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7.1. SR 06-09-2003
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7.1. SR 06-09-2003
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1/21/2008 8:32:40 AM
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6/9/2003 5:27:05 PM
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Sources: & Uses <br /> <br /> Jackson Block <br /> Elk River, Minnesota <br />SOURCES AND USES OF FUNDS <br /> <br />SOURCES <br /> First Mortgage <br /> Commercial Sale <br /> TIF-25 years <br /> Small Cities Program <br /> Limited Partner Investment - LtHTC <br /> <br /> Equity Gap <br />TOTAL SOURCES <br /> <br /> Total <br /> 808,778 <br />1,192,205 <br /> 559,053 <br />1,4OO,O00 <br />2,326,519 <br /> <br /> (845,473) <br />$ 5,441,083 <br /> <br />USES <br /> Land/Building <br /> Public Parking <br /> Site Work-Environmental, Landscaping <br /> Demo <br /> Rehabilitation/New Construction <br /> Contingency <br /> Architectural and Engineering <br /> interim Costs <br /> Financing Fees and Expenses <br /> Syndication Related Costs <br /> Related Costs <br /> Developer's Overhead/Profit <br /> Project Reserves <br /> <br /> Total <br /> <br /> 0 <br /> 300,000 <br /> <br />3,683,142 <br />214,996 <br />t40,000 <br />204,730 <br />44,676 <br />65,000 <br />99,556 <br />480,000 <br />208,983 <br /> <br />TOTAL USES $ 5,441,083 <br /> <br /> <br />
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