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Page 5 <br />TWIN LAKES REDEVELOPMENT AREA <br />SOURCES & USES and GAP STRATEGIES <br />Areas 1-5 & 8 <br />Housing Units 595 <br />Building Sq. Ff. 660,000 <br />Acres 7 3 . 9 <br />SOURCES <br />TI Bonds 7.00°/a 21,407,849 <br />TI Revenue Note 7.00°/a �oacxx�ocxx�oc <br />Grants - Other � � <br />Resale Value of Land 26,470,800 <br />TOTAL SOURCES 47,878,649 <br />USES <br />Land and Building Acquisition 44,690,237 <br />Relocation I 1,405,560 <br />Site Preparation (grading, demo, eng., soil correction) 6,774,058 <br />Site Preparation - Environmental 7,983,768 <br />L�n�� in� �TL��� Lar, r� �al� irrtpro�re�ealts 1 750 000 <br />Stree s win Lks k; -- �— 4,645,281 <br />Contin en 10.00°/a �24,840.. <br />Costs of Issuance % of T.I. Bonds) �.� 0 <br />TOTAL USES 73,973,794 <br />(DEFICIT) 26 095 145 <br />�,m, O <br />Individual Gap Strategies * Range <br />1 Twin Lakes Parkwa issues 0- 5 500 000 <br />2 S ecial Assessments 20 rs, PV 5.5°/o 0' 3 972 887 <br />3 Reduce Contin encies 0- 6 724 890 <br />4 Reduce Cit Admin Fees 7.5°/a- 2.5% 741 149 � 2 223 446 <br />5 Off-site road im rovements d b State/Count 0- 2,388,870 <br />6 Obtain Environmental remediation rants 0' 3 000 000 <br />7 Issue G.O. Bonds interest rate 6.0% - 5.0°/o 1 940 529 " 4 831 084 <br />8 Hi her resale land values; lot finishin issues 0- ? <br />9 Hazardous Substance Subdistrict 3 000 000 � 6 000 000 <br />10 Fiscal Dis arities Outside District 13 or 25 rs 2 505 649 ' 4 149 123 <br />l I Revenue Note from inflation & covera e 5 273 511 - 5 273 511 <br />12 Corr�pa���ion of 4� 7$� � p�p� pund eff�G� 541,533 - 1 088 508 <br />T�TAL � 1 ��� �� � �� � ����1 � <br />Twin Lakes 9 7b.xls Prepared by Krass Monroe, PA ��� 3��0041 ��� � <br />