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FY 17 <br />Cleanup - 14 <br />2 BD (15 units): $3,250/month <br />MC Studio (13 units): $4,200/month <br />MC 1 BD (3 units): $4,350/month <br />Building C: Affordable and Marketing-Rate Housing <br />Studio (79 units): $1,260/month <br />1 BD (98 units): $1,341/month <br />2 BD (36 units): $1,680/month <br />3 BD (12 units): $2,170/month <br />Number of affordable units 79 <br />Level of affordability 79 studios in Building C will be $1,260 per month at 80% AMI <br /> Construction cost per unit $238,961 on average ($98,929,990 / 414 units) OR <br />Building A: $268,892 ($16,402,387 / 61 units) <br />Building B: $245,946 ($31,481,082 / 128 units) <br />Building C: $226,873 ($51,046,521 / 225 units) <br /> <br />OWNER OCCUPIED: <br />Total number of units 0 <br />Purchase price per unit NA <br />Number of affordable units/homes 0 <br />Level of affordability NA <br />Construction cost per unit NA <br /> <br />40. Are you applying for HUD financing? ☐ Yes ☒ No If yes, have you received an <br />“Invitation to Apply” from HUD (attach a copy, if so). If not, where are you in the HUD <br />financing process? NA. <br /> <br />PROPERTY TAXES <br /> <br />41. What are the property taxes on the site for the current year (prior to cleanup)? $132,636.96 <br /> <br />42. What is the projected property tax on the site after redevelopment? $1,837,146 <br /> <br />A. How were the figures in Questions 41 and 42 determined? Current property taxes were <br />included in Hennepin County property records. Projected property taxes are estimated from <br />Robert Strachota, President and Certified General Appraiser, Shenehon Company. <br />B. Who determined them? Robert Strachota, President, Shenehon Company <br />66