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~xl~ b. f ~
<br />
<br />
<br />ENO HAVEN
<br />DEVELOPMENT BUDG ET
<br />05.10.10
<br />
<br /> NCHFA B_ B&T Revised
<br />Sources:
<br />
<br />CICCAR Loan 1,700,000 1,700,000 1,70Q000
<br />RPP Loan 500,000 500,000 500,000
<br />Orange County Loan 1,000,000 1,000,000 1,000,000
<br />State Tax Credit Loan 422,903 422,903 422,903
<br />Exchange Loan 5,272,625 5,272,625 .5,272,625
<br />
<br />Total Sources 8,895,528 8,895,528 8,895,528
<br />
<br />Uses:
<br />
<br />On-Site Improvements 820,000 820,000 820,000
<br />Construction of New Buildings 4,000,000 4,000,000 4,000,000
<br />General Requirements 289,000 289,000 289,000
<br />Contractor Overhead 102,000 102,000 102,000
<br />Contractor Profit 408,500 408,500 408,500
<br />Construction Contingenty 168,500 168,500 217,224
<br />Architect's Fee -Design 142,600 142,600 134,638
<br />Architect's Fee -Inspection 30,000 30,000 30,000
<br />Engineering 50,000 50,000 65,000
<br />Construction Loan Orig. Fee 50,000 39,545 41,545
<br />Construction Loan Interest 215,000 216,000 130,000
<br />Construction Period Taxes 65,000 65,000 65,000
<br />Water, Sewer, & Impact Fees 107,920 107,920 107,920
<br />Survey 30,000 30,000 30,000
<br />Property Appraisal 6,000 6,000 5,250
<br />Environmental Report 4,000 4,000 2,200
<br />Market Study 6,300 6,300 2,000
<br />Permanent Loan Orig. Fee 34,500 34,500 34,500
<br />Title and Recording 5,000 5,000 10,727
<br />Real Estate Attorney 25,000 25,000 25,000
<br />Other Attorney's Fees 20,000 22,455 30,000
<br />Tax CreditAppiicationFees 61,564 61,564 66,364
<br />Cost Certification/Accounting 12,000 12,000 12,000 .
<br />Tax Credit Monitoring Fee 53,200 53,200 53,200
<br />Furnishings and Equipment 40,000 40,000 40,000
<br />Developer's Fee 798,000 798,000 798,000
<br />Rent Up Expenses 34,200 34,200 34,200
<br />Off-Site Infrastructure 20,000 20,000 20,000
<br />Rent Up Reserve 22,800 22,800 22,800
<br />Operating Reserve 223,444 223,444 229,703
<br />Hazard Insurance 5,857
<br />BB&T Inspection Fees 4,900
<br />
<br />Total Development Cost 7,845,528 7,837,528 7,837,528
<br />
<br />Land Cast 1,050,000 1,058,000 1,058,000
<br />
<br />Total Replacement Cost 8,895,528 8,895,528 8,895,528
<br />
<br />
<br />Notes on Changes:
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