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2A, Presbyterian Homes Tax Increment Financing Contract
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2A, Presbyterian Homes Tax Increment Financing Contract
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10/23/2024 12:14:03 AM
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1/31/2011 2:24:27 PM
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12-13-10 City Council Work Session
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I <br /> i <br /> i <br /> Utilities included in monthly rent: <br /> a <br /> a <br /> OPERATING EXPENSES s <br /> %of Gross(Annual) <br /> TOTAL PROJECT COST: $ DEVELOPER EQUITY: $ <br /> a <br /> DEBT SERVICE: $ `HARD COSTS: $ <br /> LAND VALUE: $ SOFT COSTS: $ <br /> *(Hard Costs are all project costs the IRS has determined to be eligible items for depreciation.) <br /> ANTICIPATED INTEREST RATES: AMORTIZATION SCHEDULE: <br /> % -Year Amortization Schedule <br /> If the project were convention- <br /> ally financed,what interest <br /> rate would you expect to pay? <br /> SALES ASSUMPTION: DEPRECIATION METHOD: <br /> How many years do you plan to Years: <br /> hold the property before you <br /> sell? Type: <br /> years, At what percent do you <br /> feel the value of the project Amount of Total Basis: $ <br /> will appreciate? <br /> EQUIPMENT: <br /> $ of project cost is for equipment(e.g.,washers/dryers) <br /> ANTICIPATED INCREASES; ANTICIPATED VACANCY RATE: j <br /> Revenue: %per year First Year: % <br /> 5 <br /> Expenses: %per year After First Year: % <br /> CONSTRUCTION SCHEDULE <br /> Anticipated construction commencement date. <br /> 11 F <br /> x <br /> F <br />
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