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SOURCES AND USES
<br />Sources
<br />r
<br />$ Amount
<br />Status
<br />Approval Anticipated by:
<br />For Sale Townhomes
<br />$2,896,000
<br />Planning Stage
<br />December 2003
<br />Commercial Retail Pads
<br />3,250,000
<br />"
<br />"
<br />Apartments over Retail
<br />936,000
<br />"
<br />n
<br />Daycare
<br />250,000
<br />4,522,422
<br />"
<br />Affordable Townhomes
<br />1,092,000
<br />96,000
<br />"
<br />Senior Apartments over Retail
<br />1,200,000
<br />250,000
<br />"
<br />LCDA 2000
<br />450,000
<br />Approved
<br />LCDA 2003
<br />1,297,250
<br />Requested
<br />Other public sources
<br />3,481,509
<br />Planning
<br />TOTAL:
<br />$14,852,759
<br />Uses
<br />$ Amount
<br />$ Portion from
<br />LCDA Source
<br />$ Other Public
<br />Sources
<br />$ Other Private
<br />Sources
<br />Hard Costs:
<br />Land Acquisition
<br />$6,217,754
<br />($450,000 from
<br />2000 grant)
<br />$1,700,000
<br />•
<br />Infrastructure Costs
<br />5,708,672
<br />1,186,250
<br />4,522,422
<br />Decorative Street Lights
<br />96,000
<br />96,000
<br />Traffic Signal
<br />250,000
<br />1
<br />Total Hard Costs:
<br />$12,272,426
<br />Soft Costs:
<br />Third Party Reports/Tests
<br />135,000
<br />Municipal /Development costs
<br />450,960
<br />Financing
<br />1, 181,373
<br />Commissions /Closing costs
<br />798,000
<br />Park design /water feature
<br />15,000
<br />15,000
<br />Total Soft Costs:
<br />$2,580,333
<br />OVERALL TOTAL
<br />$14,852,759
<br />$1,297,250
<br />$6,222,422
<br />(2003 grant
<br />request)
<br />12
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