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Uses <br />10 Resale Value of Land is a preliminary estimate and will be subsequently <br />verified. <br />11 Total Sources amountto $65.8 million. <br />12 Contingencies for Land and Building Acquisitions have been built into line 12 <br />based on the perceived risk for each parcel; thus, we have eliminated the <br />contingency for acquisitions on line 18. Relocation is a preliminary cost <br />estimate provided by the relocation consultant based on the current Uniform <br />Relocation Act. <br />13 Site Preparation costs are consistentwith the preliminarysite plan. <br />14 Site Preparation - Environmental reflects costs which have been estimated for <br />several sites and extrapolates them on a square foot basis for the entire <br />project. <br />15 Landscaping and Other Public Improvementcosts are preliminary. <br />16 Streets - Twin Lakes Parkway and Off Site are also preliminary costs. <br />17 Contingencyconsists of 10%of the non-acquisition costs. <br />18 Costs of issuance are estimated for revenue bonds only and are calculated at <br />2.5% of the principal amount. <br />19 Total Uses are approximately $65.8 million. <br />20 Total Uses subtracted from Total Sources generates a small deficit. <br />Caveats <br />Please consider the following when reviewing the Sources and Uses: <br />t While estimated costs are continuously being refined, a number of them are still <br />preliminary, particularlyenvironmental remediation costs. <br />� While the tax-exempt rates for the TI revenue bonds may seem high at today's rates, <br />those rates may be understated by the time the bonds are issued. <br />. The TI revenue bonds will probably require debt service reserves, which reduces the <br />amount of proceeds actually available for project expenses. Because there are <br />many variables and many ways to structure the debt, we thought it premature to <br />• Page 3 <br />