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Construction Contingency: The amount is the net result of all other budget changes. <br />Approved $131,969.02 in change orders through CO#3, net of value engineering changes. <br />Architect's Fee -Design: Reduced per the actual cost. <br />Engineering: Increased to deal with rock and soil issues. <br />Constructidn Loan Orig. Fee: Increased per the actual cost. <br />Construction Loan Interest: Decreased based upon experience with the Exchange Loan. Projects a permanent loan closing N <br />Conservatively projects permanent loan dosing November 30, 2011. <br />Prope Appraisal: Decreased per the actual cost. <br />Environmental Report: Decreased per the actual cast. <br />Market Study: Decreased per the actual cost. <br />Title and Recording: Increased per the actual cost. <br />Other Attorney's Fees: Increased per the actual cost and to pursue a waiver of impact fees. <br />Tax Credit Application Fees: Increased per the actual cost. <br />Operating Reserve: Increased per the requirements of CICCAR <br />Hazard Insurance: Not originally budgeted. <br />BB&T Inspection Fees: Not originally budgeted. <br />on Value <br />Attic R 38 Insulation Credit from CO#1: Credit of $9,349.00 <br />Rock removal credit from CO#2: $5,800.00 <br />Elimination of pipe insulation above and beyond code requirements: Credit of $35,000.00 <br />Elimination of brick per VE suggestions 2 & 6: Credit of $5,359.26 <br />Change of board and batten to vinyl: Credit of $8,500.00 <br />Gucrent Total = S64.008.26 <br />