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Jan lo i.i :a.p conn Seibert 16121421-0549 p.z <br /> Mermaid Complex Development Project Costs <br /> Co Developed by Halls, LLC & JCS Development, Inc. <br /> eand ct$ <br /> $350,000.00 <br /> Purchase of B.E.G.Property $350,000.00 <br /> Purchase of Music Off 10 Property - $150,000.00 <br /> Purchase of Easement&Pond-Cabot 100,000 ft $8.00/ ft $100,_000.00 <br /> Purchase of Property From Mound Vista sq s9 $1,600,000.00 <br /> Total Land Costs <br /> Land Improvement Costs <br /> $100;000.00 <br /> Parking Lot development 100,000.00 <br /> Parking Lot Landscape&Curbing $75,000.00 <br /> Parking Lot Intergration Costs $$50000.00 <br /> Demolition and removal $425,000.00$100 <br /> Holding Pond Construction 100.000.00 <br /> Total Land Improvement Costs <br /> Construction Costs <br /> $5,075,000.00 <br /> Building costs-Hotel $526,000.00 <br /> FF&E costs for Hotel $$525,000.00 <br /> Building costs-Banquet Center $200,000.00 <br /> FF&E costs for Banquet Center $250,000.00 <br /> 0 Building lntergration Costs $200,000.00 <br /> Glass Foyer between Buildings 00.000.00 <br /> Mansord for the Mermaid $$1$100.000.00 <br /> Total Construction Costs <br /> Development&Soft Costs <br /> , <br /> Financing&Soft Costs for Hotel $200 400.00 <br /> $200,000.00 <br /> Development Costs-Hotel <br /> Contingency&Working Capital-Hotel $175,000.0075,000.00 <br /> Financing&Soft Costs for Banquet Center $55,000.00 <br /> Development Costs-Banquet Center $50,000.00 <br /> Contingency&Wo-king Capital Banquet <br /> _ -- --- --- -$755;00000 -- -- <br /> Total Development&Soft Costs <br /> Total Project Development Costs $10,270,000.00 <br /> Financing Requirements <br /> Equity Requirements ? <br /> Cash <br /> ,500.00 <br /> TIF Proceeds $1,700.000.00 <br /> Total Equity $2,567,500.00 <br /> Debt Financing $7,702,500.00 <br /> 4110 Total Project Development Costs $10,270,000.00 <br />