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HomeMy Public PortalAbout01-07-PartA_Rev05-29-13 State of California Department of Housing and Community Development Division of Financial Assistance 2020 W. El Camino Avenue Sacramento, CA 95833-1829 Telephone: (916) 324-1555 Facsimile: (916) 324-1461 Website: http://www.hcd.ca.gov/fa/iig/ Email: infill@hcd.ca.gov DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT Laura Whittall-Scherfee, Deputy Director INFILL INFRASTRUCTURE GRANT PROGRAM Eugene Lee, Chief Program Managers Janet Haynes Craig Morrow Sacramento, CA 95833-1829 Telephone: (916) 324-1555 Facsimile: (916) 324-1461 Website: http://www.hcd.ca.gov/fa/iig/ Email: infill@hcd.ca.gov 2020 W. El Camino Avenue DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT INFILL INFRASTRUCTURE GRANT PROGRAM QUALIFYING INFILL PROJECT GRANT APPLICATION PART A FY 2013 – 2014 NOFA Revised May 29, 2013 Please read instructions fully before completing the application. State of California Department of Housing and Community Development Division of Financial Assistance County:Nevada Zip Code: Yes State:CA Zip Code: Title:Mr.Name:M mi State:CA Zip Code: Ext:Fax: No Title:Mr.Name:N mi State:CA Zip Code: Ext:Fax: rick@hollidaydevelopment.comE-mail: firstlast 3.b. Applicant Authorized Representative Information (Per Resolution) 1201 Pine St, #151Address: City:Oakland RichardHolliday Job Title: Address: President 1201 Pine Street #151 City: firstlast Job Title:Project Manager Same as Authorized Representative?If no, please provide contact information GregPasquali 94607 Telephone: E-mail: 10121 Church Street 94607 Are you applying as a “Rural Area” per the Program Guidelines? City: Applicant Self Score 250.00 Applicant: 3.a. Applicant Information (Entity) Address: Oakland Project Type: Geographic Region:Northern (QIP) Qualifying Infill Project City: INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION Truckee Development Associates, LLC 1201 Pine St, #151 0120.01 If address is not established, enter detailed description (i.e. SE corner of 9th Street and Oak) 1. Location and Information for QIP Site Census Tract: 2. Applicant Self Score and Grant Request Amount 19-420-71 Truckee96161 Project Name: Site Address: Assessor's Parcel Number(s): Truckee Railyard Phase I Housing greg@hollidaydevelopment.com 5105885134 5105472125 5105472125 E-mail: 3.c. Applicant Contact Information (To field general questions, if other than 3.b.) Oakland 5105885133 rick@hollidaydevelopment.com Telephone: Requested Program Grant Amount:$ 4,000,000.00 94607 Entity Type:For Profit Developer Grant_Application-PartA_Rev05-29-13Applicant Project Info - Page 3 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION State:Zip Code: Title:Name: mi State:Zip Code: Ext:Fax: Title:Name: mi State:Zip Code: Ext:Fax: District 4 1 1 District District 4.c. Joint Applicant Contact Information (To field general questions, if other than 3.b.) 4.b. Joint Applicant Authorized Representative Information (Per Resolution) Job Title: last E-mail: first City: 4.a. Joint Applicant Information (Entity) first Address: E-mail: City: Telephone: Joint Applicant: Address: Entity Type: Assembly Member Brian Dahle Senator Ted Gaines 5. Legislative Information for Project Location Federal Congressional District: State Assembly District: State Senate District: Legislator Name If QIP is in multiple districts, use the following: Federal Congressional District: Legislator Name Congressman Tom McClintock State Assembly District: State Senate District: State Assembly District: State Senate District: Legislator Name Federal Congressional District: E-mail: last Job Title: Address: Same as 4b?If no, please provide contact information Telephone: City: Grant_Application-PartA_Rev05-29-13Applicant Project Info - Page 4 A.Provide following information for the QIP: Land Area0.918acres Housing Description: Residential Rental:60500sq. ft.Housing Units:81 Homeownership:0sq. ft.Project Type:New Construction Commercial8500sq. ft.Project Design:Mid rise apartments Other Uses12000sq. ft.# Residential Bldgs:1 Proposed Net Density:88.21Units Per Acre# Stories:3 B. C. D. E. INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION The QIP will be a mixed income housing project located in the walkable historic downtown Truckee. The project includes a mix of studio, 1-, 2-, and 3- bedroom units affordable to residents earning 30-60% AMI, with 20 market rate units and a manager's unit. The project will include 8500 square feet of retail along Donner Pass Road Extension, the new extended block of the Town's vibrant commercial main street, Donner Pass Road. The project is the first phase of housing as part of the Truckee Railyard Master Plan Development. The plan aims to create a walkable downtown that expands on the already thriving downtown Truckee by creating a place where full-time residents of the Tahoe region can live and work in a healthy downtown. Currently, much of the regional workforce commutes long distances from Reno because a large proportion of the housing stock is large luxury second homes in the woods that are not affordable to the area workforce. The QIP will provide a very viable and highly desired alternative of smaller units in a good infill location that meets the needs and incomes of the area workforce. Summarize the scope of work for the proposed infrastructure (the IIG Capital Improvement Project): Describe any on-site services being provided for the QIP: None at this time. The CIP will improve or construct streets on all sides of the new block (where the QIP will be located). This is the first block of the Truckee Railyard downtown extension. Truckee Development Associates LLC will build additional streets beyond the block funded by this grant. 6. Project Narrative Describe the Qualifying Infill Project (QIP): Donner Pass Road is the main street of charming historic downtown Truckee, the gateway to the Tahoe region ski and vacation industry. In the eastern half of downtown it is an uncontrolled high speed curve toward Interstate-80, and has no sidewalk, curb or gutter, and unimproved intersections with adjacent streets. The project EIR and Town General Plan require that before QIP development can occur, Donner Pass Road needs to be realigned and improved to a T-intersection with sidewalk, curb, and gutter, and include water, sewer, CATV, and other key infrastructure neccessary to support development of the QIP. From the T-intersection, Donner Pass Road Extension will extend toward a connection with Glenshire drive and provide the first leg of a long-planned connection between the town's main residential neighborhood and downtown. Explain any additional infrastructure work not being funded by IIG: Grant_Application-PartA_Rev05-29-13Project Narrative - Page 1 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION 6. Project Narrative F. G. H. I. J. Explain any required demolition: None. Single phase. List any rental or homeownership subsidies and amounts for the qualifying QIP: If construction of the QIP. is multi-phased, describe the proposed phased build out and number of housing units in each phase: Explain any specific development issues (relocation, environmental, historical, topography, etc.): None. Rick Holliday, the manager of Truckee Development Associates, began his carrer by founding two of the most successful nonprofit housing companies in the country: Eden Housing and BRIDGE Housing. He is an expert at bringing public and private entities together and working through challenges that have previously never been overcome. Holliday Development, the managing partner of Truckee Development Associates, LLC, is a private development company managed by Mr. Holliday. Holliday Development has 25 years of experience in innovative infill housing, focusing on buiding strong, sustainable communities that enrich the greater community. Notable mixed income public private partnership projects similar to the QIP and Truckee Railyard that Holliday Development has completed include the Emeryville Warehouse, Arkansas Park in San Francisco, Iron Horse lofts/Coggins Square in Pleasant Hill, and Central Station in West Oakland. For more information, see www.Hollidaydevelopment.com Explain your experience with affordable housing and list up to ten projects previously developed: Existing paving of surface parking lots and a small vacant former glass shop owned by the applicant and railroad siding tracks currently in the proposed Donner Pass Road ROW alignment will be demolished to allow the CIP and QIP to be constructed. Rail siding tracks currently on the site will be relocated further east in the rail ROW. Grant_Application-PartA_Rev05-29-13Project Narrative - Page 2 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION 6. Project Narrative K. No. Has the QIP previously received a Notice of Grant Award from the IIG program or any other HCD program? If yes, describe the funding sources, date of award(s), brief status of project, and how much was awarded? Is it anticipated application will be made for other HCD funds for project? Grant_Application-PartA_Rev05-29-13Project Narrative - Page 3 a. Yes b. Yes OR c. Yes d. Yes e. Yes OR OR OR f. OR Yes OR 3. At least 50% of the perimeter adjoining parcels developed with urban uses AND at least 50% of the area within the QIP was previously developed. The QIP includes not less than 15 percent of the total residential units to be developed in the QIP. The QIP is located in an area designated for mixed-use or residential development consistent with one of the following plans: 2. Area redevelopment plan per Health and Safety Code section 33330. 3. Regional blueprint plan as defined per California Regional Blueprint Planning Program. 4. Regional plan per Government Code Section 65060.7. (Label and attach a copy of the relevant plan to the QIP as Exhibit C-A-3.) 1. At least 75% of the area within the QIP was previously improved. 2. At least 75% of the perimeter of the QIP adjoining parcels are developed with urban uses. (Label and attach a site plan showing compliance with f.1, f.2 or f.3 as Exhibit C-A-4.) 0 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION 7. Application Eligibility Threshold Requirements 1. Defined by the U.S Census Bureau. 1. Adopted general plan per Government Code Section 65300. 2. In an unincorporated area within an urban service area that is designated in the local general plan or community plan for urban development and served by sewer and water. To certify the QIP is eligible for program review, applicant must check a box "Yes" certifying the validity of each statement a through k and provide exhibits as requested. The Capital Improvement Project is integral and necessary for the development of the QIP. (Label and attach applicant narrative and documentation evidencing the locality requires the Capital Improvement Project as Exhibit C-A-1.) The QIP is in an Urbanized Area: (Provide documentation QIP is located in an urban area as Exhibit C-A-2.) Show the calculation on the QIP Grant Limit, Affordability and Density Worksheet. The QIP is located in a locality that has an adopted housing element in substantial compliance with Article 10.6 of Chapter 3 of Division 1 of Title 7 section 65580, pursuant to Section 65585 of the Government Code. Grant_Application-PartA_Rev05-29-13Threshold - Page 4 0 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION g. Yes OR h.Yes OR AND Yes OR i. Yes j. Yes1. Fee title; (Provide an explanation of circumstances that created the gap in funding requested as Exhibit C-A-7. This must be detailed in the CIP and the QIP budget attachments requested.) 2. Construction has begun on the Capital Improvement Project. (Provide an explanation of any work completed to date as Exhibit C-A-6.) 4. Construction has begun on units designated in the application prior to the deadline for applications in the NOFA. (Provide an explanation of any work completed to date as Exhibit C-A-6.) 3. Construction has not commenced on any units designated in the application prior to the deadline for applications in the NOFA Applicant or developer has site control of the property encompassing the Capital Improvement Project by one of the instruments listed below that will ensure timely commencement of the Capital Improvement Project: 2. A leasehold interest on the property with provisions that enable the lessee to make improvements on and encumber the property provided that the terms and conditions of any proposed lease shall permit, prior to grant funding, compliance with all Program requirements; 3. An enforceable option to purchase or lease which shall extend through the anticipated date of the Program award as specified in the Notice of Funding Availability; 4. An executed disposition and development agreement, right of way, or irrevocable offer of dedication to a public agency; 6. An executed agreement with a public agency that gives the Applicant exclusive rights to negotiate with that agency for the acquisition of the site; provided that the major terms of the acquisition have been agreed to by both parties; 5. An executed encroachment permit for construction of improvements or facilities within the public right of way or on public land; Other available funds are not being supplanted by Infill Infrastructure Grant Program funds and the Capital Improvement Project is infeasible without Infill Infrastructure Grant Program funds. 1. The QIP is not located in an officially recognized redevelopment area. 2. The QIP meets the replacement housing requirements of Subdivision (a) of Section 33413 of the Health and Safety Code. (Label and attach a copy of redevelopment plan and replacement criteria relevant to QIP as Exhibit C-A-5.) 1. Construction of the Capital Improvement Project directly related to the QIP has not commenced. Grant_Application-PartA_Rev05-29-13Threshold - Page 5 0 INFILL INFRASTRUCTURE GRANT PROGRAM APPLICATION k. Yes 8. Other forms of site control that give the department equivalent assurance that the applicant or developer will be able to complete the Project and all housing designated in the application in a timely manner and in accordance with all the requirements of the Program. 7. A land sales contract or other enforceable agreement for acquisition of the property; (Label and attach documentation demonstrating site control and a copy of the preliminary title report as Exhibit C-A-8.) The QIP must be a discrete development with common, affiliated, or contractually related ownership and financing structures. (Provide ownership and financing agreements and / or affiliations as Exhibit C-A-9.) Grant_Application-PartA_Rev05-29-13Threshold - Page 6 QU A N T I T Y U N I T T Y P E U N I T P R I C E TO T A L AM O U N T In f i l l Pr o g r a m Tr u c k e e Tr a f f i c Im pac t F e e s TD A E q u i t y N a m e N a m e N a m e N a m e N a m e 0 0 00 0 0 0 0 0 0 0 sq f t 0.10 0 0 0 1 l u m p s u m 17 9 , 8 7 5 . 0 0 1 7 9 , 8 7 5 1 7 9 , 5 0 0 0 3 7 5 3, 5 0 0 c u y a r d 25 . 0 0 8 7 , 5 0 0 8 7 , 5 0 0 0 6, 5 6 6 c u y a r d 12 . 5 0 8 2 , 0 7 3 8 2 , 0 7 3 0 1 l u m p s u m 19 2 , 7 5 0 . 0 0 1 9 2 , 7 5 0 1 9 2 , 7 5 0 0 0 0 0 00 0 1 l u m p s u m 55 , 0 0 0 . 0 0 5 5 , 0 0 0 5 5 , 0 0 0 0 Ot h e r : T e m p T r a f f i c C o n t r o l 25 d a y s 2, 0 0 0 . 0 0 5 0 , 0 0 0 5 0 , 0 0 0 0 1 l u m p s u m 50 0 , 0 0 0 . 0 0 5 0 0 , 0 0 0 5 0 0 , 0 0 0 0 1, 1 4 7 , 1 9 8 1 , 1 4 6 , 8 2 3 0 3 7 50 0 0 0 0 1 l u m p s u m 85 , 2 5 0 . 0 0 8 5 , 2 5 0 5 5 , 4 1 3 2 9 , 8 3 8 1 l u m p s u m 23 5 , 9 5 0 . 0 0 2 3 5 , 9 5 0 1 5 3 , 3 6 8 8 2 , 5 8 3 5 h y d r a n t e a c h 28 , 5 0 0 . 0 0 1 4 2 , 5 0 0 9 2 , 6 2 5 4 9 , 8 7 5 1 l u m p s u m 80 , 0 0 0 . 0 0 8 0 , 0 0 0 5 2 , 0 0 0 2 8 , 0 0 0 40 0 l i n e a l f t 75 . 0 0 3 0 , 0 0 0 1 9 , 5 0 0 1 0 , 5 0 0 1 l u m p s u m 72 9 , 4 0 0 . 0 0 7 2 9 , 4 0 0 4 7 4 , 1 1 0 2 5 5 , 2 9 0 1. 0 0 l u m p s u m 16 1 , 7 5 0 . 0 0 1 6 1 , 7 5 0 1 0 5 , 1 3 8 5 6 , 6 1 3 1, 4 6 4 , 8 5 0 9 5 2 , 1 5 3 5 1 2 , 6 9 80 0 0 0 0 0 00 0 98 , 4 4 5 s q f t 4. 9 5 4 8 7 , 3 0 3 0 4 8 7 , 3 0 3 1, 6 0 0 l i n e a l f o o t 19 5 . 0 0 3 1 2 , 0 0 0 3 1 2 , 0 0 0 0 20 e a c h 5, 5 0 0 . 0 0 1 1 0 , 0 0 0 1 1 0 , 0 0 0 0 1 l u m p s u m 35 , 0 0 0 . 0 0 3 5 , 0 0 0 3 5 , 0 0 0 0 00 0 As p h a l t P a v e m e n t Ag g r e g a t e B a s e Tr a f f i c M i t i g a t i o n TO T A L I N F R A S T R U C T U R E D E V E L O P M E N T B U D G E T QI P D E V E L O P M E N T N A M E : ES T I M A T E D C A P I T A L I M P R O VE M E N T P R O J E C T C O S T S B R E A KD O W N O F D E V E L O P M E N T CO S T S B Y F U N D I N G S O U R C E Tr u c k e e R a i l y a r d P h a s e I H o u s i n g Po t a b l e W a t e r St o r m D r a i n To t a l S i t e U t i l i t i e s C o s t s St r e e t L i g h t s Cu r b , G u t t e r , S i d e w a l k Er o s i o n / W e e d C o n t r o l So i l S t a b i l i z a t i o n ( L i m e , e t c . ) Jo i n t T r e n c h : E l e c t r i c a l , C A T V , T e l UT I L I T I E S Su b m i t c o n t r a c t s , b i d s , e n g i n e e r ' s e s t i m a t e s o r a n y o t h e r b a c k - u p e v i d e n c i n g a c c u r a c y o f e l i g i b l e C I P co s t s FU N D I N G S O U R C E S To t a l S i t e A c q u i s i t i o n C o s t s ( N o t r e l a t e d to P a r k i n g ) De m o l i t i o n CO S T C A T E G O R Y SI T E A C Q U I S I T I O N ( N o t r e l a t e d t o Pa r k i n g ) Cl e a r i n g a n d G r u b b i n g Ex c a v a t i o n / F i l l Ot h e r : M o b i l i z a t i o n Ot h e r : R a i l F a c i l i t i e s R e l o c a t i o n Gr a d i n g ( e x c l u d i n g g r a d i n g f o r h o u s i n g a n d mi x e d u s e s t r u c t u r a l i m p r o v e m e n t s ) To t a l S i t e P r e p a r a t i o n C o s t s No n - P o t a b l e W a t e r Ot h e r : SI T E P R E P A R A T I O N DE V E L O P M E N T C O S T S Si t e a c q u i s i t i o n o f t h e C a p i t a l I m p r o v e m e n t Pr o j e c t , i n c l u d i n g e a s e m e n t s a n d r i g h t o f wa y s De w a t e r i n g De t e n t i o n B a s i n / C u l v e r t s SU R F A C E I M P R O V E M E N T S Sa n i t a r y S e w e r St r i p i n g / S i g n a g e / B a r r i c a d e s Ot h e r : g a s QU A N T I T Y U N I T T Y P E U N I T P R I C E TO T A L AM O U N T In f i l l Pr o g r a m Tr u c k e e Tr a f f i c Im pac t F e e s TD A E q u i t y N a m e N a m e N a m e N a m e N a m e FU N D I N G S O U R C E S CO S T C A T E G O R Y DE V E L O P M E N T C O S T S 00 0 94 4 , 3 0 3 4 5 7 , 0 0 0 4 8 7 , 3 0 30 0 0 0 0 0 00 0 22 5 l i n e a l f t 22 5 . 0 0 5 0 , 6 2 5 5 0 , 6 2 5 0 25 , 0 0 0 s q f t 7. 0 0 1 7 5 , 0 0 0 1 7 5 , 0 0 0 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 23 , 0 0 0 s q f t 5. 5 0 1 2 6 , 5 0 0 1 2 6 , 5 0 0 0 35 2 , 1 2 5 3 5 2 , 1 2 50 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 #D I V / 0 ! 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Ot h e r : SO F T C O S T S R E L A T E D T O E L I G I B L E CO S T S De s i g n Ov e r h e a d Ot h e r : To t a l S o f t C o s t s OT H E R C A P I T A L A S S E T C O S T S En g i n e e r i n g Ot h e r : Co n t r a c t o r F e e To t a l I m p a c t F e e s Ot h e r : Ot h e r : P l a n c h e c k a n d i n s p e c t i o n f e e s Im p a c t f e e s a r e e l i g i b l e f o r f u n d i n g i f u s e d f o r id e n t i f i e d C a p i t a l A s s e t s e l i g i b l e f o r f u n d i n g an d r e q u i r e d b y l o c a l o r d i n a n c e . IM P A C T F E E S Bu s S h e l t e r s Tr a n s i t S h e l t e r s Bi c y c l e F a c i l i t i e s To t a l T r a n s i t C o s t s Pa t h w a y s Pe d e s t r i a n F a c il i t i e s Ac c e s s P l a z a s TR A N S I T Co s t P e r P a r k i n g S p a c e ( N o t t o e x c e e d $4 0 , 0 0 0 p e r e l i g i b l e s p a c e ) En t e r t h e N u m b e r o f E l i g i b l e P a r k i n g S p a c e s (N o t t o e x c e e d o n e p a r k i n g s p a c e p e r re s i d e n t i a l u n i t ) Tr a n s i t F a c i l i t i e s : Re s i d e n t i a l Re n t a l Co m p o n e n t Co s t s Ho m e Ow n e r s h i p Co m p o n e n t Co s t s Co m m e r c i a l Co m p o n e n t Co s t s To t a l De v e l o p m e n t Co s t s In f i l l P r o g r a m Ta x C r e d i t Eq u i t y Pe r m C h a s e Ba n k TD A D e v e l o p e r Eq u i t y C a s h o r La n d De f e r r e d C i t y Im p a c t F e e s RD A L o a n De f e r r e d De v e l o p e r Fe e s SOURCES TOTAL AC Q U I S I T I O N 13 5 8 4 0 0 1 4 1 6 0 0 1 5 0 0 0 0 0 1 5 0 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 13 5 8 4 0 0 0 1 4 1 6 0 0 1 5 0 0 0 0 0 0 0 0 1 5 0 0 0 0 00 0 0 1 5 0 0000 0 0 0 0 13 5 8 4 0 0 0 1 4 1 6 0 0 1 5 0 0 0 0 00 0 0 15 0 0 0 0 00 0 0 1 5 0 0000 RE H A B I L I T A T I O N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 RE L O C A T I O N 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 NE W C O N S T R U C T I O N 0 0 0 0 0 00 0 0 15 9 3 8 5 6 1 6 6 1 4 4 1 7 6 0 0 0 0 5 0 0 0 0 0 1 0 9 3 5 0 4 1 6 6 4 9 6 1760000 76 0 7 0 4 0 7 9 2 9 6 0 8 4 0 0 0 0 0 2 9 3 4 1 1 9 4 4 6 5 8 8 1 1 0 0 0 0 0 0 8 4 0 0 0 0 0 55 2 0 5 4 5 7 5 4 6 6 0 9 6 0 0 5 5 2 0 5 4 5 7 5 4 6 609600 18 4 0 1 8 1 9 1 8 2 2 0 3 2 0 0 1 8 4 0 1 8 1 9 1 8 2 203200 55 2 0 5 4 5 7 5 4 6 6 0 9 6 0 0 5 5 2 0 5 4 5 7 5 4 6 609600 31 6 9 6 3 3 0 4 3 5 0 0 0 3 1 6 9 6 3 3 0 4 35000 81 5 0 4 8 4 9 6 9 0 0 0 0 8 1 5 0 4 8 4 9 6 90000 10 6 0 2 2 2 2 0 1 1 0 5 1 7 8 1 1 7 0 7 4 0 0 5 0 0 0 0 0 5 4 2 8 9 4 9 4 7 7 8 4 5 1 0 0 1 0 0 0 0 0 0 0 1 1 7 0 7 4 0 0 AR C H I T E C T U R A L 22 6 4 0 0 2 3 6 0 0 2 5 0 0 0 0 2 2 6 4 0 0 2 3 6 0 0 250000 0 0 22 6 4 0 0 0 2 3 6 0 0 2 5 0 0 0 0 0 2 2 6 4 0 0 2 3 6 0 00 0 0 0 2 5 0000 SU R V E Y & E N G I N E E R I N G 43 2 8 0 0 4 2 2 0 0 4 7 5 0 0 0 4 3 2 8 0 0 4 2 2 0 0 475000 20 0 0 0 5 0 0 0 2 5 0 0 0 2 0 0 0 0 5 0 0 0 25000 45 2 8 0 0 0 4 7 2 0 0 5 0 0 0 0 0 0 4 5 2 8 0 0 4 7 2 0 00 0 0 0 5 0 0000 CO N T I N G E N C Y C O S T S 52 4 4 4 4 5 4 6 7 6 5 7 9 1 2 0 5 2 4 4 4 4 5 4 6 7 6 579120 45 2 8 0 4 7 2 0 5 0 0 0 0 4 5 2 8 0 4 7 2 0 50000 56 9 7 2 4 0 5 9 3 9 6 6 2 9 1 2 0 0 5 6 9 7 2 4 5 9 3 9 60 0 0 0 6 2 9120 CO N S T R U C T I O N P E R I O D E X P E N S E S 24 9 0 4 0 2 5 9 6 0 2 7 5 0 0 0 2 4 9 0 4 0 2 5 9 6 0 275000 81 5 0 4 8 4 9 6 9 0 0 0 0 8 1 5 0 4 8 4 9 6 90000 22 6 4 0 2 3 6 0 2 5 0 0 0 2 2 6 4 0 2 3 6 0 25000 00 0 0 00 0 0 13 5 8 4 1 4 1 6 1 5 0 0 0 1 3 5 8 4 1 4 1 6 15000 00 0 0 86 0 3 2 8 9 6 8 9 5 0 0 0 8 6 0 3 2 8 9 6 8 95000 31 6 9 6 3 3 0 4 3 5 0 0 0 3 1 6 9 6 3 3 0 4 35000 0 0 0 0 0 0 0 0 48 4 4 9 6 0 5 0 5 0 4 5 3 5 0 0 0 0 4 8 4 4 9 6 5 0 5 0 40 0 0 0 5 3 5000 Ha r d C o s t C o n t i n g e n c y To t a l C o n t i n g e n c y C o s t s Or i g i n a t i o n F e e So f t C o s t C o n t i n g e n c y Le n d e r I n s p e c t i o n F e e s Ot h e r : (s p e c i f y ) Cr e d i t E n h a n c e m e n t & A p p . F e e Pr e d e v e l o p m e n t I n t e r e s t E x p . Ow n e r P a i d B o n d s / I n s u r a n c e Co n s t r u c t i o n L o a n I n t e r e s t Ta x e s D u r i n g C o n s t r u c t i o n Pr e v a i l i n g W a g e M o n i t o r In s u r a n c e D u r i n g C o n s t r u c t i o n Co n s t r u c t i o n M g m t . & T e s t i n g To t a l S u r v e y & E n g i n e e r i n g Ge n e r a l L i a b il i t y I n s u r a n c e Ot h e r : Bu i l d e r s R i s k I n s u r a n c e Su p e r v i s i o n De s i g n To t a l N e w C o n s t r u c t i o n To t a l A r c h i t e c t u r a l C o s t s En g i n e e r i n g Ge n e r a l R e q u i r e m e n t s AL T A L a n d S u r v e y Co n t r a c t o r O v e r h e a d Co n t r a c t o r P r o f i t T O T A L D E V E L O P M E N T B U D G E T Comments Su b t o t a l Ot h e r : (s p e c i f y ) Ex i s t i n g I m p r o v e m e n t s C o s t Le s s e r o f L a n d C o s t o r V a l u e De m o l i t i o n Le g a l & C l o s i n g C o s t s Ve r i f i a b l e C a r r y i n g C o s t s So u r c e s a n d U s e s To t a l A c q u i s i t i o n Of f - S i t e I m p r o v e m e n t s En v i r o n m e n t a l R e m e d i a t i o n En v i r o n m e n t a l R e m e d i a t i o n Si t e W o r k ( h a r d c o s t s ) To t a l R e l o c a t i o n Co n t r a c t o r P r o f i t Ge n e r a l L i a b il i t y I n s u r a n c e Co n t r a c t o r O v e r h e a d Ge n e r a l R e q u i r e m e n t s St r u c t u r e s Si t e W o r k Ot h e r : Bu i l d e r s R i s k I n s u r a n c e Te m p o r a r y R e l o c a t i o n To t a l R e h a b i l i t a t i o n C o s t s Pe r m a n e n t R e l o c a t i o n St r u c t u r e s ( h a r d c o s t s ) Of f - S i t e I m p r o v e m e n t s Ot h e r : (s p e c i f y ) To t a l C o n s t r u c t i o n E x p e n s e s Ti t l e a n d R e c o r d i n g F e e s Re s i d e n t i a l Re n t a l Co m p o n e n t Co s t s Ho m e Ow n e r s h i p Co m p o n e n t Co s t s Co m m e r c i a l Co m p o n e n t Co s t s To t a l De v e l o p m e n t Co s t s In f i l l P r o g r a m Ta x C r e d i t Eq u i t y Pe r m C h a s e Ba n k TD A D e v e l o p e r Eq u i t y C a s h o r La n d De f e r r e d C i t y Im p a c t F e e s RD A L o a n De f e r r e d De v e l o p e r Fe e s SOURCES TOTAL T O T A L D E V E L O P M E N T B U D G E T Comments So u r c e s a n d U s e s PE R M A N E N T F I N A N C I N G E X P E N S E S 31 6 9 6 3 3 0 4 3 5 0 0 0 3 1 6 9 6 3 3 0 4 35000 0 0 0 0 0 0 0 0 18 1 1 2 1 8 8 8 2 0 0 0 0 1 8 1 1 2 1 8 8 8 20000 0 0 49 8 0 8 0 5 1 9 2 5 5 0 0 0 0 4 9 8 0 8 5 1 9 20 0 0 0 5 5000 LE G A L F E E S 24 9 0 4 2 5 9 6 2 7 5 0 0 2 4 9 0 4 2 5 9 6 27500 24 9 0 4 2 5 9 6 2 7 5 0 0 2 4 9 0 4 2 5 9 6 27500 72 4 4 8 7 5 5 2 8 0 0 0 0 7 2 4 4 8 7 5 5 2 80000 0 0 0 0 0 0 12 2 2 5 6 0 1 2 7 4 4 1 3 5 0 0 0 0 1 2 2 2 5 6 1 2 7 4 40 0 0 0 1 3 5000 CA P I T A L I Z E D R E S E R V E S 19 2 6 7 1 1 9 2 6 7 1 1 9 2 6 7 1 192671 0 0 18 1 1 2 0 1 8 8 8 0 2 0 0 0 0 0 1 8 1 1 2 0 1 8 8 8 0 200000 0 0 0 0 0 0 37 3 7 9 1 0 1 8 8 8 0 3 9 2 6 7 1 0 3 7 3 7 9 1 1 8 8 8 00 0 0 0 3 9 2671 RE P O R T S & S T U D I E S 90 5 6 9 4 4 1 0 0 0 0 9 0 5 6 9 4 4 10000 63 3 9 6 6 1 7 0 0 0 6 3 3 9 6 6 1 7000 0 0 67 9 2 7 0 8 7 5 0 0 6 7 9 2 7 0 8 7500 0 0 0 0 0 0 0 0 22 1 8 7 0 2 3 1 3 2 4 5 0 0 0 2 2 1 8 7 2 3 1 30 0 0 0 2 4500 OT H E R 75 1 5 8 7 5 1 5 8 7 5 1 5 8 75158 0 0 81 5 0 5 8 4 9 5 9 0 0 0 0 8 1 5 0 5 8 4 9 5 90000 13 6 4 0 0 6 1 4 2 1 8 4 1 5 0 6 1 9 0 3 6 4 0 0 6 1 4 2 1 8 4 1 0 0 0 0 0 0 1 5 0 6 1 9 0 0 0 0 0 36 2 2 4 3 7 7 6 4 0 0 0 0 3 6 2 2 4 3 7 7 6 40000 12 6 7 8 1 3 2 2 1 4 0 0 0 1 2 6 7 8 1 3 2 2 14000 46 5 5 1 4 8 5 3 5 1 4 0 4 4 6 5 5 1 4 8 5 3 51404 0 0 0 0 0 0 0 0 0 0 16 1 6 1 2 2 0 1 6 0 6 3 0 1 7 7 6 7 5 2 0 6 1 6 1 2 2 1 6 0 6 3 0 0 1 0 0 0 0 0 0 0 0 1 7 7 6 7 5 2 15 8 7 8 2 0 6 0 1 6 2 7 2 3 7 1 7 5 0 5 4 4 3 5 0 0 0 0 0 8 3 4 6 5 3 3 5 1 5 8 9 1 0 1 5 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 7 5 0 5 4 4 3 SU B T O T A L To t a l O t h e r C o s t s Ma r k e t S t u d y TC A C A p p . / A l l o c . / M o n i t o r F e e s Lo c a l P e r m i t F e e s Fi n a n c i a l C o n s u l t i n g Ot h e r : (s p e c i f y ) Lo c a l D e v e l o p m e n t I m p a c t F e e s Ap p r a i s a l ( s ) Ot h e r : (s p e c i f y ) Tr a n s i t i o n R e s e r v e Re n t - U p R e s e r v e Fu r n i s h i n g s Sy n d i c a t o r / I n v e s t o r F e e s & E x p e n s e s Ot h e r : (s p e c i f y ) To t a l C a p i t a l i z e d R e s e r v e s Ot h e r : (s p e c i f y ) Ot h e r : (s p e c i f y ) Ph y s i c a l N e e d s A s s e s s m e n t Ot h e r : (s p e c i f y ) Ot h e r C o s t s o f B o n d I s s u a n c e Ot h e r : (s p e c i f y ) To t a l R e p o r t s & S t u d i e s CD L A C F e e s Ma r k e t i n g Fi n a l C o s t A u d i t E x p e n s e Ot h e r : (s p e c i f y ) Ot h e r : (s p e c i f y ) Op e r a t i n g R e s e r v e Sy n d i c a t i o n L e g a l F e e s Ot h e r : (s p e c i f y ) Ot h e r : (s p e c i f y ) Sp o n s o r L e g a l F e e s To t a l L e g a l F e e s Or g a n i z a t i o n a l L e g a l F e e s Co n s t r u c t i o n L e n d e r L e g a l E x p e n s e s Pr o p e r t y T a x e s In s u r a n c e Cr e d i t E n h a n c e m e n t & A p p . F e e Ti t l e a n d R e c o r d i n g Pe r m a n e n t L e n d e r L e g a l F e e s To t a l P e r m a n e n t F i n a n c i n g En v i r o n m e n t a l S t u d i e s Re p l a c e m e n t R e s e r v e Ot h e r : (s p e c i f y ) Ot h e r : US D A F e e Lo a n O r i g i n a t i o n F e e ( s ) Re s i d e n t i a l Re n t a l Co m p o n e n t Co s t s Ho m e Ow n e r s h i p Co m p o n e n t Co s t s Co m m e r c i a l Co m p o n e n t Co s t s To t a l De v e l o p m e n t Co s t s In f i l l P r o g r a m Ta x C r e d i t Eq u i t y Pe r m C h a s e Ba n k TD A D e v e l o p e r Eq u i t y C a s h o r La n d De f e r r e d C i t y Im p a c t F e e s RD A L o a n De f e r r e d De v e l o p e r Fe e s SOURCES TOTAL T O T A L D E V E L O P M E N T B U D G E T Comments So u r c e s a n d U s e s DE V E L O P E R C O S T S 18 1 1 2 0 0 1 8 8 8 0 0 2 0 0 0 0 0 0 8 4 9 5 6 2 1 8 8 8 0 0 9 6 1 6 3 8 2 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18 1 1 2 0 0 0 1 8 8 8 0 0 2 0 0 0 0 0 0 0 8 4 9 5 6 2 1 8 8 8 0 00 0 0 96 1 6 3 8 2 0 0 0 0 0 0 17 6 8 9 4 0 6 0 1 8 1 6 0 3 7 1 9 5 0 5 4 4 3 5 0 0 0 0 0 9 1 9 6 0 9 5 5 3 4 7 7 1 0 1 5 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 9 6 1 6 3 8 1 9 5 0 5 4 4 3 $1 4 2 $2 3 7 20 4 6 6 0 82 3 0 0 82 3 0 0 To t a l E s t i m a t e d S a l e s P r i c e ( F o r A l l Ho m e o w n e r s h i p U n i t s ) To t a l A n t i c i p a t e d N e t P r o f i t (H o m e o w n e r s h i p U n i t s ) To t a l D e v e l o p m e n t c o s t p e r S q . F t . Ne w C o n s t r u c t i o n c o s t p e r S q . F t . TO T A L D E V E L O P M E N T C O S T Sy n d i c a t o r C o n s u l t a n t F e e s To t a l D e v e l o p e r C o s t s Ot h e r : (s p e c i f y ) Pr o j e c t A d m i n i s t r a t i o n Co n s t r u c t i o n O v e r s i g h t & M g m t . Br o k e r F e e s P a i d t o R e l a t e d P a r t y Gu a r a n t e e F e e s Ot h e r : (s p e c i f y ) Co n s u l t a n t / P r o c e s s i n g A g e n t De v e l o p e r F e e / O v e r h e a d / P r o f i t To t a l S q u a r e F o o t a g e f o r A l l N e w Co n s t r u c t i o n To t a l S q u a r e F o o t a g e f o r T o t a l De v e l o p m e n t