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<br />TWIN LAKES REDEVELOPMENT PRO FORMA
<br />SOURCES AND USES
<br />Combined Areas 1 - 5, 8
<br />
<br /> Totals
<br />SOURCES
<br />Sale Revenue from Housing Units 159,960,000
<br />Sale Revenue from Commercial Property 56,470,588
<br />Sale Revenue from Corporate Office 27,900,000
<br />TI Payments before Sale 1,918,359
<br />Sale of TI Revenue Bond 21,048,502
<br />Sale of TI Revenue Note 6,621,586
<br />Sale of HSS Revenue Bond 3,600,000
<br />Sale of HSS Revenue Note 412,500
<br />Transportation Grants 3,000,001
<br />Environmental Grants 3,000,001
<br />TOTAL SOURCES 283,931,537 100.00%
<br />USES (
<br />Land Acquisition 41,888,300 14.75%
<br />Relocation Costs 3,505,786 1.23%
<br />Site Preparation 4,318,202 1.52%
<br />Environmental Remediation 8,630,641 3.04%
<br />Public Improvements 1,925,003 0.68%
<br />Roads/Sidewalks 5,014,295 1.77%
<br />Construction Labor & Materials 139,375,600 49.09%
<br />Indirect Construction Costs 18,797,220 6.62%
<br />Interim Property Taxes 1,319,840 0.46%
<br />Construction Interest 13,179,568 4.64%
<br />Developer Overhead & Administration 6,538,800 2.30%
<br />Marketing & Sales Commissions 11,285,012 3.97%
<br />Contingency 4,099,600 1.44%
<br />Costs of Issuance (TI Bonds/Notes) 616,213 0.22%
<br />Finance Fees 1,200,000 0.42%
<br />TOTAL USES 261,694,079 92.17%
<br />NET INCOME (LOSS) 22,237,458 7.83%
<br /> (
<br />
<br />3/4/2005
<br />
<br />Summary
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