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,r L.entervute senior Housing - Draft Numbers Only - Current Rent Assumptions + $25 /month
<br /> ;e and Uses
<br /> SOURCES USES
<br /> SR HOUSI TOTALS $g�p TO -IA—U PERUU IT 782.43% :- EXEMPT G_O. BOND 1,265,000.00 1,265,000.00 ACQUISITION UNIONS GRANT SO,QOfl.00 50,000.00 I.AND CONSTRUCTION FUND 1,100,000.00 68,750.00
<br /> INTEREST ON PROJECT FUND 19,408.52 19,408.52 BLDG COSTS & CONTINGENCY 1,100,000.00
<br /> ACCRUED INTEREST 0.00 0.00
<br /> TOTAL SOURCES 1,334,408.52 '1,334,408. CONSTRUCTION SOFT COSTS 77,950.06 4,871.88 5.84 %1
<br /> ARCH. & ENG. 24,000.00
<br /> Assumptions: FURNISHINGS /INTERIOR DESIGN 2,000.00
<br /> 1. Closing on financing on August 1, 1997_ CONSTRUCTION TECH. SUPPORT 37,950.00
<br /> 2. Construction completed on May 1, 7998_ INSURANCE 2,500.00
<br /> 3. Capitalized interest through July 1. 1998. - MANAGEMENT STARTUP COSTS 5,000.00
<br /> 4. Estimates for interest may vary significantly before closing_ SOILS /SURVEY 4,000.00
<br /> ENVIRONMENTAL 2,500.00
<br /> COSTS OF ISSUANCE 59,737.50 3,733.59 4.48 %�
<br /> CITY COST REIMBURSEMENT 5,000.00
<br /> HRA COST REIMBURSEMENT 5,000.00 i
<br /> MARKET STUDY 1 ,800.00 lI i
<br /> BOND & OS PRINTING 3,500,00
<br /> UNDERWRITER 22,137.50
<br /> BOND COUNSEL 6,000.00
<br /> FINANCIAL ADVISOR 13,000.00 1
<br /> TITLE DISBURSEMENT /INSURANCE 3,000.00
<br /> PAYING AGENT 300.00
<br /> CAPITALIZED INTEREST FUND 69,199.17 4,324.95 6.19%1
<br /> CAP. INTEREST 69,199.17
<br /> DEFAULT FUND 0.00 0.00 0,00 %�
<br /> DEBT SERVICE RESERVE_ 0.00 Il ii
<br /> i
<br /> OPERATING FUND 20;000.00 1,250.00 1.50 °1
<br /> OPERATING FUND 20,000.00
<br /> CONTINGENCY 7,321.86 7,521.66 470.12 0.56 0 /6 I
<br /> LTOTAL USES 9,334,408.52 1,3 83,400.53 100.00 % `` .
<br /> ' 12:08 PM Prepared by Ehlers/Pubficorp, Inc_ - Estimates Subject to Change n:'anokhra196hsgtCENTER7B_WK4
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