOCK 13A C&S FC CERTIFICATE OF COMPLETION 01-Jun-15 A Block 13B (Chico's) 09-Mar-15 A 09-Mar-15 A BLOCK 13B C&S FC CERTIFICATE OF COMPLETION 09-Mar-15 A Block 19 (Ross) 26-Jan-15 A 27-Jul-15 START CONSTRUCTION - BLK 19 26-Jan-15 A BUILDING SUBSTANTIALLY COMPLETE - BLK 19 18-Jul-15* BLOCK 19 FINAL COMPLETION 27-Jul-15 Block 11 08-Mar-16 08-Mar-16 BLOCK 11 READY FOR TI 01-Mar-16* Block 18 01-Oct-15 01-Oct-15 BLOCK 18 C&S FC CERTIFICATE OF COMPLETION 01-Oct-15* South College Shops 12-Sep-14 A 14-Nov-16 Block 14A 14-Jun-16 14-Nov-16 BLOCK 14A - PAD READY 14-Jun-16 BLOCK 14A C&S FC CERTIFICATE OF COMPLETION 14-Nov-16 Block 14B 13-Apr-15 A 31-Oct-15 BLOCK 14B - PAD READY 13-Apr-15 A BLOCK 14B C&S FC CERTIFICATE OF COMPLETION 31-Oct-15* FOOTHILLS MALL MASTER SCHEDULE - 22-June-15 Project ID:167249.10-15.06.22 Layout:OWNER MILESTONE REPORT Data Date22-Jun-15 Run Date:08-Jul-15 Finish Date:14-Nov-16 Page 1 of 2 Activity Name Start Finish Block 15 02-Mar-15 A 18-Aug-15 BLOCK 15 - PAD READY 02-Mar-15 A BLOCK 15 C&S FC CERTIFICATE OF COMPLETION 18-Aug-15* Block 16 12-Sep-14 A 12-Sep-14 A BLOCK 16 SUBSTANTIALLY COMPLETE 12-Sep-14 A Block 17 08-Jul-15 08-Jul-15 BLOCK 17 - PAD READY 03-Aug-15 West Lawn Shops 30-Apr-15 A 08-Jan-16 Block 10 (CB & Potts) 30-Apr-15 A 11-Nov-15 START CONSTRUCTION - BLK 10 30-Apr-15 A BLOCK 10 (CB & Potts) C&S FC CERTIFICATE OF COMPLETION 11-Nov-15 Block 9A 16-Sep-15 08-Jan-16 START CONSTRUCTION - BLK 9A 16-Sep-15 BLOCK 9A C&S FC CERTIFICATE OF COMPLETION 08-Jan-16 Block 9B 31-Jul-15 18-Nov-15 START CONSTRUCTION - BLK 9B 01-Aug-15 BLOCK 9B C&S FC CERTIFICATE OF COMPLETION 18-Nov-15 East Lawn Shops 09-Mar-15 A 04-Dec-15 Block 1E/1F 20-Apr-15 A 04-Dec-15 START CONSTRUCTION - BLK 1E/1F 20-Apr-15 A BLOCK 1E/1F READY FOR TI 21-Oct-15 BLOCK 1E/1F C&S FC CERTIFICATE OF COMPLETION 16-Dec-15 Block 1G 11-Mar-15 A 18-Sep-15 START CONSTRUCTION - BLK 1G 11-Mar-15 A BLOCK 1G READY FOR TI 24-Aug-15* BLOCK 1G C&S FC CERTIFICATE OF COMPLETION 17-Sep-15 Block 1H 09-Mar-15 A 01-Sep-15 START CONSTRUCTION - BLK 1H 09-Mar-15 A BLOCK 1H READY FOR TI 03-Aug-15* BLOCK 1H C&S FC CERTIFICATE OF COMPLETION 09-Sep-15 Block 1J 16-Mar-15 A 08-Sep-15 START CONSTRUCTION - BLK 1J 16-Mar-15 A BLOCK 1J READY FOR TI 03-Aug-15* BLOCK 1J C&S FC CERTIFICATE OF COMPLETION 20-Sep-15 Parking Garage 16-Oct-15 16-Oct-15 PARKING GARAGE SUBSTANTIALLY COMPLETE - BLK 8 20-Sep-15* Theater 31-Aug-15 30-Oct-15 THEATER C&S FC CERTIFICATE OF COMPLETION 31-Aug-15* THEATER GRAND OPENING 30-Oct-15* FAC 16-Nov-15 16-Nov-15 FAC C&S FC CERTIFICATE OF COMPLETION 16-Nov-15* Project ID:167249.10-15.06.22 Layout:OWNER MILESTONE REPORT Data Date22-Jun-15 Run Date:08-Jul-15 Finish Date:14-Nov-16 Page 2 of 2 Foothills MONTHLY REPORT Ft. Collins, CO June 2015 page 8 Exhibit 5: Metro District Draw Summary Table 1 Public Improvement Spend Status Foothills Mall Redevelopment Jun-15 Eligible Improvements Budget Per 2nd Amend Transfer Revised Budget Spent Reimbursed as of June - 15 Balance Land Acquisition $ 5,500,000 $ - $ 5,500,000 $ 5,500,000 $ 5,500,000 $ - Parking Structure $ 11,293,999 $ - $ 11,293,999 $ 8,647,007 $ 8,647,007 $ 2,646,992 Demolition/Abatement $ 2,453,030 $ - $ 2,453,030 $ 2,330,379 $ 2,330,379 $ 122,652 Furniture, Fixture, & Amenities $ 2,737,101 $ - $ 2,737,101 $ 1,136,508 $ 1,136,508 $ 1,600,593 Foothills Activity Center $ 4,800,000 $ - $ 4,800,000 $ 1,187,695 $ 1,187,695 $ 3,612,305 Pedestrian Crossing / Culvert $ 3,000,000 $ - $ 3,000,000 $ 1,396,540 $ 1,396,540 $ 1,603,460 Relocation of Larimer Canal No. 2 $ 3,067,964 $ - $ 3,067,964 $ 2,882,475 $ 2,882,475 $ 185,489 Site Work $ 11,773,480 $ - $ 11,773,480 $ 4,223,820 $ 4,223,820 $ 7,549,660 Utilities $ 5,444,951 $ - $ 5,444,951 $ 4,910,323 $ 4,910,323 $ 534,628 Soft Costs $ 2,929,475 $ - $ 2,929,475 $ 2,629,100 $ 2,629,100 $ 300,375 Total $ 53,000,000 $ - $ 53,000,000 $ 34,843,846 $ 34,843,846 $ 18,156,153 Source: City of Fort Collins; Walton Foothills Holdings IV, LLC Note: Draw 11 and Cost through 06/30/15 Materials/Destination Tons Concrete 22,498.6 Alpine 2,217.0 Barker Construction 11,275.6 Bivens 37.1 City of Fort Collins 1,011.5 J-2 Contracting Company 18.9 Jake Kauffman & Sons 203.9 Larimer County Landfill 1,840.1 Milliken 286.0 Connell Resources 5,095.7 Rocky Mountain Recycling 3.1 American Demo Yard 74.2 ADI 408.1 Barker Construction 92.8 Metal 2,461.9 Barker Construction 198.5 CO Iron & Metal 927.6 Milliken 24.0 Connell Resources 340.2 Rocky Mountain Recycling 757.5 Aragon 257.4 Trash 22,858.3 Larimer County Landfill 21,298.5 Buffalo Ridge Landfill 11.0 Weld County Landfill 1503.9 Rocky Mountain Recycling 17.0 BFI Landfill 25.2 Wood 1,264.9 Alpine 771.4 Hageman's Earthcycle 324.0 Milliken 168.0 Ryan Baldwin 21.6 Stored On-site 0.4 Jordans Tree Service 3.5 Cardboard 58.4 Larimer County Recycle Center 58.4 Drywall 66.2 Weld County Recycle Center 66.2 Asphalt 14,146.7 ARS companies 2,857.2 Barker Construction 1,556.4 Foothills Mall Waste Diversion Report Diversion Rate of Concrete, Rock, Asphalt, Dirt, Bricks, & Metal: 100% Overall Waste Diversion through April 2015 Waste Diversion Summary Overall Waste Diversion Rate¥: 72% Total Waste Diverted (tons): 58,089 Total Trash ¥¥ (tons): 22,858 ¥¥¥ Numbers may vary slighting due to rounding. ¥¥ In these reports, "trash" is referring to the waste materials that were landfilled. ¥ See appendix for a more detailed breakdown of waste diversion Concrete 27.79% Metal 3.04% City of Fort Collins 4,433.1 Stored On-site 3356.7 Connell Resources 2,304.6 Dirt 17,592.1 Barker Construction 10,696.2 City of Fort Collins 3,959.9 Larimer County Landfill 41.9 New Res. Dev on Zeigler & Drake 2,892.0 Rocky Mountain Recycling 2.2 Grand Total 80,947.1 ¥¥ Asbestos fibers can be crumbled, pulverized or powdered by hand pressure. If a friable ACM is damaged or disturbed it presents an inhalation risk because asbestos fibers are more easily released into the air ¥ Asbestos fibers are bound or locked into the product matrix, the fibers are not readily released Total Friable ACM¥¥ to date: 222 tons | Any materials that have been identified as Asbestos Containing Materials (ACM) during the abatement process are excluded from the waste diversion rates, per City of Fort Collins Waste Management Code & LEED certification standards. Total Non-Friable ACM¥ to date: 2371 tons | Any materials that have been identified as Asbestos Containing Materials (ACM) during the abatement process are excluded from the waste diversion rates, per City of Fort Collins Waste Management Code & LEED certification standards. 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 Waste by Month (Tons) Concrete Metal Trash Wood Cardboard Drywall Asphalt Dirt Institute for the Built Environment Page 2 of 3 Tons Tons Recyclables 58,088.83 "All Other" 1,389.48 Asphalt 14,146.74 Cardboard 58.40 Cardboard 58.40 Drywall 66.20 Concrete 22,498.64 Wood 1,264.88 Dirt 17,592.11 Trash 22,858.28 Drywall 66.20 Trash 22,858.28 Metal 2,461.86 Grand Total 24,247.77 Wood 1,264.88 Trash 22,858.28 Trash 22,858.28 Grand Total 80,947.11 Overall Diversion Rate 72% Tons Tons Recyclables 6,555.90 "All Other" 8.00 Asphalt 1,668.87 Cardboard 8.00 Cardboard 8.00 Trash 1,475.41 Concrete 1,482.56 Trash 1,475.41 Dirt 3,163.13 Grand Total 1,483.41 Metal 233.34 Trash 1,475.41 Trash 1,475.41 Grand Total 8,031.31 Overall Diversion Rate 82% Foothills Mall Waste Diversion Report Diversion of All Other Materials for Reporting Period - April 2015 Overall Diversion Rate for Project to Date¥ Overall Diversion Rate for Reporting Period - April 2015 ¥¥ Diversion of All Other Materials for Project to Date Appendix Summary of Project Diversion Rates ¥ Late March entries included ¥¥ Does not include late March entries Diversion of All Other Materials for Reporting Period 0.54% Diversion of All Other Materials for Project to Date 6% Institute for the Built Environment Page 3 of 3 Foothills - Ft. Collins, CO 7/10/2015 Pre-Leasing Summary Foothills Lease Status Summary Lease Status SF Captured Executed Leases 283,138 Working Leases 36,404 Executed LOIs 36,404 Executed Leases New to Fort Collins 157,928 Working Leases New to Fort Collins 36,404 FOOTHILLS REQUISITIONS Eligible Improvements Original Authorized Amount of Eligible Cost Re-Allocated Amount of Eligible Costs Re-Allocated Amount of Eligible Costs - June 2015 Requested Disbursement Amount Document Confirmation Requested Disbursement Amount Document Confirmation Requested Disbursement Amount Document Confirmation Requested Disbursement Amount Document Confirmation Total Amount Previously Disbursed (not including this requisition) Total Amount of Authorization Applied (inlcuding this requisition) Total Amount of Authorized Eligible Costs Remaining Draw #9 Draw #10 Draw #11 Draw #12 Apr. 2015 May-15 Jun-15 Jul-15 Land Acquisition $ 5,500,000 $ 5,500,000 $ 5,500,000 $ - $ - $ - $ - $ 5,500,000 $ 5,500,000 $ - Parking Structure $ 9,600,000 $ 11,293,999 $ 11,293,999 $ 1,244,340 Baker Concrete & Rocky Mount Pretress & Greiner Pay App and Lien Waiver $ 775,567 RK Mechanical & Rocky Mount Pretress & RK Specialties Pay App and Lien Waiver $ 741,141 RK Mechanical & Rocky Mount Pretress & RK Specialties Pay App and Lien Waiver $ 755,148 $ 8,647,006 $ 9,402,154 $ 1,891,845 Demolition/Abatement $ 3,900,000 $ 2,453,030 $ 2,453,030 $ - $ - $ - $ 122,652 $ 2,330,379 $ 2,453,031 $ (1) Furniture, Fixture & Amenities $ 1,400,000 $ 2,737,101 $ 2,737,101 $ 1,390 D&M Utility Services Pay App and Lien Waiver $ 129,074 IES Commercial Pay App and Lien Waiver $ 738,039 IES Commercial & Altitude Signs Pay App and Lien Waiver $ 98,231 $ 1,136,507 $ 1,234,738 $ 1,502,363 Foothills Activity Center $ 4,800,000 $ 4,800,000 $ 4,800,000 $ 219,855 Coloscapes & RK Specialties &Dons Masonry Pay App and Lien Waiver $ 198,051 Belair, Don's Masonry, Corporate Plumbing & RK Specialties &Dons Masonry Pay App and Lien Waiver $ 166,684 Don's Masonry & RK Specialties Pay App and Lien Waiver $ 216,497 $ 1,187,696 $ 1,404,193 $ 3,395,807 Pedestrian Crossing/Culvert $ 3,000,000 $ 3,000,000 $ 3,000,000 $ - $ - $ - $ - $ 1,396,540 $ 1,396,540 $ 1,603,460 Relocation of Larimer County Canal No. 2 $ 2,800,000 $ 3,067,964 $ 3,067,964 $ - $ - $ - $ - $ 2,882,476 $ 2,882,476 $ 185,488 Site Work Earthwork $ 2,300,000 $ 3,455,852 $ 4,805,852 $ 118,704 Belair Excavating Pays Apps and Lien Waivers $ - $ 761,972 Belair old invoices; billed after reallocation $ 3,283,095 $ 4,045,067 $ 760,785 Site Walls $ 700,000 $ 1,173,519 $ 543,519 $ 37,708 Coloscapes Pay App and Lien Waiver $ 80,899 Coloscapes Pay App and Lien Waiver $ 5,350 Coloscapes Pay App and Lien Waiver $ 77,843 Coloscapes pay app and lien waiver $ 178,579 $ 256,422 $ 287,097 Asphalt Paving $ 2,500,000 $ - $ - $ - $ - $ - $ - $ - Striping & Signage $ 300,000 $ 1,295,534 $ 195,534 $ - $ - $ - $ - $ 794 $ 794 $ 194,740 Curb & Gutter $ 500,000 $ - $ - $ - $ - $ - $ - $ - $ - Sidewalks $ 1,500,000 $ 1,331,717 $ 1,703,751 $ 30,901 Coloscapes Pay App and Lien Waiver $ 30,207 Belair & Coloscapes Pay App and Lien Waiver $ 4,490 Coloscapes Pay App and Lien Waiver $ 94,235 Coloscapes pay app and lien waiver $ 395,152 $ 489,387 $ 1,214,364 Landscaping/Irrigation $ 600,000 $ 3,600,000 $ 3,600,000 $ 32,678 Valley Crest Pay Apps and Lein Waiver $ 28,374 Valley Crest Pay Apps and Lein Waiver $ 152,808 Valley Crest Pay Apps and Lein Waiver $ 212,171 Valley Crest Pay Apps and Lein Waiver $ 272,150 $ 484,321 $ 3,115,679 East Lawn - Landscaping & Irrigation $ 2,100,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - East Lawn - Sidewalks/Hardscapes $ 300,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - West Lawn - Landscaping & Irrigation $ 900,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - West Lawn - Sidewalks/Hardscapes $ 100,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - Tree Salvage/Storage/Mainatenance Replant $ 300,000 $ 311,405 $ 91,405 $ - $ - $ - $ - $ - $ - $ 91,405 Off-Site Work Asphalt Patching $ 200,000 $ 239,101 $ 89,101 $ - $ - $ 1,874 Belair Excavating Pays Apps and Lien Waivers $ 14,936 Belair Excavating Pays Apps and Lien Waivers $ 1,874 $ 16,810 $ 72,291 Off-Site Work Signals.Right Turn Lanes $ 600,000 $ 366,352 $ 216,352 $ 10,789 Coloscapes Pay App and Lien Waiver $ 18,305 Beck Pay App and Lien Waiver $ - $ 500 Invoices $ 92,173 $ 92,673 $ 123,679 Utilities Sanitary Sewer $ 800,000 $ 769,405 $ 752,371 $ - $ 26,506 Belair Excavating Pays Apps and Lien Waivers $ 9,874 Belair Excavating Pays Apps and Lien Waivers $ 6,859 Belair Excavating Pays Apps and Lien Waivers $ 608,137 $ 614,996 $ 137,375 Storm Water $ 2,000,000 $ 2,825,305 $ 3,340,305 $ 54,934 Belair Excavating Pays Apps and Lien Waivers $ 18,894 Belair Excavating Pays Apps and Lien Waivers $ - $ 283,408 Belair Excavating Pays Apps and Lien Waivers $ 2,684,038 $ 2,967,446 $ 372,860 Water $ 1,000,000 $ 1,098,241 $ 1,098,241 $ - $ 37,333 Belair Excavating Pays Apps and Lien Waivers $ - $ 54,912 Belair Excavating Pays Apps and Lien Waivers $ 1,043,329 $ 1,098,241 $ - Fire Water $ 700,000 $ 752,000 $ 782,000 $ 26,870 Belair Excavating Pays Apps and Lien Waivers $ 128,114 Belair Excavating Pays Apps and Lien Waivers $ - $ (952) Belair Excavating Pays Apps and Lien Waivers $ 574,818 $ 573,866 $ 208,134 Subtotal Hard Costs $ 48,400,000 $ 50,070,525 $ 50,070,525 $ 1,778,169 $ 1,471,324 $ 1,820,260 $ 2,698,412 Soft Costs Parking Structure A&E $ 700,000 $ 569,875 $ 569,875 $ 11,035 Farnsworth Group Invoice and Pay App $ 441,150 JPRA Invoice and pay App $ 53,567 JPRA Invoice and pay App $ 7,242 Farnsworth Invoices $ 507,502 $ 514,744 $ 55,131 FAC A&E $ 300,000 $ 300,000 $ 300,000 $ 9,559 JPRA Invoice and pay App $ 296,941 JPRA Invoice and pay App $ 1,560 JPRA Invoice and pay App $ - $ 308,060 $ 308,060 $ (8,060) Engineering $ 1,300,000 $ 799,600 $ 799,600 $ 1,840 Kimley Horn Invoice Issued Check $ 264,132 JPRA Invoice and pay App $ - $ - $ 1,037,487 $ 1,037,487 $ (237,887) Environmental/Abatement Management $ 1,300,000 $ 510,000 $ 510,000 $ 11,954 Landmark Environmental Invoice and Pay App $ 177,529 Landmark Environmental Invoice and Pay App $ 9,820 Landmark Environmental Invoice and Pay App $ 8,140 Landmark Invoices $ 249,654 $ 257,794 $ 252,206 Materials Testing & Geotechnical $ 600,000 $ 350,000 $ 350,000 $ 17,331 FH Ground Engineering Invoice and Issued Check $ 19,960 FH Ground Engineering Invoice and Issued Check $ - $ 19,457 Ground Eng Invoices $ 243,806 $ 263,263 $ 86,737 Fort Collins URA $ 400,000 $ 400,000 $ 400,000 $ - $ 252,333 URA Invoice $ - $ - $ 282,595 $ 282,595 $ 117,405 Subtotal Soft Costs $ 4,600,000 $ 2,929,475 $ 2,929,475 $ 51,719 $ 1,452,045 $ 64,947 $ 34,839 TOTAL COSTS $ 53,000,000 $ 53,000,000 $ 53,000,000 $ 1,829,888 $ 2,923,369 $ 1,885,207 $ 2,733,251 $ 34,843,847 $ 37,577,098 $ 15,422,902 $ 1,670,525 Trash 28.24% Wood 1.56% Cardboard 0.07% Drywall 0.08% Asphalt 17.48% Dirt 21.73% Waste Material by Weight Institute for the Built Environment Page 1 of 3