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Am pleased there is a 2acre site somewhere in the city that can house city services. I guess the concern about the 4 million is somewhat balanced by the question i would like to ask mr. Updike which is what is the cost to the city if we dont do this . Is it possible there is another alternative plan for us that maybe more parsimonious . Thank you supervisor christensen. On the overhead i indicated some of delay. We have 1 million in sunk costs related to the ceqa process which in the determination of public works is not transferable to a new site so that is specific to this site that is lost but more importantly is the escalation costs of the construction project. Overall this is a 165 million project, 16 million of which is allocated for the acquisition, so the estimate is if we had to secure a new site and go through ceqa for approval of the site and looking at cost to 7 15 million in inflationary costs of the project assuming the project did not have to be redesigned so thats a mini ....
And finding them unavailable and considering moving Different Services to outside of the city of San Francisco which isnt a place for our Business Community in the city or for the workers who tend those facilities so i am pleased there is a 2acre site somewhere in the city that can house city services. I guess the concern about the 4 million is somewhat balanced by the question i would like to ask mr. Updike which is what is the cost to the city if we dont do this . Is it possible there is another alternative plan for us that maybe more parsimonious . Thank you supervisor christensen. On the overhead i indicated some of the impacts to delay. We have 1 million in sunk costs related to the ceqa process which in the determination of public works is not transferable to a new site so that is specific to this site that ....
Whether residential, commercial, industrial so we felt in this case this number was going to be reflective of value and was reflective of all for the parcel 2 acres of land and what are the alternatives in the marketplace at that time . This remains the least expensive option today. With [inaudible] why didnt you sign an appraisal before the lease at that time . We ordinance early wouldnt do that because it only informs the value of the parcel at that time and thats not the form much agreement were reaching. We trying to estimate it prospectively a number of years hence. I have to say though that i think at least doing an appraisal gives a sense or a baseline when youre talking about that kind of money, and low and behold you agree to an maiment that a subsequent appraisal shows might be worth 4 million less. Thats problematic. Now i asked the city administrator which ultimately oversees this department i dont know if shes here, because i do have a problem with this kind of a transacti ....
Unique properties can be difficult. Have Small Properties so its difficult to find repair uses in the city and finding them unavailable and considering moving Different Services to outside of the city of San Francisco which isnt a place for our Business Community in the city or for the workers who tend those facilities so i am pleased there is a 2acre site somewhere in the city that can house city services. I guess the concern about the 4 million is somewhat balanced by the question i would like to ask mr. Updike which is what is the cost to the city if we dont do this . Is it possible there is another alternative plan for us that maybe more parsimonious . Thank you supervisor christensen. On the overhead i indicated some of the impacts to delay. We have 1 ....
Ask mr. Updike which is what is the cost to the city if we dont do this . Is it possible there is another alternative plan for us that maybe more parsimonious . Thank you supervisor christensen. On the overhead i indicated some of the impacts to delay. We have 1 million in sunk costs related to the ceqa process which in the determination of public works is not transferable to a new site so that is specific to this site that is lost but more importantly is the escalation costs of the construction project. Overall this is a 165 million project, 16 million of which is allocated for the acquisition, so the estimate is if we had to secure a new site and go through ceqa for approval of the site and looking at cost to 7 15 million in inflationary costs of the project assuming the project did not have to be redesigned so thats a minimum expense for delay. Okay. Supervisor tang. Thank you. I think supervisor christensen posed one of the questions i was going to ask and the complications we have ....