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EXPENDITURES <br /> HOPEWORKS STATION RESIDENTIAL <br /> PROJECT BUDGET - AMENDMENT #1 <br /> LIHTC Def Fee/ <br /> CATEGORY City of Snohomish Enterprise State NHTF/ Sponsor <br /> Everett County Equity HTF/UHEE Loan/AHP <br /> Acquisition Costs: <br /> Land Acquisition Costs $480,537 $18,965 <br /> Existing Structures <br /> Liens <br /> Closing,Title&Recording Costs <br /> Extension payment <br /> Other: <br /> SUBTOTAL $480,537 $0 $18,965 $0 $0 <br /> Construction: <br /> Demolition <br /> New Building $8,023,509 ' $1,750,000 $1,092,320 <br /> Rehabilitation • <br /> Contractor Profit <br /> Contractor Overhead <br /> New Construction Contingency $946,586 <br /> Rehab Contingency <br /> Accessory Building <br /> Site Work/Infrastructure <br /> • <br /> Off site Infrastructure <br /> Environmental Abatement- <br /> Building <br /> Environmental Abatement-Land <br /> Sales Tax $1,053,985 <br /> Bond Premium <br /> Equipment and Furnishings $100,000 <br /> Other: <br /> SUBTOTAL $0 $0 $10,124,080 $1,750,000 $1,092,320 <br /> Soft Costs: <br /> Buyer's Appraisal • <br /> Market Study $4,500 <br /> Architect $0 $266,688 $731,247 $61,381 <br /> Engineering <br /> Environmental Assessment $18,463 <br /> Geotechnical Study $8,466 <br /> Boundary&Topographic Survey $2,890 $13,421 <br /> Legal-Real Estate <br /> Developer Fee $122,263 $653,842 <br /> Project Management/Dev. $655,644 <br /> Consultant Fees <br /> Other Consultants $59,171 <br /> Soft Cost Contingency $89,810 <br /> Other: • <br /> $19,754 <br /> SUBTOTAL $0 $269,578 $1,722,739 $0 $715,223 <br /> Pre-Development/Bridge <br /> Financing <br /> Bridge Loan Fees $14,972 <br /> Bridge Loan Interest $49,269 <br /> SUBTOTAL $0 $0 $64,241 $0 $0 <br /> Exhibit B-1 <br /> Housing Hope Properties <br /> Page 2 of 4 <br />