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Sources & Uses Statement <br />Project Costs <br />Cost <br />acres sq ft cost per ft <br />Land 14 609,840 $2.25 $1,372,140 <br />Site Improvements: 177,125 <br />Site prep, landscaping, parking, etc. <br />Building:estimate $12,000,000 <br />SAC/WAC fees $104,707 <br />Machinery & Equipment $5,160,500 <br />see attached equipment list <br />Office Furniture and Fixtures $200,000 <br />Contingency $1,300,000 <br />Professional fees $255,000 <br />Legal, Architect, Engineer, etc. <br />Other (Interest Reserve)$600,000 <br />Total $21,169,472 <br />Proposed Sources of Financing <br />Bank/SBA 504 $17,480,385 <br />Cash Equity $2,116,947 <br />TIF $1,372,140 (up front for land, total TIF request is 1,636,660 <br />Industrial Incentive Microloan - City of Elk River $200,000 <br />Total $21,169,472