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SAMPLE BUT-FOR ANALYSIS
<br /> WITH NO WITH
<br /> PUBLIC FINANCING PUBLIC FINANCING
<br /> SOURCES AND USES SOURCES AND USES
<br /> SOURCES SOURCES
<br /> Mortgage 9,600,000 8,900,000
<br /> Equity 2,400,000 2,400,000
<br /> Public Financing 0 700,000
<br /> TOTAL SOURCES 12,000,000 12,000,000
<br /> USES USES
<br /> Land 1,500,000 1,500,000
<br /> Site Work 300,000 300,000
<br /> Soil Correction 468,000 V 468,000
<br /> Demolition 100,000 . 100,000
<br /> Relocation 65,000 .L; 65,000
<br /> Subtotal Land Costs 2,433,000 2,433,000
<br /> Construction 6,750,000 6,750,000
<br /> Finish Manufacturing 250,000 250,000
<br /> Subtotal Construction Costs 7,000,000 7,000,000
<br /> Soft Costs 41= :350000 350,000
<br /> Taxes elfx X35,000 35,000
<br /> Finance Fees - 50 000 850,000
<br /> Project Manager ; 542,000 542,000
<br /> Developer Fee 540,000 540,000
<br /> Contingency 250,000 250,000
<br /> Subtotal Soft Costs 2,567,000 2,567,000
<br /> TOTAL USES 12,000,000 12,000,000
<br /> Income Statement Income Statement
<br /> Sq.Ft. Per Sq.Ft. Sq. Ft. Per Sq.Ft.
<br /> Rent-Space 1 100,000 $5.00 500,000 100,000 $8.00 800,000
<br /> Rent-Space 2 50,000 $4.50 225,000 25,000 $8.50 212,500
<br /> Rent-Space 3 50,000 $4.00 200,000 25,000 $9.00 225,000
<br /> Other 0 $0.00 0 0 $0.00 0
<br /> 925,000 925,000
<br /> Mortgage 20 Year Term 792,446 20 Year Term 734,664
<br /> 5.50%Interest 5.50%Interest
<br /> 9,600,000 Principal 8,900,000 Principal
<br /> Net Income 132,554 190,336
<br /> Total Return on Equity 5.52% 7.93%
<br /> City of Mounds View Public Financing Policy&Application
<br /> Adopted February,2016(Expected)
<br /> Page 17 of 21
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