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Project Feasibility Budget <br />Total Acrea e 16.45 acres <br />Pro'ected # of units 64 <br />Pro'ected t e and tenure of units 64 SF homeownershi <br />Pro'ected income tar etin distribution 25%-70% <br /> <br />COST ESTIMATES Total Per Unit <br />Re uested land bankin award 300,000 $4,688 <br />Total land cost, includin transaction costs 415,000 6,484 <br />of total land cost from ublic funds 74% <br />Pre Develo ment Soft Costs 125,000 1,953 <br />Fees, etc 15,000 234 <br />Infrastructure Develo ment Costs 925,000 14,453 <br />Subtotal/Develo ed Lot Costs 1,480,000 23,125 <br /> <br /> <br /> <br /> <br /> <br />Project timeline <br /> Be innin Ex ected Com letion Date <br />Land Ac uisition 7/2002 2/2003 <br />Pre-develo ment lannin 8/2002 5/2005 <br />Infrastructure installed 7/2005 9/2006 <br />Construction 9/2006 6/2010 <br />Final ro'ect com letion 6/2010 <br />