AMOUNT DRAWN
(City Loan)
Line # Description
ACQUISITION / HOLDING COSTS
1 Land & Building Cost 13,665,100
2 Predevelopment Interest/Holding Costs 123,885
3 Total Relocation Expenses 2,106,546
HARD COSTS
4 Construction Contract 7,138,933
5 Hard Cost Contingency 1,219,180
SOFT COSTS
6 Architect 716,123
7 Total Survey & Engineering 84,332
8 Bond Fees/CDLAC Application Fees 3,700
9 Title & Recording 25,000
10 Insurance 386,847
11 Lender Expenses 24,800
12 Legal Fees 25,799
13 Capitalized Reserves 0
14 Other: 20‐Year Operating Reserve 0
15 TCAC App/Allocation/Monitoring Fees 1,500
16 Environmental Audit 11,120
17 Local Development Impact Fees 0
18 Permit Processing Fees 135,984
19 Marketing 0
20 Furnishings 0
21 Market Study 17,100
22 Accounting/Reimbursables 3,260
23 Appraisal 2,500
24 Other: Construction Manager 49,433
25 Other: Deputy Inspector 0
26 Other: Security‐Operating Period 0
27 Other: Administrative & Organizational 9,468
28 Other: Prevailing Wage Compliance 25,983
29 Soft Cost Contingency 327,022
30 Developer Overhead/Profit 500,000
31 Syndication Consultant 30,228
TOTAL 26,633,843
$34.8M LOAN
SPENT‐TO‐DATE AS OF JULY 2026