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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 /> Soft Costs:
<br /> Buyer's Appraisal $2,202 $1,398 $3,600
<br /> Market Study $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
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