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<br />Sources & Uses 58 TOlvnholllc Units <br /> <br />Project I-Bl-2 <br /> <br />SOURCE..~ OF FUNDS <br />First Mortgage <br />Additional Gap Financing Required <br />Tax Increment Financing <br />Greater Minnesota Housing Funds (MHF A) <br />Sales Proceeds Office Condo & Townhome Lots <br /> <br />TOWllhol1le~ <br />Souih <br />58 LoIs <br /> <br />$ <br /> <br />94,339 <br />1,298,500 <br /> <br />3,480,000 <br /> <br />Total Sources of Funds <br /> <br />s <br /> <br />4,872,839 <br /> <br />USES OF FUNDS <br />Acquisitions Costs <br />Demolition / Site Preparation <br />Relocation Specialist <br />Consttuction Costs / Improvements <br />Cash Accounts (Tax & Isurance Escrows, Marketing Costs, Etc...) <br /> <br />$ <br /> <br />2,233,400 <br />150,000 <br />111,670 <br />971 ,500 <br /> <br />MUnicipal Costs <br />Sewer and Water Access Charge <br />Park Dedication Fee <br />Building Inspection Fees <br />Public Improvements <br /> <br />FINANCING GAP <br /> <br /> 188,500 <br /> 34,800 <br /> 212,906 <br /> 183,675 <br /> 34,800 <br /> 116,000 <br /> 635,588 <br />S 4,872,839 <br />$ <br />S 94,339 <br /> <br />Professional Services <br />Soft Cost Contingency <br />Closing Costs <br />Cost of Financing <br />Tax Credit Fees <br />Develo Fee <br /> <br />Total Uses of Funds <br />