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HomeMy WebLinkAboutBudget11/18/2008 13:29 3056345124 ABDA PAGE 04 ✓I.1. FA A "AtA t 3Or- //4 -logo Infill Cost Allocation twin homes Nov 2005 CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT COST ALLOCATION REPORT: NEW CONSTRUCTION AFFORDABLE HOUSING APPLICANT: ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY, INC PROJECT NAME: INFILL ALLAPATTAH SCATTERED SITES- Twinhomes- vacant tot. Financing Sources, Spacify Name Total Project City HOME Housing Credit Othyr. Equity Rending Private Bank Investment Land Acquisition - Hard Costa Construction onct.site work) $ 291 ,260 $ 83,800 $ 179,855 $ 27,604 Constrcution contingency 29,126 29,126 Constrcution:Concreteri5oa Test 2.500 2,500 Appuancea 6,000 6,000 Construction Supervision - - - - Total Herd Costs 328,886 83,800 179,856 65,230 $oft Costs Arch.Design.CivilEngineering 1,000 - 1,000 Impact & School P"s 7,500 - 7,50o Permlts/Pees 2,000 2,000 Legal 3,000 3,000 liccnsesiEnvironmentsl/Utility Fees - - ApprsisaDSurveys 1,000 - 1,000 tnsurance1Gonstrvction period 2,500 - 2,500 Marketing/Aeveriising - - Loan Closing/Financing Fees 2,500 - 2,500 interest/Carrying Costs 9,216 - 9,216 Title Insurance& Recording 1.000 1,000 Taxes - - For Use by City:City incurred costs 10,000 10,000 - Developer's Fees & Overhead - - Soft Cost Contingency 3,972 - 3,972 Total Sofl Costs 43,687 10,000 33,687 Total Proj6ctCost $ 372,573 $ 9$,800 $ 179,856 $ 98,917 Infill Cost Allocation twin homes Nov 2005