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8
<br /> SECTION 5. PROJECT' OPVELOPIvIENT COSTS (continued) 24
<br /> Compare tee fol cos[infolmatbn as 4.21 02
<br /> OpC FounMd con&MHAMC 0118 NOVA AprS, CartMro, NC
<br /> A. USES OF pUNOS
<br /> CMT REMS COST TO PROJECT PER UNIT COST
<br /> 1 Land $156,000.00 $6,500.00
<br /> 20rreite improvements $38,000.00 $1,583.33
<br /> 3 offsite im rorements $0.00 $0.00
<br /> fl3ALd$IPIFUVE1}Eri , -,, ,< , ,� „ ,. ''. .1[ $8,083.33
<br /> 5 building ac uaRlpn $0.00 $0.00
<br /> 6 rehabllihtbn rost$ $0.00 $0.00
<br /> 7 new puldings $901.295.00 $29,220.63
<br /> 8 consxmction Conn In develo ra fee $000 $0.00
<br /> 9 general reulrementa $59,143.60 $2.464.32
<br /> 10 Control averFead(2 ) & Mft 8% $76,043.86 $3,168.49
<br /> 1l architect -desn (4%of line 6 or 7 e 9) $34,979.30 $1,457.47
<br /> II ammett -m mor mm 1%of Ilne 2 & 6-10 $8,744,52 $364.37
<br /> 13.1 other constmcnOn costs(oord,fees) • $87,783,90 $3,657.66
<br /> ,•.::'Y - ; '" '"' ::.°e .% 9.`v18.. $40332.94
<br /> 14 real estate attornal SISAWOO $641.67
<br /> 15 corstntont(Indeveloperfee). $0.00 $0.00
<br /> 16 surn s $4,000.00 $166.67
<br /> 17 commmaion insurance $121500.00 $520.83
<br /> 18 NC FA Loan Ongration Fee (1%of Ni bon) $4,000.00
<br /> 19 constructor per o ' (nation fee $7,676.00 $319.83
<br /> 20 construction loan Interest @ 5.5% $10,554.00 $439.75
<br /> 21 real estate taxes $1200,00 $50.00
<br /> 22 pernnarent loan o manor fee $1,600.00 $66.67
<br /> 23 pearl loan credit he $0.00 $0.00
<br /> 24 title eM ral Ol Me lro) $5,000.00 $208.33
<br /> 25 these I Env. Assmt. $1 500,00 $62.50
<br /> 26 orarerre soemaai 44,000.00 $166.67
<br /> 27 COST CertiNcatbn Fee $2,500.00 $10417
<br /> 28 Otter_SMIe 1neen T $21500100 $104.17
<br /> ;�29 0$ , E s ' ::4s s a e 1 a��v$T ,4 $3,017.92
<br /> o
<br /> 30 Developers Fee (Max 10%Ina 127 Was 35&10 $115837.66 $4,826.57
<br /> 31 Rent Up Reserves $0.00 50.00
<br /> 32 Operating Reserves $82,560.00 $3,440.00
<br /> 33 FurniaN s and EquRarnent $0.00 $0.00
<br /> 34 Escrows $0.00 $0.00
<br /> 35 OtMr(ACCOUnti , Le al Tax con,Iml Fees) 593,307.00 1 ,887.79
<br /> 36 .e..ea „"2, • . '^; t "' �. . $12.150..36
<br /> w2 m ^sXP;�SiT2Sifi !:, $63.588.55
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