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n L.epl erv nle senlar Housing - Draft Numbers Only - Current Rent Assumptions + $25 /month
<br /> �e and Uses
<br /> SOURCES USES
<br /> SR HOUSING TOTALS - SR HAI ISSN TOTALS EERUtig %(?F TOTAL
<br /> :- EXEMPT G.O. BOND 1,265,00000 1265,000.00 ACCtUISITKON 0 0 0.00%
<br /> 1....IONS GRANT 50,000.00 50,000.00 LANO 0.00
<br /> CONSTRUCTION FUND 1,100,000.00 88,750.00 82.43%
<br /> INTEREST ON PROJECT FUND 19,408.52 19,408.52 BLDG COSTS a CONTINGENCY 1,100,000.00
<br /> ACCRUED INTEREST 0.00 - 0.00
<br /> 1 TOTAL SOURCES 1,334,408,52 1,334,408,52 CONSTRUCTION SOFT COSTS 77,950.00 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 /> a Construction completed on May 1, 1998, 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 dosing_ SOILS /SURVEY 4,000.00
<br /> ENVIRONMENTAL 2,500.00
<br /> COSTS OF ISSUANCE 59,737.50 3,733.59 4.48 %1
<br /> CITY COST REIMBURSEMENT 5,000.00
<br /> HRA COST REIMBURSEMENT 5,000.00
<br /> MARKET STUDY 1,800.00
<br /> BOND & OS PRINTING 3,500.00
<br /> . UNDERWRITER 22,137 -50
<br /> BOND COUNSEL 6,000.00
<br /> FINANCIAL ADVISOR 13,000.00
<br /> TITLE DISBURSEMENT/INSURANCE 3,000.00
<br /> PAYING AGENT 300.00 1
<br /> CAPITALIZED INTEREST FUND 69,199.17 4,324.95 5.19%1
<br /> CAP_ INTEREST 69,199.17
<br /> - DEFAULT FUND 0,00 0.00 0.00%
<br /> DEBT SERVICE RESERVE. 0.00
<br /> I
<br /> OPERATING FUND 20,000.00 1,250.00 1.50 %1
<br /> OPERATING FUND 20,000.00
<br /> CONTINGENCY 7,521._88 7,52126 470.12 0.56 %1
<br /> TOTAL USES 1,334,408.52 1,334,40852 83,400.53 100.90 %, •
<br /> 7 12:08 PM Prepared by Ehlers/Publicorp, Inc_ - Estimates Subject to Change n:'anokkhra196hsg10ENTER78.WK4
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