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ION G - ES'. I-V-4 a Je REPLACEMENT C S;
<br />SECT I T sOry s • ESl'strhT£ OF ANNUAL EXPENSE
<br />`
<br />1 ADM,INIZ-94TIVE
<br />1. Unusue: ;.anal I:nprovements $ l 1 600.
<br />.
<br />i. hovtrUsm;
<br />2. Other Land I=rovernems S 76 903
<br />7 `.,,
<br />2, hAsna;e-itnt Fee f
<br />3. TC-AL LAND IN•°ROVEMENTS
<br />S' 4P _: (o
<br />3. Other lildl` 0; EXn. V
<br />STRUCTURES
<br />4. TOTAL ADMINISTRATIVE
<br />S 11n ��-
<br />4, traincuildin_s
<br />OPERATING
<br />5. Accessony Buildings S 0'1� 0
<br />S. Elevator Maintenance Exp. S
<br />_
<br />6..:ara:: S
<br />S. Fuel •Heating S
<br />l
<br />7, All 0 `er _u;!diS
<br />7, Fuel • Domestic Hotwater S
<br />�
<br />S. TO T AL -STRUCTURES
<br />S 2�� , F53
<br />S. Lighting ano Misc. Power S 9o, L U
<br />9. SUBTOTAL (Line 3 plus Llne 8)
<br />S 2 , 162, 1 53
<br />S. Water S
<br />10. General Requirements (Line 9 x 4. 5 961
<br />S Q8� 050
<br />10. Gas S
<br />11, SUBTOTAL (Line 9 plus Line 10)
<br />S 2- 261-_ 1 n3
<br />_
<br />11. Garbage and Trash Removal S
<br />FEES
<br />12. Payroll S 68,592
<br />,2. Builder's General overhead (Line II.x I �J
<br />S_ G1 , 560
<br />13, Other S
<br />13. Builder's P,ofit (Line 11 x %1
<br />$
<br />14. TOTAL OPERATING
<br />$163,592
<br />14, SUBTOTAL(Sum of Lire.- 11 through 131
<br />S
<br />MAINTENANCE
<br />15. Bond Premium
<br />S 1 R 7Rf1
<br />15. Decorating S
<br />16. Other Fees Perm/Sac
<br />s 31 , 710
<br />16. Repairs S
<br />17. ESTIMATED TOTAL COST OF CONSTRUCTION
<br />S 2i 353, 123
<br />17. Exterminating S
<br />18. Archite is Fee -Design (Line 14 x�Lbv
<br />S 15n . nnn
<br />18, Insurance S 15,00
<br />19. Archltect's Fee -Supervisory (Line 14 x66 %J
<br />S —15, 000
<br />19. Ground Expense S
<br />20. TOTAL FOR ALL IMPROVEMENTS
<br />(Sum of Lines 17 through 19)
<br />$ 2 518
<br />20. Other Supplies s_ 16,457
<br />21. Cost per Gross Square Foot $
<br />, ,123
<br />21 TOTAL MAINTENANCE
<br />S 31 , d 5 ]
<br />(Line 20divided by Item 8, Sectlon E/
<br />,22, Replacement Res.: New Contt, - (006x
<br />22. Construction Time 1 2 Months Plus 2 - _Months
<br />Line 8, Sec. G Total Srruct.) Rehab -
<br />t
<br />CHARGES AND FINANCING DURING CONSTRUCTION
<br />1.004 x Mort/Coen Requested in Sec M)
<br />S 12, 082
<br />23. interest on S 3 , 812 , 400 @ 1� Q 2-596
<br />23. SUBTOTAL EXPENSES (jlmlodf Lln es 4, 14,
<br />2l;?y
<br />S 317 ,a46 "
<br />x5
<br />.
<br />for 1_ 4 Months S 2271950
<br />24. Real Estate: Est, Assessed Value
<br />24. Taxes $ 4, 286
<br />.
<br />, S
<br />_
<br />25. Insurance a .$ 17 ,143
<br />at S per $1000 - S 96 ,154
<br />25.
<br />26. HUD/FHA Mtg. Ins. Pre. (dG^%J S 38, 1 24 -
<br />Personal Prop. Est. Assessed Value
<br />- S
<br />27. HUD/FHA Exam, Fee (0.3%) $ 11 .437
<br />at S per $1000 - S
<br />28, HUD/FHA Insp. Fee f0.5%) $ g 06
<br />26. Employee Payroll Tax S
<br />29, Financing. Fee (3� J $ SS t ',i
<br />_
<br />27, Other 4brkrens Carp. S ��i "
<br />30. FNMA/GNMA Fee (�%J $
<br />28. Other S
<br />31.;Ah1P0 (2.0%) S
<br />29. TOTAL TAXES
<br />S 134 , 881
<br />32. Continge, y (Sec, 202J (3.0;�) w
<br />30,TOTAL EXPENSES (Llne 23plus Line 29)
<br />S 452,327
<br />33. Title and Recording
<br />g $ 12 , $58
<br />31. Av g. exp, per unit per annum (PUPA)
<br />34. TOTAL CHARGES AND FINANCING �'
<br />S 464 99d
<br />(Line 30 divided by TOTAL Item 7 Sec,C1
<br />s b ,'652
<br />LEGAL, ORGANIZATION AND AUDIT FEE
<br />SECTION J • TOTAL SETTLEMENT REQUIREMENTS
<br />35, Legal S 164
<br />I. Development Costs (Line 45, Section G1
<br />S 5
<br />36Organization S
<br />2, Cash Req. for Land Debt/Acquisition
<br />5' 350 , 000
<br />37. Cost Certification Audit Fee $
<br />3, SUBTOTAL (Liner 1 plus 21
<br />S 4 3L
<br />38, TOTAL LEGAL, ORG. AND AUDIT FEE
<br />S 184�000 _
<br />4, Mortgage Amount S_3 , 812 , 400
<br />x
<br />39, B;-tlder's and Sponsor's Pro ff; and Rlsk
<br />$34Z , 402
<br />S. Development/Cash (Lines 3 minus 41 +l_
<br />S 424 ; 024
<br />�6. Consultant Fee (Nonprofit Only)
<br />_
<br />S'
<br />6, Initial Operating Deficit
<br />S 155., 969
<br />'f
<br />41. Supplemental Management Fund
<br />S
<br />7. Discount Costs
<br />S 76 `2481'
<br />�MO
<br />42, dontingancy Reserve (Rehabilitetlon Only;
<br />S
<br />8, �KKY ���xx Contingency
<br />S 25
<br />43. Relocation Expenses
<br />S
<br />9. Working Capital (2% of Mortgage Amount)
<br />S
<br />}
<br />F
<br />44 other: FF&E
<br />377, 605
<br />10, f?{aSXS;4�(XriGc�IrXrlF�CXStf2;Y72R1 B1 drs . Prof s3 �"
<br />45. TOTAL ESTIMATED DEVELOPMENT COST
<br />a
<br />11. aX-XM%:)f"UA.X9-JXM X 12 M. Debt Escrow
<br />s
<br />'`
<br />r
<br />(Line: 20 + 34 t 38 through 44)
<br />S,3.8En 424
<br />12. Kd4�r?�,d4•XE�i��IX�?Gx�K�tsK C�' D.E.
<br />s i 52 ao6
<br />< "
<br />,
<br />13. Other t.
<br />s 340
<br />La-%d (Estimated Market Price of Site)
<br />14, TOTAL ESTIMATED CASH REQUIRED
<br />'
<br />1 7,59
<br />sqc ft. e� s persq, ft.
<br />S 350, 000
<br />(Sum of Lines 5 through 131
<br />g
<br />S , 168
<br />—�--
<br />FUNDS AVAILABLE FOR.CASH REQUIREMENTS<;
<br />17.. TOTAL ESTIMATED REPLACEMENT COST
<br />is. Sou ce of Cash;
<br />hand
<br />oFPRO JiCT(Uno43plasLine 44)
<br />s4 236�,424
<br />a. S ! 350,000
<br />b. BSPRA s 342 ; 4Q2
<br />i8. Avrrage Cost per Living Unit $ 62,300
<br />C. Sponsor Cash $ 411 .959
<br />(Llne 45d/vided by Total in Sec. C, /tom 71
<br />;
<br />SUBTOTAL (a + b + c) 1 , 1 04 , 301 •
<br />;
<br />SECTION N -ANNUAL INCOME COMPUTATIONS 16. Sou c f
<br />1 Erimated. Project Gross Income
<br />a, ��� S 654
<br />(Line 7, oectlon'E, Page 11-
<br />S' 1 , 043 , 640
<br />,807
<br />b, s;
<br />2. Occupancy (Entire Projecd
<br />90 %
<br />C. S
<br />3 Effective Gross Income fLlne l x Line 2J
<br />$ 939, 276
<br />SUBTOTAL„ (e * b +c) S
<br />i'
<br />4 Total Project Expenses (Line.20, Srctlon 0
<br />S 452,327
<br />Net Income to Project (Line 3 minus Lfne 4) '
<br />17.
<br />s 486 949.
<br />TOTAL Cash, Fees and Grants
<br />(Sum of ltemr.l6plus f61 S 1 759 ,168
<br />r
<br />Exoense,Ratio (Line 4 div/dedbv' Line 31
<br />9S
<br />NOTE: Line 17 must equal or exceed Line 1.4
<br />,
<br />$
<br />2•
<br />r "
<br />
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