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HUGO COMMONS PROFORMA <br /> EFFECTS ON RENTS OF NO TIF <br /> ................................................................................................................................................................ ...................................................................................................................................................................., <br /> WITHOUT TIF WITH TIF <br /> ............................................................................................................................................................... ................................................. <br /> € SQ FT RENT/SQ FT SQ FT RENT/SQ FT <br /> €..................................................:......................... ...................................._......................................€...... ................................................. ................................._.................................:............................................ <br /> RETAIL 23,000 € $20.10 $462,300 i RETAIL 23,000 € $16.80 : $386,400 <br /> ..................................................i..........................i....................................u......................................i......b.................................................o.................................' ' <br /> TIF $0 € TIF $59,143 <br /> ........................................................................... .................................... .............................................:.................................................i................................._................................................................................ <br /> € TOTAL $462,300 € € TOTAL $445,543 € <br /> E VACANCY 10% $46,230 : VACANCY 10% $38,640 <br /> i.................................................E..........................>....................................i.......................................i......o...................................................................................i..................................i............................................: <br /> € EFFECTIVE RENT $416,070 : € EFFECTIVE RENT $406,903 € <br /> i..................................................i........................._.................................... ......................................i......_..................................................................................._.................................?............................................. <br /> € RE TAX ON VACANCY $3.88 sq.ft. € $8,924 € € RE TAX ON VACANCY $3.88 sq.ft. i $8,924 <br /> ............................................................................h....................................C.......................................E......w...................................................................................h.................................f............................................i <br /> CAM ON VACANCY $3.95 : $9,085 CAM ON VACANCY `: $3.95 : $9,085 <br /> ..................................................i......................................................................................................i......a.................................................i.................................. <br /> ............................................................................... <br /> < <br /> ..................................................€..........................>................................................................................. .................................................?.................................i................................................................................. <br /> NOI $398,061 NOI $388,894 <br /> €............................................................................i....................................c.......................................i......a................................................. .................................6...............................................................................c <br /> DEBT $326,252 € € DEBT $326,252 <br /> ..................................................:.........................;.................................... ......................................;......;.................................................;................................. ............................................................................. <br /> € CASH FLOW $72,809 : CASH FLOW $62,642 <br /> ............................................................................i....................................i.......................................i......o.................................................a.................................i..................................i............................................ <br /> . <br /> EQUITY $853,490 : •. EQUITY $853,490 <br /> ..................................................€.........................€....................................`......................................i......a.................................................d................................. .................................€.............................................. <br /> RETURN 8.53% i RETURN **7.34% E <br /> E..................................................E..........................E....................................9...............................................:..................................................i.................................................................................................................. <br /> E <br /> .............................................................................................................................................................. <br /> BLDG VAUSQ FT TOT VAL <br /> 23,000 $160.87 $3,700,000 <br /> € COST: $183.85 $4,353,490 WITHOUT DE- <br /> VELOPER FEE <br /> E DEBT AS PERCENT OF COST 80% <br /> • DEBT $3,500,000 <br /> EQUITY $853,490 <br /> RETURN ON EQUITY GOAL 10% $85,349 <br /> E DEBT PMT 7% 20 YR $326,252 <br /> ** Need to get to a 10%annual return <br />