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<br />~~.i;. .'...'..Y1Hi',. /.;.:.~..'."...;;i'c;"~ <br />i 1'.:<'.. '.; ...,; <br />1.\ .' <br />,. J ~. <br />GREATER MINNEAPOLIS METROPOLITAN HOUSING CORPORATION <br /> <br />15 South 5th Street, Suite 710 · Minneapolis, Minnesota 55402 · phone: (612) 339-0601 · fax: (612) 339-0608 <br /> <br />S~GLEFAM~YPROFORMA <br />August 20,2001 <br /> <br />rrooertv Address: 2018 Hamline Avenue North. Roseville. MN 55113 <br />IA. Development Costs: <br />1 Construction Costs $160.000.00 <br />2 Contingency(May not exceed 5% of Construction Cost) <br />3 Marketing (May not exceed 3.5% of sales price) 6,300.00 <br />4 Financing and Carrying Costs <br /> a. Interest during construction <br /> - est. no. of months = 6 <br /> Interest Rate $5.000.00 <br /> b. Taxesduringconstrucrion 300.00 <br /> Post Construction <br /> c. Insurance 600.00 <br /> d. Title and recording 600.00 <br /> e. Legal Fees 0.00 <br /> f Points construction loans 0.00 <br /> Mortgage Loan 0.00 <br /> g. Closing Costs 850.00 <br /> h. Appraisals 350.00 <br /> 1. Utilities 600.00 <br /> j. Property management (post-construction) ? 600.00 <br /> - est. no. months = 3 <br /> k. Other(specify) Security System & Architectural Fees 1.375.00 <br /> 1. Total 10 275.00 <br />5 Acquisition (3.425.00 <br /> TOTAL DEVELOPMENT COSTS(I-8) $18001J0.OO <br />B. SALE PRICE $180.000.00 <br />C. NET ~COME OR DEFICIT (A-B) <br /> <br />Souths ide <br />3800 Longfellow Avenue South <br />Minneapolis, MN 55407 <br />Ph: (612) 722,7141 <br /> <br />HoudngRefOUTce CentefM <br /> <br />Northeast <br />909 Main Street NE <br />Minneapolis, MN 55413 <br />Ph: (612) 378 ' 7985 <br /> <br />Northwest <br />2140, 44th Avenue North <br />Minneapolis, MN 55412 <br />Ph: (612) 588 - 3033 <br />