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w K 2) F epair metal- stamped ceiling, repaint, including metal cove molding 1,025.00 3) F epair plastered walls, p atch and repaint 3,200.00 o I stall new (min. 150 AMP) electrical service, circuits, switches, outlets and new lighting to code 3,500.00 o F.eplace plumbing fixtures in rear bathrooms (commode, sink /lav, medicine cabinet, repair and paint walls and ceiling, replace entry door. Install 1,080.00 nderlayment and new floor covering. 4) Iristall furnace and heating system 5,400.00 Interior J5ubtotai Total E timate Optional treatments on items listed: 1) Floor covering choices and costs are: - sheet goods $2,590.00 linoleum or vinyl tile $1,525.00 - carpeting $2,500.00 - wood flooring (finished) $3,350.00 - refinish existing $1,275.00 2) Install drop ceiling for 10' floor to oiling height instead $3,500.00 3} Install furring and new drywall on walls instead, aped, spackled and painted $3,050.00 4) Heating options: Electric base board units $3,680.00 Furnace and forced air ductwork $5,400.00 Overhead suspended heaters $4,200.00 Summaky of re -use cost - Option 1 $17,330.00 $38,580.00 As indicated, the minimum cost required for Option I, based on the exterior improvement and the renovation of the storefront space is estimated to be $38,580, or approximately 525.00 per square foot. This cost could be slightly increased or reduced depending on the options selected for items such as floor covering, ceiling treatment, wall repair versus covering with drywall and type of heating. The heating cost in Option I is based on a sys- tem which could be extended and added onto in order to provide heat to the second floor apartm nts, should this second floor space be considered for rehabilitation and occupancy in the f uture. 3