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An analys *Is of the project budget
<br />and the actual expenditures as
<br />provided by the Developer
<br />18 It
<br />out below
<br />(Over)
<br />Bud
<br />Actual
<br />Under
<br />Land
<br />$1F2251,000
<br />948,926
<br />$ 276,074
<br />Construction
<br />8,578,00
<br />1211,075,725
<br />(3,497,725)
<br />Flurn,, and Equl"p,,
<br />2 0 0,F 00'
<br />if886
<br />790,886)
<br />Debt Reserve
<br />1126211,000
<br />11462,659
<br />200,659)
<br />Issuance, organi"Lzation,
<br />W,
<br />and Marketi ng expense,
<br />2,F 489, 0'00
<br />8�16j,246
<br />11672,754
<br />Escrow
<br />O
<br />30,738
<br />30,738)
<br />Misc.
<br />1151,r 000
<br />166,772
<br />51,772)
<br />Interest, during
<br />construction
<br />2,096,000
<br />0
<br />21096r0 OO
<br />Working Capital,
<br />...................
<br />626 0
<br />'Total, 116,59
<br />1, jr 000
<br />SI-6, 4 9 1, 9 5 21
<br />_$ 99,r 048
<br />*The, orginaL budget incLuded $2,310,coo, of partnership
<br />equity contribution
<br />and $905,000 of interest
<br />earnings thus accountlirig for the add ition,aL amounts over the I bond issue proceeds.
<br />As of thi,si date, no Tax Increment Funds have been disbursed to
<br />the Rosepointe, Developer,.
<br />Should there be additional iinformation you would 110ke, prepared or
<br />researched, please let us know.,
<br />
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