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<br />CENTERVILLE, 1\11NNESOT A - Anchor Tenant <br /> <br />Project I-B9 <br />SOURCES OF FUNDS <br />First Mortgage $ 2,190,821 <br />Additional Gap Financing Required 353,505 <br />Tax Increment Financing 194,200 <br />Greater Minnesota Housing Funds (MHF A) <br />Sales Proceeds Office Condo & Townhome Lots <br />Total Sources of Funds S 2,738,526 <br />USES OF FUNDS <br />Acquisitions Costs $ 280,000 <br />Demolition I Site Preparation <br />Relocation Specialist <br />CorumwmonCosts/~pro~mmts 1,910,066 <br />Cash Accounts (Tax & Isurance Escrows, Marketing Costs, Etc...) 64,020 <br />Municipal Costs <br />Sewer and Water Access Charge 11,000 <br />Park Dedication Fee 9,648 <br />Building Inspection Fees 12,515 <br />Public ~provemmts <br />Professional Services 238,115 <br />Soft Cost Contingmcy 30,000 <br />Closing Costs 14,820 <br />Cost of Financing 86,130 <br />Tax Credit Fees <br />Develo Fee 82,212 <br />Total Uses of Funds $ 2,738,526 <br /> $ <br />FINANCING GAP $ 353,505 <br /> <br />