Laserfiche WebLink
Recipient: City of Santa ---a, California Grant Nu—.ar: B-84-AA-06-0615(P) <br />Amendment #1 <br />EXHIBIT D--TOTAL <br />Project Budget - Summary of Projected Expenditures <br />USE OF FUNDS a <br />SOURCES OF FUNDS <br />TOTAL <br />COSTS <br />Line Item Activity <br />UDAG Private Other <br />Funds Funds Funds <br />a. <br />Land <br />$5,017,000 <br />$ 5,017,000 <br />b. <br />Parking <br />$ 300,000 <br />300,000 <br />C. <br />Construction/Renovation <br />$689,000 <br />6,446,476 <br />7,135,476 <br />d. <br />Contingency <br />98,640 <br />' <br />98,640 <br />e. <br />Professional Fees <br />1,186,704 <br />1,186,704 <br />f. <br />Contributed Land Equity <br />998,782 <br />998,782 <br />g• <br />h. <br />I. <br />j- <br />k. Capttal Equipment <br />10,000 <br />10,000 <br />1. Equipment not counted in <br />leverage ratio <br />m. Working Capital (not <br />counted• in leverage ratio) <br />n. Profit & Overhead (not <br />counted in leverage ratio) <br />o. TOTAL PROJECT COST <br />$689,000 <br />$9,040,602 <br />$5,017,000 <br />$14,746,602 <br />p. Recipient administrative costs <br />reimbursed from UDAG funds <br />q. Less: items not counted in <br />leverage ratio (line f.) <br />- 998,782* <br />r. Total private investment to <br />be reported on QPR's ("countable <br />private") <br />$8,041,820 <br />S. Plus: Discounted value of <br />UDAG loan repayment <br />+ 435,662 <br />t. Plus: Discounted value of <br />other public loan repayments <br />+ 856,264 <br />u. Plus: Present value of <br />lease payments <br />+ -0- <br />v. Totals used in computing <br />leverage ratio <br />$689,000 <br />$9,333,746 <br />Discount Rate: 10 <br />EXHIBIT D <br />*Land already owned by Revised 3/29/84 <br />Rangel, Ceballos, Escalante S Fainbarg <br />Page 1 of 6 <br />