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EXPENDITURES <br /> COLBY AVENUE YOUTH CENTER - PROJECT BUDGET <br /> City of TOTAL PROJECT <br /> Snohomish Everett Other Other non- RESIDENTIAL <br /> SNOHOMISH County CDMH 2016,2017 Residential residential AND NON- <br /> COUNTY 2016, Sales Tax and 2018 Funds Funds RESIDENTIAL <br /> 2017 and 2018 HOME COSTS <br /> HOME funds funds <br /> Acquisition Costs: <br /> Land $925,000 $176,206 $698,794 $1,800,000 <br /> Existing Structures $0 <br /> Liens $0 <br /> Closing,Title&Recording Costs $7,334 $4,653 $11,987 <br /> Extension payment 21,412 $13,588 $35,000 <br /> Other. <br /> SUBTOTAL $925,000 $0 $183,540 $21,412 $717,157 $1,846,987 <br /> Construction: <br /> Demolition $0 <br /> New Building $4,749,532 $3,013,919 $7,763,451 <br /> Tenant Improvements $333,828 $333,828 <br /> Contractor Profit $0 <br /> Contractor Overhead $0 <br /> New Construction Contingency $377,247 $264,428 $641,675 <br /> Rehab Contingency $0 <br /> Accessory Building $0 <br /> Site Work/Infrastructure $0 <br /> Off-site Infrastructure $0 <br /> Environmental Abatement-Building $0 <br /> Environmental Abatement-Land $0 <br /> Sales Tax $487,907 $341,993 $829,900 <br /> Bond Premium $0 <br /> Equipment and Furnishings $127,659 $127,659 <br /> Other.Hazardous Materials Abatement $280,433 $177,955 $458,388 <br /> SUBTOTAL $0 $0 $0 $5,895,118 $4,259,782 $10,154,901 <br /> • <br /> • Soft Costs: <br /> Buyer's Appraisal $2,202 $1,398 $3,600 <br /> Market Study <br /> $0 <br /> Architect $400,000 $9,436 $253,470 $662,906 <br /> Engineering $131,050 $83,161 $214,211 <br /> Environmental Assessment $10,871 $6,899 $17,770 <br /> Geotechnical Study $9,177 $5,823 $15,000 <br /> Boundary&Topographic Survey $6,998 $3,560 $6,699 $17,257 <br /> Legal-Real Estate $6,118 $3,882 $10,000 <br /> Developer Fee $0 <br /> Project Management/Dev.Consultant Fees $308,949 $196,051 $505,000 <br /> Other Consultants $15,295 $9,705 $25,000 <br /> Soft Cost Contingency $3,436 $2,181 $5,617 <br /> Other.Cost Estimate $10,036 $6,369 $16,405 <br /> SUBTOTAL $0 $400,000 $168,391 $348,737 $575,638 $1,492,766 <br /> Pre-Development/Bridge Financing <br /> Bridge Loan Fees $31,813 $20,187 $52,000 <br /> Bridge Loan Interest $228,286 $144,864 $373,150 <br /> SUBTOTAL $0 $0 $0 $260,099 $165,051 $425,150 <br /> Exhibit B-1 <br /> Cocoon House <br /> Colby Avenue Youth Center(1) <br /> Page 2 of 4 <br />