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8.0. EDSR 04-13-2000
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8.0. EDSR 04-13-2000
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City Government
type
EDSR
date
4/13/2000
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R W ENTERPRISES, LLC Exhibit D <br /> BUT-FOR ANALYSIS <br /> • <br /> WITH NO . WITH <br /> IIITAX REBATE FINANCING • TAX REBATE FINANCING <br /> SOURCES AND USES SOURCES AND USES <br /> SOURCES SOURCES <br /> Mortgage 830,000 579,713 <br /> Equity 128,597 128,597 • <br /> Tax Rebate Financing 0 50,287 <br /> TOTAL SOURCES 758,597 • 758,597 <br /> USES USES <br /> Land 45,000 • 45,000 <br /> Site Work 22,500 22,500 <br /> Soil Correction 0 0 <br /> Demolition , 0 ' 0 <br /> Relocation 0 0 <br /> Subtotal Land Costs 67,500 67,500 <br /> Construction 627,976 627,976 <br /> Finish Manufacturing 0 0 <br /> 'Subtotal,Construction Costs 627,976 627,976 <br /> Soft Costs 10,000 10,000 <br /> . Taxes 0 0 • <br /> • Finace Fees 21,882 21,882 <br /> Project Manager 0 0 <br /> Develper Fee 0 0 <br /> Contingency 31,239 31,239 <br /> Subtotal Soft Costs 63,121 63,121 <br /> TOTAL USES 758,587 758,597 <br /> Income Statement . Income Statement <br /> Sq. Ft. Per Sq. Ft. Sq. Ft. Per Sq. Ft. <br /> Rent-Space 18,720 $5 93,600 18,720 $5 93,601 <br /> Vacancy Loss (936) $5 (4,680) (936) • $5 (4,680) <br /> Other 0 $0 0 1 $0 '0 <br /> Subtotal Rent 88,920 88,921 <br /> Mortgage 20 Term 71,744 20 Term 68,050 <br /> 9.75% Interest 9.75 % Interest <br /> 630,000 Principal 579,713 Principal <br /> Net Income 17,178 22,870 <br /> Total Return on Equity 13.37% 17.78% <br /> NOTE: <br /> Anticipating a 50% occupancy <br /> III first year <br /> or a <br /> negative cash flow of <br /> $14,625 <br /> EO 39Vd DOSSV QNV 1H3I3M r 9L ISTbtZT9 LE:ZZ 0003/S0/t, <br />
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