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FINANCING WORKSHEET
<br />03-Mar-99
<br />Property Acquisition $ 997,361
<br />Demolition and Remediation $ 1,768,382
<br />Contractor Bid - Subtotal $ 18,459,484
<br />Tenant Improvements $ 508,344
<br />Furniture and Equipment $ 336,000
<br />Fees and Insurance $ 548,241
<br />Indirect Costs $ 5,340,282
<br />Total Direct and Indirect Costs
<br />$ 27,958,094
<br />County Project Contingency $ 1,869,419
<br />County Remediation Contingency $ 500,000
<br />County Debt Reduction Contingency $ 1,500,000
<br />SAMT Contingency (From Transit Grant) $ 372,930
<br />Total Estimated Costs (before financing) $ 32,200,443
<br />Adjustments to Net Requirements
<br />Transit Grant - Project Costs $ (7,511,927)
<br />Transit Grant - Land Acquisition $ (1,683,922)
<br />Transit Grant - Contingency $ (372,930)
<br />Transit Grant Total • $ (9,568,779)
<br />City Streetscape Funding $ (1,200,000)
<br />County Administrative Overhead (140 Fund) $ (120,000)
<br />Chevron Reimbursement $ (90,000)
<br />Liu Settlement $ (24,963)
<br />Management Services Fund $ (19,400)
<br />Community Development Block Grant Fund $ (111,747)
<br />Solid Waste Management Loan $ (1,000,000)
<br />Interest on Solid Waste Management Loan $ (30,000)
<br />Solid Waste Interiors Reimbursement $ (45,000)
<br />Property Sale / Bekins Refund $ (4,255)
<br />$ (12,214,144)
<br />Net Requirement $ 19,986,299
<br />Deposit to Project Fund $ 19,986,299
<br />Interest Earned on Project Fund (@4.5%) $ (785,162)
<br />Subtotal $ 19,201,137
<br />Deposit To Capitalized Interest Account $ 1,660,488
<br />Cost of Issuance $ 350,098
<br />Insurance $ 134,000
<br />Original Issue Discount $ 74,933
<br />Total Uses $ 21,420,656
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