1st Reading - Jersey City

Portion of PJP Landfill Site, Jersey City New JerseySite Data and Analysis (continued)Estimate ofPJP Landfill RedevelopmentAdditional Redevelopment CostsSite Re-grading: $ 780,000Remove HDPE 40 mil cap and cover material: 383,040Cap modifications forbuildiogs: 1,000,000Cap modification for parking lot: 621,000Passive'gas vents & trenches 99,000Utilities, piped (explosion proof and settlement resistant 22,500, Utilities, electric ( explosion proof)i 1,875,000Building pile foundations 3,500,000"Regulatory compliance & engineering(10% of construction cost): 828,054Health & Safety for constructing on landfill(5% of con~truction cost): 455,430Total: 9,564,024. The Malcolm Pirnie cost estimates are preliminary in nature. The data is presented, here as background information relating to the subsurface conditions at the subjectsite. While the cost estimates require further investigation and support, the overallsite findings indicate that the subject site's existing soils and subsurface conditionsnece~ssitate special engineering work and site preparation. This is an important. factor when comparing the subject site with competing alternative developnientsites. The effect of the existing ground conditions and their impact on the subjectsite's market value is further discussed in the valuation section of this r~port.VALUE RESEARCH GROUP, LLC 15