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8 <br /> PROJECT NAME: UCC LAVING CENTER PROJECT NUMBERS 053-REGS1 PAGES 3 I <br /> S. RESERVED <br /> TEIS S3KTIOY IS NO LONGER IN USE <br /> I. 3STIMATE OF OPERATING DEFICIT <br /> PERIODS GROSS INCOME OCCUPANCY % ETFECTIVE CROSS E37ENSES SET INCOME DEBT SEMM. REQMtT DEPI <br /> 1. ?IRST $ 164,160 0.001 S 0 S 0 S 0 ; 0 $ 0 <br /> 2. SECOND $ 164,160 0.001 S 0 S 0 $ 0 S 0 ; 0 <br /> TOTAL OPZRATIIMG DEFICIT $ 0 <br /> 3. <br /> J. PROJECT SITE ANALYSIS AND APPRAISALS <br /> 1. IS LOCATION AND NEIGESORSOOD ACCSPTABLE........YEN 6. 2 SITE aCCEPTAXXwg FOR TYPE OF PROJECT PROPOSED UNDER SECTION 202 <br /> 2. I3 SITE ADEQUATE IN SIZE TOR PROPOSED PROJECT-.YES 7. (37 CmC>®, ACCEPTANCE SUBJECT TO QUALIFICATIONS LISTED 3ZLOW) <br /> 3. IS SITE ZONING PERMISSIVE FOR INTENDED ?JSE.....7ES <br /> 4. ARE UTILIT3E3 AVAILABLE NON TO SERVE -SE 31^— .IES DATS cT _�S,2CTIONs 10/21/'3 <br /> S. 13 TMMX A KkREET AT THIS LOCATION FOR TIM ' <br /> RENTS BY COMPARISON S90NN IS SECTION C....... TES INSPECTED BYS .... <br /> STILTS 3YRD <br /> 5, VALUE FULLY IMPROVED - 3EE ATTACHED WORES2XXT <br /> LOCATION OF PROJECTS CARRBORO L.Q.Z. NUMBERS 99 322E OT SUBJECT SIZSs 154,635 SQ.FT. <br /> 9. VALUE OF SITS FULLY IMPR.OVEDS $ 220,000 <br /> 10. VALUE 'AS /S' - SEE ATTACHED WORESHEET <br /> 11. VALUE OF sITE 'AS-IS' BY COMPARISON: $ 0 <br /> 12. ACQUISITION COST: (LESS ARMS-LENGTN TRANSACTION) <br /> 3UYER: UNITED CHURCH RETIREMENT HONES _ ADDRESS: CRAM HILL, SC <br /> SELLERS NEW COVENANT UNITED CSURCE OF CHRIST ADDRESS: CHAPEL 1111-, IC <br /> DATES 04/25/94 PRICES $ 220,000 <br /> SOURCE: COPY OF OPTION IN HOD FILE <br /> 13. OTHER COSTSS 14. VALUE OF LiND AND COST CERTIFICATIONS <br /> (1) LEGAL FEES AND ZONING COSTS.........$ 0 (11 TAMt MIREST VALUE OP LAND TULLY IMPROVED (FROM 9 ABOVE).$ 220,000 <br /> (2) RECORDING AND TITLE TEES............$ 0 (2) DEDUCT UNUSUAL ITEMS LYCLUDED IN SECTION 0, ITEM 36A....$ 0 <br /> (3) INTEREST ON LYVESTHMM..............$ 0 (3) q%RRAITTED PRICE OF LAND FULL? IMPROM (REPLACEMENT COST <br /> (4) OTHER...............................$ 0 ITEMS Z=L=VD-W= ZN LIVE 073)......................$ 220,000 <br /> (S) ACQUISITION COST (FROM -12- ABOVE)..$ 220,000 FOR COST PURPOSES- <br /> (6) TOTAL COST TO SPONSOR...............$ 220,000 (3)(A) DEDOC2 COST OF DEMOLITION $ 0 AMID REQ'0 <br /> - SEE ATTACHED NOT$ FOR ADDMONAIL INFORNMMON OFT=SITE $ 0 TO BE PAID 31 WOOR OR By <br /> sYSCZAL ASSESSMO;NTH...............................$ 0 <br /> (4) 3STIMAT'3 OF 'AS-LS' sY SUVTRAC'ION ?RON :tPROVPA 'TALL'-'.$ 220.000 <br /> (S) EST'IM1TE OF '%S-IS' 3Y DIRECT COMPARISON BITE SIMILAR <br /> U3IM?RCVE0 5 ZTt3 (TRAM 11 ABOVE).......................$ 3 <br /> (6) 'AS-i5' 3 - on ACQUISITION COST TO SPONSOR <br /> (TROM 13(6) ABC")....................................$ 220,000 <br /> (7) COMMISSIONER'S WTZMATED VALUE OF :AND 'AS-IS' <br /> (THE LESSER OF 4 OR S .TROVE)..........................5 220.000 <br /> (ZF 'AS-IS, IS MORE THAN 13(6), COMPLETE nFLAM►TION :S REQQIZED.) <br /> • W139M LAAID IS PURCHASED TROM LOCAL GOVERNMENT AGENCY <br /> FOR SPECIFIC REUSE LESSER OF 4,5,OR 5- <br /> RUN DATE/TIMES 09/17/96 / 10x07%06 FORM 3UD-92264 (2-a5) <br />