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16 Clinical Sciences Campus Plan Phase One Development Scenerio 1 Scenerio 2 Scenerio 3 Scenerio 4 Land Acqusition 66,241,914 25,116,579 22,116,579 60,781,064 Relocation of Programs 33,192,880 60,609,937 ** 60,562,990 ** 92,732,990 ** Children's Facilities 237,777, ,648, ,953, ,675,398 Ambulatory Care Clinic 191,879, ,805, ,041, ,550,714 School of Public Health 127,300, ,300, ,300, ,300,000 Escalation 93,146,197 70,383,189 72,192,505 97,774,345 Phase One 749,540, ,860, ,170, ,810,000 Future Phase Developments Scenerio 1 Scenerio 2 Scenerio 3 Scenerio 4 Health Sciences Building 124,182, ,596, ,333, ,201,362 Leiliehie Heart Institute/Cancer 80,207,656 80,207,656 80,207,656 80,207,656 Pioneer Hall-Residence Reloc incl in F-UMC Centennial Hall-Residence Rel - incl in F-UMC incl in F-UMC incl in F-UMC Fairview Hospital Relocation 549,012, ,780, ,289, ,473,833 Future Phase 753,400, ,580, ,830, ,880,000 TOTAL CLINICAL SCIENCES 1,503,000,000 1,459,000,000 1,430,000,000 1,549,000,000 CAMPUS PLAN COST MODEL **Replacement cost of affected Student Housing is included without regard to identification of final funding responsibility.; Clarifications: See Attached

17 Clarifications: Children's Facilities: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenarios enclosed Based on LarsonAllen Hospital assumptions of 6/1/04 Escalation included from 2004 to Bid/Award No parking land cost included No financing cost included No land lease or use costs Ambulatory Care Clinic: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenarios enclosed Based on UMP program of January 2003 Escalation included from 2004 to Bid/Award No financing costs No parking land cost included School of Public Health: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed Based on HGA master planning scenarios enclosed Based on SPH Statement of Need (Dec 2003) Escalation included from 2004 to Bid/Award No financing cost included Future Phase Development: Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces Based on HGA master planning scenarios enclosed No cost escalations included ( 2004 costs) No financing cost included Escalation: Not included Assume 4% from 2004 to Bid/Award

18 Phase One Development-Scenario 1 Non-Residence Hall Sites Children's Facilities Location: South Portion of SW Mayo & VCRC Site Size: 250 approx 1,548 GSF/bed Facility Size: 396,000 GSF Floorplate: Floors 60,000 GSF Floors 39,500 GSF Land Acquisition 9,871,520 Acquisition - Skyway Interconnection Costs 1,000,000 Entitlement Costs 500,000 Utility Capacity(Re-use SW Mayo & VCRD) - Demolition (SW Mayo & VCRC) excl NW Mayo 3,185,760 Costs to reconfigure Mayo Tower 2,000,000 Abatement (SW Mayo & VCRC) 3,185,760 Relocation of Existing Program 33,192,880 Move Costs (VCRC & SW Mayo Program) 2,442,880 Acquire Dept of Health Bldg. (DOH) 5,750,000 Renovate DOH for VCRC & Mayo SW Program 25,000,000 Construction Budget 123,100,000 Construction Costs 123,100,000 Design Budget 12,310,000 A&E Cost 12,310,000 Parking Budget 18,750,000 3/bed, ,000 18,750,000 Other Project Budgets 70,243,976 FF&E Allowance 10% 12,310,000 Equipment Allowance 25% 30,775,000 IT/Comm/Low Voltage/Moving 11% 13,541,000 Permit Allowance 2% 2,462,000 Project Management Allowance 5% 11,155,976 Subtotal 267,468,376 Page 1

19 Phase One Development-Scenario 1 Non-Residence Hall Sites Project Contingency 5% 13,373,419 Total 280,841,794 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed Based on HGA master planning scenario plans enclosed Based on LarsonAllen/McKinsey Hospital assumptions of 6/1/04 No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) No cost escalation have been included. (2004 costs) No parking land cost included No legal costs No financing cost Page 2

20 Phase One Development-Scenario 1 Non-Residence Hall Sites Ambulatory Care Clinic Location: Fulton/Ontario Size: 440,000 GSF Floorplate: Floors 66,000 GSF Floors 45,000 GSF Land Acquisition 27,269,644 Acquisition (East 1/2 Site 4) 3,600,000 Skyway Interconnection Costs 17,750,000 Entitlement Costs 500,000 Utility Capacity (100% of Site 4) 5,136,655 Demolition and Abate(East 1/2 of Site 4) 282,990 Construction Budget 101,200,000 Shell and Core Construction 52,800,000 ACC Interior Build-out 48,400,000 Design Budget 9,108,000 A&E Cost 9,108,000 Parking Budget 17,500, ,000 17,500,000 Other Project Budgets 53,636,000 FF&E Allowance 10% 10,120,000 Equipment Allowance 25% 25,300,000 IT/Comm/Low Voltage/Moving 11% 11,132,000 Permit Allowance 2% 2,024,000 Project Management Allowance 5% 5,060,000 Subtotal 208,713,644 Contingency 5% 10,435,682 Escalation (from 2004) Total 219,149,327 Page 3

21 Phase One Development-Scenario 1 Non-Residence Hall Sites Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plans enclosed Based on UMP program of January 2003 No cost escalations included ( 2004 costs) No financing cost included No parking land cost included Page 4

22 Phase One Development-Scenario 1 Non-Residence Hall Sites School of Public Health Location: North 1/2 Block Walnut/Oak Size: 400,000 GSF Floorplate: Floors 48,600 GSF Floors 33,600 GSF Land Acquisition 29,100,750 Acquire Walnut/Oak Site 15,200,000 Move Costs (3rd party tenants) 12,356,250 Demolition 544,500 Entitlements 500,000 Utilities 500,000 Construction Budget 90,000,000 Construction of new School of Public Health(SPH) 60,000,000 Interior Fit-out of SPH 30,000,000 Design Budget 9,000,000 A&E Design Costs 9,000,000 Parking Budget 5,000,000 Parking within the building-200 spaces 5,000,000 Other Project Budgets 23,300,000 FF&E Costs Allowance 22,500,000 Moving Costs $2/GSF 800,000 Total 156,400,750 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No contingency included Based on HGA master planning scenario plans enclosed Based on SPH Statement of Need (Dec 2003) No voice/data cabling or systems No cost escalations included ( 2004 costs) No financing cost included Page 5

23 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Lillihei Heart Institute/Cancer Center Location: South End of Church Street-Childrens Rehab Site Size: Site: 43,200 GSF (180x240) Facility Size: 180,000 GSF Floorplate: Floors 28,800 GSF (120 x 240) Predecessor Projects Health Sciences Building Land Acquisition 1,932,620 Acquisition (Children's Rehab) - Skyway Interconnections - Entitlement Costs 500,000 Utility Capacity 100,000 Demolition Costs (Children's Rehab) 444,207 Abatement Costs (Children's Rehab) 888,414 Relocation of Existing Program 340,623 Move Child Rehab Program to Health Sciences 340,623 Construction Costs 49,500,000 Construction Costs-Shell and Core 27,000,000 Construction Costs-Interior Build-Out 22,500,000 Design Costs 4,455,000 A&E Costs 4,455,000 Other Project Costs 20,160,000 FF&E 2,475,000 New Equipment (Research) 12,375,000 IT/Communications/Low Voltage 4,950,000 Moving Costs 360,000 Permits and Fees 990,000 Project Management 3,802,381 Soft Costs -

24 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Legal Financing TBD TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 76,388,244 Project Contingency 3,819,412 Escalation (2004) - Total 80,207,656 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

25 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Health Sciences Building Location: North 1/2 of Harvard/Walnut Block Size: Site: Approx 58,000 SF (175 x 330) Facility Size: 252,000 GSF Floorplate: Floors 36,000 GSF (120 x 300) Predecessor Projects Site Acquisition and Clearance Land Acquisition 14,998,512 Acquisition (Harvard/Walnut Site) 7,000,000 Move 3rd party tenants 6,388,125 Entitlement Costs 250,000 Utility Capacity 100,000 Demolition Costs (Harvard/Walnut Tenants) 420,129 Abatement Costs (Harvard/Walnut Tenants) 840,258 Relocation of Existing Program - Not Applicable Construction Costs 69,300,000 Construction Costs-Shell and Core 37,800,000 Construction Costs-Interior Build-Out 31,500,000 Design Costs 5,890,500 A&E Costs 5,890,500 Other Project Costs 28,080,000 FF&E 3,465,000 New Equipment (Research) 17,325,000 IT/Communications/Low Voltage 6,930,000 Moving Costs 360,000 Permits and Fees 1,386,000 Project Management 5,913,451

26 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Soft Costs - Legal TBD Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 118,269,012 Project Contingency 5,913,451 Escalation (2004) - Total 124,182,462 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

27 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Housing Location: Replacement of Pioneer Hall adjacent to Frontier Hall Subject to Residence Hall siting (per Housing Master Plan) Size: Site: Approx 87,000 SF (Full Block less Church) Facility Size: SF/Bed (incl common areas) Floorplate: Floors 70,000 SF/FLR Predecessor Projects Site Acquisition and Clearance Land Acquisition 7,984,738 Acquisition 7,000,000 Move 3rd party tenants incl above Entitlement Costs 250,000 Utility Capacity & Connection 500,000 Demolition Costs 136,931 Abatement Costs 97,808 Relocation of Existing Program - Not Applicable Construction Costs 42,000,000 Construction Costs 42,000,000 Indirect Costs incl above Design Costs 3,780,000 A&E Costs 3,780,000 Other Project Costs 3,150,000 FF&E 2,100,000 IT/Communications/Low Voltage 1,050,000 Permits and Fees 420,000 Project Management 2,845,737 Soft Costs - Legal TBD Financing TBD

28 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 56,914,738 Project Contingency 2,845,737 Escalation (2004) - Total 59,760,475 Clarifications: FF&E Cost Allowance 5% of Construction Costs IT/Communications/Low voltage 2.5% of Construction Costs Permit Allowance 1% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on Union Drive Suites at Iowa State University Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

29 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites F-UMC Hospital Location: Pioneer Block Size: Site: Approx 108,000 (Full Block) Facility Size: SF/Bed = 217,000 GSF Adult Mental Health SF/Bed = 382,000 GSF Riverside Adult M/S 90,000 GSF Non-Acute Care Nursing Unit 200,000 GSF Community Practice Clinic & Corp. Floorplate: TBD Predecessor Projects Relocation of Pioneer Residence Hall Land Acquisition 4,868,042 Acquisition - Entitlement Costs 500,000 Connector (to Childrens) 3,000,000 Utility Capacity & Connection 500,000 Demolition Costs 694,433 Abatement Costs 173,608 Relocation of Existing Program 59,760,475 Relocate Pioneer Hall 59,760,475 Construction Costs 250,330,000 Construction Costs (217 MH beds) 65,100,000 (159 Med/Surg beds) 114,480,000 (Non-Acute Nursing Unit 24,750,000 (Comm Prac Clinic & Corp) 46,000,000 Design Costs 25,033,000 A&E Costs 25,033,000 Other Project Costs 140,177,872 FF&E 25,033,000 Equipment 62,582,500 IT/Comm/Low Voltage/Moving 27,536,300 Permits and Fees 5,006,600

30 DRAFT Future Phase Development-Scenario 1 Non-Residence Hall Sites Project Management 20,019,472 Soft Costs - Legal TBD Financing TBD Parking Costs 42,700,000 Assume 3 spaces per bed incorporated in Hospital 28,200,000 equates to 879 spaces Assume 2 spaces per 1,000 sf Comm Clinic 14,500,000 & Nursing Care Unit Subtotal 522,869,389 Project Contingency 26,143,469 Escalation (2004) - Total 549,012,858 Clarifications: FF&E Cost Allowance 10% of Construction Costs Equipment Allowance 25% of Construction Costs IT/Comm/Low Voltage/Moving 11% of Construction Costs Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

31 DRAFT Phase One Development-Scenario 2 Riverfront Sites Children's Facilities Location: North one half of the Pioneer Site Size: 250 1,440 GSF/bed Facility Size: 360,000 GSF Base: 45,000 GSF (150 x 300) Floor 45,000 GSF Floor 67,500 GSF Floor 45,000 GSF Floors 30,000 GSF Land Acquisition 7,976,629 Acquisition Skyway Interconnection Costs 1,712,500 Entitlement Costs(split w ACC) 250,000 Utility Capacity(split w ACC) 2,495,015 Demolition and Abatement 3,519,114 Relocation of Existing Program 60,562,990 Land cost 3,600,000 Relocation & Rebuild of Dorm(split w ACC) 56,080,000 Entitlement cost 500,000 Utility Capacity 100,000 Demolition cost 282,990 Construction Budget 108,000,000 Construction Costs 108,000,000 Design Budget 10,800,000 A&E Design 10,800,000 Parking Budget 18,750,000 3/bed, ,000 18,750,000 Other Project Budgets 61,708,331 FF&E Allowance 10% 10,800,000 Equipment Allowance 25% 27,000,000 IT/Comm/Low Voltage/Moving 11% 11,880,000 Permit Allowance 2% 2,160,000 Project Management Allowance 5% 9,868,331

32 DRAFT Phase One Development-Scenario 2 Riverfront Sites Subtotal 267,797,950 Project Contingency 5% 13,389,897 Escalation (from 2004) Total 281,187,847 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be remov Based on HGA master planning scenario plans enclosed Based on LarsonAllen hospital assumptions of 5/1/04 No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) No cost escalation have been included. (2004 costs) No parking land cost included No legal costs No financing cost

33 DRAFT Phase One Development-Scenario 2 Riverfront Sites Ambulatory Care Clinic Location: Triangle Site along River Road Size: 440,000 GSF Base: 54,000 GSF, Floors 45,000 GSF Land Acquisition 5,745,015 Acquisition - Skyway Interconnection Costs 3,000,000 Entitlement Costs (split w Childrens) 250,000 Utility Capacity (split w Childrens) 2,495,015 Relocation 46,948 Demolition Costs 46,948 Construction Cost 101,200,000 Construction Costs 52,800,000 ACC Interior Buildout 48,400,000 Design Cost 9,108,000 A&E Design 9,108,000 Parking Cost 17,500, ,000 17,500,000 Other Project Budgets 53,636,000 FF&E Allowance 10% 10,120,000 Equipment Allowance 25% 25,300,000 IT/Comm/Low Voltage/Moving 11% 11,132,000 Permit Allowance 2% 2,024,000 Project Management Allowance 5% 5,060,000 Subtotal 187,235,962 Contingency 5% 9,361,798 Escalation (from 2004) Total 196,597,761

34 DRAFT Phase One Development-Scenario 2 Riverfront Sites Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be remov No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plans enclosed Based on UMP program of January 2003 No cost escalations included ( 2004 costs) No financing costs No parking land cost included

35 DRAFT Phase One Development-Scenario 2 Riverfront Sites School of Public Health Location: Dept. of Health Building Site Size: 400,000 GSF Base: 54,000 GSF Floors 42,000 GSF Land Acquisition 11,394,935 Building Acquisition 5,750,000 Demolition 2,572,468 Abatement 2,572,468 Entitlement 500,000 Construction Cost 90,000,000 Construction of new School of Public Health 60,000,000 Interior Fit-out of SPH 30,000,000 Design Costs 9,000,000 A&E Design Costs 9,000,000 Parking Cost 5,000,000 Parking within the building-200 spaces 5,000,000 Other Project Budgets 23,300,000 FF&E Costs Allowance 22,500,000 Moving Costs $2/GSF 800,000 Total 138,694,935 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be remov No contingency included Based on HGA master planning scenario plans enclosed Based on SPH Statement of Need (Dec 2003) No voice/data cabling or systems No cost escalations included ( 2004 costs) No financing cost included

36 Future Phase Development-Scenario 2 Riverfront Sites Lillihei Heart Institute/Cancer Center Location: South End of Church Street-Childrens Rehab Site Size: Site: 43,200 GSF (180x240) Facility Size: 180,000 GSF Floorplate: Floors 28,800 GSF (120 x 240) Predecessor Projects Health Sciences Building Land Acquisition 1,932,620 Acquisition (Children's Rehab) - Skyway Interconnections - Entitlement Costs 500,000 Utility Capacity 100,000 Demolition Costs (Children's Rehab) 444,207 Abatement Costs (Children's Rehab) 888,414 Relocation of Existing Program 340,623 Move Child Rehab Program to Health Sciences 340,623 Construction Costs 49,500,000 Construction Costs-Shell and Core 27,000,000 Construction Costs-Interior Build-Out 22,500,000 Indirect Costs incl above Design Costs 4,455,000 A&E Costs 4,455,000 Other Project Costs 20,160,000 FF&E 2,475,000 New Equipment (Research) 12,375,000 IT/Communications/Low Voltage 4,950,000 Moving Costs 360,000 Permits and Fees 990,000 Project Management 3,802,381

37 Future Phase Development-Scenario 2 Riverfront Sites Soft Costs - Legal TBD Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 76,388,244 Project Contingency 3,819,412 Escalation (2004) - Total 80,207,656 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

38 Future Phase Development-Scenario 2 Riverfront Sites Health Sciences Building Location: North 1/2 of Harvard/Walnut Block Size: Site: Approx 58,000 SF (175 x 330) Facility Size: 252,000 GSF Floorplate: Floors 36,000 GSF (120 x 300) Predecessor Projects Land Acquisition 15,248,512 Acquisition (Harvard/Walnut 3rd party sit 7,000,000 Move 3rd party tenants 6,388,125 Entitlement Costs 500,000 Utility Capacity 100,000 Demolition Costs (Harvard/Walnut Tenants) 420,129 Abatement Costs (Harvard/Walnut Tenants) 840,258 Relocation of Existing Program - Not Applicable Construction Costs 69,300,000 Construction Costs-Shell and Core 37,800,000 Construction Costs-Interior Build-Out 31,500,000 Design Costs 5,890,500 A&E Costs 5,890,500 Other Project Costs 28,224,000 FF&E 3,465,000 New Equipment (Research) 17,325,000 IT/Communications/Low Voltage 6,930,000 Moving Costs 504,000 Permits and Fees 1,386,000 Project Management 5,933,151 Soft Costs -

39 Future Phase Development-Scenario 2 Riverfront Sites Legal Financing TBD TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 118,663,012 Project Contingency 5,933,151 Escalation (2004) - Total 124,596,162 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

40 Future Phase Development-Scenario 2 Riverfront Sites Housing Location: Replacement of Centennial Hall on Block Adjacent to Frontier Hall Subject to Residence Hall siting (per Housing Master Plan) Size: Site: Approx 87,000 SF (Full Block less Church) Facility Size: SF/Bed (incl common areas and dining hall) Floorplate: Floors 76,000 SF/FLR Includes Dining Facilities (assume 25,000 sf) Predecessor Projects Site Acquisition and Clearance Land Acquisition 8,234,738 Acquisition 7,000,000 Move 3rd party tenants incl above Entitlement Costs 500,000 Utility Capacity & Connection 500,000 Demolition Costs 136,931 Abatement Costs 97,808 Relocation of Existing Program - Not Applicable Construction Costs 56,350,000 Construction Costs 49,350,000 Fit out new dining facilities 7,000,000 Design Costs 4,789,750 A&E Costs 4,789,750 Other Project Costs 4,226,250 FF&E 2,817,500 IT/Communications/Low Voltage 1,408,750 Permits and Fees 563,500 Project Management 3,680,037

41 Future Phase Development-Scenario 2 Riverfront Sites Soft Costs - Legal TBD Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 73,600,738 Project Contingency 3,680,037 Escalation (2004) - Total 77,280,775 Clarifications: FF&E Cost Allowance 5% of Construction Costs IT/Communications/Low voltage 2.5% of Construction Costs Permit Allowance 1% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on Union Drive Suites at Iowa State University Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

42 Future Phase Development-Scenario 2 Riverfront Sites Fairview Hospital Relocation Location: Centennial Hall Site Size: Site: Approx 108,000 (Full Block) Facility Size: SF/Bed = 217,000 GSF Adult Mental Health SF/Bed= 382,000 GSF Riverside Adult M/S 90,000 GSF Non-Acute Nursing Care/Clinic 200,000 GSF Community Practice & Corp. Floorplate: TBD Predecessor Projects Relocation of Centennial Residence Hall Land Acquisition 5,205,160 Acquisition - Entitlement Costs 500,000 Utility Capacity & Connection 500,000 Demolition Costs 3,037,060 Abatement Costs 1,168,100 Relocation of Existing Program 77,280,775 Relocate and Rebuild Centennial Hall & Dining 77,280,775 Construction Costs 250,330,000 Construction Costs (217 MH beds) 65,100,000 (159 Med/Surg beds) 114,480,000 (Non-Acute Nursing Unit) 24,750,000 (Comm Prac Clinic & Corp) 46,000,000 Design Costs 25,033,000 A&E Costs 25,033,000 Other Project Costs 140,194,728 FF&E 25,033,000 Equipment 62,582,500 IT/Comm/Low Voltage/Moving 27,536,300 Permits and Fees 5,006,600 Project Management 20,036,328

43 Future Phase Development-Scenario 2 Riverfront Sites Soft Costs - Legal TBD Financing TBD Parking Costs 42,700,000 Assume 3 spaces per bed incorporated in Hospital 28,200,000 equates to 879 spaces Assume 2 spaces per 1,000 sf Comm Clinic 14,500,000 & Nursing Care Unit Subtotal 540,743,663 Project Contingency 27,037,183 Escalation (2004) - Total 567,780,846 Clarifications: FF&E Cost Allowance 10% of Construction Costs Equipment Allowance 25% of Construction Costs IT/Comm/Low voltage/moving 11% of Construction Costs Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

44 DRAFT Phase One Development-Scenario 3 Integrated Linkage-Pioneer Site Children's Facilities Location: Pioneer Block Only(Single Facility with ACC) Size: 250 1,440 GSF/bed Facility Size: 360,000 GSF Floorplate: Children's uses 360,000 GSF of 756,000 GSF Total Base: 45,000 GSF (150 x 300) Floor 45,000 GSF Floor 67,500 GSF Floor 45,000 GSF Floors 30,000 GSF Land Acquisition 6,217,072 Acquisition Skyway Interconnection Costs 1,712,500 Entitlement Costs(split w ACC) 250,000 Utility Capacity(split w ACC) 2,495,015 Demolition and Abatement(split w ACC) 1,759,557 Acquisition of Dorm site 30,281,495 Land cost (50/50 split w ACC) 1,800,000 Relocation & Rebuild of Dorm(split w ACC) 28,040,000 Entitlement cost(split with ACC) 250,000 Utility capacity (split with ACC) 50,000 Demolition cost 141,495 Construction Cost 108,000,000 Construction Costs 108,000,000 Design Cost 10,800,000 A&E Design 10,800,000 Parking Cost 18,750,000 3/bed, ,000 18,750,000 Other Project Budgets 61,620,354 FF&E Allowance 10% 10,800,000 Equipment Allowance 25% 27,000,000 IT/Comm/Low Voltage/Moving 11% 11,880,000 Permit Allowance 2% 2,160,000

45 DRAFT Phase One Development-Scenario 3 Integrated Linkage-Pioneer Site Project Management Allowance 5% 9,780,354 Subtotal 235,668,920 Project Contingency 5% 11,783,446 Escalation (from 2004) Total 247,452,366 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be remove No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plan enclosed Based on LarsonAllen Hospital assumptions of 6/1/04 No cost escalation have been included. (2004 costs) No parking land cost included No financing costs

46 DRAFT Phase One Development-Scenario 3 Integrated Linkage-Pioneer Site Ambulatory Care Clinic Location: Pioneer Block Only (Single Facility with Children's) Size: ACC uses 396,000 GSF of 756,000 GSF Total Base: 54,000 GSF, Floors 45,000 GSF Land Acquisition 4,504,572 Acquisition - Skyway Interconnection Costs - Entitlement Costs (split w Childrens) 250,000 Utility Capacity (split w Childrens) 2,495,015 Demolition and Abate (split w Childrens) 1,759,557 Relocation of Existing Program 30,281,495 Land cost (split w Childrens) 1,800,000 Reloc & Rebuild of Dorm(split w Childrens) 28,040,000 Entitlement cost(split w Childrens) 250,000 Utility Capacity (Split with Childrens) 50,000 Demolition costs 141,495 Construction Cost 91,080,000 Construction Costs 47,520,000 ACC Interior Buildout 43,560,000 Design Cost 8,197,200 A&E Design 8,197,200 Parking Cost 17,500, ,000 17,500,000 Other Project Budgets 48,272,400 FF&E Allowance 10% 9,108,000 Equipment Allowance 25% 22,770,000 IT/Comm/Low Voltage/Moving 11% 10,018,800 Permit Allowance 2% 1,821,600 Project Management Allowance 5% 4,554,000 Subtotal 199,835,667

47 DRAFT Phase One Development-Scenario 3 Integrated Linkage-Pioneer Site Contingency 5% 9,991,783 Escalation (from 2004) Total 209,827,450 Clarifications: Site assumed to be environmentally "clean". No extraordinary haz materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plan enclosed Based on UMP program of January 2003 No cost escalations included ( 2004 costs) No parking land cost No financing costs

48 DRAFT Phase One Development-Scenario 3 Integrated Linkage-Pioneer Site School of Public Health Location: Dept. of Health Building Site Size: 400,000 GSF Base: 54,000 GSF Floors 42,000 GSF Land Acquisition 11,394,935 Building Acquisition 5,750,000 Demolition 2,572,468 Abatement 2,572,468 Entitlement 500,000 Construction Cost 90,000,000 Construction of new School of Public Health 60,000,000 Interior Fit-out of SPH 30,000,000 Design Costs 9,000,000 A&E Design Costs 9,000,000 Parking Cost 5,000,000 Parking within the building-200 spaces 5,000,000 Soft and Indirect Cost 23,300,000 FF&E Costs Allowance 22,500,000 Moving Costs $2/GSF 800,000 Total 138,694,935 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be remove No contingency included Based on HGA master planning scenario plan enclosed Based on SPH Statement of Need (Dec 2003) No voice/data cabling or systems No cost escalations included ( 2004 costs) No financing cost included

49 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Lillihei Heart Institute/Cancer Center Location: South End of Church Street-Childrens Rehab Site Size: Site: 43,200 GSF (180x240) Facility Size: 180,000 GSF Floorplate: Floors 28,800 GSF (120 x 240) Predecessor Projects Health Sciences Building Land Acquisition 1,932,620 Acquisition (Children's Rehab) - Skyway Interconnections - Entitlement Costs 500,000 Utility Capacity 100,000 Demolition Costs (Children's Rehab) 444,207 Abatement Costs (Children's Rehab) 888,414 Relocation of Existing Program 340,623 Move Child Rehab Program to Health Sciences 340,623 Construction Costs 49,500,000 Construction Costs-Shell and Core 27,000,000 Construction Costs-Interior Build-Out 22,500,000 Design Costs 4,455,000 A&E Costs 4,455,000 Other Project Costs 20,160,000 FF&E 2,475,000 New Equipment (Research) 12,375,000 IT/Communications/Low Voltage 4,950,000 Moving Costs 360,000 Permits and Fees 990,000 Project Management 3,802,381 Soft Costs - Legal TBD

50 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 76,388,244 Project Contingency 3,819,412 Escalation (2004) - Total 80,207,656 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

51 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Health Sciences Building Location: North 1/2 of Harvard/Walnut Block Size: Site: Approx 58,000 SF (175 x 330) Facility Size: 252,000 GSF Floorplate: Floors 36,000 GSF (120 x 300) Predecessor Projects Land Acquisition 14,998,512 Acquisition (Harvard/Walnut 3rd party sit 7,000,000 Move 3rd party tenants 6,388,125 Entitlement Costs 250,000 Utility Capacity 100,000 Demolition Costs (Harvard/Walnut Tenants) 420,129 Abatement Costs (Harvard/Walnut Tenants) 840,258 Relocation of Existing Program - Not Applicable Construction Costs 69,300,000 Construction Costs-Shell and Core 37,800,000 Construction Costs-Interior Build-Out 31,500,000 Design Costs 5,890,500 A&E Costs 5,890,500 Other Project Costs 28,224,000 FF&E 3,465,000 New Equipment (Research) 17,325,000 IT/Communications/Low Voltage 6,930,000 Moving Costs 504,000 Permits and Fees 1,386,000 Project Management 5,920,651 Soft Costs -

52 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Legal Financing TBD TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 118,413,012 Project Contingency 5,920,651 Escalation (2004) - Total 124,333,662 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plans enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

53 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Housing Location: Replacement of Centennial Hall on Block Adjacent to Frontier Hall Subject to Residence Hall siting (per Housing Master Plan) Size: Site: Approx 87,000 SF (Full Block less Church) Facility Size: SF/Bed (incl common areas and dining hall) Floorplate: Floors 76,000 SF/FLR Includes Dining Facilities (assume 25,000 sf) Predecessor Projects Site Acquisition and Clearance Land Acquisition 7,984,738 Acquisition 7,000,000 Move 3rd party tenants incl above Entitlement Costs 250,000 Utility Capacity & Connection 500,000 Demolition Costs 136,931 Abatement Costs 97,808 Relocation of Existing Program - Not Applicable Construction Costs 56,350,000 Construction Costs 49,350,000 Fit out new dining facilities 7,000,000 Indirect Costs incl above Design Costs 4,789,750 A&E Costs 4,789,750 Other Project Costs 4,226,250 FF&E 2,817,500 IT/Communications/Low Voltage 1,408,750 Permits and Fees 563,500 Project Management 3,667,537 Soft Costs - Legal TBD

54 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 73,350,738 Project Contingency 3,667,537 Escalation (2004) - Total 77,018,275 Clarifications: FF&E Cost Allowance 5% of Construction Costs IT/Communications/Low voltage 2.5% of Construction Costs Permit Allowance 1% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on Union Drive Suites at Iowa State University Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

55 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Fairview Hospital Relocation Location: Centennial Block Size: Site: Approx 108,000 (Full Block) Facility Size: SF/Bed = 217,000 GSF Adult Mental Health SF/Bed = 382,000 GSF Riverside Adult M/S 90,000 GSF Non-Acute Care Nursing Unit 200,000 GSF Community Practice Clinic & Corp. Floorplate: Predecessor Projects Relocation of Centennial Residence Hall Land Acquisition 1,868,042 Acquisition - Entitlement Costs 500,000 Utility Capacity & Connection 500,000 Demolition Costs 694,433 Abatement Costs 173,608 Relocation of Existing Program 77,018,275 Relocate and Rebuild Centennial Hall and Dining 77,018,275 Construction Costs 250,330,000 Construction Costs (217 MH beds) 65,100,000 (159 Med/Surg beds) 114,480,000 (Non-Acute Nursing Unit) 24,750,000 (Comm Prac Clinic & Corp) 46,000,000 Design Costs 25,033,000 A&E Costs 25,033,000 Other Project Costs 140,027,872 FF&E 25,033,000 Equipment 62,582,500 IT/Comm/Low Voltage/Moving 27,536,300 Permits and Fees 5,006,600 Project Management 19,869,472

56 Future Phase Development-Scenario 3 Integrated Linkage-Pioneer Site Soft Costs - Legal TBD Financing TBD Parking Costs 36,475,000 Assume 3 spaces per bed incorporated in Hospital 21,975,000 equates to 879 spaces Assume 2 spaces per 1,000 sf Comm Clinic 14,500,000 & Nursing Care Unit Subtotal 530,752,189 Project Contingency 26,537,609 Escalation (2004) - Total 557,289,798 Clarifications: FF&E Cost Allowance 10% of Construction Costs Equipment Allowance 25% of Construction Costs IT/Comm/Low voltage/moving 11% of Construction Costs Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

57 DRAFT Phase One Development-Scenario 4 Diagonal Linkage-Centennial Site Children's Facilities Location: Centennial Hall Site Size: 250 1,548 GSF/bed Facility Size: 396,000 GSF Base: 108,000 GSF Floors: 90,000 GSF Floors: 60,000 GSF Land Acquisition 10,990,038 Acquisition (Centennial Hall Site) Skyway Interconnection Costs 3,425,000 Entitlement Costs 500,000 Utility Capacity(split w ACC) 2,495,015 Demolition and Abatement 4,570,023 Relocation of Existing Programs 72,732,990 Land cost 3,600,000 Relocation & Rebuild of Dorm 61,200,000 Relocation of Dining Hall Facilities 7,000,000 Entitlement cost 500,000 Utility Capacity 150,000 Demolition cost 282,990 Construction Cost 116,100,000 Construction Costs 116,100,000 Design Cost 11,610,000 A&E Design 11,610,000 Parking Cost 18,750,000 3/bed, ,000 Other Project Budgets 66,386,902 FF&E Allowance 10% 11,610,000 Equipment Allowance 25% 29,025,000 IT/Comm/Low Voltage/Moving 11% 12,771,000 Permit Allowance 2% 2,322,000 Project Management Allowance 5% 10,658,902

58 DRAFT Phase One Development-Scenario 4 Diagonal Linkage-Centennial Site Subtotal 296,569,929 Project Contingency 5% 14,828,496 Escalation (from 2004) Total 311,398,426 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plan enclosed Based on LarsonAllen Hospital assumptions of 6/1/04 No cost escalation have been included. (2004 costs) No parking land cost included No financing costs

59 DRAFT Phase One Development-Scenario 4 Diagonal Linkage-Centennial Site Ambulatory Care Clinic Location: Washington between Harvard and Oak Size: 440,000 GSF Base: 108,000 GSF Floors: 78,000 GSF Land Acquisition 20,690,276 Acquisition (Dept of Health Bldg) 5,750,000 Acquisition of Fairview Parking Ramp - Skyway Interconnection Costs 6,000,000 Entitlement Costs 500,000 Utility Capacity (split w Childrens) 2,495,015 Demolition and Abatement 5,945,261 Relocation of Existing Program 20,000,000 Replace 800 Parking Spaces 20,000,000 Construction Cost 101,200,000 Construction Costs 52,800,000 ACC Interior Buildout 48,400,000 Design Cost 9,108,000 A&E Design 9,108,000 Parking Cost 17,500, ,000 Other Project Budgets 53,636,000 FF&E Allowance 10% 10,120,000 Equipment Allowance 25% 25,300,000 IT/Comm/Low Voltage/Moving 11% 11,132,000 Permit Allowance 2% 2,024,000 Project Management Allowance 5% 5,060,000 Subtotal 222,134,276 Project Contingency 5% 11,106,714 Escalation (from 2004)

60 DRAFT Phase One Development-Scenario 4 Diagonal Linkage-Centennial Site Total 233,240,990 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No interstitial spaces included. Assumed gross measured areas include mech/elec spaces No major/special purpose medical equipment included (equipment over $200,000 each) Based on HGA master planning scenario plan enclosed Based on UMP program of January 2003 No cost escalations included ( 2004 costs) No land cost for parking included No financing cost included No unamortized cost or land cost for Fairview Ramp included

61 DRAFT Phase One Development-Scenario 4 Diagonal Linkage-Centennial Site School of Public Health Location: North 1/2 Block Walnut/Oak Size: 400,000 GSF Floorplate: Floors 48,600 GSF Floors 33,600 GSF Land Acquisition 29,100,750 Acquire Walnut/Oak Site 15,200,000 Move Costs (tenants) 12,356,250 Demolition 544,500 Entitlements 500,000 Utilities 500,000 Construction Cost 90,000,000 Construction of new School of Public Health 60,000,000 Interior fit-out of SPH 30,000,000 Design Costs 9,000,000 A&E Design Costs 9,000,000 Parking Cost 5,000,000 Parking within the building-200 spaces 5,000,000 Soft and Indirect Cost 23,300,000 FF&E Costs Allowance 22,500,000 Moving Costs $2/GSF 800,000 Total 156,400,750 Clarifications: Site assumed to be environmentally "clean". No extraordinary hazardous materials to be removed No contingency included Based on HGA master planning scenario plan enclosed Based on SPH Statement of Need (Dec 2003) No voice/data cabling or systems No cost escalations included ( 2004 costs) No financing cost included

62 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Lillihei Heart Institute/Cancer Center Location: South End of Church Street-Childrens Rehab Site Size: Site: 43,200 GSF (180x240) Facility Size: 180,000 GSF Floorplate: Floors 28,800 GSF (120 x 240) Predecessor Projects Health Sciences Building Land Acquisition 1,932,620 Acquisition (Children's Rehab) - Skyway Interconnections - Entitlement Costs 500,000 Utility Capacity 100,000 Demolition Costs (Children's Rehab) 444,207 Abatement Costs (Children's Rehab) 888,414 Relocation of Existing Program 340,623 Move Child Rehab Program to Health Sciences 340,623 Construction Costs 49,500,000 Construction Costs-Shell and Core 27,000,000 Construction Costs-Interior Build-Out 22,500,000 Indirect Costs incl above Design Costs 4,455,000 A&E Costs 4,455,000 Other Project Costs 20,160,000 FF&E 2,475,000 New Equipment (Research) 12,375,000 IT/Communications/Low Voltage 4,950,000 Moving Costs 360,000 Permits and Fees 990,000 Project Management 3,802,381 Soft Costs -

63 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Legal Financing TBD TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 76,388,244 Project Contingency 3,819,412 Escalation (2004) - Total 80,207,656 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plan enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

64 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Health Sciences Building Location: North 1/2 of Harvard/Walnut Block (One of two buildings shown) Base: 58,000 GSF Facility Size: 252,000 GSF Floorplate: Floors 36,000 GSF (120 x 300) Predecessor Projects Land Acquisition 14,998,512 Acquisition (Harvard/Walnut 3rd party sit 7,000,000 Move 3rd party tenants 6,388,125 Entitlement Costs 250,000 Utility Capacity 100,000 Demolition Costs (Harvard/Walnut Tenants) 420,129 Abatement Costs (Harvard/Walnut Tenants) 840,258 Relocation of Existing Program - Not Applicable Construction Costs 69,300,000 Construction Costs-Shell and Core 37,800,000 Construction Costs-Interior Build-Out 31,500,000 Indirect Costs incl above Design Costs 5,890,500 A&E Costs 5,890,500 Other Project Costs 28,098,000 FF&E 3,465,000 New Equipment (Research) 17,325,000 IT/Communications/Low Voltage 6,930,000 Moving Costs 378,000 Permits and Fees 1,386,000 Project Management 5,914,351

65 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Soft Costs - Legal TBD Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 118,287,012 Project Contingency 5,914,351 Escalation (2004) - Total 124,201,362 Clarifications: FF&E Cost Allowance 5% of Construction Costs New Equipment Allowance 25% of Construction Costs IT/Communications/Low voltage 10% of Construction Costs Moving Costs $2 per Gross Square Foot Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on HGA master planning scenario plan enclosed Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

66 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Housing Location: Replacement of Pioneer Hall on Block Adjacent to Frontier Hall Subject to Residence Hall siting (per Housing Master Plan) Size: Site: Approx 87,000 SF (Full Block less Church) Facility Size: SF/Bed (incl common areas) Floorplate: Floors 70,000 SF/FLR Predecessor Projects Site Acquisition and Clearance Land Acquisition 7,984,738 Acquisition 7,000,000 Move 3rd party tenants incl above Entitlement Costs 250,000 Utility Capacity & Connection 500,000 Demolition Costs 136,931 Abatement Costs 97,808 Relocation of Existing Program - Not Applicable Construction Costs 42,000,000 Construction Costs 42,000,000 Design Costs 3,570,000 A&E Costs 3,570,000 Other Project Costs 3,150,000 FF&E 2,100,000 IT/Communications/Low Voltage 1,050,000 Permits and Fees 420,000 Project Management 2,835,237

67 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Soft Costs - Legal TBD Financing TBD Parking Costs No new parking anticipated-use existing UofM cap - Subtotal 56,704,738 Project Contingency 2,835,237 Escalation (2004) - Total 59,539,975 Clarifications: FF&E Cost Allowance 5% of Construction Costs IT/Communications/Low voltage 2.5% of Construction Costs Permit Allowance 1% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Based on Union Drive Suites at Iowa State University Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

68 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Fairview Hospital Relocation Location: Pioneer Block Size: Site: Approx 108,000 (Full Block) Facility Size: SF/Bed = 217,000 GSF Adult Mental Health SF/Bed = 382,000 GSF Riverside Adult M/S 90,000 GSF Non-Acute Care Nursing Unit 200,000 GSF Community Practice Clinic 7 Corp Floorplate: TBD Predecessor Projects Relocation of Pioneer Residence Hall Land Acquisition 1,868,042 Acquisition - Entitlement Costs 500,000 Utility Capacity & Connection 500,000 Demolition Costs 694,433 Abatement Costs 173,608 Relocation of Existing Program 59,539,975 Relocate and Rebuild Pioneer Hall 59,539,975 Construction Costs 250,330,000 Construction Costs (217 MH beds) 65,100,000 (159 Med/Surg beds) 114,480,000 (Non-Acute Nursing Unit) 24,750,000 (Comm Prac Clinic & Corp) 46,000,000 Design Costs 25,033,000 A&E Costs 25,033,000 Other Project Costs 140,027,872 FF&E 25,033,000 Equipment 62,582,500 IT/Comm/Low Voltage/Moving 27,536,300 Permits and Fees 5,006,600 Project Management 19,869,472

69 Future Phase Development-Scenario 4 Diagonal Linkage-Centennial Site Soft Costs - Legal TBD Financing TBD Parking Costs 42,700,000 Assume 3 spaces per bed incorporated in Hospital 28,200,000 equates to 879 spaces Assume 2 space per 1,000 sf Comm Clinic 14,500,000 & Nursing Care Unit Subtotal Project 519,498,889 Project Contingency 25,974,944 Escalation (2004) - Total 545,473,833 Clarifications: FF&E Cost Allowance 10% of Construction Costs Equipment Allowance 25% of Construction Costs IT/Comm/Low voltage/moving 11% of Construction Costs Permit Allowance 2% of Construction Costs Project Mgmt (LA/Const/Desig/Other) 5% of Identified Costs Project Constingency 5% of All Costs Site assumed to be environmentally clean No Legal or Finance Costs included Escalation: Not included Assume 4% from 2004 to Bid/Award

70 DRAFT Clinical Campus District Master Planning Order of Magnitude Budget Date: 6/1/04 Phase One Development Children's Facilities Scenario 1 Scenario 2 Scenario 3 Scenario 4 Land Acquisition 9,871,520 7,976,629 6,217,072 10,990,038 Facility 135,410, ,800, ,800, ,710,000 Parking 18,750,000 18,750,000 18,750,000 18,750,000 Relocation 33,192,880 60,562,990 30,281,495 72,732,990 Other Project Budgets 70,243,976 61,708,331 61,620,354 66,386,902 Contingency 13,373,419 13,389,897 11,783,446 14,828,496 SubTotal Capital Costs 280,841, ,187, ,452, ,398,426 Less: Land Acq (9,871,520) (7,976,629) (6,217,072) (10,990,038) Relocation (33,192,880) (60,562,990) (30,281,495) (72,732,990) Building & Parking Budget 237,777, ,648, ,953, ,675,398

71 DRAFT Clinical Campus District Master Planning Order of Magnitude Budget Date: 6/1/04 Phase One Development Ambulatory Care Clinic Scenario 1 Scenario 2 Scenario 3 Scenario 4 Land Acquisition 27,269,644 5,745,015 4,504,572 20,690,276 Facility 110,308, ,308,000 99,277, ,308,000 Parking 17,500,000 17,500,000 17,500,000 17,500,000 Relocation - 46,948 30,281,495 20,000,000 Other Project Costs 53,636,000 53,636,000 48,272,400 53,636,000 Contingency 10,435,682 9,361,798 9,991,783 11,106,714 SubTotal Capital Costs 219,149, ,597, ,827, ,240,990 Less: Land Acquisition (27,269,644) (5,745,015) (4,504,572) (20,690,276) Relocation - (46,948) (30,281,495) (20,000,000) Building & Parking Budget 191,879, ,805, ,041, ,550,714