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01/30/1984 Report i CITY OF TIGARD, OREGON January 30, 1984 SPACE NEEDS III REVIEW COMMITTEE REPORT I. Summary II. S to 20 Year Scenarios III. 10 to 20 Year Scenarios IV. Minutes of Meetings V. Attachments and Information s I SUMMARY o Charge o Review o Findings o Recommendations o Charts CITY OF TIGARD, OREGON January 30, 1984 SPACE NEEDS III REVIEW COMMITTEE SUMMARY A. Charge: By City Council action on November 21, 1983, the Tigard Library Board was appointed to be the Space Needs Review Committee and to "review all information to date as well as be free to consider new information." "The Space Needs Review Committee shall consider: rental, library bond and rental, build-to-suit lease purchase, and Civic Center bond options." (Minutes of City Council meeting, 11/21/83. ) B. Review: Preliminary proposals were received December 8-19, 1983 and categorized as: I - rental only, for all city departments; II - library bond, rental for police and administration; III - build-to-suit, lease or lease purchase; IV - bond election; V - other proposals not fitting the preceding categories. The proposals (13) which were received are as follows: Proposal Location Acreage Category I. Sturgis 13055 S.W. Hall 4.8 III/IV 2. Sorg 12568 Main St. Unknown V 3. Davis 8973 S.W. Burnham 1.42 V 4. Sundeleaf City Property Burnham/Ash 3.72 IV 5. Air King Burnham/Ash 2 + 1 III 6. Weigel Crow/Build-to-suit 4 (2.5 usable) III 7. Bishop Crow/Bond Remodel 4 (2.5 usable) IV 8. Wyffels GTE/Rent/Lease Build Library .92 + lots II 9. Maksym 14750 S.W. 72nd 2.94 IV 10. Moellman 9960 S.W. Walnut .22 V 11. Tarbell 9735 Shady Lane ? II 12. Gardner Williams G.T.E./8205 S.W. Hunziker .92 II 13. Ruff 9025 S.W. Burnham .39 V Copies of each proposal worksheet summary are in "Additional Attachments." The original 13 proposals were reviewed separately or in combination with other proposals in an attempt to find all possible options and to place all complete proposals on an equal comparison, i.e. space, longevity, cost. Seven proposals emerged from the original list. They were reviewed and put into a comparable analysis by Saul Zaik, Architect, using common cost factors. These costs were given a financial evaluation by Foster and Marshall. A further evaluation by Foster and Marshall was made when an 8th proposal emerged, "Ash/Burnham" site. A further review of these proposals resulted in additional eliminations. Ash/Burnham was eliminated because of physical constraints; 72nd site was eliminated because of location; the Crow/Weigel proposal was a more expensive duplicate of the Crow/Bishop. Though the 72nd proposal was eliminated as a site -for police, city hall and public works, it was retained as a possible public works site under the Sundeleaf proposal which would build city hall, police and the library on the present public works site. Of the remaining five properties (Sturgis, Air King, Sundeleaf, Crow and GTE) a subjective analysis was conducted, weighing such factors as location, enhancement of community spirit, cultural qualities, efficiency, and longevity. (This assessment form is in Section V of report. ) Cost was not part of the analysis. On this basis the proposals rated as follows: 1. Sturgis - 57.4 2. Air King - 54.8 3. Sundeleaf - 51.8 4. Crow-Bishop - 47.4 5. GTE - 26.8 At the final meeting the Committee chose sites in four different categories. That listing is below in paragraph D. C. Findings: After 6 public meetings and a tour of the sites presented for consideration, the Committee has formulated some findings which should be helpful in any final evaluation. These findings concern location, availability of land, costs, public property taxes and pubic input. 1. Location: All of the sites listed as recommendations in Section D of this summary are located near the Main Street area which is recognized as the "center" of Tigard. Location was primary concern in Space Needs I and II. Location was a primary factor in this Committee's consideration fo siting for a central facility for city services. Another factor in location was nearness to the planned Fanno Creek park area. The Committee weighted this factor rather heavily. Two o the sites would satisfy this aesthetic consideration. 2. Availability of Land: The Committee was gratified to realize that there is land available in the preferred central location and that most of it is reasonable. Some is already owned by the City. Adequacy and/or expansion was a factor which the Committee weighted very heavily and several of the sites provide this option. Expansion was a frequent topic of discussion in that the initial amount of frontage to be programmed could be modest enough to answer immediate needs, but good planning would provide for future needs as inexpensively and with as little disruption as possible. 3. Costs: The sites recommended fall within a close range cost-wise. The figures used for comparison do not reflect actual costs. That would be determined in a bidding process. However, the financial analyses, using the common cost factors, revealed that renting, whether it is for all or only some departments, is the most expensive long-term option. The least expensive long-term option is the remodel program. All programs offer similar short-term costs. How much of a project is programmed initially will directly affect the long-range costs. The more that is programmed up front, the lower the long-range cost and the higher the initial cost. 4. Property Taxes: Most of the options considered require two bonding phases. Some require rental at the beginning only; one would require rental and bonding. The average tax rate over 25 years ranges from 0. 13 cents per thousand to 0.20. These numbers, too, are part of the common analysis, not true costs. The rental options fall at the higher end again. The lowest rate is for the remodel, in that the programming is all at the beginning of the project. 5. Public Input: Inasmuch as the City Council indicated that it wanted as much participation s possible, the Committee requested and listened to citizens who wished to express their concerns. These concerns are recorded in some detail in the minutes and also were taped. These concerns can be summarized as: recognition of the City's need for space, particularly police and library; concern for costs, long-term and short-term; a desire for something Tigard can take pride in but is not ostentatious. They are concerned with good planning for future needs as well as immediate needs. To conclude: there is a real need for more space for city facilities; there are central locations available; there are a variety of options with different aesthetic features; there are a variety of funding options. the Committee hopes that the report will give City Council the information it requested and expected. D. Recommendations: Based on all information submitted and discussed, the Board offers the following proposals as possible solutions to the City's space needs. 1. Rental/Bond - GTE/Davis/Tarkanian 2. Remodel - Crow 3. New build (ranked by the Committee as aesthetically desirable) - a. Sturgis, b. Sundeleaf, c. Air King 4. Lease/Build-to-suit - a. Sturgis, b. Air King The first three categories are all bond proposals, in part or in whole. The latter is an all rental, on which both Sturgis and Air King have indicated their willingness to consider a lease option. SPACE NEEDS Iff. REPORT FINAL OPTIONS COST COMPAR1 SONS SHORT -TERM (5=1) AND WNG TERM { T) Co5T5 i1 10 v� 9 _0 8 J 7 J 5 lbt� y 3 ° Z00 0 0 ° ° no,0181 00 0 00 DOC ° 00 0 00 DOC DOC "' °° ° °° °OU0 0A RENTAL+ CROW STURG6 SUNDE- At R ONLY LIBRARY REMODEL BOND LEAF KI N G BOND BOND BOND BOND 6-YEAR AVERAGE TAX RATE 25 15� UJ w C RENTAL RENTAL+ CROW STU RG6 5UNDE- A I R ONLY LIBRARY REMODEL. BOND LEAF KING BOND BOND BOND BOND 2 MI LL I ON BUYS ? 50,000 so,00, %000 4010« W ti 2,000 20,oc 004 � QJ 10,000 f"' IUr4C U) aG MI R E NTA L MwTAL+ CROW MR KIWv ON Lam( Lt SM REMODEL BOND BMD BWO BOND Bot10 20.661 sQ•FT 20,445 so-Fr.. 33Ai5 SQ-FT- 22,825 %FT. 20,595 SOFT. 25,803 SQ.FT. # OV R tO YEARS . . • PER ZAIWS $ . . . II S TO 20 YEAR SCENARIOS o Costs o Financial Analysis ZA11 / NAILLLP\ A'.11K1�,-,% I`tSl1IUl1 UI AKUi1TICIS January 9, 1984 TIGARD CIVIC CENTER PROPOSALS (Revised Jan. 10, 1984) 1 . ASH ST. 1984 - purchase 1 acre 152, 000 build *23, 000 s.f. 1, 412, 614 1989 - build *23, 000 s.f. 1,412, 614 $2, 977, 228 2. SUNDELEAF 1984 - purchase 100'x100' 35, 000 build *23, 000 s.f. 1,412, 614 1, 447, 614 1989 - build *23, 000 s.f. 1, 412, 614 purchase new public works site (assumed 700, 000 price) 2, 112, 614 $3, 560, 228 3. AIR KING SITE - R.A. GRAY 1984 - purchase 3 acres 455, 177 build *23, 000 s.f. 1,412, 614 1, 867, 791 1989 build *23, 000 s.f. 1, 412, 614 $3, 280,405 4. GTE BUILDING - RENTAL ( 12, 650 s.f. ) 1984 - purchase Ruff/Davis prop. 1 .8 acre 353, 000 build 10, 350 s.f. 594, 090 prof. fees 41 , 676 sell Police Dept site ( 70, 000 ) purchase 1 acre (AirK) 152, 000 1, 070, 766 1989 - build *23, 000 s.f. 1, 412, 614 rent accrual 480, 000 build 12, 650 s.f. 777, 693 purchase 1 acre 152, 000 remodel contingency 100, 000 2, 922, 307 $3, 993, 073 5. 72ND AVENUE 1984 - purchase site 700, 000 remodel 12, 000 s.f. 462, 000 building addition 16, 000 sf 918, 400 prof, fees 96, 628 Purch. Davis Prop 1 . 4a. 235, 000 sell public works ( 457, 380 ) build 18, 000 s.f. Iib. 1 , 033, 200 prof. fees 72, 324 sell Police site ( 70, 000 ) 2, 990, 172 $2, 990, 172 6. STURGIS 1984 - purchase 3 ac @ 4. 50 588, 060 build *23, 000 s.f. 1, 412, 614 2, 000, 614 1989 - build *23, 000 s.f. 1 , 412, 614 $3, 413, 288 7. CROW OPTION - BISHOP/WEIGEL LEASE BACK 1984 - remodel 27, 000 s.f. 1, 039, 500 purchase prop. 1 , 000, 000 prof. fees 72, 765 2, 112, 265 1989 - add mezzanines 12, 200 s.f. 469, 700 prof. fees 32, 844 502, 544 $2, 614, 809 *23, 000 s.f. - $1, 412, 614 includes exterior development landscaping and professional fees NOTE : Land values assemed @ $3. 50/s.f. New construction costs assumed @ $55/s.f. Alterations, remodeling @ $38. 50/s'.f. ZA11 x t kG_•,r, INS UltII1 OI AK:-IillICIS January 9, 1984• TIGARD CIVIC CENTER PROPOSALS 1 . ASH ST. 1984 - purchase 1 acre $152, 000 build *23, 000 s.f. 1 , 412, 614 1, 564, 614 1989 - build * 23, 000 s.f. 1, 412, 614 $2, 977, 228 2. SUNDELEAF/?,- `Y 1984 - purchase 100'x100' 35, 000 build * 23, 000 s.f. 1, 412, 614 1, 447. 614 1989 - build *23,000 s.f. 1, 412,614 purchase new public 700, 000 works site (assumed 2, 112, 614 $3, 560, 228 price) 3. AIR KING SITE R.A.GRAY 1984 - purchase 3 acres 455, 177 build *23,000 s.f. 1, 412, 614 1, 867, 791 1989 build * 23, 000 s.f. 1, 412, 614 $3, 280, 40S 4. GTE BUILDING - RENTAL ( 12, 650 s.f. ) 1984 - purchase Ruff/Davis prop. 353, 000 build 10, 350 s.f. 594, 090 prof. fees. 41 , 676 sell Police Dept site ( 70, 000 ) purchase 1 acre (AirK) 152, 000 1, 070, 766 1989 - build *23, 000 s.f. 1,412, 614 rent accrual 480, 000 1, 892, 614 $2, 963, 380 5. 72ND AVENUE 1984 - purchase site 700, 000 remodel 12, 000s.f. 462, 000 building addition 918, 400 prof. fees 96, 628 1 .4 ac purch. Davis prop 235, 000 sell public works (457, 380 ) build 18, 000 sf library 1, 033, 200 prof. fees 72, 324 3, 060, 172 $3, 060, 172 6. STURGIS 1984 - purchase 3 acr @ 4. 50 588, 060 build *23, 000 s.f. 1, 412, 614 2, 000, 614 1989 - build *23, 000 s.f. 1, 412, 614 $3, 413, 288 7. CROW OPTION - BISHOP/WEIGEL LEASE BACK 1984 - remodel 27, 000 s. f. 1 , 039, 500 - purchase prop. 1 , 000, 000 - prof. fees 72, 7_65 2, 112, 265 1989 - add mezzanines 12, 200 s.f. 469, 700 prof. fees 32, 844 502, 544 $2, 614, 809 *23, 000 s.f. - $1 , 412, 614 includes exterior development, landscaping and professional fees NOTE : Land values assumed $3. 50/s.f. New construction costs assumed $55/s.f. Alterations, remodeling @ $38. 50/s. f. Y T Foster & Marshall/American Express Inc. Division of Shearson/American Express INVESTMENT BANKERS AND BROKERS 4800 S.W. Macadam Avenue, Suite 309 • Portland, Oregon 97201-3980 • (503)241-7243 f FINANCIAL ANALYSIS OF CIVIC CENTER OPTIONS FOR THE CITY OF TIGARD The City engaged Ms. Rebecca Marshall and Mr. Eric Johansen of Foster and Marshall/American Express to perform a preliminary financial impact analysis on the following financing options: 1. Sundeleaf - Bond both Phases 2. Air King Site - Rent phase 1, then Bond Phase 2 3. Air King Site - Bond both Phases 4. GTE Building - Rental Phase 1, Bond Phase 2 5. Sturgis - Bond both Phases 6. Crow Site A - Bond both Phases; collect rental income and use to lower cost of Phase 2 by $150,000 7. Crow Site B - Bond Phase 1; finance Phase 2 from rental income 8. Weizel/Crow Site - Rental Phase 1 and Bond Phase 2 9. 72nd Avenue - Bond all in Phase 1 10. Rent as Needed Phase 1 is the 1984-1988 financing period; Phase 2 is the 1989-2009 financing period. Bonding was assumed to be General Obligation Bonds only. All but Phase 2 of Crow A were 20 year terms at 10% interest. Crow A Phase 2 was 15 years at 9.5% interest. All calculations are preliminary and intended to provide rough comparisons only. No refinements, such as earnings on bond proceeds are included here. When the options have been narrowed down, a closer look should be made. Member of all principal security,option and commodity exchanges Offices in the principal cities of the Pacific Northwest and Alaska. Affiliate offices throughout the U.S. Y Foster & Marshall/American Express Inc. D—siun of Sne;u SonlAmrncan E<press INVESTMENT BANKERS AND BROKERS 4800 S.W. Macadam Avenue, Suite 309 • Portland, Oregon 97201-3980 • (503) 241-7243 The tables which follow include: (1) Issue Sizing - Provides the bond amounts calculated from the architect's cost estimate plus other sale related costs. (2) Crow Site Rental Sinking Fund - Shows the collection and investment of rental income for the available space at the Crow Site during Phase 1. (3) Computer Tables - Financial Analysis of the first 9 options. (4) Rent as Needed - Rental costs as estimated by the City. (5) Summary Table - Provides a comparative summary of the financial analysis. Member of all principal security,option and commodity exchanges Offices in the principal cities of the Pacific Northwest and Alaska. Affiliate offices throughout the U.S ISSUE SIZING (in $000) Total Construction Inflation Sale (Rounded to or Site at 5% Costs Registration Discount nearest $5,000) (2�) Sundeleaf (1) $1,447 .6 - 20 20 30 $1,520 (2) 2,112.6 2,696 30 20 54 2,800 Air King (A) 3,280.4 4 .198 30 20 65 4,300 (B) (1) 1,867 .8 - 20 20 35 1,945 (2) 1,412.6 1,803 20 20 30 1,875 GTE (1) 1,070.8 - 20 20 20 1,130 (2) 2,922.3 3, 730 30 20 70 3,850 72nd Ave. 2,990.2 - 30 20 60 3,100 Sturgi's (1) 2,000.6 - 30 20 40 2,090 (2) 1,412.6 1,803 20 20 30 1,875 Crow (A) (1) 2,112.3 - 30 20 54 2,220 (2) 353 450 20 10 10 490 (B) 2,614 .8 3,337 30 20 65 3,450 Y + CROW SITE - RENTAL SINKING FUND Rental Earnings Balance Year Income At 8% End of Year 1984 14,250 0 14,250 1985 28,900 1,140 44,290 1986 28,900 3,543 76,733 1987 28,900 6,138 111,771 1988 28,900 8,942 149,612 K r CITY OF TIGARC SUNDELEAF (ALL NUMBERS IN 1HOUSANUS) DISCOUNT RATE FOR PRESENT VALUE= 7 YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $11'/ s0 $45 $222 $0 $222 $222 $115,325 $0.29 1985 $180 $0 $0 $180 $0 1180 1168 $852,858 $0.21 1986 $177 $0 s0 $177 $0 $177 $154 $938.143 $0.19 1987 $119 $0 $0 $179 $0 1179 $146 $1,031,960 $0.17 1988 $180 s0 s0 $180 $0 $180 $137 41,135,150 $0.16 SUBTOTALS $892 $45 $0 W l 3 1989 $181 $330 s0 $511 s0 $511 $364 $1,248,670 $0.41 1990 $177 $330 $D $507 $0 $507 $338 $1,373,540 $0.37 1991 $177 $330 s0 $507 s0 $507 $315 $1.510,890 $0.34 1992 $177 $329 $0 $506 $0 $506 $294 11,661,980 $0.30 1993 $182 $327 $0 5509 $0 $509 $277 $1.828,180 $0.28 1994 $180 $330 $0 $510 $0 $510 $259 $1,965,290 $0.26 1995 $178 $327 s0 $505 f0 $505 $240 $2,112.690 $0.24 1996 $181 $329 $0 $509 $0 $509 $226 $2,271,140 10.22 1997 $177 $329 s0 $506 $0 $506 $210 $2,441,470 $0.21 1998 $118 $329 $0 $507 s0 $507 $196 $2,624.580 $0.19 1999 $178 $327 s0 $505 s0 $505 $183 $2,821,430 $0.18 2000 $117 $330 $0 $507 $0 $507 $112 $3,033,040 $0.17 2001 $180 $331 s0 $511 $0 $511 $162 $3,260.510 $0.16 2002 $182 $330 $0 $512 $0 $512 $151 $3,505,050 $0.15 2003 $182 5328 s0 $510 $0 $510 $141 $3,761,930 $0.14 2004 $0 i330 $0 $330 s0 $330 $85 $4,050.530 $0.08 2005 s0 $329 s0 $329 s0 5329 $79 $4.354,320 $0.08 2006 $0 $527 $0 $327 $0 1527 $74 $4,680,89U su.07 ml $0 $327 $0 $327 $0 $321 $69 $5.031,960 $0.06 2008 so $SS0 $U i350 $0 $330 $65 $5,409,350 $0.06 2009 $0 $0 s0 $0 s0 0 s0 $5.815,050 $0.00 TOTALS $3,5/6 $6,575 $45 $10.196 $0 $10,196 $4,727 1-YEAk REPRESENTS FIRST YEAR OF F15CAL YEAR. IE.,1984 15 1984/85. 2-PHASE i ISSUED JUNE 1984 WITH TOTAL PRINCIPAL 51.520.000 AT A RATE OF 10.000X 3-PHASE 2 ISSUED JUNE 1989 WITH TUTAL PRINCIPAL $2.800.000 AT A RATE OF 10.000% 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS, THEN INCREASED BY 7.5001 w ✓ .1 1 Y LjF. 1 1.UjHFiU H 1 K T:.1 NL-) -- `JtK.:1.111') A KEN 1 1 HLIV b0l`4U (ALL NUMBERS 1N THOUSANDS) DISCOUNT RAPE FUR PRESENI VALUE= 1 Y YEAR-1 ANNUAL US-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1.984 s0 s0 $145 $145 $0 $145 $145 $715.325 $0.1° 1985 $0 $0 $200 $200 $0 $200 $187 $852,858 $0.23 1986 $0 $0 $200 5200 s0 $200 $175 $938,143 $0.21 1987 s0 $0 $200 $200 $0 $200 $163 $1,031060 $0.19 1988 $0 $0 $200 $200 s0 $200 $153 $1,135,150 $0.18 SUBTOTALS s0 $945 $0 st �4 1989 $0 $505 $0 $505 $0 $505 $360 $1.248,670 $0.40 1990 s0 $507 $0 $507 $0 $507 $338 $1,373,540 $0.37 1991 $0 $504 $0 $504 $0 $504 $314 $1,510,690 $0.33 1992 $0 $505 $0 $505 $0 $505 $294 $1,661,980 $0.30 1993 s0 $505 $0 $505 $0 $505 $275 $1.828.180 $0.28 1994 $0 $504 $0 $504 $0 $504 $256 $1,965,290 $0.26 1995 s0 $507 $0 $507 $0 $507 $241 $2,112,690 $0.24 1996 $0 $504 $0 $504 s0 $504 $224 $2,211,140 $0.22 1997 $0 $504 s0 $504 $0 $504 $209 $2,441.470 $0.21 1998 $0 $503 $0 $503 s0 $503 $195 $2,624,580 $U.19 1999 s0 $506 $0 $506 $0 $506 $183 $2.821,430 $0.18 2000 $0 $506 $0 $506 $0 $506 $171 $3,033,040 $0.17 2001 s0 $505 $0 $505 $0 5505 $160 $3.260,510 $0.15 2002 $0 $506 $0 $506 s0 $506 $150 $3,505,050 10.14 2003 $0 $505 $0 $505 s0 $505 $140 $3.767,930 $0.13 2004 sD $506 $0 $506 $0 $506 $131 $4.050,530 $0.12 2005 $0 $505 $0 $505 s0 $505 $122 $4,354,320 $0.12 2006 $0 $505 $0 $505 $0 $505 $114 $4,680,890 $0.11 2007 $0 $502 $0 $502 $0 $502 $106 $5.031,960 $0.10 2008 $0 M6 $0 $506 $0 $506 $100 $5,409,350 $0.09 TOTALS s0 $10.100 $945 $11,045 $0 $11,045 $4,904 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-PHA5E 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL �!**BOOP AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $4,300.000 Al A RATE OF 10.000% 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS, THEN INCREASED BY 7.500% v ✓ L'1 I Y u l- F i_��-11 11_ Vt_Fti:i 1 UN b: b0fNl) 130TH F FIA JE:� (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DISCUUNT RAFE FOR PRESENT VALUE= 7 X YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $234 s0 $45 $279 $0 $279 $279 $775.325 $0.36 1985 $236 s0 $0 $236 $0 $236 $221 $852,858 $0.28 1986 $237 $0 s0 $237 $0 $237 $201 $938.143 $0.25 1987 $233 $0 $0 $233 $0 %233 $190 $1,031.960 $0.2:. 1988 $233 $0 $0 $233 $0 $233 $178 $1.135.150 $0.21 SUBTOTALS $1.113 $45 $0 Wt l/8 1989 $233 s217 10 $450 $0 $450 $321 $1.248,670 $0.36 1990 $132 $220 $0 $452 $0 1452 $301 i1,373.540 $0.33 1991 $236 $221 s0 $457 $0 $457 $285 $1.510,890 $0.30 1992 $2S4 $222 s0 $456 $0 1456 $265 $14661.980 $0.27 1993 $232 $'122 $0 $454 $0 $454 $247 $1,828.180 $0.25 1994 $134 $117 $0 $451 $0 $451 $229 $1,965,290 $0.213 1995 $23J $222 $0 $457 $0 $457 $217 $2.112,690 $0.22 1996 $265 $221 $0 $456 $0 $456 $202 $2,271,140 $0.20 199i $234 $220 $0 $454 $0 $454 $188 $2,441,470 $0.19 1998 $232 $218 $0 $450 $0 $450 6175 12,624,580 $0.17 1999 $234 $220 s0 $454 $0 $454 $165 $2.821,430 $0.16 2000 $134 $222 $0 $456 $0 $456 $154 $3,033,040 $0.15 2001 $233 $222 SO $455 $0 $455 $144 $3,260,510 $0.14 2002 $236 $222 s0 $458 $0 s458 $136 $3,505,050 $0.13 2003 $236 $220 s0 $456 $0 $456 $126 $3,767,930 $0.12 2004 $u $218 s0 $218 $0 $218 $56 $4,050,530 $0.05 2005 $0 $219 $0 $219 $0 1219 $53 $4,354,320 $0.05 2006 s0 $219 $0 $219 $0 $219 $49 $4,680,890 $0.05 2001 $0 $218 $0 $21B $0 $218 $46 $5,031,960 $0.04 2008 $0 $220 $0 $220 $0 $220 $43 $5,409,350 $0.04 TOTALS $4.683 $4.400 $45 $9,128 s0 $9,128 $4,478 i-YtAK REPRESENTS FIRST YEAR OF FISCAL YEAR, IE..1984 IS 1984185. 2-PHASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $1,945.000 AT A RATE OF 10.0001 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $1,875.000 AT A RATE OF 10.000% 3-INCREASED AV BY 10.00014 FOR FIRST 10 YEARS. THEN INCREASED BY 7.5001 Y GTN b: J I LU I IVL REN'l AL (ALL NUMBERS 1N THOUSANDS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 Y YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE i PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $133 $0 $96 $2149 $0 $229 $229 s775.325 $0.310 1981 $131 50 $96 $227 $0 $227 $212 $852.858 $0.217 1986 $134 s0 $96 $230 $0 $230 $201 $938,143 $0.25 1987 x151 s0 $96 $227 $0 $227 $185 $1.031.960 s0.'22 1988 $134 $0 06 $230 s0 $230 $175 $1.135.150 $0.20 SUBfUfALS $661 $480 $0 1989 $131 $450 $0 $581 $0 $581 $414 $1.248.670 $0.47 1990 $133 $453 $0 $586 $0 s586 $390 $1.373.540 $0.43 1991 $134 $451 $0 $585 $0 $585 $364 $1.510,890 $0.39 1992 $135 $453 $0 $588 $0 $588 $342 $1,661,980 $0.35 1993 $131 $454 $0 $585 s0 $585 $318 $1,8289180 $0.32 1994 $131 $454 $0 $585 $0 $585 $297 $1,965,290 $0.30 1995 $131 $453 $0 $584 s0 $584 $277 $2,112,690 $0.28 1996 $131 $451 $0 $582 $0 $582 $258 $2,271,140 10.26 1997 $135 $453 s0 $588 $0 $588 $244 $2.441,470 $0.24 1998 $133 $453 $0 $586 $0 $586 $227 12,624,580 $0.22 1999 $135 $452 $0 $587 $0 $587 $213 $2,821,430 $0.21 2000 $132 $450 $0 $582 $0 $582 $197 $3,033,040 $0.19 2001 $133 $451 $0 $584 $0 $564 $185 $3,260,510 $0.18 2002 $133 $450 s0 $583 $0 $583 $172 $3,505,050 $0.17 2003 $132 $452 SO $584 $0 $584 $161 $3,767,930 $0.15 2004 $0 $451 $0 $451 $0 $451 $117 $4,050,530 $0.11 2005 $0 $453 s0 $453 s0 $453 $109 $4,354,320 $0.10 2006 s0 $452 s0 $452 $0 $452 $102 $4,680,890 $0.10 2007 $0 $453 s0 $453 $0 $453 $96 $5.031.960 $0.09 2008 $0 $451 $0 $451 $0 $451 $89 15,409,350 $0.08 TOTALS $2.653 s9,040 $480 $12,173 s0 $12,173 $5,578 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-PHASE I ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $1,130.000 AT A RATE OF 10.0001 3-PHASE 2 ISSUED JUNE 1989 411H TOTAL PRINCIPAL $3,d5U,000 Af A RAPE OF 10.000X 3-INCREASED AV HY 10.0001 FUR FIRST 10 YEARS, THEN INCREASED BY 7.5001 y m t;1 I-Y I.)!- 1 Ll_��=il:L) T L1t�h 1 c_ (ALL NUMBERS IN THOUSANDS EXCEPT iAX RATE) UISCUUNI RATE tUR PRESENI VALUE= 7 1 YEAR-1 ANNUAL VS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE i PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE IY84 $244 s0 s45 $289 $0 5289 $289 $715,325 $0.37 1985 $245 $0 $0 $245 $0 5245 $229 $852,858 10.29 1986 $246 $0 $0 $246 s0 $246 $215 $938.143 $0.26 1987 $242 $0 $0 $242 $0 5242 $198 $1,031,960 10.23 1988 $242 $0 s0 $242 $0 $242 $185 $1.135,150 $0.21 susrufALS $1,219 $45 $0 w p&( 1Y89 $247 $217 $0 $464 $0 $464 $331 $1.248.670 $0.37 1990 $246 $220 $0 $466 $0 $466 1311 $1,373,540 $0.34 1991 1245 $221 s0 $466 s0 $466 $290 $1.510,690 $0.31 1992 $248 $222 $0 $470 $0 $470 $274 $1,661,980 $0.28 1993 $245 $222 $0 $467 s0 $467 $254 $1,828,180 $0.26 1994 $246 $217 $0 $463 $0 $463 $235 $1,965,290 $0.24 1995 $247 $222 $0 $469 s0 $469 $223 $2,112,690 $0.22 1996 $246 $221 $0 $467 so $467 $207 $2,271,140 $0.21 1997 $245 $220 $0 $465 $0 $465 $193 $2.441,470 $0.19 1994 $247 $218 $0 $465 $0 $465 $180 $2,624,580 $0.18 My $248 $220 $0 $468 $0 $468 $170 $2.821,430 $0.17 2000 $248 $2.2.2 $0 $470 $0 $470 $159 $3,033,040 $0.1:; 2001 $246 $222 $0 $468 $0 $468 $148 $3.260,510 $0.14 2002 $242 $22.2 w $464 s0 $464 $137 $3,505,050 $0.13 203 $247 $220 s0 $467 $0 $467 $129 $3.767,930 $0.12 2004 $0 $218 su $218 $0 $218 $56 $4050,530 $0.05 2005 $0 $219 $0 $219 s0 $219 $53 $4,354,320 $0.05 2006 $0 $21Y $0 $219 $0 $219 $49 $4,680,890 $0.05 2VUl $u $218 $0 $218 $0 $218 $46 $5,031,960 $0.04 2008 $0 $M $0 $220 $0 $220 $43 $5,409,350 $0.04 MALS $4,912 $4,400 $45 $9,357 $0 $9,357 $4,604 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-PHASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $2,090,000 AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $1.875.000 AT A RATE OF 10.000% 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS, THEN INCREASED BY 7.500% r s (-;I I Y (-1F I I b(l1-111J L:KUW al l t - fE1141 0L li1P-JK.INU, 1-LJ1\1I? L)EUH.Et c Eci F-'HH:iE 2' LLJ.iT by 31:i1)t?ii (ALL NUMBERS IN THUUSANOS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 1 YEAk-1 ANNUAL US-2 ANNUAL DS-3 RENTAL TOTAL. LESS BALANCE PRESENT ASSESSED TAX PHASE i PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 s262 $0 s0 $262 s0 $262 $262 $775,325 $0.34 1985 $258 s0 $0 $258 $0 $258 $241 $852.858 $0.30 1986 $259 $0 $0 $259 s0 $259 $226 $938,143 $0.28 1987 $259 s0 s0 $259 $0 1259 $211 $1,031,960 $0.25 1988 $260 $0 $0 $260 $0 $260 $198 $1.135.150 $0.23 SUBTUTALS $1,298 $0 $0 y 1 2V 1989 $259 $61 $0 $320 $0 $320 $228 $1,248,670 $0.26 1990 $263 $60 $0 $323 $0 $323 $215 $1,373,540 $0.24 1991 $261 $64 s0 $325 s0 $325 s202 $1,510,890 $0.22 1992 $264 $62 $0 $326 $0 $326 $190 $19661,980 $0.20 1993 $260 $65 s0 $325 s0 $325 $177 $1.828,180 $0.18 1994 $261 $63 $0 $324 s0 $324 $165 $1,965,290 $0.16 1995 $261 $65 $0 $326 $0 $32b $155 $2,112,690 $0.15 1996 $260 $62 $0 $322 $0 $322 $143 $2,271,140 $0.14 1997 $263 $64 $0 $327 s0 $327 $136 $2,441,470 $0.13 1998 $265 $61 $0 $326 so $326 $126 12,624,580 $0.12 1999 $263 $63 s0 $328 $0 $328 $119 $2,821,430 $0.12 2000 $263 $64 $0 $327 $0 1327 $111 $3,033,040 $0.11 2001 $260 $65 $0 $325 $0 $325 $103 $3,260,510 $0.10 2001 $260 $60 s0 $320 $0 $320 $95 $3,505,050 $0.09 2003 $264 $60 s0 $324 $0 $324 $90 $3.767,930 $0.09 2004 $0 $0 $0 $0 $0 $0 $0 $4,050,530 $0.00 1u0S $0 $0 $0 10 10 $0 $0 $4.354,320 $0.00 2006 su $0 s0 $0 $0 $0 $0 $4,680,890 $0.00 2007 s0 s0 s0 $0 $0 $0 $0 $5.031,960 $0.00 2008 so $u so $0 $0 $0 $0 $5,409,350 $0.00 TOTALS $5.227 $939 s0 $6.166 $0 $6,166 $3,393 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE..1984 IS 1984185. 2-PHASE 1 ISSUED JUNE 1984 WITH TDIAL PRINCIPAL $2,220.000 AT A RATE OF 10.0001 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $490,000 AT A RATE OF 9.500% 3-INCREASED AV BY 10.000X FOR FIRST 10 YEARS, THEN INCREASED BY 7.5001 i. .s I-1 y 01-: f I U1,40- L"f-i 0 W 1-1K- L:I-i0W b l..1.E — REN T HL S 7:Nk::I NLS FUND F LILLY F LJNDS PH0E3E 11 (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $262 s0 s0 $262 $0 $262 $262 $775,325 $0.34 1985 $258 s0 $0 6258 s0 $258 $241 $852.858 $0.30 1986 $259 s0 s0 $259 $0 $259 $226 $938,143 $0.28 1987 $259 $0 s0 $259 $0 $259 $211 $1.031.960 $0.25 1988 $260 s0 s0 1260 $0 $260 $198 $1,135,150 $0.23 SUBTUTALS $1.298 $0 $0 1981 $259 $0 s0 $259 s0 $259 $185 $1.248,670 $0.21 1990 $263 $0 $0 $263 $0 1263 $175 $1,373,540 $0.19 1991 $261 s0 s0 $261 $0 $261 $163 $1,510,890 $0.17 199'1 $263 $0 $0 $263 $0 $263 $153 $1,661,980 $0.16 1993 $260 s0 $0 $260 $0 $260 $141 $1,828,180 $0.14 1994 s261 s0 su $261 $0 1261 $133 $1,965,290 $0.13 11Y5 $261 $0 s0 $261 $0 $261 $124 $2.112.690 $0.12 1996 $260 $0 s0 $260 $0 1260 $115 $2.271.140 $0.11 1911 $263 $0 s0 $263 s0 5263 $109 $2,441,470 $0.11 1998 $264 $0 $0 $264 $0 $264 $102 12,624,580 $0.10 1999 $265 $0 $0 $265 $0 $265 $96 62.821,430 $0.09 2000 $263 s0 $0 $263 s0 $263 $89 $3.033,040 $0.09 2001 $260 $0 s0 $260 s0 $260 $ 2 $3,260,510 $0.08 2002 $260 $0 $0 $260 $0 $260 $77 $3,505,050 $0.07 2003 $264 $0 $0 $264 $0 $264 $73 $3.767,930 $0.07 2004 s0 $0 $0 $0 s0 s0 $0 $4,050.530 $0.00 2005 $0 s0 $0 s0 $0 $0 $0 $4,354,320 $0.00 2006 s0 $0 $0 $0 s0 $0 10 $4,680,890 $0.00 2007 $0 $0 s0 $0 s0 s0 $0 $5.031,960 $0.00 2008 $0 $0 s0 $0 $0 $0 $0 $5,409,350 $0.00 TOTALS $51,225 s0 $0 $5,225 $0 $5,225 $2,957 1-PEAK REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984185. 2-PHASE I ISSUED JUNE 1984 WITH IOTAL PRINCIPAL $2,220.000 AT A RATE OF 10.0001 3-PHASE 2 ISSUED JUNE 1189 WITH TOTAL PRINCIPAL $0 AT A RATE OF 0.000% 3-INCREASED AV BY 10.0001 FOR FIRST 10 YEARS, THEN INCREASED BY 7.500% f � l�I I Y (_)I-• T 11:31'-AH"L :dt�l ur_L/�:kuw tJrl i ur•J (ALL NUMBERS IN THOUSANDS EXCEPT fAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $0 s0 $317 5311 $0 $317 $317 $775,325 $0.41 1985 $0 $0 $317 $317 $0 $317 $296 $852.858 $0.37 1986 $0 $0 $317 $317 $0 $317 $277 $938.143 $0.34 1987 $0 $0 $317 $317 $0 1317 1259 $1,031,960 $0.31 1988 $0 50 $317 $317 $0 $317 $242 $1,135.150 $0.28 SUBTUTALS $0 $1.585 $0 1989 $0 $405 s0 $405 $0 $405 $289 $1,248.670 $0.32 1990 $0 $404 s0 $404 $0 1404 $269 $1,373.540 $0.2Y 1991 $0 $408 $0 $408 $0 $408 $254 $1.510.890 $0.27 1992 $0 $405 $0 $405 $0 $405 $236 $1,661.980 $0.24 1993 $0 $407 $0 $407 $0 $407 $221 $1.828.180 $0.22 1994 $0 $W s0 $403 $0 $403 $205 %1,965,290 $0.21 1995 s0 $403 $0 $403 $0 $403 $191 $2,112,690 $0.19 1996 $0 $408 $0 $408 $0 1408 $181 $29271,140 $0.18 1997 $u $406 s0 $406 s0 $406 $168 $2,441.470 $0.17 1998 10 $403 $0 $403 $0 $403 $156 $2,624,580 10.15 1999 $0 $404 $0 $404 s0 $404 $146 $2,821,430 $0.14 2000 $0 $404 $0 $404 $0 $404 $137 $3,033,040 50.13 2001 s0 $406 $0 $406 $0 $406 $129 $3,260,510 $0.12 2002 $0 $407 $0 $407 $0 $407 $120 $3,505,050 $0.12 2003 $0 $407 s0 $407 s0 $407 $113 $3,767.930 $0.11 2004 s0 $404 $0 $404 $0 $404 $104 $4.050,530 $0.10 2005 $0 $403 s0 $403 s0 $403 $97 $4.354.320 $0.09 2006 $0 $406 $0 $406 $0 $406 $92 $4,680.890 $0.09 2007 $0 $405 $0 $405 s0 $405 $85 $5.031.960 $0.08 2008 s0 $401 $0 $407 $0 $407 $80 $5.409,350 $0.08 TOTALS $0 $8,105 $1.585 $9,690 $0 $9.690 $4,666 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, [E..1984 IS 1984185. 2-PHASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL SO AT A RALE OF 0.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $3,450,000 AT A RATE OF 10.000% 3-INCREASED AV by 10.0002 FOR FIRSI 10 YEARS, THEN INCREASED BY 7.5002 r s "IlY OF I16AkO 71NO AVEKJt (ALL NUMBERS 1N THOUSAND5 EXCEPT TAX RATE) DISCOUNT RATE FUR PRESENI VALUE= 7 1 YEAR-1 ANNUAL DS-2 ANNUAL OS-3 RENTAL TOTAL LESS BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST COST RENTAL INC COSTS VALUE VALUE-3 RATE 1984 $365 s0 $45 $410 $0 $410 $410 $115.325 $0.53 1986 $364 $0 $u $364 $0 $364 $340 $852,858 $0.431 1986 $363 s0 $0 $363 $0 $363 $317 038,143 s0.39 1987 $S62 $u $0 $362 $0 $362 $295 $1,031.960 $0.35 1988 $365 $0 $0 x365 s0 $365 $278 $1,135,150 $0.32 SUBTUTALS $1,819 $45 $0 $1,864 1989 $367 $0 s0 $367 $0 $367 $262 $1,248,670 $0.29 1990 $363 $0 $0 $363 $0 $363 $242 $1,373,540 $0.26 1991 $363 $0 $0 $363 0 $363 $226 $1,510,890 $0.24 1992 $363 s0 s0 $363 $0 $363 $211 $1,661,980 $0.22 1993 $366 s0 10 $366 s0 $366 $199 $1,628,180 $0.20 1994 $363 $0 s0 $363 $0 $363 $185 $1,965,290 $0.18 1995 $364 $0 s0 $364 $0 $364 $173 $2,112,690 $0.17 1996 $364 $0 $0 $364 $0 1364 $162 $2,271,140 $0.16 1997 $362 $0 s0 s362 $0 $362 $150 $2,441,470 $0.15 1998 $363 s0 $0 $363 $0 $363 $141 $2,624,580 $0.14 1999 $363 $0 $0 $363 $0 $363 $132 $2,821,430 $0.13 2000 $365 $0 $0 $365 $0 1365 $124 $3,033,040 $0.12 2001 $365 $0 s0 x365 $0 $365 $116 $3.260.510 $0.11 2002 $363 $0 $0 $363 $0 $363 $107 $39505,050 $0.10 Bus $363 s0 s0 $363 $0 $363 $100 $3.767,930 $0.10 2004 $0 $u $0 $0 $0 $0 su $4,050,530 $0.00 2uu5 $0 $0 s0 $0 $0 10 s0 $4.354,320 $0.00 2006 $U $U $U $0 $0 $0 $U $41680.890 su.00 'lou" $0 s0 $0 $0 $0 $0 $0 $5.031,960 $0.00 200ti $0 $u $u $u $u s0 $0 $5,409,350 $0.00 fUTALS $7.276 50 $45 $7.321 $0 $7.321 $4,170 1-PEAK REPRESENTS FIRSI YEAR OF FISCAL YEAR, IE..1984 I5 1984185. -PHASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $3,100,000 AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $0 AT A RATE OF 0.000% 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS, THEN INCREASED BY 7.500% OPTION #9 - RENTAL-AS-NEEDED RENT AS NEEDED (1) Annual Payments Year: 1 23,000 x 7.50 = 172,500 2 23,000 x 7.50 = 172,500 3 23,000 x 8.50 = 195,500 4 23,000 x 9.10 = 209,300 5 23,000 x 9.20 = 211.600 6 33,500 x 10.40 = 348,400 7 33,500 x 10.40 = 348,400 8 33,500 x 11.40 = 381,900 9 33,500 x 11.40 = 381,900 10 33,500 x 11.40 = 381,900 11 45,000 x 11.50 = 517,500 12 45,000 x 11.50 = 517,500 13 45,000 x 12.00 = 540,000 14 45,000 x 12.00 = 540,000 15 45,000 x 12.00 = 540,000 16 45,000 x 12.00 = 540,000 17 45,000 x 13.10 = 589,500 18 45,000 x 13.10 = 589,500 19 45,000 x 13.70 = 616,500 20 45,000 x 13.70 = 616,500 20 yr. subtotal: $8,410,900 21 45,000 x 14.00 = 630,000 22 45,000 x 14.00 = 630,000 23 45,000 x 14.00 = 630,000 24 45,000 x 14.00 = 630,000 25 45,000 x 14.00 = 630,000 -0- $11,560,900 - 25 years rental (1) From City Administrator SUMMARY TABLE Sundeleaf Air King (1) Air King (2) GTE Sturgis Crow (3) Crow (4) Weigel- 72nd Rent as A B A B Crow Avenue Needed Total Construction Cost $ 3,560,228 $ 3,280,405 $ 3,280,405 $ 3,993,073 $3,413,288 $2,614,809 $2,311,415 $2,614,809 $2,990,712 0 Total Bonds 4,320,000 4,300,000 3,820,000 4,980,000 3,965,000 2,710,000 2,220,000 3,450,000 3,100,000 0 Phase 1 Only 1,520,000 0 1,945,000 1,130,000 2,090,000 2,220,000 2,220,000 0 3,100,000 0 Total Cost (Bond Debt Service Plus Rental Costs) 10,196,000 11,045,000 9,128,000 12,173,000 9,357,000 6,166,000 5,225,000 9,690,000 7,321,000 11,560,900 - Present Value 4,727,000 4,904,000 4,478,000 5,578,000 4,604,000 3,393,000 2,957,000 4,666,000 4,170,000 -- Total Cost First 5 Years 937,000 945,000 1,218,000 1,143,000 1,264,000 1,298,000 1,298,000 1,585,000 1,864,000 961,400 Tax Rates: 1984-85 0.29 0.19 0.36 0.30 0.37 0.34 0.34 0.41 0.53 0.22 1989-90 0.41 0.40 0.36 0.47 0.37 0.26 0.21 0.32 0.29 0.28 (1) Rent, then Bond (2) Bond both Phases (3) Rental Sinking Fund Decreases Phase 2 by $150,000 (4) Rental Sinking Fund Fully Funds Phase 2 r r �y III 10 TO 20 YEAR SCENARIOS a Costs o Financial Analysis o Charts � r M E M O R A N D U M CITY OF TIGARD, OREGON TO: Library Board 1/19/84 FROM: Staff SUBJECT: Space Needs III With 1-10 and 11-20 Year Options Per our instructions from Chairman Munhall, staff has updated Mr. Zaik's cost assumptions assuming a decision now to provide for year 1 - 10 needs as Phase I and year 11 - 20 needs as Phase II. Financial analyses will be presented at your Thursday meeting by Clements and Marshall. The nine options are as follows: 1. ASH/BURNHAM SITE (Munhall) - Bond Purchase Davis $ 235,000 Purchase Ash House 35,000 Build 33,500 S.F. * 2,057,570 Phase I (1-10) $2,327,570 Build 11,500 S.F. * $ 706,330 $3,033,900 2. SUNDELEAF (PW now) - Bond Purchase Ash House $ 35,000 Build 33,500 S.F. * 2,057,570 Purchase P.W. Shops Site 700,000 Phase I (1-10) $2,792,570 Build 11,500 S.F. * $ 706,330 $3,498,900 3. AIR KING Bond (Lease Available) Sell Police $( 40,000) Purchase 3 Acres 455,177 Build 33,500 S.F. * 2,057,570 Phase I (1-10) $2,472,747 Build 11,500 S.F. * $ 706,330 $3,179,077 * If 23,000 S.F. = $1,412,614 Zaik . . . then $61.42/S.F. x 33,500 S.F. _ $2,057,570. 4. GTE RENTAL/NEW LIBRARY - Bond (Short-Term Lease) Purchase Davis/Tarkinian $ 400,000 Sell Police Site ( 40,000) Build Library 15,000 S.F. * 921,300 Purchase 1 Acre Air King 152,000 Rental Year 1-5 N/A Build Year 6/18,500 S.F. * 1,136,210 Phase I (1-10) $2,569,570 Build 11,500 S.F. * $ 706,330 $3,275,900 + Rentals 5. 72ND AVENUE SITE - Bond Purchase Site $ 700,000 Remodel 12,000 S.F. * 462,000 Build 9,000 S.F. * 552,780 Purchase Davis 235,000 Build Library 15,000 S.F. * 921,300 Sell Public Works ( 387,380) Sell Police Site ( 40,000) Phase I (1-10) $2,443,700 Build 11,500 S.F. * $ 706,330 Build 4,500 S.F. P.W. @ $40.00 180,000 886,330 $3,330,030 6. STURGIS - Bond Purchase 3 acres @ $4.50 $ 588,060 Purchase Easement 50,000 Build 33,500 S.F. * 2,057,570 Sell Police Site ( 40,000) Phase I (1-10) $2,635,630 Build 11,500 S.F. * $ 706,330 $3,361,960 7. CROW SITE - A (Zaik Assumptions) - Bond Purchase Property $1,100,000 Remodel 27,000 S.F. 1,039,500 Professional Fees 72,765 Phase I (1-10) $2,212,265 Phase II Remodel $ 502,544 $2,714,809*** * $61.42/S.F. Total Rate . . . ** 2,500 S.F. Shops Purposes . . . 45,000 S.F. Library, Police & City Hall � t 8. CROW SITE - B (Appleman Estimate) - Bond Purchase Property $1,100,000 Remodel 1,000,000 Phase I (1-10) $2,100,000 Phase II Remodel $ 300,000 $2,400,000*** Rental ( 300,000) 2,100,000 9. RENT-AS-NEEDED $2,803,900 - I $5,607,000 - II $8,410,900 *** Less rental income into Sinking Fund . . . (pn/0189p) Foster & Marshall/American Express Inc. (),,Ion,Ion of ShearSoniAmanc—E.U��". INVESTMENT BANKERS AND BROKERS 4800 S.W. Macadam Avenue, Suite 309 • Portland, Oregon 97201-3980 • (503) 241-7243 4 Q - YW i q�q FINANCIAL ANALYSIS OF CIVIC CENTER OPTIONS FOR THE CITY OF TIGARD As per the instructions of the Library Board and City Administrator, we have performed another financial impact analysis relating to funding of the Civic Center. Major changes include extending the Phase I period from 1984 to 1993; Phase II now includes 1994-2008. All bonding was assumed to be general obligation bonds only. All Phase I projects were 20 year terms at 10%. Phase II projects were 15 year terms at 9.5%. The GTE option now includes an additional phase (mid-phase) which overlaps Phases I and II. Bonds for this phase were set at a 20 year term at 10%. All calculations are preliminary and intended to provide rough comparisons only. No refinements, such as earnings on bond proceeds are included here. When the options have been narrowed down, a closer look should be made. The tables which follow include: (1) Issue Sizing - Provides the bond amounts calculated from the architect's cost estimate plus other sale related costs. (2) Crow Site Rental Sinking Fund - Shows the collection and investment of rental income for the available space at the Crow Site during Phase 1. (3) Computer Tables - Financial Analysis of the first 9 options. (4) Rent as Needed - Rental costs as estimated by the City. (5) Summary Table - Provides a comparative summary of the financial analysis. Member of all principal security, option and commodity exchanges Offices in the principal cities of the Pacific Northwest and Alaska, Affiliate offices throughout the U.S. ISSUE SIZING :onstruc. Inflation Sale Discount or site at 5% Costs Reais. (2%) Total AM/Burnham Site (1) 2327.6 — 30 20 48 2425 2.425.121 (2) 706.3 1151 20 15 24 1209 1.209,248 Sundeleaf (1) 1791.6 — 30 20 57 2899 2,899,411 (2) 706.3 1151 20 15 24 1209 1.209,248 Air Kina (1) 2472.7 -- 30 20 50 2573 2,573,202 (2) 706.3 1151 20 15 24 1209 1.209,248 GTE (1) 1433.3 — 20 20 29 1503 1,502,766 (2) 706.3 1151 20 15 24 1209 1.209,248 (MID) 1136.3 1450 20 20 30 1520 1,520,004 72nd avenue (i) 2443.7 -- 30 20 50 2544 2,543,574 (2) 886.3 1444 20 15 30 1506 1,508,313 Sturgis (1) 2655.6 -- 30 20 54 2760 2,759,7 43 (2) 106.3 1151 20 15 24 1209 '1,209,248 Crow Site - A (1) 2212.3 -- 30 20 45 2308 2,307,510 (2) 502.5 419* 20 15 9 463 462,663 Crow Site - 8 (1) 1100.0 -- 30 10 43 2193 2.193.000 * Rental offset of 400,000 is included RENTAL SINKING FUND .Mental Sarni nos Sial ante Year Income At ax End of Year ---- ----------- ----------- ----------- 1I?b4 14. 2b() c i 14. 25t 198 28. 900 1 . 140 44. 290 1986 28 3.543 76. 733 1987 28.900 6. 139 111 . 772 1V88 28.9!ic.i 6.942 149, 614 1989 31.000 11. 969 192, 563 199C.) 31. iC►t:► 15. 407 '138. 989 1991 31.000 19. 119 1-169, 106 1992 1 . it it i 23. 1'219 343, 237 1993 31, 000 27, 459 401, 696 ti r CITY OF T16ARD ASH/BURtOW. (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL DS-2 ANNUAL OS-3 RENTAL MID BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE :981 $287 s0 $45 $0 $332 $332 $775.325 $0.43 1985 $283 s0 to $0 $283 $264 $852.858 $0-2 !986 5283 s0 s0 50 $283 $247 $938.143 $0.30 1987 $283 $0 so $0 3283 $231 $1.011.960 10.27 1988 $283 $0 $0 s0 $283 $21b $1.135.150 50.25 1984 $287 s0 s0 s0 $287 $205 $1.248.670 10.23 1990 $285 $0 $u $0 $285 $190 $1.373.540 $0.21 1991 5287 so s0 s0 $287 $in $1.510.890 $0.19 1992 $284 s0 $0 s0 $284 $165 $1.661.980 $0.17 1993 $285 $o so so $28r $155 $1.828.180 $0.16 SUBTUTALS $2.847 $45 $0 $2.892 1994 5285 $151. so s0 $440 $224 $1,965.290 $0.22 IV95 $284 $156 $0 s0 $440 $209 $2.112.690 $0.21 1996 $287 $157 $0 $0 $444 $197 $2,271,140 $0.20 1997 $283 $152 $0 $0 $435 $181 $2.441,470 $0.18 1998 $284 $152 so $0 $436 $169 $2,624,580 $0.17 1999 5283 $152 $0 $0 $435 $158 $2.821,430 $0.15 2000 $285 $156 $0 s0 $441 $149 $3,033,040 $0.15 2001 $286 $155 $0 $0 $441 $140 $3,260,510 $0.14 2002 $284 $153 s0 $0 -$437 $129 $3,505,050 $0.12 2003 $286 $155 $0 $0 1441 $122 $3.767,930 $0.12 2004 50 $156 $0 50 $156 $40 $4,050.530 $0.04 2005 s0 $152 s0 $0 $152 $37 $4.354,320 $0.03 2006 s0 $157 s0 $0 $157 $35 $4.680,890 $0.03 2007 $0 $156 s0 $0 $156 $33 $5.031,960 $0.03 2008 50 $153 $0 $0 1153 $30 $5,409,350 $0.03 TOTALS $5.694 $2,317. $45 s0 18.056 $4,037 AVERAGE TAX RATE _ 940.17 I-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR. IE..1984 IS 1984/85. 2-PHASE 1 IS'S'UED JUNE 1984 WITH TOfAI PRINCIPAL $2.425.000 AT A RATE OF 10.0003 3-PHASE 2 ISSUED JUNE 1989 KITH TOTAL PRINCIPAL $1.210,000 AT A HATE OF 9.500% 3-IN REASED AV BY l0.uo0% FOR FIRST 10 YEARS. THEN INCREASED BY 1.500: 1 T Y LJF 1 1 tiHhll SUNULLEOF - VtRb l(JN (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) OISLUUNT RATE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL MID BALANCE PRESENT ASSESSED TAI PHASE I PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE :484 $340 s0 $45 s0 $385 s385 $775.325 $0.50 1985 $340 s0 s0 s0 $340 $318 $852.858 10.40 1986 $339 s0 s0 $0 $339 $296 $938.143 $0.36 1987 $338 $0 s0 s0 $338 $276 $1.031.960 10.33 1988 $342 s0 $0 s0 $342 $261 $1.135.150 $0.30 1989 $S39 $0 $0 $0 $339 $242 st,248.670 $0.27 1990 $341 s0 s0 $0 1341 $227 $1.373.540 $0.25 t99t $343 s0 f0 $0 $343 $214 $1,510,890 $0.23 1992 $342 $0 f0 s0 s342 5199 $1.661,980 $0.21 1993 $341 $0 s0 s0 $341 $185 $1,828.180 $0.19 SU91DTALS $3.405 145 s0 $3.450 1994 $339 $155 $0 f0 $494 $251 $1,965,290 $0.25 1995 $342 $156 s0 $o $498 $237 12.112,690 $0.24 I996 $342 $157 $0 $0 $499 $222 $2,271,140 $0.23 1997 $341 $152 s0 s0 $493 1205 $2,441,470 $0.20 1948 $343 $152 $0 s0 $495 $192 $2,624,580 10.19 1999 $339 1152 s0 s0 $491 $178 $2.821,430 $0.17 2000 $443 $156 10 $0 $499 $169 $3,033,040 $0.16 2001 $339 $155 10 $0 $494 $156 $3.260,510 $0.15 2002 $339 $153 f0 $0 $492 $146 $3,505,050 $0.14 2003 $341 $155 s0 s0 $496 $137 $3,767,930 "$0.13 2004 s0 $151 $0 $0 $157 $41 $4,050,530 $0.04 2005 s0 s152 s0 s0 $152 $37 $4,354,320 $0.03 2006 $0 $157 f0 $0 $157 $35 $4,680,890 $0.03 2007 s0 1156 $0 s0 $156 $33 $5,031,960 $0.03 2008 $0 $153 f0 $0 $153 $30 $5,409,350 $0.03 TOTALS f6.B13 $2,318 $45 $0 $9,176 $4,670 AVERAGE TAX RATE _ $0.20 !-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1994 IS 1984!85. 2-PHASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $2,900.000 AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $1.210.000 AT A RATE OF 9.5001 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS. THEN INCREASED BY 7.5001 4 1 T Y UF= l 16ARD H1K K1N6 - VEk51UN •' CALL NUnbERS 1N IH"ANDS EXCEPT TAX RAIE) DISWONT RATE FUR PRESENT VALUE= 7 11 YEAR-i ANNUAL DS-2 ANNUAL DS-3 REIITAL MD BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE 1984 $302 s0 $45 $0 $347 $347 $775.325 $0.45 1985 $303 $0 s0 s0 $303 $283 $852.858 $0.36 1Y86 $303 s0 s0 s0 $303 $265 $938.143 $0.32 1987 $302 $0 s0 $0 $302 $247 $1,031.960 $0.29 1988 $301 $0 $0 $0 $301 $230 $1.135.150 $0.27 1989 $305 s0 $0 $0 $305 $217 $1,248,670 $0.24 1990 $302 $0 $0 s0 $302 $201 $1.373,540 $0.22 1991 $304 so $0 $0 $304 $189 :1,510,890 $0.20 1992 $300 $0 s0 s0 $300 $175 $1.661,980 $0.18 1993 $301 s0 s0 $0 $301 $164 $1.828.180 $0.16 SUBTOTALS s3.023 $45 $0 196 30G 1994 $Soo $155 $0 $0 $455 $231 $1,965.290 :0.23 IV95 $304 $156 $0 s0 $460 $219 $2.112,690 $0.22 1996 $501 $lat $0 s0 $458 $203 12.271.140 $0.20 1Y97 $302 $152 $0 s0 $454 $186 $2.441,470 $0.19 199U $301 $152 $0 w $453 $176 12,624.580 $0.17 1Y99 $304 $152 s0 s0 $456 $165 $2.821.430 $0.16 2000 $Soo $156 w w $456 $154 :3,033.040 $0.15 2001 $300 5155 s0 $0 $455 $144 $3.260.510 $0.14 2002 x302 $153 w w 5455 s13; $3,505,050 $0.13 2003 $302 $155 s0 so $457 $126 $3.767.930 $0.12 2004 $0 $157 $0 $0 $157 $41 $4,050,530 $0.04 2005 so 5152 $0 s0 $152 $37 54.154,120 $0.03 2006 $0 $157 $0 $0 $157 $35 $4,680,840 $0.03 2007 $0 $156 s0 s0 $156 $33 $5.031,960 $0.03 2008 s0 $153 s0 $0 $153 $30 $5,409,350 $0.03 TOTALS $6,039 $2,318 $45 so $8,402 s4,235 AVERAGE TAX RATE _ $0.18 1-YEAR REMSENTS FIRST YEAR OF FISCAL YEAR, IE..1984 IS 1984/85. 2-PHASE 1 ISSUED JUNE 1984 KITH TOTAL PRINCIPAL $2,575,000 AT A RATE OF 10.000: 3-PHASE 2 ISSUED JUNE 1989 PITH TOTAL PRINCIPAL $1,210,000 AT A RATE OF 9.500% 3-INCREASED AV BY 10.000% FOR FIRST 10 YEARS, THEN INCREASED BY 7.5001 CITY OF T I GARD 6TE - VERS ION •_ (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 YEAR-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL MID BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE 1984 $175 s0 $96 $0 $271 $271 $775.325 $0.35 1985 $1/7 s0 s16 s0 1273 $255 $82.858 $0.32 1986 $174 so 06 $0 $270 $236 5938.143 $0.29 1987 $116 $0 $96 s0 1272 $222 $1431.960 $0.26 1988 $178 50 196 s0 $274 $201 $1.135.150 $0.24 1989 $119 s0 so $177 $356 $254 $1,248,670 $0.29 ly90 $174 $0 so $179 $353 $235 11.373,540 $0.26 1991 $1/5 s0 so $176 $351 $219 $1,510.890 $0.23 1992 $175 s0 s0 $178 $353 $205 sl.bbi,980 $0.21 1993 $1/4 $0 $0 $180 1354 $193 $1,828.180 $0.19 WOT01ALS $1.757 $480 6890 1994 $178 $155 0 $181 $514 $261 $1,965.290 $0.26 1995 $176 5156 s0 $176 $508 $241 $2.112,690 $0.24 1996 $174 $157 s0 $177 $508 $226 $2,271,140 sO.22 1997 $176 $152 s0 $177 $505 $210 $2.441,470 $0.21 1998 $177 $152 s0 $181 $510 $198 $2,624,580 $0.19 1V99 $177 $152 so MO $509 $184 $2.821,430 $0.18 2000 $176 $156 $0 $178 $510 $173 $3,033,040 $0.17 2001 $179 $155 s0 s180 $514 $163 $3,260,510 $0.16 2002 $175 $153 so $177 $505 $149 $3,505,050 $0.14 2003 $176 $155 so $178 $509 $141 0,767,930 $0.14 2004 s0 $157 $0 $178 $335 $87 $4,050,530 $0.08 2005 s0 1152 so $177 $329 $79 $4,354,320 $0.08 2006 s0 $157 $0 $180 $337 $76 $4,680,890 $0.07 2007 s0 5156 s0 $181 $337 $71 $5,031,960 $0.07 2006 s0 $153 $0 $181 $334 $66 $5,409,350 $0.06 TOTALS 63.521 $2,318 $480 $3,572 $9,891 $4,623 AVERAbE TAX RATE = $0.20 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-Pt4ASE 1 ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $1,500,000 AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL 51,210,000 AT A RATE OF 9.500'% 3-IMX(EASED AV BY 10.0001 FOR FIRST 10 YEARS, THEN INCREASED BY 7.5001 Y CITY OF TIGARD 72ND AVENUE - VERSIUN (ALL NUMBERS 1N THOUSANDS EXCEPT TAX RATE) DISCIMI RACE FUR PRESENT VALUE= 7 X YEAR-1 ANNUAL US-2 AkkUAL DS-3 RENTAL HID BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST' PHASE COSTS VALUE VALUE-3 RATE 1984 $299 s0 $45 s0 $3144 s344 $775.325 $0.44 1985 MO $0 su su $300 s280 $852.858 10.3: 1yB6 $3DO $u $0 $0 $300 $262 $938.143 $0.32 1987 $2Y9 $0 $u $0 $299 $244 51,031.960 10.29 1988 $298 su $0 $0 $298 $227 $1.135,150 $0.26 1989 $291 su fu su $297 1212 $1,248,670 $0.24 1990 $300 50 $0 s0 S300 $200 11.373,540 $0.22 1991 52Y7 $u s0 s0 $297 $185 $1,510,890 $0.20 1992 $298 s0 s0 s0 $298 $173 $1,661,980 $0.18 1993 $299 so $0 s0 s299 $163 $1,828.180 $0.16 SUDID1ALS 12.987 $45 $0 303' 1994 $298 $193 s0 s0 1491 $250 f1,965,290 $0.25 1995 $297 $194 so $0 $491 $233 $2.112,690 $0.23 1996 $299 $193 $0 $0 1492 1218 12,271.140 50.22 1997 $300 $193 s0 $0 $493 $205 $2,441,470 $0.20 1998 $300 $192 s0 s0 $492 $191 $2,624,580 $0.19 1999 $298 $195 s0 $0 $493 $179 $2.821,430 $0.17 2000 $299 $192 f0 $0 $491 1166 $3,033,040 $0.16 2001 5299 $194 s0 s0 $493 $156 $3,260,510 $0.15 2002 $296 $190 s0 $0 $486 $144 $3,505,050 10.14 2003 $297 $191 so $0 $488 $135 $3,767,930 $0.13 2004 s0 $195 so s0 1195 $50 $4,050,530 10.05 2005 $0 $193 so so $193 $47 $4.354,320 $0.04 2006 su 1191 $0 $0 $191 $43 $4,680.890 10.04 2007 $0 5192 $0 $0 $192 $41 $5,031,960 $0.04 2008 su $192 su $0 5192 138 (5,409,350 10.04 TOTALS 55.970 $2.890 $45 $0 $8,905 $4,385 AVERAGE TAX RATE = $0.19 HEAR REPRESENTS FIRST YEAR OF FISCAL YEAR. IE.,1984 IS 1984/85. 2-PHASE 1 ISSUED JUNE 1984 WITH TOCAL PRINCIPAL $2,545,000 AT A RACE OF 10.000% 3-PRASE 2 ISSUED JUNE 1989 W17H TOTAL PRINCIPAL $1,510,000 AT A RATE OF 9.500% 3-INCREASED AV by 10.0001 FOR FIRST 10 YEARS, THEN INCREASED BY 7.$)02 ::TTY OF 11GARD STUF(hls - VthSiUN (AL1 NUMBERS 1N THOUSANDS EXCEPT TAX kATE) 1)19 dWNT RACE FUR PRESENT VALUE= 7 2. YEAk-1 ANNUAL DS-2 ANNUAL DS-3 RENTAL MID BALANCE PkESENT ASSESSED TAX PHASE 1 PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE 1984 $326 so $45 s0 $371 $371 $775.325 $0.48 1985 $326 s0 s0 s0 $326 s305 $852.858 $0.38 IY86 $325 $0 $0 s0 $325 $284 038.143 $0.35 1987 $324 s0 $0 so $324 $264 $1,031.960 10.3( 1988 $323 $0 50 $0 $323 $246 $1.135,150 $0.28 1987 $321 $0 $0 $0 $321 $229 $1,248,610 $0.26 1990 $323 s0 s0 s0 $323 $215 $1,373,540 $0.24 1991 $325 s0 $0 $0 1325 1202 (1,510,890 60.22 1992 $325 s0 $0 $0 $325 $1B9 $1.661,980 $0.20 1993 $325 $0 s0 s0 $325 $177 111828,180 10.18 SUBTUTALS $3,243 $45 $0 1994 $323 $155 $0 s0 $4478 $243 $1,965,290 $0.24 1995 $321 $156 s0 s0 $477 $227 $2,112,690 $0.23 1996 1322 $157 s0 s0 $479 $213 $2,271,140 $0.21 1991 $322 s152 s0 s0 $474 $197 $2.441,470 $0.19 1998 $326 $152 $0 $0 $478 $185 $21624,580 $0.18 1999 $322 $152 s0 s0 $474 $172 $2,821,430 $0.17 2000 $322 $156 $0 $0 $478 $162 131033,040 $0.16 2DOi $325 $155 s0 so $480 $152 $3,260,510 $0.15 2002 $321 $153 so s0 $474 $140 $3,505,050 $0.14 20013 $324 $155 $0 0 $419 $132 $3.767,930 $0.13 2004 s0 $157 $0 $0 5157 $41 $4,050,530 $0.04 2005 s0 $152 su s0 $152 $37 $4,354,320 $0.03 2006 su s157 s0 $0 $157 $35 $4,680,890 $0.03 10017 s0 $156 s0 $0 $156 $33 $5,031,960 $0.03 2008 su $153 $0 so $153 $30 $5,409,350 $0.03 TOTALS $6.471 $2.318 $45 $0 $8,834 $4,481 AVERAGE TAX RATE = $0.19 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1994 IS 1984185. 2-PHASE I ISSUED JUNE 1984 WITH TOTAL PRINCIPAL $2,760,000 AT A RATE OF 10.0001 3-PHASE 2 ISSUED JUNE 1989 WITH TOTAL PRINCIPAL $1,210,000 AT A RATE OF 9.5001 3-INCREASED AV BY 10.0001 FOR FIRST 10 YEARS, THEN INCREASED BY 7.5001 CI Tf OF T16AA,X CROW SITE A - VERSION 3 (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DISCOUNT RATE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL OS-2 ANNUAL DS-3 RENTAL MID BALANCE PRESENT ASSESSED TAX PHASE I PHASE 2 COST PHASE COSTS VALUE VALUE-3 RATE 1984 $271 s0 $45 s0 $316 $316 $775.325 $0.41 1945 $272 s0 $0 $0 $272 $254 $852,858 $0.32 1986 1272 s0 s0 s0 $272 $238 1938,143 $0.29 1987 $272 s0 $0 $0 $272 $222 $1,031,960 10.26 1988 $272 $0 $0 $0 $272 $208 $1,135,150 $0.24 1949 $271 $0 $0 $0 $271 $193 11,248,670 $0.k 1990 $269 s0 s0 s0 s269 $179 $1,373,540 $0.20 1991 $272 s0 $0 $0 $272 $169 11,510,890 $0.18 1992 $269 s0 s0 $0 $269 $157* $1,661,980 $0.16 1993 $111 $u s0 s0 $271 $147 $1,828,180 $0.15 5IWW ALS 12.711 $45 s0 $2,756 1994 $111 $59 $0 s0 5330 1168 $1,965,290 $0.17 1995 $271 $58 $0 $0 $329 $156 $2.112,690 $0.16 1996 3269 $61 s0 $0 1330 $147 12,271,140 $0.15 1Y97 $272 $59 $a $0 $331 s137 $2,441,470 $0.14 1998 $268 $58 $0 s0 $326 $126 12,624,580 $0.12 1999 $273 $61 $0 $0 $334 $121 $2.821,430 $0.12 2000 $171 $58 $0 $0 $329 sill $3,033,040 $0.11 2001 $272 $61 s0 $0 $333 $105 $3,260,510 $0.10 200'1 $272 $58 s0 $0 $330 $98 $3,505,050 $0.09 2003 $269 $60 s0 $0 $329 $91 $3,767,930 $0.09 2004 $0 $62 $0 s0 162 $16 $4,050,530 $0.02 2005 $0 158 s0 $0 $58 $14 $4,354,320 $0.01 2006 s0 $59 $0 s0 159 $13 14,680,890 $0.01 2007 s0 $60 s0 $0 $60 $13 $5,031,960 $0.01 2008 s0 $60 $0 $0 $60 $12 $5,409,350 $0.01 TOTALS $5.419 $892 $45 $0 $6,356 $3,412 AVERAGE TAX RATE _ $0.15 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-PHASE i ISSUED JUNE 1984 KITH TOTAL PRINCIPAL 62,310,000 AT A RATE OF 10.000% 3-PHASE 2 ISSUED JUNE 1989 MITH TOTAL PRINCIPAL $465.000 AT A RATE OF 9.500% 3-INCKEASED AV BY 10.000% FOR FIRST 10 YEARS. THEN INCREASED BY 7.5001 CITY OF T I DART) CHOW SITE Ei - VERSION (ALL NUMBERS IN THOUSANDS EXCEPT TAX RATE) DIS'CUUNT RAPE FOR PRESENT VALUE= 7 1 YEAR-1 ANNUAL DS-1 ANNUAL DS-3 RENTAL MID BALANCE PRESENT ASSESSED TAX PHASE 1 PHASE 2 COST PHASE CUSTS VALUE VALUE-3 RATE 1984 5259 $0 $45 s0 $304 5304 $715.325 $0.39 1945 $260 so so $0 $260 $243 $852.858 $0.30 1986 $256 s0 $0 $0 $256 i 24 s938.143 $0.17 1987 $2`,6 $0 $0 $0 $2756 $2109 $1,031.960 50.2` 1988 $256 $0 $U s0 $256 $195 $1.135,150 $0.23 1989 M6 $0 su $0 $256 $183 $1,248,670 $0.11 1990 $260 s0 $0 s0 $260 $173 $1.313,540 $0.19 1991 $258 $0 w $0 $258 1161 $1,510,890 $0.17 1992 $255 s0 50 $0 $255 $148 $1,661,980 $0.15 1993 $257 $0 $0 $0 $257 $140 $1,828,180 $0.14 SUBTOTALS $2,573 $45 $0 $2,618 1994 5258 $0 $0 $0 $258 $131 $1,965,290 $0.13 1995 $258 $0 $0 $0 S25B $123 $2.112,690 $0.12 1996 $257 $0 $0 $0 5257 $114 $2,271,140 $0.11 1997 5255 $0 $0 s0 $255 $106 $2,441,470 $0.10 1998 $257 $0 $0 $0 $257 $100 $21624,580 $0.10 1999 $258 s0 $0 $0 $258 194 $2,821,430 $0.09 2000 $257 $0 $0 $0 5257 $87 $31033,040 $0.08 2001 $259 $0 SO $0 $259 $82 $3.260,510 $0.08 2002 $260 0 $0 $0 4260 111 $3,505,050 $0.07 2003 $258 s0 s0 s0 $258 $71 $3,767,930 $0.07 2004 $0 $0 $0 $0 $0 $0 $4,050,530 $0.00 2005 s0 SO s0 $0 s0 $0 $4,354,320 $0.00 2006 s0 s0 $0 $0 $0 SO $4,680,890 $0.00 2007 50 s0 $0 $0 s0 s0 $5.031,960 $0.00 2008 s0 $0 s0 $0 $0 $0 $5,409,350 $0.00 TOTALS $5,150 s0 $45 $0 $5,195 12,964 AVERAGE TAX RATE = $0.13 1-YEAR REPRESENTS FIRST YEAR OF FISCAL YEAR, IE.,1984 IS 1984/85. 2-PHASE i ISSUED JUNE 1984 MITH TOTAL PRINCIPAL $2,195,000 AT A RATE OF 10.0001 S-PHASE 2 ISSUED JUNE 1989 VITH TOTAL PRINCIPAL $0 AT A RATE OF 0.0001 3-INCREASED AV BY 10.u00% FOR FIRST lu YEARS. THEN INCREASED BY 7.5001 � Y RENT AS NEEDED fear Annual t'avm, amount PV at 7% 1 2 UVU 7. :10 1 11. JUV 1 Imo. 500 L.-�. c►U�► 7. 5c:� 1/'�'. 5(Icj 161 . :'15 .v. UUU 8. .JU 1915. JUU 170, 757 liI 2c:IY. 3c>i� 17c:►. FJ51 J UOU 9. 2V 2111 . 600 161 . 429 6 �. 5c�c► 10. 4V �4f3, 4i)il 24H. 404 7 33. 500 10. 40 348. 400 232. 1154 13 :�3. 5(-)Q 11 . 40 3131 , 9i Ic i 1.1-7. 9 33. 500 11 . 40 381 . 900 222 "�69 i t I J•J. Si lcj 1 1 . 40 X81 , yc i.) 207. 728 --------- l() YtHR TUl"AL 8 . 5i Ic> . 8c is . yc ii I 1 . 9135. 1.;6 11 45. 000 11 . 50 517. 500 263, 071 12 45. 000 1 1 . 50 517, 50C)i 245,861 13 45.000 12. 00 540. 000 239, 766 14 45. 000 12. OU 54o Ooo 224,t181 15 45.000 12. 00 540.000 209, 421 16 45.000 12.i►U 540,000 195, 721 17 45. 000 13. 10 589,500 199. 684 18 45. Ciuo 13. 10 589.500 186,621 19 45. 000 13. 70 616. 500 182. 400 20 45.000 13.70 616.500 170, 467 21 45. 000 14. 00 630,000 162, 804 �2 45.000 14.O(.) 63C.),Oji Ic i 152, 153 23 45. 000 14. 00 60. 000 142, 199 24 45.c Ic.ii 14. 00 630 , i Ii Ii I 132. 8`157 25 45. 000 14. 00 630,000 124, 202 25 YEAR TOTAL 957.500 11.560: 900 4.816, 484 SUMMARY Ash IBurnhaa Sundeleaf Air King 6TE 72nd ave. Sturgis Crow A (1 ) Cro- B (2) 45,000 45,000 45,000 45,000 52,000 45,000 45,000 45,800 lotal Construction Cost 3,0330900 3,498,900 31179,077 3,275,900 3,330,030 3461,960 2,714,009 2,400,000 Cost Der Sq. Ft. 67.42 77.75 70.63 72.80 64.04 74.71 60.33 52.40 Total Uonds 3,635,000 4,110,000 3,783,000 4,230,000 4,055,000 3,970,000 2,775,000 2,195,000 Phase 1 Only 21425,000 2,900,000 2$ 75,000 1,500,000 2,545,000 2,760,000 2,310,000 2,145,000 Total Cost (Bond Debt Servlct Plus Rental Costs) 8,056,000 9,176,000 8,402,000 9,891,000 8,905,000 8,834,000 6,356,000 5,195,000 Per 5o. Ft. 179.02 203.91 1B6.71 219.80 171.25 196.31 141.24 113.43 - Present Value 4,037,000 4,670,000 4,235,000 4,623,000 4,385,000 41481,000 3,412,000 2,964,000 Per Sq. Ft. 89.71 103.76 94.11 102.73 84.33 99.58 75.82 64.72 lotil Cost First 10 Years 2,892,000 3,450,000 3,068,000 3,127,000 3,032,000 31.288,000 2,756,000 2,618.000 ;average Tax Rate oyer 25 years 0.17 0.20 0.18 0.20 MY MY U.15 0.13 ( 1 ) Rental Sinking Fund decreases Phase II by $400,000. (2) Rental Sinking Fund fully funds Phase II . COST COMPARISON i Illow 1040 SAM Q F- c:)O b spoo Voo w 3 0 0 0 F'- 0 0 0 0 0 z O o ON 0 0 0 0 DOC 0 0 0 O O O w a 0 0°o 0°o 0 0°o 0 00 0 OC N O 0 0 0 O O DOC 00 O DOC 'owo O 0 00 0 O 0 00 00 DOC 0 0 0 00 O 0 O 00 0O 0 RwAI A514\ SUNDE- AIR GTE IZ— STUMIS CROW CROW BURHMM (E&F KING AVE. '*AI `BI � r .9ENTAL_ vs _ ASN / BURWAAM $/YEAK 630 - 1 560 490 � 4ZO 360 ; C' v) 280 0 0 210 Moor J iyo 70 jv # fig liml DATE t�8N '8 %6'8T'88 'ski qb�t 'R2 �93"� '45'96 `' ,4 tc9 'op'ot bz bls vi b5 'ob 0-1 'a8 'Cf1 YEAR 1 2 3 4 5 6 7 8 9 to 11 M 13 14 tS a n is t9 20 21 2Z Y3 Zlf 25 Z6 eo TAX RATE YEAR 30 to ��•> DAA g5 '89 '90 `41 '42 '43 q4'45 '9b 147 18 49 'oo 'ol 'oZ'� '04 '05 '06'07 '08'09 Y EAR 1 2, 3 4 5 6 7 8 9 10 11 it 0 14 15 16 U 18 11 2D 2l ZZ Z3 V 25 Z6 r r RENTAL vs S U N D E.LE AF YEA R 630 560 f 420 Ct h 280 40 o_ 210OOP -� NO 70 DATE il0 4 '85 %6 ly Ioa 'eq 4D41 IV- 'J511ri 45 '47'%'99 'oo'oI dL VS to b5 bb'o-I 'd6 'CFI YEAR t 2 3 4 5 6 7 8 9 to It m 13 14 Is 16 n M ►9 20 2! 2L 23 21f Z5 zip 6o TAX RATE/ YEAR so oto 30 DATE 1984 'SS '86'01 '88 '89 ''o ' t '92 '93 `44 '45 '-b 7 '48 '19 '00 '01 'oZ'c3 'N '05 '0(o'07 '08'09 Y E A9, 1 Z 3 4 S 6 7 8 9 10 It M 13 14 15 16 t7 18 M 7D tl ZL L3 Z`{ 25 21, w _BENTAL vs AIF KING YC-A R 630 560 , 490 � 42o J -" ?$0 / a 0 0 210 �- 140 70 DATE MY4 ' S '8,iVS,8 '�i '6`Rt 42 -544 `45`9.-47'9a'99 "oo'ot a-0-S A 105 wo"I 'aB 'cf1 YEAR 1 2 3 4 5 6 7 8 9 10 It M 13 14 t5 n t8 m 20 v a n z% z5 26 6o TAX RATE YEAR LID 30 20 DATE 199M '85 '96161 '88 '89 '90 '9l '9Z '93`74'45 `9b 'q7 '98 '4°1 '00 'ol 'oZ'R3 '04 'OS 'OE,'07 '48'09 `{EAR i Z 3 4 S 6 7 8 9 10 11 1L 3 14 15 16 17 I8 19 20 21 U t3 Z4 25 2,6 t J�EWTAL vs G T E YEA P, 630 . $/ 560 . f qZo Mo 280 I 0 O 210 !40 70 DATE 1984 '85 'Sb'�T'86 `� ' qt 'R2 �t3'44 '45'96 '97'95`99 'oo'ol b2 b31cH bs 'o�b'o"t 'a8 'c�1 YEAR t 2 3 4 5 6 7 8 110 I1 12 t3 14 tS n t8 t9 Zo V 2L 23 N 25 2b 60 TAX RATE/ YEAR 30 10 sonr` DA-T-E i48y '$5 '86'0j '88 189 �o `9t '9Z '93 qy'45 `9b `q7 4 '49 '00 'ot 'o2'23 'o4 'o5 'o6'07 '08'09 Y EAR 1 2 3 4 S 6 7 8 9 b 11 [2. t3 14 15 % %7 W 19 2O 21 ZL Z3 Z4 ZS ?kb . t_4TA.L vs 72ml ME, $/YC-AK 630 d 4_0�. 42o 3bo `t 280 0 2100 70 DATE 119A % '86'87'18 'fft ' 441 V- 1344 'oD'ol bZb3rX '05 '06'o1 'oa '041 YEAR l 2 5 4 5 6 7 8 9 to It tZ 13 14 tS 16 n Is 19 20 21 2L 23 Vf 25 Zb 6o TAX RATE YENk 30 20 . . "%. to III -if of DATE %91a4 'BS '86'0j '88 'a9 '90 'q t '92 93`74'45 `9b `�7 48 '11 '00 'ol 'o?-*o3 '04 '05 'or;'07 '08'09 \(EAR 1 7- 3 4 S 6 7 6 9 loll IZ t3 14 15 16 %718 19 ZD 2l ZZ z3 Z`I _ZS Z6 REN-rAL vs STURGIS � YEA R 630 560 490 � 420 / C. 36° i 280 _a / 4 210 0 � � J 140 70 IF DATE lIW4 �S5 ,i7'16 `ID41 '4Z "t344 "i' %-V'%'99 'OD'ot b7-b3 VA b5 '016'o"1 'a8 'CFI YEAR. 4 2_ 3 4 5 6 1 6 9 to 11 IZ 13 14 ►S 1b n 18 M 20 21 2Z Y3 24 25 Z6 6o TAX RATE YEAR 50 30 20 10 DATE I EAR i Z 3 4 5 6 7 8 9 10 11 1L 3 14 15 tb 17 18 19 2D Zt ZZ Z3 Z4 25 ?b ENTAL vs GRQW / \ter YEA R Olow— 630 •-j7 560 x{20 / iso r i `t V) 280 _a 0 4 210 14b 70 DATE I44 '85 'Sb'87'8I31344a0'01 b2b3'cH 'os 'ob'o"1 'cB 'ol YEAR 1 2 3 4 5 6 7 8 9 10 It M 13 14 v5 uo n 18 19 ZO 21 ZL n n 25 2io 6o TAX RATE YEAR LID J DATE jc4q '85 `& 1;1 88 '�9 `90 '9t 'g2 '93 `44 '45 `9b �7 `98 '19 'oo '0i 'W N '05 '0E,'07 'o8'09 YEAR 1 2 3 4 5 6 7 6 9 10 11 It 13 14 15 (6 17 18 19 ?o 21 ZZ 23 Z4 25 Z6 ENTAL vs CROW YEA R 6300 5 qZo 2$0 0 0 4 210 4 � .. � 140 70 DATE 144 i7'86 'ffi t6'1I V- 134145'9 `97'98`99 'C�o'ol b2 b3 VA 105 '0�'0"1 'o8 'di YEAR 1 2 3 4 5 6 1 8 9 10 a M 13 14 Is n is 19 20 21 u ?3 V 25 2b 60TAX RATE YEAR Lto 30 10 i''> DA7E. 0l '88 '�9 qb it '92 '93 gy 'g5 `% g7 `18 'll '00 '01 '02.'23 .04 '05 'ob'D7 '08'09 Y EAR I ? 3 4 5 6 7 8 9 b It 1L 13 14 15 % 17 18 19 20 ZI ZZ. Z3 Z4 25 ?% V ADDITIONAL ATTACHMENTS AND INFORMATION f M E M O R A N D U M December 8, 1983 TO: Members, Library Board - Space Needs III Review Committee FROM: Walt Munhall, Chairman SUBJECT: Process and Timetable for Space Needs III 1. Process: In order to accomplish the task delegated to us by the Tigard City Council as expeditiously as possible, I propose that we establish a process as follows: a. Technical information and assistance regarding space allocations and criteria be provided by the Chief of Police, Bob Adams, and the Librarian, Irene Ertell. Assistance will also include administrative support for meetings, i.e. , agendas, notices and minutes, as well as receiving materials from the public, preparing it for the Committee's study and formulating the reports and recommendations of the Committee. b. The Committee will categorize each proposal as follows : (1) Rental only, for all depatments. (2) Library bond, with rental for Police and Administration. (3) Build to suit, lease or lease-purchase option. (4) Bond election (for a Civic Center or decentralized) (S) Other proposals which do not fit the above categories, but also meet the criteria will be considered. c. The Committee will select no more than the three best from each category for final review and selection by the City Council. d. The Committee will submit its selections to the City Council with its own recommendation for the best in each category. e. A schedule of public meetings should be decided upon and published. I suggest each Thursday through December and January, excepting December 22 and 29. f. I recommend that this Committee request funds for architectural technical assistance. g. I recommend that this Committee request funds as needed for appraisals of Preliminary Final Selections. h. I recommend that this Committee request funds for a financial review of Preliminary Final Selections. r Members , Library Board - Space Needs III Review Committee Process and Timetable for Space Needs III December 8, 1983 Page - 2 - 2. Timetable: The following timetable is recommended in the interest of having a thorough and comprehensive report in to the City Council for their consideration on January 30, 1984: *12/8/83 - Organizational meeting: public in-put, criteria and process 12/9/83 - Specification sheets and applications available at City Hall and the Library *12/15/83 - Cut-off for applications and first review by Committee 12/19/83 - Request to City Council for money for architectural technical assistance and financial consultant review 12/20/83-1/5/84 - Architect/Staff review of all proposals *1/5/84 - Committee review of proposals *1/12/84 - Committee preliminary final selections 1/13 - 1/18/84 - Financial Consultant review *1/19/84 - Committee final review and recommendations 1/20/84 - Committee report to word processing and press release 1/23/84 - Report available from word processing 1/30/84 - City Council special meeting to receive Committee report * Indicates Regular Committee Meeting It should be noted that in order to place an issue on the March 27, 1984 ballot, the filing deadline is February 22, 1984. WM/pn(0103p) POLICE FACILITIES LOCATION FACTORS i . CONSIDERATIONS A. MAXIMUM ACCESSIBILITY TO AREA BEING SERVED 1 . Public convenience 2. Central location to area served 3. Central to other municipal facilities, courts, meeting facilities, etc! 4 . Adequate ground space for expansion, and off-street parking for future needs. 5• Designed for future needs. (Police Administration, O.W. Wilson, 2nd edition; and Police Administration, Wilson/McClaren, 3rd edition) B. POLICE DEPARTMENT'S PHYSICAL LOCATION SHOULD BE AS CLOSE AS POSSIBLE TO THE CENTER OF OPERATIONS. 1. The work center of police activities, as determined by research, is the desirable spot for headquarters. (Municipal Police Administration, 5th edition) C. LOCATION SUMMARY: (Bureau of Operations and Research/International Association of Chiefs of Police) The site should be located somewhere near the geographical center of the city or in an area favoring the apparent growth direciton of the city. Some cities are growing rapidly in a given direction and on a long-range projection, this should be considered. Several factors should be taken into consideration when selecting the site including location, available land area, configuration, and relation- , ship of the site to major arteries and main highways that extend through- out the area. Primary consideraiion should be given to the selection of a site that will provide maximum accessibility to the community being served. The facility should be as close to the centers of business, industries, schools, welfare agencies, and the courts as circumstances permit and in an area which can be served by public transportation. Not only will this facilitate the use of such resources, but problems in staffing are simplified when there are not tiring and complicated daily trips to and from the facility. i Residents can best be served by the central location of all criminal justice components and activities in a centralized design concept. A location in the "activity center" of the community is a definite asset to the police department concerned with developing strong citizen support. 21. POL.TCE DEPARTMENT SQUARE FEET `Police Officer 100 *Administrative Secretary 150 *Community Service Officer 150 *Clerk/Dispatcher (4) 400 Chief's Office 200 Lieutenant's Office 200 Conference/Prisoner Lineup/Multi-Purpose 600 Crime Analysis 420 Detective's Office 300 Division Commander's Office 375 Equipment Storage 200 S.I. Room 400 0 Squad Room Male 650 Female 300 Shower Room Male 160 Female 80 Physical Fitness Room 500 Briefing Room 240 Patrol Division Commander's Office 200 Records Room 500 Supervisor's Office 150 Communications Center 300 Police Library 200 Report Writing Room 225 0 Records (Microfilm) 350 Supplies 430 Evidence/Property 430 Armory 200 Firearms Range 1,440 Recommended not on premise Equipment Room 250 Holding Cells 480 Prisoner. Booking Room 180 Interview Rooms 300 Prisoner Dock 575 Exterior space Reception Area 380 *Conference Room 400 Circulation/M,echanical/Janitorial/Restrooms 1,241 TOTAL: 13,656 GRAND TOTAL: 48,166 *Added to department's estimate of need *Changed from department's estimate TIGARD ' LIBRARY P .1 Phone 639-9511 12568 SW Main•Tigard, Or. 97223 MEMORANDUM November 18, 1981 TO: Civic Center Development Committee FROM: Tigard Library Board SUBJECT: Library Building Criteria After careful consideration and discussion, and following consultation with representatives of other library districts, the Tigard Library Board respectfully submits the following criteria for a new library for the City of Tigard: 1. Siting a. The library should be located in order to reflect that most library activities and pursuits are literary, cultural, and esthetic and the environment should foster and encourage these pursuits. b. The building must be efficient and flexible, to meet changes in needs and technology. c. The site should be within an area commonly traversed by patrons and away from noisy locations such as a fire station. 2. Size and configuration a. The library should have at least 12,000 square feet of usable area, preferably on one floor. b. The space should be essentially rectangular and approach a square in proportions. C. Provision should be made for future expansion to a minimum of 20,000 square feet. 3. Access a. Adequate and safe foot passage should be provided. b. Public transportation should be readily available. C. Easy auto entry and exit should be provided along with adequate parking. d. Handicapped persons should be adequately provided for. 4. Liveability a. Adequate heating, air conditioning, and ventilation should be provided. b. All areas should be properly illuminated for their intended uses with some provision for natural light. C. Sanitary, maintenance, rest, and conference space should be separate and adequate. d. Alternate energy systems should be incorporated. 5. Esthetics a. The exterior of the building should be esthetic-lly pleasing. b. The library should look like a "library". C. Landscaping should be attractive and relatively care free. d. Interior decoration and furnishings should be tastefully chosen and arranged. 6. Security a. Adequate fire and access alarms should be provided. b. Emergency access and exit should be considered. C. Passage to employees parking should be exposed and illuminated. d. The book drop should be incorporated in the building so that returns will go into the building. e. Patrons and staff should be visible when approaching and entering or leaving the building. ' . 1-18R0RY 30Wk2 FEET Reference ' 1 ' 150 Quiet Area 500 Adult Reading/Stacks 6.000 Audio-Visual/Periodicals 1 '000 Young Adult 1,000 Children's Library 2,000 Entry & Exhibit 500 Service Desk 800 Work Room 1.400 Librarians' offices/Small Conference Room 475 Staff Room 170 Rest Rooms 500 O Janitor's Space 200 Meeting Rooms (2) 500 1 `500 City Archives 200 Dead Storage/Utility Rnum 1,000 895 TOTAL: 18,895 CITY HALL Executive City Administrator 300 Administrative Secretary 200 Administrative Aide/Assistant (2) 250 Council Chamber 2,500 *Jury Boom 250 *Judge's Chambers 200 *Court Administration 200 *Attorney 200 *3ecretary/Receptiou 208 Finance Finance-------- Director 250 Administrative Secretary 200 Accountant Sr. 200 Accountant I I50 Billing Typist (2) 200 City Recorder 12c- Administrative 25&dmioistrativo Secretary 125 Clerk II 80 Clerk II 80 Clerk II (Bldr-' ) 8O Billing Typist 80 Vault 80 *Conference Room 225 Computer ]OO *Reception 300 !t8ddcd to Department' s estimate of need O-Chan�ed from |)cporLmen�'s c��i/na\ r ~ ' C}TY 1181,i (Conc. } N S De ar� untaI �guarcFc eL_ --------�� -�--- l50 Ca�hi e r Information Specialist 125 Computer Programmer 80 Data Entry Operator (Z) 150 *Conference 300 *Copy Center 200 O Reception 250 Mail Room 200 Planning, Building, Public Works ' Planning Director 250 Assistant Planner 150 Clerk II ( '5) 100 Code Enforcement Officer 100 Building Official 150 Chief Plans Examiner 150 Building Inspector (2) 200 Clerk II lOD Code Enforcement Officer 100 Public Works Director 150 Clerk II 100 Clerk II I00 Engineering Superintendent 150 Engineering Tech. I (3) 300 Engineering Tech. II (3) 300 Engineering Tech. III (l) 100 Conference Room 225 *Conference Boom II 150 *Conference Alcoves (2) lOD *Vault 150 Drafting Area 300 Storage 600 *Paper Storage 180 *Reception 300 Urban Renewal Agency 45O *Secretary 150 Circulation/MecbanicaI/Janiturial/8eotroomo 1 ,340 TOTAL: 14 '745 GRAND TOTAL: 47,296 *Added to Department' s estimate oil need 0-Changed from Department 's estimate SPACE NEEDS III 5-YEAR 5-YEAR 10-YEAR 10-YEAR 20-YEAR 20-YEAR MEASURE #51 REVIEW COMMITTEE NEEDS NEEDS NEEDS NEEDS NEEDS NEEDS CROW BLDG. WORKSHEET PER #1. 1 PER L.B. PER #1. 1 PER L.B. PER #1. 1 PER L.B. PLANNED LIBRARY: S.F. 9,000 15,000 18,000 11,000* (Net) $/S.F. 7. 18 $/Yr• 81,046 ------------------------------------------------------------------------------------------- POLICE: S.F. 6,000 8,500 13,500 10, 500 (Net) $/S.F. 7. 18 $/Yr. 73,390 ------------------------------------------------------------------------------------------ CITY HALL: S.F. 8,000 12,000 14,500 7,000 (Net) $/S.F. 7. 18 $/Yr. 50, 282 ------------------------------------------------------------------------------------------- PUBLIC: S.F. In Above In Above In Above 7,000 (Balance) $/S.F. 7.18 $/Yr. 50, 282 ------------------------------------------------------------------------------------------- FACILITY: S.F. 23,000 35,500 46,000 35, 500 SUB TOTAL: $/S.F. 7. 18 $/Yr• 255,000** ------------------------------------------------------------------------------------------- OTHERS: Shops As Is As Is As Is As Is Court Church. . Church. . Church. . In Above. . Mtg.Rm. School. . School. . School. . In Above. . Moving * O.T.O. Misc. ODM. . ODM. . 06M. . N/A ------------------------------------------------------------------------------------------- TOTAL: $/Yr. N/A N/A N/A 255,000 NOTES: *Average $25,000/move or $5,000/Year on 5-Year cycle. (10 + Year) *Addition contingent upon sale price. . . (10 + Year) **Assumes rental reduction. . . Year 5 - 10 requires completion of 2nd floor or use of rental offices. . . (pn/0104p) R r_ CATEGORY: SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY (City Use Only) NAME: ADDRESS: TELEPHONE: DATE: I. Suggested Site: (Must be within City of Tigard). A. Address: B. Description of Property: 1. Acreage: 2. Square Footage of Building/Buildings: 3. Present or Proposed Ingress/Egress : 4. If parking area is in place, how many spaces : C. Availability: 1. Present encumbrances, i.e. , existing leases, dual ownership, etc. 2. Estimated purchase price: 3. Use attached worksheet for rental, lease estimates. D. Suggested use of property/buildings (indicate 1 or any combination) : Civic Center with Police, Library, Administration Decentralized facilities Police and Administration Police and Library Library and Administration Police only Administration only Library only Other (describe) ADDITIONAL MATERIALS MAY BE SUBMITTED AND ATTACHED TO THIS WORKSHEET SUMMARY. ------------------------------------------------------------------------------- NOTES: (City Use Only) CURRENT NEXT SPACE NEEDS IIYEAR YEAR /.................... YEARS 1 - 5 ................ . . . . . ... ....../ /..•.... .. ..... ...... YEARS 6 - IU . .. .. .... . . . . .. . ....... .. .. ./ 10-YEAR "RENTAL OPTION"lt/ 82-83 83-84 84-85 8S-86 86-87 81-88 88-89 89-90 90-91 91 -92 92-93 93-94 TOTAL CITY HALL (S.F.) 6500 6500 8000 8000 8000 8000 8000 12000 12000 12000 12000 12000 ($ S.F.) @ 7.50 @ 6.00 @ 8.25 @ 8.25 @ 9.00 @ 9.00 @ 9.00 N 11.00 @ 11.00 @ 12.00 @ 12.00 @ 12.00 (S YR.) i 48.750 S S2.000 $ 66,000 $ 66.000 $ 72.000 S 72,000 $ 72.000 S 132.000 S 132.000 S 144,000 $ 144,000 S 144.000 POLICE (S.F.) 1600 3600 3600 3600 6000 6000 6000 8500 8500 8500 8500 8500 (i S.F.) -0- 10,000 10,000 10.000 @ 8.50 @ 8.75 @ 9.00 @ 10.00 @ 10.00 @111.00 @ 11.00 @11:00 (i YR.) -0- $ 10.000• S 10.000 S 10.000 S 39.000 S 52.500 $ 54,000 i 85.000 S 85.000 S 93.500 S 93.500 $ 93.500 LIBRARY (S.F.) 5000 5000 9000 9000 9000 9000 9000 15000 15000 15000 15000 15000 ($ S.F.) @ 2.88 @ 2.88 @ 8.00 @ 8.00 @ 8.80 @ 8.80 @ 8.80 @ 9.50 @ 9.50 @ 10.50 @ 10.50 @ 10.50 (S YR.) S 14.400 $ 14.400 $ 72.000 S 72.000 $ 79,200 $ 79,200 $ 79.200 S 142.500 S 142.500 $ 157.500 $ 157.500 S 157.500 OTHER -0- -0- $ 7.000(1) $ 7.000 S 7,000 S 7,000 1 7,000 S 10.000(2) i 10.000 1 10.000 S 10.000 $ 10.000 TOTAL S.F./YEAR 13100 15100 20600 20600 2300 23000 23000 35500 35500 35500 35500 35500 AVERAGE 1/S.F. @ 4.82 @ 5.05 @ 7.52 @ , 52 @ 8.51 @ 9.16 @ 9.22 @ 10.40 @ 10.40 Ea 11.40 La 11.40 @ 11.40 TOTAL $/YEAR $ 63.150 $ 76.400 $ 155.000 $ 155.000 S 197.200 S 210.700 S 212.200 S 369,500 S 369.500 S 405.000 S 405.000 $ 405,000 $2.884,100 20-YEAR YEARS 11 - 20 ... 94-9S 95-96 96-97 97-98 98-99 99-2000 2000-01 2001-02 2002-03 2003-04 TOTAL CITY HALL (S.F.) 14500 14500 14500 14500 14500 14500 14500 14500 14500 14500 14.745'• ($ S.F.) @ 12.50 @ 12.50 @ 13.50 @ 13.50 @ 13.50 @ 14.25 @ 14.25 @ 15.25 @ 15.25 @ 15.25 ($ YR.) $ 181,250 $ 181.250 S 195,750 1 195,750 $ 195.750 $ 206,625 S 206.625 S 221,125 $ 221,125 S 221,125 POLICE (S.F.) 13500 13500 13500 13500 13500 13500 13500 13500 13500 13500 13,656•• (S S.F.) @ 11.50 @ 11.50 @ 12.50 @ 12.50 @ 12.50 @ 13.25 @ 13.25 @ 14.25 @ 14.25 @ 14.25 (S YR.) $ 155.250 S ISS;?50 $ 168,750 S 168,750 S 168,750 $ 178,875 S 178.875 $ 192,375 S 192,375 $ 192.375 LIBRARY (S.F.) 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 t8.895•1 ($ S.F.) @ 9.50 @ 9.50 @ 9.50 @ 9.50 @ 9.SO @ 11.00 @ 11.00 @ 11.00 @ 11.00 @ 11..00 ($ YR.) S 171.000 1 171,000 $ 171,1000 S 17L.000 $ 171,000 S 198.000 S 198.000 S 198,000 S 198,000 S 198.000 OTHER $ 20,000(3) S 20,000' S 20,000 $ 20,000 $ 20.000 S 20,000 S 20.000 1 20.000 $ 20.000 1 20.000 TOTAL S.F./YR. 46000 46000 46000 46000 46000 46000 46000 46000 46000 46000 11.796-, AVERAGE $/S.f. @ 11.47 @ 11.47 @ 12.07 @ 12.07 @ 12.07 @ 13. 12 @ 13. 12 @ 13.73 @ 13.73 la 13. 13 TOTAL $/YEAR S 527,500 S 527,500 S 555,500 S 555.500 $ 555,500 $ 603.500 $ 603,500 S 631,500 S 631,500 S 631 ,500 18,101.000 (*)Purchase modular unit for Police @ 130.000 for 2,000 S.F. or SS/S.F, over 3 years...(1 )$35.000 Moving/Relocation/Remodel Costs or $7,000 for 5 years...(2)$50,000 Moving and Ienant 11 ..r:,,; r,.,,.,,r r,,,,,,.;tf- and Arrhil(ct's reconntendations. . . t i Police and Gty.A ce •: w fo N or built=to suit lease oi',1, pmt Sti Ynt ed, by December 15,1983; ij ►tid� RC rde , tgard tl' „1,`. ua requirements and forms8,, Boz 23397,'-Tigard,Oregdn1.972Z3'i�"' Publish-TTS288 DecembeitA83 a, k ' Y y y. f y Y T TE tllnr�. UtSCtttt'1 iUtJ I.;,ys vt.�. LINES tt _....__ ._ �rE I� �np /z� I�nll rnnl .I 'x, unt. � G.n�l.( E nn+.u•,c - T__ 1 1 I 1 I 1 i f I I I ( 1 1 t t I 1 I 1 I I I € �04 THC CITY 'IF' Tl.!-. _ 1 i3 1 1 112 37 . 1 i �� •�7 r � I 1 i If'.IY• 1 � I f I 1 I i I I - 1 I I 1 1 1 ! 1 l 1 I I 1 1 1 I i 1 i I 1 i t I S. 3 R CASH OR CREDIT F REFUND R•CHARGE OR DaIT G'RATE ADJUSTWIENT TOTAL uN£s 7PATHIS STATEMENT E{OMAN 6 ADJUSTMENT T MSC ADJUSTMENT {ECT:TO EARNED RATES Atop 0[SDOU .A PUBLISHING COMPANY CONTRACT INFORMATION PORTLAND,ORECON 47208 PAPER EXPIRES SIZE CONTRACT V.T.O.LINES tiARD � CITY 11F 1,2/G4!°3 BILLING DATE i -- - — 21664oh I� _ • _ • 1104 ACCOUNT NO. WERTiSING DUE AND PAYABLE ;ECEiPT OF THIS STATEMENT, 4 TOTAL REQUEb-rov t 7 / •_•• - -- ! ,J 30 APPROPRIATION BALANCE $ Amount Initials APPROVALS: U SECTION MANAGER (Less than $100) DEPARTMENT HEAD ¢ CITY ADMINISTRATOR'S APPROOE r-_-_-_r______________ ACCOUNTING PURPOSES ONLY -------- -------------------------- =1 Signatures Checked M E M O R A N D U M December 9, 1983 TO: Those Submitting Facility Space Needs Proposals FROM: Library Board / Space Needs III Review Committee SUBJECT: Submittal of Proposals The Tigard Library Board has been asked by the City Council to act as a Review Committee for the City 's Space Needs III Study. The Library Board/Review Committee will consider any proposal which meets the City 's Library, Police and/or City Hall office space needs. The City Council has asked for a report on January 30, 1984. Proposals at this stage should be complete enough for preliminary feasibility evaluation. All proposals must be submitted in writing on the attached form. The Head Librarian, Police Chief or Public Works Director may be contacted for further information. A site map is preferred. Additional materials may be attached to the application form. Formal bids under Oregon law may be required later prior to final selection. Information submitted becomes a matter of public record and is subject to the Oregon Open Meetings Law. Monday, December 19, 1983, 5:00 P.M. , is the deadline for submitting proposals: Ob Tigard City Hall, P. 0. Box 23397, Tigard, Oregon 97223, or delivered to City Hall at Burnham and Ash Streets. The Library Board/Review Committee intends to categorize proposals as follows : (1) Rental only, for all departments ; _ (2) Library bond, with rental for Police and Administration; (3) Build to suit, lease or lease—purchase option; (4) Bond election (for a Civic Center or decentralized sites) ; (5) Other proposals which do not fit the above categories, but also meet the criteria will be considered . The three or so best from each category will be selected for final review. Proponents may then be asked for additional information. Thank you for your interest and assistance. (pn/01181)) CATEGORY: CITY OF TI17ARD (City Use Only) WASHINGTON COUNTY,OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: ADDRESS: TELEPHONE: DATE: I. Suggested Site (Must be within City of Tigard) : A. Address : B. Description of Property: 1. Acreage: 2. Square Footage of Building/Buildings : 3. Present or Proposed Ingress/Egress : 4. If parking area is in place, how many spaces : 2. Availability: A. Present encumbrances (i .e. , existing leases , dual ownership, etc . ) : B. Estimated purchase price: 3. Any Other Major Factors : COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/0105p) ll+ CITY OF T117ARD WASHINGTON COUNTY,OREGON SPACE NEEDS III WORKSHEETS REVIEW COMMITTEE 5-YEAR 5-YEAR 10-YEAR 10-YEAR 20-YEAR 20-YEAR MINIMUM REQUIREMENTS NEEDS PROPOSAL NEEDS PROPOSAL NEEDS PROPOSAL LIBRARY: S.F. 9,000 15,000 18,000 $/S.F. N/A NIA N/A $/Yr. N/A N/A N/A ----------------------------------------------------------------------------------------------- POLICE: S.F. 6,000 8,500 13,500 $/S.F. NIA N/A N/A $/Yr. NIA N/A NIA ----------------------------------------------------------------------------------------------- CITY HALL: S.F. 8,000 10,000 12,000 $/S.F. N/A N/A N/A $/Yr. NIA N/A N/A ----------------------------------------------------------------------------------------------- �,sow MEETING S.F. Schools Schools sv� HALL: $/S.F. NIA NIA N/A $/Yr. NIA N/A N/A ---------------------------------------------------------------------------------------------- SUB TOTAL/ S.F. 23,000 33,500 45,000 FACILITY: $/S.F. NIA NIA NIA $/Yr» N/A N/A NIA ---------------------------------------------------------------------------------------------- OTHER: NIA N/A NIA TOTAL: $/Yr. NIA NIA NIA COMMITTEE USE ONLY BELOW THIS LINE . . . (pn/0104p) CURRENT NLXI SPACE NEEOS II YEAR YEAR /.... ..... ........... YEARS I - 5 .. . . . . .. . .. . . . . . . . . . . . . . .. . . . ./ /..... . . . . . . .. . . . .... YEARS 6 10 . . . . . . . . . . . . . . . . . . . . ... . . . . ./ 10-YEAR -RENTAL OPTION 41 82-83 83-84 84-85 85-86 86-87 87-88 88-89 89-90 90-91 91 -92 92-93 93-94 IOIAL CITY HALL (S.F. ) 6500 6500 8000 8000 8000 8000 8000 12000 12000 12000 12000 12000 (1 S.F.) @ 7.SU @ 8.00 @ 8.25 @ 8.25 @ 9.00 @ 9.00 @ 9.00 _(� 11.00 @ 11.00 @ 12.00 @ 12.00 @ 12.00 (S YR.) 1 48,750 i 52,000 1 66.000 S 66,000 S 72.000 1 72,000 $ 72,000 1 132,000 S 132.000 $ 144,000 1 144,000 $ 144,000 POLICE (S.F.) 1600 3600 3600 3600 6000 6000 6000 8500 8500 8500 8500 8500 (S S.F.) -0- 10,000 10,000 10.000 @ 8.50 @ 8.75 @ 9.00 @ 10.00 @ 10.00 @'11.00 @ 11.00 @ I1:00 (S YR.) -0- f 10.000• S 10.000 i 10.000 S 39.000 $ 52.500 $ 54.000 S 85.000 i 85.000 S 93.500 $ 93.500 $ 93.500 LIBRARY (S.F.) 5000 5000 9000 9000 9000 9000 9000 15000 15000 15000 15000 15000 (S S.F.) @ 2.88 @ 2.88 @ 8.00 @ 8.00 @ 8.80 @ 8.80 @ 8.80 @ 9.50 @ 9.SO @ 10.50 @ 10.50 @ 10.50 (S YR.) S 14,400 1 14.400 S 72,000 S 72,000 $ 79.200 $ 79,200 $ 79,200 1 142,500 S 142.500 1 157,500 $ 157,500 1 157.500 OTHER -0- -0- 1 7,000(1) S 1,000 S 7,000 S 7,000 $ 7,000 1 10,000(2) $ 10,000 $ 10,000 1 10.000 1 10.000 IOIAL S.F./YEAR 13100 15100 20600 20600 2300C 23000 23000 35500 35500 355017 35500 355Ou AVERAGE 1/S.F. @ 4.82 @ 5.05 @ 7.52 (a ' 52 @ 8.51 @ 9.16 @ 9.22 @ 10.40 @ 10.40 (a 11.40 @ 11.40 @ 11.40 TOTAL $/YEAR S 63,150 S 76.400 $ 155,000 $ 155,000 1 197,200 S 210,700 S 212.200 S 369.500 $ 369.500 1 405,000 1 405,000 $ 405.000 $2,884.100 20-YEAR YEARS it - 20 ... 94-95 95-96 96-97 97-98 98-99 99-2000 2000-01 2001-02 2002-03 2003-04 TOTAL CITY HALL (S.F.) 14500 14500 14500 14500 14500 14500 14500 14500 14500 14500 14,745•• ($ S.F.) @ 12.50 @ 12.50 @ 13.50 @ 13.50 @ 13.50 @ 14.25 @ 14-25 @ 15.25 @15.25 @ 15.25 ($ YR. ) 1 181,250 $ 181,250 1 195,750 S 195,750 S 195,750 $ 206,625 S 206,625 $ 221,125 $ 221,125 S 221,125 POLICE (S.F. ) 13500 13500 13500 13500 13500 13500 13500 13500 13500 13500 13,656-- (1 S.F.) @ 11.50 @ 11.50 @ 12.50 @ 12.50 @ 12.50 @ 13.25 @ 13.25 @ 14.25 @ 14.25 @ 14.25 (S YR.) S 155,250 S 1551?SO S 168,750 1 168,750 S 168,750 S 178.875 S 178.875 $ 192,375 1 192,375 $ 192,375 LIBRARY (S.F. ) 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 18.895" (S S.F.) @ 9.50 @ 9.50 @ 9.50 @ 9.50 @ 9.50 @ 11.00 @ 11.00 @ 11.00 @ 11.00 @ 11.00 IS YR. ) S 171,000 S 171,000 $ 171,000 $ 17L,000 S 111,000 S 198,000 1 198,000 S 198,000 S 198.000 $ 198,000 OTHER $ 20,000(3) S 20,000' S 20,000 S 20,000 S 20,000 S 20,000 $ 20,000 $ 20.000 S 20,000 S 20,000 TOTAL S.F./YR. 46000 46000 46000 46000 46000 46000 46000 46000 46000 46000 .11.;91, AVERAGE i/S.F• @ 11.47 @ 11.47 @ 12.07 @ 12.07 @ 12.07 @ 13.12 @ 13. 12 @ 13.73 @ 13.73 (a 13.13 TOTAL $/YEAR S 527,500 $ 527,500 $ 555,500 $ 555,500 S 555,500 $ 603.500 1 603,500 $ 631,500 1 631,500 S 631 ,500 $8.101.0011 (')Purchase modular unit for Police @ $30,000 for 2,000 S.F. or SS/S.F, over 3 years. . .( 1 )$35.000 Moving/Relocation/Remodel Costs or $7,000 for 5 years. . .(2)550,000 Moving and lenant - '^ ••/' •.�r r^^rr,r r,^ vir- -I Arrhi,ort 'S recon,endaLions. . . j CAT 'COKY: f t CITY OF TI � (City Use Only) WASHINGTON COUNTY.OREI�V SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: RICHARD N . STURGIS A . I . A. ADDRESS : 2216 s . ,., . SUNSET BLVD . , PORTLAND , 02EGON , 97201 TELEPHONE: 503-246 6520 DATE: 12/1883 1 . Suggested Site (Must be within City of Tigard) : YES , IT IS II`: C . B . D. A. Address: 13055 S .`r;. HALL BLVD. , TI--:ARD , OR7CON B. Description of Property: 1. Acreage: ALL OR PANT OF 4 . 8 ACRES , 384 ' FRONTAG- ON HALL 2. Square Footage of Building/Buildings : HULL LXISTINC , WC"' ...i) -BUILD TO SUIT. • 3. Present or Proposed Ingress/Egress : hALL, BLVD: ,:ANDBURNHAT _AVE. 4. If parking area is in place, how many spaces : NONE EXISTING, WOULD PROVIDE AS MANY AS NEEDED 2. Availability : A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : NONE , AVAILABILITY IMMEDIATE B. Estimated purchase price: $6 . 00/SQUARE FOOT WOULD ALSO CONSIDER A GROUND LEASE 3. Any Other Major Factors : WOULD CONSIDER ALL CATEGOTIES , NO. 1 THRU 4 THIS PROPERTY FRONTS ON THE PARK FOR OVER 500 ' ON THE SOUTH AND OVER 200 ' ON THE WEST. THE PARK DEVELOPMENT IS THE BEST AMENITY THE C . BD. HAS TO OFFER. WOULD BE A SHAME NOT TO LOCATE NEXT TO IT. COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES : (pn/0105p) ICATECOK : i (City Use Only ) OF TIGA SPACE NEEDS III WA HiNGTON COUNTY,OREGON PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: Estate of Otto Sorg., Per Rep c, ADDRESS: 14865 r.l' 72nd Ave., Tit-,r.rd, Orecon 972r.;; TELEPHONE: 639—9 515 DATE: Ueceriber 19 1903 I . Suggested Site (Must be within City of Tigard): A. Address • 12568 Main St., TiCr rd, Orei;on B. Description of Property: 1. Acreage: Unlmmrn 2. Square Footage of Building/Buildings : as per existing 3. Present or Proposed Ingress/Egress : as per existing, proposed unkncrrn 4. If parking area is in place, how many spaces : as per existing 2. Availability: A. Present encumbrances (i.e, , existing leases , dual ownership, etc. ) : Existing leases B. Estimated purchase price: linr,rio-vn 3. Any Other Major Factors : Lx; stir.; enr nt. ht:s gnt o,' r'ir #. 1;efurE- 1. COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/0105p) i ;1 1 CATE CORY CRY OF TIGARD (City Use Only) WASHINGTON COUNTY, OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: Joseph W. Davis ADDRESS: 8975 S .W. Burnham St. , Tigard , Oregon 97223 TELEPHONE: 639-3308 DATE: December 19, 1983 1 . Suggested Site (Must be within City of Tigard) : A. Address : 8973 S.W. Burnham St. B. Description of Property: 1. Acreage: 1.42 Acres 2. Square Footage of Building/Buildings : XIX 'fX/ �1kVA!V JeX )W;I1XX7/$X. 3. Present or Proposed Ingress/Egress : 170' frontage on Burnham (370 ' frontage on proposed Ash Ave r 4. If parking area is in place, how many spaces : None 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : Immediate Availability - Mortgage approx. $48, 000. B. Estimated purchase price: Land & existing buildings - $235, 000. 3. Any Other Major Factors : Property available as is or will build to suit, lease or lease-purchase option COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/0105p) CA•rt.CORY: I CITyOF T11 ARD (City Use Only) WASHINGTON COUNTY,OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: Richard Sundeleaf, A. I .A. ADDRESS: 4512 SW Kelly TELEPHONE: (503) 227-3401 DATE: December 16, 1933 II. Suggested Site (Must be within City of Tigard) : A. Address: (tax lot 2800, 2900 & 3000) 9020 SW Burnham, 12800 SW Ash and the intermediate lot B. Description of Property: 1. Acreage: _34 acres . .23 acres and 3. 15 acres total : 3. 72 acres 2. Square Footage of Building/Buildings : aaroximately 5800 soft existing , additional 46,000sgft.proposed 3. Present or Proposed Ingress/Egress : existing ingress/egress from SW Ash I4. If parking area is in place, how many spaces : aproximately 40 spaces on site, additional 60 proposed ' 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : tax lot 2800 & 3000 currently owned by the City of Tigard , lot 2900 privately owned B. Estimated purchase price: tax lot 2900 assessed at $37 ,000 ' 3. Any Other Major Factors: Site is of adequate size to contain the City's ' needs for the next 20 years. It is centrally located and is nearly entirely City owned. ' ss zz .z az es .z zz zz zz COMMITTEE USE ONLY BELOW THIS LINE . . . ' LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL INOTES: (pn/0105p) CATEGORY: CITY OF TI�ARD (City Use Only) WASHINGTON COUNTY, OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: R. A. Cray S C'n_ - Rnh Gray ADDRESS : P. 0. Box 23516, Tigard , OR 97223 TELEPHONE: 639-6127 DATE: December 15 , 1983 1 . Suggested Site (Must be within City of Tigard) : A. Address : Burnham at Hall (old Air King site) B. Description of Property: 1. Acreage: Two Acres With One Additional Acre Available 2. Square Footage of Building/Buildings : 25,200 square feet 3. Present or Proposed Ingress/Egress : Two shown: One at Burnham and One at Hall 4. If parking area is in place, how many spaces : 99 spaces (proposed) 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : No encumbrances-two tenants on 30 day rent with 30 day notice required B. Estimated purchase price : $1 ,750,000 Five year lease , triple net at $200,000/year. 3. Any Other Major Factors : New Structure , All Concrete , Lease-Purchase Option Available -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES : (pn/0105p) CATEGORY: CITY OF T117A RD (City Use Only) WASHINGTON COUNTY,OREGON S AC NEEDS III j PROPOSAL INFO ION WORKSHEET SUMMARY NAME: ADDRESS: a141,1,,zq 0-T, TELEPHONE: DATE: 1. Suggested Site (Must be within City of Tigard) : A. Address : CCOC-3, UJ)4VZF-At')01 E- -F,,, I B. Description of Property: 1. Acreage: 2. Square Footage of Building/Buildings : Ll 11 6)n 3. Present or Pro sed Ingress/tgress : 4. If parking area is in place, how many spaces : 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : &V-4�1 6AA1AkA- .1114 04222L� I - I t'�' B. Estimated purchase price: CCC) 3. Any Other Major Factors : 1'5er' am L) JyaAe, L9- ' C4, U COMMITTEE USE ONLY BELOW HIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES : (pn/0105p) CATECORY: CITY OF TIFARD (City Use only) WASHINGTON COUNTY,OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: WILBUR BISHOP, MAYOR ADDRESS: C/O City Hall, Tigafd, Oregon TELEPHONE: 639-4171 DATE: 12/12/83 1 . Suggested Site (Must be within City of Tigard) : A. Address : Burnham & Ash (Crow Site) B. Description of Property: 1. Acreage: Approximately 4 acres (22 useable, 12 floodplain) 2. Square Footage of Building/Buildings : 27 ,000 sq. ft. warehouse + 6,800 sq. ft. (2-story) office 3. Present or Proposed Ingress/Egress : Burnham & Ash 4. If parking area is in place, how many spaces : over 100 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : Crow ownership, Tek Lease, & City Lease B. Estimated purchase price: $1 million (including legal costs) 3. Any Other Major Factors : If Tek renews lease beyond June 30, 1984 may have relocation costs . . . COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/0105p) CATEGORY: SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY (City Use Only) ��C1` NAME: - ADDRESS: V TELEPHONE: 42 0 — J-5— 7 7 DATE: 1,2 I. Suggested Site: (Must be within City of Tigard). A Address: (�k Q 0,5— S #44 n Z 1'1f� -,*.. ...... P0 B. Description of Property: 1. Acreage:0 9,2 r C' /c/20 / X 00 4 -S-0 2. Square Footage of Building/Buildings: Po F.A. 3. Pefit or Pr(ap(osed Ingress/Egress: -Z f7 5s 0-h ri2 rr 14C C-C S 5 2 ka 4% 4 4. If Darking area is in place,,�ow many spaces: -,� tP 6,2, S�o a cr 5- 7v �c C. Availability: 1. Present .encumbrances, i.e. , existing leases, dual ownership, etc. (Jx n 2. Estimated purchase price: S L'20O. "" 7, Z2770 5' fj- A,-Z o A. C C' S /e- c'; 3. Use attached worksheet for rental, lease estimates. D. Suggested use of property/buildings (indicate 1 or any combination) : Civic Center with Police, Library, Administration Decentralized facilities Police and Administration rcie tl Vt Police and Library Library and Administration Police only Administration only Library only Other (describe) ti Ch-,`, 76 hjEla 0/ 000 1a10 0 a ADDITIONAL MATERIALS MAY BE SUBMITTED AND ATTACHED TO THIS WORKSHEET SUMMARY. -------------L NOTES: (City Use Only) CATEW RY: 77 CITYOF T16ARD (City Use Only) WASHINGTON COUNTY,OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: Anthony Plaksym (real estate broker) ADDRESS: 13565 S .W . 72nd Ave . , Tigard , Crei7on 97223 TELEPHONE: 639-4552 DATE: December 14 , 1983 1 . Suggested Site (Must be within City of Tigard) : A. Address : 14750 S .W . 72nd Ave . B. Description of Property : 1. Acreage: 2 .94 acres 2. Square Footage of Building/Buildings : 8,000 square feet, main floor ( three stories hi>;h) 3. Present or Proposed Ingress/Egress : 72nd Ave . 4. If parking area is in place, how many spaces : Up to 2 .94 acres 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : When sold, the property could be delivered free and clear of all liens and encumbrances . B. Estimated purchase price: 9700,O00 .00 ( Seven hundred thousand dollars) 3. Any Other Major Factors : This is a unique property that could fill the reasonable space requirements for police , public works , and administration for the next 20 years . COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/O105p) =1 CAT F.fX)Tt1' CI ! i Of T[FARD (City Use Only) WASHINGTON COUNTY,OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: /JP/Z � ��GL t-e-/)7'q ADDRESS: / �' L/C --P_--. / TELEPHONE s,-�r.�'t�>itc Wzs L-.j 4. %j' DATE: / ? — / ¢- — � 1. Suggested Site (Must be within City of Tigard): A. Address : B. Description of Property: I Acreage: /Ic t-'S 411- fl /37 92- .X 2. Square Footage of Building/Buildings: p3. Present or Proposed Ingress/Egress : ° ► > 7J�',v,� I-, c GJn -tint 4. If parking area is in place, how many spaces : 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : C'"; t �IiC4: C/ tfi,l.iiiVr��. <<vS -P ie L� % O2 57;-4f r B. Estimated purchase price: �t C�c. ��tt. ;�� %moi[. Cff.rJ 5 L D ^` L/, ;j41C 1" �- Cf2TiLc—?? 3. Any Other Major Factors : �t�';lIt- / z 4 L '. iN G ii / i [.i L. C "C G�1� c /L /Yr J �;-_�,,,.� :J.9�w� �.%/%/-f ��- �/��-c: f�L-i/.�� _7 �g�r`fCt C..liLL. ^_h � �"�Y"•',"�� N 6 c c� c��--- COMMITTEE USE ONLY BELOW THIS LINE . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/O105p) C\� 1 OF T1 n (City Use 0'-' 1y )VASHINGTON COUN ORE N SPACE NEEDS III PR POSAL INFORMATION WORKSHEET SUMMARY NAME: [ �1� �J,c t 7Zlr s ADDRESS : TELEPHONE: DATE: 1 . Suggested Site (Must be within City of Tigard ) : A. Address : 70 S �!�"�1 , 7--2—? B. Description of Property : 1. Acreage: 2. Square Footage of Building/Buildings : 3. Present or Proposed Ingress/Egress : 4. If parking area is in place , how many spaces : 2. Availability : A. Present encumbrances ( i .e. , existing leases , dual ownership, -etc . ) : B. Estimated purchase price : 3. Any Other Major Factors : COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES : pn/0105p) Li CLO ' it;Mr�t� . CITYOFTIGARD _ (city use only) WASHINGTON COUNTY. OREGON SPACS II1 PROPOSAL INFORMORKSHEET SUMMARY NAME: Robert W. Ruff ADDRESS: 9025 SW Burnham St . , Tigard , OR 97223 TELEPHONE: 620-7915 DATE: December 19 , 1983 1 . Suggested Site (Must be within City of Tigard) : A. Address : 9025 SW Burnham St . , Tigard , OR B. Description of Property: 1. Acreage: 39 acres 2. Square Footage of Building/Buildings : 1800 ft2 3. Present or Proposed Ingress/Egress : Burnham St . 4. If parking area is in place, how many spaces : Paved parking for six cars 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc . ) : 1st mortgage about $40 , 000. 00 , 2nd TD $18 , 000 . 00 . B. Estimated purchase price: $ 118 , 000. 00 3. Any other Major Factors : see attached for alternatives to an outright cash purchase. COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES : (pn/0105p) C A 11 C.0 K Y CITY OF TIGA RD (City Use Only) WASHINGTON COUNTY.OREGON SPACE NEEDS III PROPOSAL INFORMATION WORKSHEET SUMMARY NAME: 6AXOtta15A 6 r. r1 15Y..(L �r-4p�xr 'As4gc-, 0"'Qe ADDRESS: 1001 SW pit-7u _-:�"trzr 1104 tool-7u-JO., 01zfX-'VAJ TELEPHONE: Z4/-o-7) DATE: 1211 4 ZSJ 1. Suggested Site (Must be within City of Tigard) : A. Address : 520-S -5. a. I-luAi vzue-R— B. Description of Property: 1. Acreage: . 2214CV---S 2. Square Footage of Building/Buildings : 3. Present or Proposed Ingress/Egress : arse 4 U N 7-1 4. If parking area is in place, how many spaces : 4 A-Ty--41 2. Availability: A. Present encumbrances (i.e. , existing leases , dual ownership, etc. ) : ,Mo lm() Lis tr 4j.,;ry 4. T. 1E. or o 0 B. Estimated purchase price: '&K9K50'000 0"t 3. Any Other Major Factors : ALF-,/45f 5/VF 4n4C"-,T4 COMMITTEE USE ONLY BELOW THIS LINE . . . LAND ONLY LIBRARY SHOPS CIVIC CENTER POLICE DECENTRALIZED CITY HALL NOTES: (pn/0105p) 11I SUMMARY SHEET PROPOSAL CATEGOR# LOCATION LONGEVITY FACILITY ACREAGE COST COMMENTS PURCHASE204,000 - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 V BUILD TO SUIT HALL BLVD. & FANNO 20 years L. P. A. 4.8 Unknown S19RO JZ72 PURCHASE MAIN ST. ? L ? UNKNOWN UNKNOWN -Dgv/.s 3 PURCHASE- - - - - - - - - - - - - - - - - - - - UNKNOWN - - - - - - - - - UNKNOWN - - - - - - - - - - - - - - - - - - - - - -42 23 ,000- - - - - - - - - - - - - - - - - - - - - Y'Tr ��'++ BUILD TO SUIT BURNHAM UNKNOWN UNKNOWN UNKNOWN BOND BURNHAM & ASH 20 years L. P. A. 3.72 2,107,000 4 n nQ�n1�/ P.W. BUILD TO SUIT BURNHAM & HALL 5 year L.-P. A. 2 + (1) 1,750,000 5 - - - - - - - - - - - - / LEASE OPTION .2000,000/year NNN w e�lo EL 240,000 to 300,000 per/yr 6 LEASE/PURCHASE BURNHAM & ASH 20 year L. P. A. 2.5 V 7 BOND BURNHAM & ASH 20 YEARS 'L. P. A. 2.5 2,000,000 W r�" RENTAL/BOND HUNZIKER & ASH 7-10 YEARS L. P. A. .9 1,500,000 1.51 5 MAKS y/7'1 q PURCHASE - - - - - - - - 7�RSdbVE - - - - - - - - - �Q_YEARS- - - - - - - - - .94 P.'A_- -- - - - - - - - 20 - - - - - - - - - 700,00 - - - - - - - - - - - - - - - - - - - - - - - - - - - - `/� .59 UNKNOWN � Y,�/ BOND ASH & BURNHAM 20 YEARS L• PURCHASEHUNZIKER 5 YEARS 10 - P. A. .92 995,000 8,000/month NNN LEASE OTHER --- - — nothing .22 80,000 11. DOES NOT MEET CRITERIA WALNUT ST RENT/LEASE/PURCHASE BURNHAM UNKNOWN .39 118,000 f 12 V r/'�✓��L PURCHASE SHADY LANE 10 year L. P. A. ? ' UNKNOWN 2,000,000 ✓r 13 14 r 9135 2 r sc T / alp t a a pr + Ff T Jr�� sy. t 13> /L /y 1 7 STREET p mARA e r PRESENT VALUE RANK ORDER SUMMARY OPTION 5-YEAR COST / RATE TOTAL COST PRESENT VALUE Crow Site - B $1,298,000 / $.28 $ 5,225,000 $2,957,000 (Bishop) Crow Site - A $1,298,000 / $.28 $ 6,166,000 $3,393,000 (Zack) 72nd Avenue $1,864,000 / $.40 $ 7,321,000 $4,170,000 Air King - B $1,218,000 / $.27 $ 9,128,000 $4,478,000 (Bond Now) Sturgis $1,264,000 / $.27 $ 9,357,000 $4,604,000 Weiggel/Crow $1,585,000 / $.34 $ 9,690,000 $4,666,000 Sundeleaf $ 937,000 / $.20 $10,196,000 $4,727,000 Air King - A $ 945,000 / $.20 $11,045,000 $4,904,000 (Rental & Bond) GTE $1,143,000 / $.25 $12,173,000 $5,578,000 Rental $ 961,400 / $.22 $11,560,900 ----------- (pn/0164p) MUNICIPAL FACILITY PROPOSAL ASSESMENT Bond /--7 Lease Purchase !'-7 Rent /--7 o - c 3 °• G q N9 N7 7 �0i,G-y N �' 0 �N �n N y N' �° N��-S cG 7 �°.°°i 93 pn Gc, Y.N cfY'�°u '.. Gr� � E�0h8'd�� 'r�N✓N�2 N°N No p 7EG^Sc,l,7 e0, o ° 0 to p Jc C •p• e•po Jp o sL, �C• Gy of h 0 PIP \ Rate each as a 110,1,2,3,4, or 5" in terms of how well it addresses the criteria. "0" is "the project will not PROPOSALS address this criteria_", and "5" is "the project directly addresses the criteria". z 1. Sturgis 57.4 i 2. Air King Ill 54.8 z 3• Sunderleaf 51.8 0 4• Crow - Bishop 47.4 cn GTE 26.8 J. 7. 0 i0. SPACE NEEDS ALTERNATIVES (To meet 2.2 Million Bond) TO: Library Board FROM: Walt Munhall, A B* C** 10-yr. 1st alternative 2nd alternative Library 15,000 12,000 10,500 P• D. 8,500 7,250 6,500 Admin. 10,000 9,000 8,000 33,500 28,250 25,000 23,000 s.f. - $1,412,614 includes exterior development landscaping and professional fees A B C 10-yr. 10-year 7.5 vr. 1. ASH/BURNHAM (Munhall) - Bond Purchase Davis $ 235,000 $- 235,000 $ 235,000 Purchase Ash House 35,000 35,000 35,000 Build 33,500 s.f. 2,057,570 12735,115 1,535,500 $2,327,570 $2,005,115 $1,805,500 2. SUNDELEAF (PW - Nov) - Bond Purchase Ash House $ 35,000 $ 35,000 $ 35,000 Build 33,500 s.f. 2,057,570 1,735,115 1,535,500 Purchase PW site 700,000 700,000 700,000 $2,792,570 $2,470,115 $2,270,500 3. AIR KING (R.A.Gray) Bond (Lease available) Sell Police $( 40,000) $( 40,000) $( 40,000) Purchase 3 acres 455,177 455,177 455,177 Build 33,500 s.f. 2,057,570 1,735,115 1,535,500 $2,4721-747 $2,150,292 $1,950,677 4. GTE RENTAL/NEW LIBRARY (Bond - Short term lease) Purchase Davis/Tarkinian $ 400,000 $ 400,000 $ 400,000 Sell Police site 40,000) 40,000) 40,000) Build Library 15,000 s.f. 921,300 737,040 644,919 Purchase 1 acre Air King 152,000 152,000 152,000 Rental 1-5 N/A N/A+ N/A+ Build year 6/18, 500 s.f. 1,136,270 552,780 491,360 $2,569,570 $1,801,820 $1,648,270 +Rent - $96,000 a month 480,000 480,000 $2,569,570 $2,281,820 $2,128,270 5. STURGIS Purchase 3 acres @ $4.50 $ 588,060 $ 588,060 $ 588,060 Purchase Easement 50,000 50,000 50,000 Build 33,500 s.f. 2,057,570 1,735,115 1,535,500 Sell Police site ( 40,000) ( 40,000) ( 40,000) $2,655,630 $2,333,175 $2,133,560 6. CROW A (Zaik) - Bond Purchase Property $1,100,000 $1,100,000 $1,100,000 Remodel 27,000 s.f. 1,039,500 1,039,500 1,039,500 Professional fees 72,765 72,765 72,765 $2,212,265 $2,212,265 $2,212,265 7. CROW B (Bishop) - Bond Purchase Property $1,100,000 $1,100,000 $1,100,000 Remodel 1,000,000 11000,000 1,000,000 $2,100,000 $2,100,000 $2,100,000 Space Needs Alternatives - page two 8. Rent-As-Needed $2,803,900 *Halfway between 5 b 10-year needs **halfway between A b B SPACE NEEDS ALTERNATIVES TO MEET 2.2 MILLION BOND A B C 10-year 1st Alternative 2nd Alternative Library 15,000 12,000 10,500 Police Dept. 8,500 7,250 6,500 Administration 10,000 9,000 8,000 33,'500 28,250 25,000 Proposals qualify as shown: 10-year 7.5 year Median Proposal Proposal Proposal Crow Crow Crow Ash/Burnham Ash/Burnham Air King Sundeleaf Air King GTE Sturgis 1/19/84 January 19, 1984 Mr. Bob Jean City Administrator City of Tigard 12755 S.W. Ash Tigard, Oregon 97223 Reference: Court Space Needs Dear Mr. Jean: I would like to indicate my concern that with the steady increase in the docket load of the Municipal Court of the City of Tigard, we are in need of better facilities for the holding of court. We are now having court sessions every Tuesday night at the Tigard Baptist Church. These premises will not accommodate jury trials and we must address this problem in some manner in the immediate future. Our work load has increased by roughly 30% over the last two years and we anticipate a 50% increase within the next four months. We are holding arraignments at City Hall every Thursday morning. We are scheduling a full day of attorney trials every other month. It is becoming apparent that in the near future additional time is going to be necessary to accommodate the ever increasing case load. The majority of Municipal Courts are able to meet their case load demands by use of city facilities such as Council Chambers, in lieu of a single use court room. I recognize such facilities are not available in Tigard at this time, however, I would hope that the needs of the Municipal Courtin this re- gard can be borne in mind in any future city plans. re s {� 0�i t Anthony P ay, Jr. Tigard Municipal Court Judge AP/lm r/ Real Estate Appraisals and Consultations Phone(503)648-8906 408 S. E. Baseline P.Q. Box 178 OLD F. MEYER, M.A.I. - Hillsboro,Oregon 97123 r ARA—Res.357-3439 r G. Ritchey—Res. 357-7313 J u 1 v 27. 1981 -a B.Humphrey—Res.635-6026 Ird G.Tisdale—Res,985-7146 am A. Larick — Res.357-7790 Mr. Frank Currie Acting City Administrator City of Tigard P. O. Box 23397 '— Tigard, Oregon 97223 Re: Crow Engineering Property Our Fila No. 7321-1 Dear Mr, Currie: In response to our agreement under my letter of July 3, 1981, I have -1 prepared an appraisal of the Crow. Engincering property after a complete inspection of the property and full analysis of the problems- involved in i reference to economic and social data and their impact upon price variables. After analysis of all three approaches to value, it is my opinion and '. ,! I estimate the Fair Market Value of the property to be, as of July 15, 1981, ONE MILLION ONE HUNDRED SEVENTY-FIVE THOUSAND do NOI100 DOLIARS r ($1,175,000.00) . I direct you to the attached report for our findings and conclusions ;L and the rationale and supporting data. I have assumed title in fee simple, but no responsibility is assumed for conditions of title, nor matters of a legal nature, nor matters which a competent land survey might show, nor for purported facts or data furnished to us by others, however I believe the same to be true and accurate. No responsibility is assumed for any conditions not visible to the naked eye. Fr;mk Crlrri(_- Act int! Ci1v Adminislralt)r Ci I 4,1 it ;trtl .I111•.• 27 . 1981 -2- i;I v(., 2_h:tvc math certain ;tsstnnplitis 1-4.1alivc Iit I1I( Ilttttd IrI;I111 .incl which :rr4 int•]ud-1 114•rt•in , I wtIII Id draw %.I III al 1t.11114,11 1 Ilit•m• This appraisal has 1wt:n ,trade in :tccord:nrc•e wilh the Standards oi• I'raclice and the Rules of 1311:hics or the American Inslittlleof iteal Estate Appraisers and the Society of Real F,st:ale Appraisers, but it carries the official sanction of neither body. l':e thank vtrrr very much fill- the opportunill, tit' Iwiw_- t,r service to volt. Tf Iht•re are ant° clues) ions, plt•:cse cln 114,11 hesitate lu ask. 1•;11closed yoil will ,incl a sl :rtemelll For trill. services. Sim(—rc ly yours, Harold F. Meyer, 11I.A. I. , S.R.E.A. `I FM/ew Enclosures PA CI., J 1. !, !r" PU131,1 C WORKS 0PI:RATI UNS 1' !l1':;F:N"{ I , Yrs 5 -2O Yr >, "Operation Office & I;rnpluyee Area -3 , 000 3 ,000 7 , (100 /-Maintenance Garage 1 , 800 5 , 000 6 , 500 Warehouse & Storage (Heated ) -0- 1 , 000 1 ,00() Warehouse & Storage (Not Heated) -0- 1 , 200 1 , 200 - Sign Shop 360 500 500 % Sign Storage 400 600 1 , 000 - Carpenter Shop & Storage 500 700 700 Outside Storage Rock 1 , 000 1 , 000 1 , 000 , Outside Storage Barkdust 1 , 200 1 , 200 1 , 200 _ Outside Storage Fill Dirt 700 700 700 Outside Storage Drain Pipe & Tile 2 ,000 2 , 500 3 ,000 -Outside Storage Sewer Supplies 1 , 400 1 , 800 1 ,800 -Outside Storage Misc . 500 S00 500 Outside Storage Equipment 1 , 800 2 ,000 2 , 500 -Equipment Storage Covered & Heated 1 , 500 1 , 500 1 , 500 ,Equipment Storage Covered 1 , 500 1 , 500 1 , 500 Covered Storage for Street Sand -0- 400 400 Wash Rack 720 720 720 Road Area 19 ,.600 20 , 000 30 , 000 Parking City Equipment 11 ,000 18 , 000 30 , 000 Parking Employee ( Operations ) 4 , 000 5 , 400 6 , 400 Parking Employee ( City ) 5 , 0(10 /Parking VisitoI-S 800 SOO 800 PoI ire SCurage > 400 5 , 500 5 , 500 TO•fA1• 65 , 580 SO 120 111 , 020 1 . 54 Ac Ac . '. . 5(, A, w F I s y Expansion i c i k - I +, 1 Cr.rnT•r 1 ppsmTion shop OfF�ce w � aroSG din ,j Covered i Storage drop 1 �a r arb1*rt. xu a,.r 66x • Sawnr�wdli• �7\ twh'ut• � rk'jatT" outdoor Storage $aaA —�-+tom—y---fit—•— � _ s FOLice VchicLe S-ro ra9G M L=Library P=PoI tc•e A=Admcncst rat ion SPACE: NEEDS III SUMMARY SHEET PROPOSAL CATEGORY LOCATION LONGEVITY FACILITY ACREAGE COST COMMENTS ,S7URCi 5 PURCHASE204,000 - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 ^Tl t V BUILD TO SUIT HALL BLVD. & FANNO 20 years L. P. A. 4.8 Unknown Sc��G �2 PURCHASE 14AIN ST. ? L ? UNKNOWN UNKNOWN 3 PURCHASE - - - - - - - - - - - - UNKNOWN UNKNOWN - - - - - - - - - 1.42 - - - - - - - - - -235_000- - - - - - - - - '� •� 'r BUILD TO SUIT BURNHAM UNKNOWN UNKNOWN UNKNOWN BOND BURNHAM & ASH 20 years L. P. A. 3.72 2,107,000 4 Q/1 P.W. X" BUILD TO SUIT BURNHAM & HALL 5 year L. P. A. 2 + (1) 1,750,000 � J 5/ Y LEASE OPTION 2,000,000/year NNN tvel0L L 240,000 to 300,000 per/yr 6 LEASE/PURCHASE BURNHAM & ASH 20 year L. P. A. 2.5 V 7 BOND BURNHAM & ASH 20 YEARS L. P. A. 2.5 2,000,000 • L/��" RENTAL/BOND HUNZIKER & ASH 7-10 YEARS L. P. A. .9 1,500,000 �� 59 1.51 M/3KS y/;-I 9 PURCHASE - - - - - - - - 72nd bVL.- - - - - - - - - 1CLYEARS. - - - - - - - - P.r A. - - - - - - - - - 2.94 700,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - A� BOND ASH & BURNHAM 20 YEARS L. .59 UNKNOWN ` C`�o,C) PURCHASE HUNZIKER 5 YEARS P. A. .92 995,000 / 1_4M4LEASE JM// 8,000/month NNN Inr- /� OTHER - -- - -- - ---- - — nothing 22 80,000 il. DOES NOT MEET CRITERIA WALNUT ST r//� r// JJ /t,It rC' RENT/LEASE/PURCHASE BURNHAM UNKNOWN .39 118,000 __� 12 V PURCHASE SHADY LANE 10 year - L. P. A. ? UNKNOWN 2,000,000 13 14 Q• no ❑ A RCHI TELT JAN . 25, 1984 ATTN; WALT MUNHALL TIGARD LIBRARY BOARD TIGARD , OREGON THE FOLLOWING IS A RECAP OF INFORMATION I SHARED AT THE MEETING THURSDAY JAN . 19TH, 1984. POSITIVE SITE FACTORS FOR THE STURGIS SITE 1 . GOOD SITE DRAINAGE, ALL ABOVE THE FLOOD PLAIN. 2 . 8" SEWER LINE RUNNING DOWN BACK OF PROPERTY WITH SEVERAL CONNECTION "Y"S. 3. PARK CONTIGUOUS ALL OF SOUTH AND OVER HALF OF WEST BORDER 4. EXPENSIVE LANDSCAPE MATERIALS ON SITE AND AVAILABLE. 5. CONTIGUOUS TO THE ATTRACTIVE G. T. E. BUILDINGS . 6 . THREE MEANS OF INGRESV EGRESS TO TWO STREETS . 7 . AN ESTHETIC SETTING. 8. NO DEMOLITION COSTS . COST CONSIDERATIONS 1 .BUILDING COST PHASE 1 , 23, 000 SQUARE FEET @ 45- 00/S. F- ----------------------------= $1 ,035, 000 2.SITE IMPROVEMENTS , INCLUDING HALF-STREET IMPROVEMENT(FIGURING FULL 385' FRONTAGE- $ 100 , 000 3. EASEMENT(YOUR FIGURE, I THINK IT IS HIGH)- $ 50 , 000 VLAND COST @ $4. 50/S. F. (3 ACRES, 130 , 680 S. F. ) 588, 060 TOTAL PHASE I -------------------- $1 , 773, 060 5. BUILDING COST PHASE II , 23 , 000 SQUARE FEET @ 45. 00/S . F- ----------------------------= $1 , 035, 000 VTOTAL PHASE I AND II---------------------= $2, 808 , 060 IT HAS BEEN A PLEASURE WORKING WITH YOU AND YOUR COMMITTEE. THANK YOU FOR YOUR CONSIDERATION OF THIS PROPERTY FOR THE TWO CATEGORIES OF PURCHASE OR BUILD TO SUIT AND LEASE-BACK. SIN ' 'RELY RE L Yo o' ARD RICHARD N. STURGIS AAA. 2215 S.W. S U N S E T B L V D. PORTLAND. ORE 9 7 2 0 1 5 0 3 2 4 6 6 5 2 0 P. D. Gr=, , c o n s T r u I On R. A. Gray & Co. Proposal I. Site The Civic Center complex should be centrally located in the downtown area. It should have good access , it should be visibly prominent , and easy to find . The expenditure of public dollars should be maximized by encouraging further development and/or redevelopment by the private sector. Finally, the land should be reasonably priced and should provide room for expansion. Our proposal meets all these requirements . The proposed Civic Center will occupy a prominent entrance to the downtown area. Access is available from both Hall and Burnham. By locating the Civic Center in this location , adja- cent lands will become.more appropriate for development of related commercial/ professional uses. The site is reasonably priced and provides room for expansion. II. Structure A Civic Center structure should be of long life, low maintenance, energy effi- cient , have good sound control , and maximum interior flexibility. Our proposal is specifically tailored to these criteria. III. Cost Given the above criteria, the City should be assured of the lowest cost that provides the amenities and criteria necessary to a public structure . We are making this proposal complete with a price as shown on the sheet entitled , "Current Prices." Our price for the two structures , totaling 45 ,200 square feet on three acres , is $3 ,002,740. R. F . GrE)y& Co. C o n s T r U C T 1 o n Current Prices Phase I Two Acres 100+ Parking 25 ,200 square foot building 87 , 120 square feet of land (two acres) at $4.00/foot $ 348 ,480 Site Development $1 . 32/foot $ 115,000 Includes Demolition (three acres) , Utilities , Parking, Curbs , Stripes , Lighting, Flagpole , Etc . Irrigation and Landscaping Building 2.5 ,200 square feet at $51 .05/square foot $1 ,286 ,520 Sales Price Through 1985 $1 , 750,000 Triple Net Lease $200,000/Year SUBTOTAL $1 ,750,000 Phase II One Acre Property Under Same Lease $1 . 00 per Year (Cleared) Current Price Phase II Land $ 174 , 240 Site Development S 57 , 500 20,000 square foot Building S1 ,0=1 ,000 T,)T.-,I C—R;-NT PRICE CO';PLETE CO''=:-EX , 5 , 200 SQ. FT . 3 ACRES 53 ,002 , %10 ? 3 f\Il1(1111 �lllii��'ic'ti January 6, 1984 Mr. 'falter MunhalI Chairman , Library Board City of Tigard 12755 S.W. Ash Tigard, Oregon 97223 Dear Mr. Munhall : I ' ve confirmed figures on the return the city will get on building for 10 or 20 year needs. Assuming the city builds a 46,000 square foot building and can lease 23,000 square feet of this structure for 5 years , the city will realize a return on their investment of 1 .38 to 1 .5 million dollars for the five year period. This is assuming the current market rate of $12.00 to $13.00 per square foot per year. This money could go towards the ultimate development of a public works facility at the 72nd Avenue site which we feel would be a satisfactory solution for all concerned. Again , we appreciate your consideration in this matter. Yours truly, , G/ ��i2 Hilary Mackenzie HIM: 1mf cc : Saul Zaik r hw_lc r- 25,010 sq. ft. 1 305,00/s;, . . . . . . . . . . . . .. . . .. Lvnd .25 ac Y/�} •U L Sion Lmprcvcmcnts - ✓vmJ. ltion, i.-`. ' -t-_ .. . . . . . . . . . . . • . �. La: s c moi . d i ' .. . . . . . . . a . .. . . 1,0!2.00 � .05r Half rG - - _ - � Erna . . . . . . . . . . . . . . . . . . . . . . . . mxzo tC.,p „, , 50 cars) Sol _ _ 2. .3i. r . .., ten! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CTUG�'�Gv 10-20 year cost azt!=ate: 'gild-' - _udii,C;',::._' 21S20C ._ _ . . . c . . . . . . . .. . . . . . . . . . . o -r -. .� _. . . . . . . . . . . . . . . . .. . . .. . .. . . . . . . . . . . . . . . . . . . . . . . . . - ..� ' GV 4 Utz. 5 Pc n-t�rio _ I II 10 � C I - i 13 IL I � I 16 17 4n •I I E I I I I 201 n i O Til 11 11 I _ { �i 2 22 11 1 1 21 Z 2L 24 251r- 412t _T—_ 26 j - I2E j D l,l f `f1 - .�l.l GIS i - 2E 1 fi �� I, i 19 I jl2c 30 1��JLI�(1�: 3l 31 1211 I 3311 " L'+rJ=1 �1�'�1�t1�((� .�QFZ �Y1l+lLy-f4i I '13: e 34 - 34 35' 16 Yvl �?-�;: �� I 3E 381 AE �/40 4c c 39 ----- - -� C �.....,.. ..... �,...�.... r�.n.r_nrru o.• r✓ � rc�H GHI u��i� ir... � �— Commercial. Industrial& Inv,-,st,rient Real FsM!i,Broeriqr- NORTHERN a I&a Northern Properties. It, 6odl1uIq IM)l fll. A,,w u(- Pjrl�awj Oregon �j72u4ji)3 241 W' January 23, 1984 Mr. Walt Munhall 14805 S. W. 103rd Tigard, Oregon SLMJBCT: City Office Requirements/G.T.E. Proposal Dear Walt: The purpose of this correspondence is to summarize and make two changes to our proposal on the G.T. E. Building. As I have pointed out in several of the library board meetings the owners of the building are quite flexible in regard to the terms of the possible lease to the City of Tigard. Our formal proposal was for a five year period however they could look at a longer term and would consider an option to purchase if you so desired. The changes I would like to make at this time are twofold. First in regard to our lease proposal, the owners would additionally give a $25,000 allowance towards tenant improvements and could further finance any reasonable amount over that which they would amiortize over the lease term. This would allow the City to move into a turn key situation with first and last months rent as the only immediate out of pocket expense. In regard to a sale I would like to further represent a reduction in the asking price from $995,000 to $950,000 or $45,000. Again as I have said our lease proposal is one which would allow the City to immediately solve the City Hall and Police requirements with no cash outlay except additional monthly rent. The building is of high quality concrete and steel construction and I think most would agree it would be a definite improvement over your present facilities. I would appreciate your bringing this correspondence to the attention of the City Council during your presentation at the January 30th meeting. Very truly yours, NORIHERN PROPERTIES, INC. 'Gardner L. Williams GEM:ssh/3 cc: Seaport Associates Mr. Harry Horowitz January 24, 1984 City of Tigard Library Board c/o Walter Munhall 14805 S. W. 103rd Tigard, Oregon 97223 RE : Tigard Civic Center Proposal Comments: Dear Board Members: After spending three ( 3) rather concentrated weeks reviewing proposals, visiting sites, meeting with the Library Board Members and the public, and also discussing proposals with the proponents, I have some general and pertinent comments to offer. The City of Tigard is a healthy, robust, growing community. It has an enviable geographical position in terms of transportation access, proximity to nearby population markets, excellent school system, ample desirable industrial and commercial centers, and a well diversified housing population. It has certainly grown away from the original Main Street. However, Main Street and Burnham/Hall Streets still remain at the centroid of the growth boundaries. I feel that the Civic Center Complex should remain physically close to this area . With the new park along Fanno Creek, and the familiar historical locale of City services in this area, it is natural for the Civic Center to stay here. The community has to look at this project in a 20, 50, 100 year outlook. It will be seen, used, and have to function for the future. The submissions varied between $2.6 to $3.6 million (my estimate) based upon completion in 1989. 1 . Ash Street: Iviain problem here is buying an additional acre here out of the flood plan and there is a question about the size of this existing public works site. Parking could be a problem. 2. Sundeleaf Proposal : A question about finding a new public works site in 1989. 1 liked the idea of being able to build a new group of buildings, exactly fitted to the needs of the separate departments. Rather an expensive solution. 3. Air King Site: My 2nd choice. Property could be concentrated toward the North. Access could be on Burnham, near the existing Police and City Hall facilities. Could provide an opportunity for phased development with ample land for future use. An opportunity a to build a fitting Civic Center- facility for the community. City of Tigard c/o Malter Munhall RE: Tigard Civic Center Jan. 24, 1984 page two 4. G.T.E. Building : Fine for rental, very expensive in long run. Fragments City facilities. 5. 72nd Avenue: Poor location for any facility but public works. Simply does not work. 6. Sturgis: A fine site in an appropriate location near existing facilities, ocl ated on the park. An opportunity to provide adequate land for future needs. A distinguished project could be developed here with unlimited used for the whole community. My 1st choice. 7. Crow Option : Good location, reasonable price. I question the reality of a public use building without an open feeling to street and surroundings. I feel it fails the prime requirement of public identification and visual access. Please feel free to call me if you have any questions. I will be very happy to help you in any way I can. Sincerely, ZAIK ILLER, ARCHITECTS AND PLANNERS aul Zaik, F SZ :pw