Detailed Costs

Library Lease Proposal

Statedlease cost and maintenance costs are set forth below and are
based on Proposal "C" of Horner Developments Ltd.'s letter of June 26th, 1975

(attached):

5.

First Floor:

1,837 sq. ft.

Second Floor: 6,600 sq. ft.

“Stated lease cost!
Annually:

First Floor:
Second Floor:

8,437 sq. ft.

1,837 sq. ft.
6,600 sq. ft.

@ $6.14 =
$5.36 =

Therefore, average annual cost of lease per sq. ft. is: saoaek,

Estimated maintenance cost:

$5.53 -

(based on figures supplied by Horner Developments Ltd.)

Heating

Lighting & Air Conditioning
Janitorial (20 hrs/week)
Washroom supplies

Water

Garbage collection

Taxes (@ 90¢ sq.ft.)

Gross cost:

Lease .
Maintenance

‘Monthly

$ 90.00
120.00
371.00.
14.77
8.34
27.24
632.77

$ 1,264.12

Monthly
$ 3,887.50
$ 1,264.12

$5,151.62

Recoveries by City from Maintenance Cost;

Taxes (55% recovered;
45% to §.D.#43)
Water '
Parking (@ 17¢ sq.ft.)
and value of $300. per stall
"up front" payment

Recovery

Net Maintenance Cos: =

Net Cost:

Lease
Maintenance

Monthly

$ 348.02
8.34
119.52

112.50

$ 588.38
675.74

Monthly
$3,887.50
$ 675.74

$4,563.24

Annual

$ 1,080.00
1,440.00
4,452.00

177.24
100.08
326.88

7,593.24
$ 15,169.44

Annual

$ 46,650.00

$ 61,819.44

Annual

$ 4,176.24
100.08
1,434.24
__ 1,350.00
$ 7,060.56

8,108.88

Annual

$46,650.00
$ 8,108.88

$54,758.88

$11,274.00

35,376.00
$46,650.00