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Private Tenant Moving Expenses - Actual cost to relocate private Senator block tenants (cost <br />shared 68.71% / 31.29%). <br />CAPITALIZED INTEREST ACCOiJNT - Interest only bond payments made during <br />construction and move-in phases. Payments assume a 4.99% interest rate, equal project draws <br />and rent generation date of no later than 12/1/2000. <br />INTEREST EARNED ON CONSTRUCTION FtJND - Estimated amount earned on the project <br />fund during the construction term. Assumes a 4.50% Interest rate, equal project draws and a <br />liquidated project fund by 8/1/00. <br />FINANCING COSTS-Includes the cost of issuance, underwriter's fee and bond insurance <br />associated with the bond financing. <br />PROJECT CONTINGENCY-The project contingency is intended to fund unidentified, <br />unfunded, or unexpected hard or soft costs during the constn~ction phase. <br />REMEDIATION CONTINGENCY-The Remediation contingency is intended to fund the <br />identification, removal and disposal of contaminated soils or ground water, which may be <br />identified during the course of construction. <br />DEBT REDUCTION FLJND-The debt reduction fund is intended to buy back bonds at the end of <br />the construction phase to reduce project debt service. <br />