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<br /> PART IV. PROJECT DEVELOPMENT COSTS DESCRIPTION 1 2
<br /> TOTAL COSTS 30%PV 70%PV
<br /> ELIGIBLE BASIS ELIGIBLE B SIS
<br /> 1 Purchase of building(s),(Rehab).
<br /> 2 Demolition
<br /> 3 On-site,improvements... ....................... ... .._ . 430,000 430,000
<br /> 4 Rehabilitation
<br /> 5 of new building(s) _ .. __ ....... 4,001,000 4,001,000
<br /> 6 Accessory building(s) ......
<br /> 7 General requirements(Max.6%of lines.2.thru 6) ..... . _. ... ............. 235,600 235,600
<br /> 8 Contractor overhead(Max.2%of lines 2 thru.7) ......._..._. _ 93,332 93,332
<br /> 9 Contractor profit.(Max.&%of lines.2 thru 7,6%if identity,of interest),._ _... 279,996 279,996
<br /> 10 Construction contingency ....... ...................... 70,000 70,000
<br /> 11 Architect's fee-design _.__.. ._ ._..... ..._...._.................................................._. 239,500 239.500
<br /> 12 Architect's fee-inspection_ ...... ............ ........................................................... 10,500 10,500
<br /> 13 Construction insurance ............. 15,000 15,000
<br /> 14 Construction loan origination fee ..._.,. ......._ ....., 70,297 70,297
<br /> 15 Construction loan interest........__..._ _.__......... ......_.... .. ..... .... ........... 130,387 130.387
<br /> 16 Construction loan credit enhancement
<br /> 17 Construction period taxes _. ..... 10,000 10,000
<br /> 18 Bond premium . .a ..,
<br /> 19 Credit report
<br /> 20 Survey,site engineering ._ _ _ __ _ 30,000 30,000
<br /> 21 Property appraisal.(feasibility). __.. ............._.._ .._.._. 4,000 4,000
<br /> ..22 Environmental report ...... . ...... .. 4,000 4,000
<br /> 23 Market study... ..... ... ....._... ._............................. 6,000.
<br /> 6 000
<br /> 24 Permanent loan origination fee......... . ........... .................. .... .................. 64 140 w
<br /> 25 Permanent loan credit enhancement 3 ' "' ' P• `s • "="
<br /> 26 Cost of issuance
<br /> 27 Title and recording _ _ _ _ _ _ ..... .. ... 20,000 17,500
<br /> 28 Real estate attorney_ _ ... . .__ ..._ . ._..._. ...... .......... 37,500 35,000
<br /> 29 Other attorney's fees_
<br /> 30 Organizational(partnership)... 2N a#x' '
<br /> 31 Tax credit application fee(5%x annual credits requested). . .. _. __.,... 34,234 34,234
<br /> 32 Tax credit monitoring fee(5375 x.number ofunits)._........ ................. ....."_.. 46,500
<br /> 33 Cost certification_ __ .... ......... ......... 2,500 2,500 30 0
<br /> 34 Furnishings and equipment _ _. .............. 30,000 00
<br /> 35 Consultant '
<br /> 36 Other-marketing costs ........................................... . 100,000
<br /> 37 Developer fee(Max 15%of Imes,2 thru 36,less lines 8 8t 9)*............. ,, 447.293 447.2913
<br /> 38 Placement fees _ t ; ak u
<br /> 39 Tax opinion _
<br /> ... .. . =-
<br /> 40 Rent-up expenses _ _ _
<br /> 41 Rent-up reserves _ 251 000
<br /> ..... ...............
<br /> 42 Operating reserve
<br /> ......................
<br /> 43 Relocation expenses
<br /> ... ._......... .. ..... ........... .........
<br /> 44 DEVELOPMENT COST(sum of lines 1 thru43) ........................... ........ 6,662,779
<br /> 6,196 1, 39
<br /> 45 Less federal financing(Other than CDBG)-._.._
<br /> 46 Less disproportionate standard ._..._..._
<br /> 47 Less non-qualified nonrecourse.financing
<br /> 48 Less historic tax credit(Residential portion)
<br /> 49 TOTAL ELIGIBLE BASIS(Line 44 less lines 45 thry 48) 6,196,139
<br /> 50 Applicable fraction(%of units occupied by low income occupants) 130.00%
<br /> 51 TOTAL QUALIFIED BASIS(Line 49 multiplied by line 50) 8,054,981
<br /> 52 Tax credit rate 8.50%
<br /> 53 AMOUNT OF TAX CREDITS(Line 51 multiplied by line 52) 684,673
<br /> 54 TOTAL AMOUNT OF TAX CREDITS REQUESTED 684,6731
<br /> _ . . ... ..
<br /> 55 Cost of land 700 000 0Scc Allocation Plan
<br /> 56 TOTAL REPLACEMENT COST.(Line.44+55).........._....................._,_„" 7,362,779 Shaded areas am excluded rtom basis
<br /> No G .p.v Ve(oPs+15 1s�C�ttij T'(T Wt{{ 1�1Y�o3t�y 441,11
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<br /> (Il)-Part A, Page 8 of 12
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