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Santa Ana Arts Collective Project Budget•Permanent Phase
<br /> COSTS FUNDING SOURCES
<br /> State-HCI 0%lag credits Local Local Local Private Private I State-HCO
<br /> Residential Commerclsl Total $HSC Bank of City OI5a01a Cityf Santo City on Santa CLRC-
<br /> • R• ental America Ana- ° Perm $NSC Grant
<br /> Component Development ProRrLo Ana•HOME Ana-00630 Loan 1st Trust Deferred Funds- SOV RC E9
<br /> Developer Fae ST18 TOTAL
<br /> Component Casts Costs AHD-13 Loan Equity Indml°nary Funds funs Deed Program
<br /> COets Investment funds
<br /> 'ACQUISITION. • I
<br /> Leaser of Land Cost or Value 63,008812 $30,160 83,138,30 5556,370 52,210,700 1317,677 830,100 53,135,36
<br /> Legal B Closing Costs 533,220 5421 033,69 533,220 1421 833,690
<br /> Verifiable Carrying Code 8203,046 82,560 5206,426 521,320 5182,323 12,510 •
<br /> 8208928
<br /> Subtotal 10,092,005 542,108 885)6,075 $0 564,704 5550,376 02,210,760 5000,000 142,103 $0 BO 53,316,078
<br /> Existing Improvements Cost 14,211,825 552,¢75 04,7000 54318,623 $53,279 84310,0.00
<br /> Other(specify/ 50 5p
<br /> Total 60501111100 $7,641,014 856,044 57,040,575 50 554,764 84,771,000 $2,210,702 $000000 506,184 $2 80 51,040,015
<br /> (RELOCATION
<br /> Permanent Relocation $1,454,606 018,412 51,470,072 $1,413,000 81,470,020
<br /> Total Relocation $1,469,600 818,412 51,475,000 50 90 10 BO 40 10,470222 50 90 11,412,000
<br /> (CONSTRUCTION
<br /> OR-Site Improvements 50 30
<br /> Site Work(hard costal $402,520 86,858 1486,678 1402620 15,854 8406,676
<br /> Structures(herd costs) 04,020,400 $93,001 $4,851,406 $4,011357 6663,513 54,EBLo06
<br /> Adaptive Reuse 8],001,100 8102840 57,59,800 032,343 86,754837 1102,040 87,700,020
<br /> General Requirements 5900,526 811,000 5020,020 1006,320 111.500 0920,020
<br /> Contractor Overhead 523053 53,020 8241,600 1296500 83.020 $241,600
<br /> Contractor Profit 3550,220 67,041 0503,81 1098,220 $7,041 5659,301
<br /> General Liability Insurance 5303,003 14,505 1308.400 $60303 $4,505 5365,400
<br /> Total Construction $14,626,634 5107,886 019,013.133 14,944,130 50,204,150 to Ba 30 $104,209 to 80 815010,188
<br /> (ARCHITECTURAL
<br /> Design 8083,247 512,200 80E1,910 5571,426 5410.001 5081,516
<br /> Supervision 8151,020 $1911 1062,020 1102020 8152920
<br /> Total Ar°hlleclsral Costs 11,120,265 $14,102 11,194,401 12 1571,420 la 50 50 2560211 10 5O 51724436
<br /> ISURVEY&ENGINEERING ) )
<br /> Engineering 01.017,017 812674 11.021801 51,017,017 112,074 01,020,601
<br /> Total Survey 8 Engineering $1,01],01] $10,674 51,028,891 50 81,017,017 It 50 80 010,074 50 20 11.020.891
<br /> 'CONTINGENCY COSTS I
<br /> Flare Cast Contingency 81,82,560 115,230 00:090,009 81382560 118330 11398300
<br /> Soft Cost 001013)ncy 5207,12 13,262 1200,074 8262712 83352 5200874
<br /> Total Contingency Costs 11,040,672 519,121 51400,070 Ba 91,540,572 50 80 E0 $11,001 10 50 11.080,173
<br /> ICONSTRUCTION PERIOD EXPENSES t
<br /> Construction Loan Interest 8528,97 $08137 $224684 5528,207 $6,607 $034,084
<br /> 000001°n Fee 1157,451 51,003 6151,404 0157,461 10,903 5109,454
<br /> Credit Enhancement 0 APP Fee 520,825 $375 130,000 520620 1375 130,000
<br /> Taxes During Construction 5142,0]] 61,700 $140075 6142,077 11,790 6143,075
<br /> Pr°valllnp Wage Monitor $0 10 50 50
<br /> Insurance During Construction $212,312 12,080 8215,000 8212,312 $2606 6215,000
<br /> T155 end Recording Feel $50,50 0750 660;000 060,250 3700 $50,000
<br /> Other Construction Loan Interest Post CVO $352,198 54,460 8356.555 5362,109 $4,450 1305550
<br /> Total Ca000nectlon Expenses 11,401,220 110,43 $1,401,660. 3o $1,401,220 to 00 50 $16,740 SO 10 11,400,000
<br /> PERMANENT FINANCING EXPENSES
<br /> Loan origination Feels) 530,051 1300 190,431 130,051 $300 830,991
<br /> Ma and Recording - 019,]60 0250 120,000 010.750 1250 620,030
<br /> Total Permanent Fln°n°Ing 140,001 5a30 400,401 50 140,901 50 50 80 1030 $0 50 $60,421
<br /> ILEGAL FEES
<br /> Conaeucg0°Lender Legal Expenses 179,000 81,30 560,000 8]9,000 81,0001 590,020
<br /> Sponsor Legal Fees $98.750 31,250 8100,30 598750 $1350 6100,006
<br /> Total Legal Fees 1177,750 10,250 1120,000 80 01»,750 80 80 AO $2200 30 50 0100610
<br /> ICAPITALIZED RESERVES I l
<br /> Operating Reserve 8140.070 3149,079 8149,070 1140,670
<br /> Total Capitalized Reserves 1140,070 Sy 2149,175 8O 0148,870 50 80 50 '50 10 50 5149,079
<br /> (REPORTS&STUDIES - r
<br /> Appreisallsl 12,668 034 52,700 52.555 534 32703
<br /> Market Study 121,102 $269 021,450 $21,182 1251 121,450
<br /> Environmental Studies 123,700 5300 624,0.34 823,700 5300 124,30
<br /> Other:Accounting 5103,690 01,e12 EIo5,wo 550388 50.312 92,E 6205,30
<br /> Total Reports 8Smmea 5151,236 11314 0115,100 $0 $120,796 10 00 00 11,514 10 122,600 119,100
<br /> 'OTHER
<br /> ICAC App.lAliocrModmr Fees 5152966 0102,460 1152,450 $162484
<br /> Local Permit Fees 0252,541 9,670 0260,117 1282541 _
<br /> 53,576 0295,117
<br /> AHSC Eligibl016000 Impact Fees: _ 80
<br /> Drainage 81),666 1224 918,090 817306 1224 818,090
<br /> Parka eftecreation 6229,e64 $2871 6232,996
<br /> 8220,004 82611
<br /> 5292613
<br /> Streets/Signals 00 $0 b0
<br /> Traffic Fees 5200,693 83,709 6203,482 0723.29 38969 8293.652
<br /> Waste Water 5253341 $3088 5253,407 $233,241 03,166 5208407
<br /> Water Fad* 55],0]6 $715 451,703 109078 5616 667,703
<br /> •Other Impact Foes _ _ 5243,100 52,156 8170304 8173,13 82155, 0170,284
<br /> Furnishings 8545,625 14,375 5560,000 8345625 04,375 8358000
<br /> 'When:248 513636o 11,750 5140,000 1138290 8140,000
<br /> Wher'.Utility Foos 6230,110 63027 $24213] 5239,110 $24213]
<br /> 'Med Relmb Cools es 653326 5576 654,000 063,335 6302] 064,000
<br /> Total Other Costs $2,231,605 390,324 12290.203 10 32.031,06, $0 00 50 526924 10 00 10,000,200
<br /> SUBTOTAL $91,743,106 1390,063 592,447,100 54,844,130 $16,65),703 543]5,000 52210,)60 5000,000 53,015,100 I $a 502,600 02147,196
<br /> Developer Fee000erl0000Pront 19.976.000 526,000 82000.0011 51,375,09 520,9031 5500,000 82,000000
<br /> Total Developer Costs $1,375000 (25,000 02,002,000 So 31,375,000 $0 50 10 525,0001 1600,000 50 62,000.000
<br /> TOTAL DEVELOPMENT COST $09,724108 4429,013 094,147,190 04,044,100 311,142,100 14775,000 $2,210,700 595,000 52,042.100 1, 0000,000 822,000 134.147,100
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