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Item 5: PH: Use of 108 Funds for Construction Financing
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CC Agenda - 12/14/09 - City Council Meeting and Meeting of the Eugene Urban Renewal Agency
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Item 5: PH: Use of 108 Funds for Construction Financing
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6/9/2010 12:52:25 PM
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12/11/2009 10:46:55 AM
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Agenda Item Summary
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12/14/2009
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ATTACHMENT B <br />Summary of Financing Sources & Uses: <br />Preliminary Development Financing Plan <br />Rehabilitation of the Centre Court Building <br /> <br /> SOURCES OF FUNDS <br /> Private Investment $ 735,000 <br /> BEDI Grant $1,315,000 <br />Section 108 Loan (#2) $5,189,000 <br />Urban Renewal Cash $ 65,000 <br />DLRP funds $ 350,000 <br />TOTAL SOURCES <br /> $7,654,000 <br /> <br /> USES OF FUNDS <br /> Hard Costs $6,064,000 <br /> Soft Costs $1,300,000 <br />Financing $ 290,000 <br />TOTAL USES <br /> $7,654,000 <br /> <br />
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