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USES OF FUNDING
<br /> Project Name:ISanta Clara Plaza Date: 05/04/04
<br /> IRS Setaside 20/50
<br /> Number of Units: 60
<br /> Residential Square Footage: 52,673
<br /> Common Areas: 2,019 These ~vo columns are for
<br /> 3ommercial/other LIHTC APPLICANTS ONLY
<br /> Total Square Footage: 54,692
<br /> COSTS
<br /> (A) Cost per Cost as Estimated Gross
<br /> Original Cost per Square % of Reasonably Expended by
<br /> Application Unit Foot Total Funding Source Expected Basis Carryover Date
<br /> Acquisition Costs
<br /> Purchase Price:
<br /> Land 450,000 7,500 8.23 5.7% City of Eugene ~ $450,000
<br /> Improvements 0 0.00 0.0%
<br /> Liens and Other Taxes 12,750 213 0.23 0.2% $12,750
<br /> iCIosing/Recording 2,000 33 0.04 0.0% HOME $2,000 $2,000
<br /> Extension Fees 0 0.00 0.0%
<br /> Other: 0 0.00 0.0%
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<br /> Acquisition Costs Subtotal: $464,750 7,746 8.50 5.9°/, $14,750 $452,000
<br /> Construction Costs
<br /> Off-site Work 150,000 2,500 2.74 1.9% County Road Funds ~1 $122,500
<br /> On-site Work 714,121 11,902 13.06 9.1% HOME/LIHTC 714,121
<br /> EWEB line extension 29,322 489 0.54 0.4% 29,322
<br /> Demolition 0 0.00 0.0% 0
<br /> Residential Building 4,275,983 71,266 78.18 54.6% HOME/LIHTC/SGC/BETC 4,275,983 $1,820,000
<br /> Commercial Space/Building 0 0.00 0.0% ~
<br /> Common Use Facilities 0 0.00 0.0% HOME/LIHTC $0
<br /> Elevator 0 0.00 0.0% $0
<br /> Laund~/Facilities 0 0.00 0.0% $0
<br /> Storage/Garages 0 0.00 0.0% $0
<br /> Landscaping 0 0.00 0.0% HOME/LIHTC $0
<br /> General Conditions 0 0.00 0.0% $0
<br /> Contractor Overhead 299,000 4,983 5.47 3.8% HOME/LIHTC $299,000 $36,640
<br /> Contractor Profit 0 0.00 0.0% HOME/LIHTC $0 $73,240
<br /> Contingency 272,885 4,548 4.99 3.5% LIHTC $272,885 $91,025
<br /> FF&E (Common Area Furnishings) 0 0.00 0.0% $0
<br /> Other: Performance Bond 0 0.00 0.0% HOME/LIHTC $0
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<br /> Construction Costs Subtotal: $5,741,311 95,689 104.98 73.3% $5,591,311 $2,143,405
<br /> Development Costs
<br /> Land Use Approvals 3,000 50 0.05 0.0% HOME $3,000 $3,000
<br /> Building Permits/Fees 290,000 4,833 5.30 3.7% HOME/VVaivers/LIHTC $290,000 $290,000
<br /> System Development Charges incld above #VALUE! ;;;;;/;;;;/;;; #VALUE! incld above
<br /> Market Study 3,500 58 0.06 0.0% HOME $3,500 $3,500
<br /> Environmental Report 1,500 25 0.03 0.0% HOME $1,500 $1,500
<br /> Lead Based Paint Report 0 0.00 0.0% $0
<br /> Asbestos Report 0 0.00 0.0% $0
<br /> Soils Report (Geotechnical) 3,315 55 0.06 0.0% HOME $3,315 $3,315
<br /> Survey 2,000 33 0.04 0.0% HOME $2,000 $2,000
<br /> Marketing/Advertising 5,000 83 0.09 0.1% LIHTC ~ $0
<br /> Insurance 36,555 609 0.67 0.5% HOME $36,555 $36,555
<br /> Other: 0 0.00 0.0%
<br /> Other: 0 0.00 0.0%
<br /> General Fees I [
<br /> Architectural 165,000 2,750 3.02 2.1% HOME/LIHTC $165,000 $150,000
<br /> Landscape Archtecture 15,952 266 0.29 0.2% $15,952
<br /> Engineering 30~000 500 0.55 0.4% HOME/LIHTC $30,000 $5,000
<br /> Legal/Accounting 50,000 833 0.91 0.6% LIHTC $20,000 $50,000
<br /> Cost Certification 1,000 17 0.02 0.0% LIHTC $1,000 $0
<br /> Appraisals 9,500 158 0.17 0.1% HOME $9,500 $9,500
<br /> Special Inspections/Testing 0 0.00 0.0% $0
<br /> Developer Fee 525,000 8,750 9.60 6.7% LIHTC $525,000 $150,000
<br /> Consultant Fee 0 0.00 0.0%
<br /> Lock Rate Fee 2,175 36 0.04 0.0% LIHTC $0 $2,175
<br /> Project Management Fee 0 0.00 0.0%
<br /> Other: Audit 4,500 75 0.08 0.1%
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<br />Fall 2003 Funding Pro Forma 1 of 2 OHCS
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