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Vol. I. Sec. C.2. Housing Study
January 15, 2069 Mr. Claude Delorme Senior Vice President Florida Marlins 2267 Dan Marino Boulevard Miami, FL 33056 Dear Mr. Delorme: Miami Economic Associates, Inc. (MEAT) has performed an analysis to assess the new Marlins' proposed ballpark in terms of the demand that its workforce will have for affordably -priced housing and the ability of the existing supply of available affordably - priced units to accommodate that demand. The proposed ballpark will be located within the City of Miami on the site of the former ©range Bowl facility, which is located between N.W. 14th Street and N.W. 16°h Avenues and N,W. 4th and N.W. 6th Streets. In conducting our analysis, we utilized the procedures set forth in the affordable housing methodology formulated by the East Central Florida Regional Planning Council (ECFRPC) for analyzing Development of Regional Impacts to estimate demand and supply. The letter, which is organized as shown below, summarizes our analysis. Section Page Findings 2 Ballpark Employment 4 Affordable Housing Analysis_ 6 Closing 13 Findings MEAI's analysis found that development of the new Marlins ballpark would have no adverse impact in terms of affordable housing, with the existing supply of available affordably -priced units sufficient to accommodate the demand of its workforce for such units. The paragraphs that follow set forth the specific findings of MEAI's analysis: 6881 S.W. 89th Terrace Miami, Florida 33156 Tei: (3051669-0229 Fax; (8661496-6107 Email: meal nkc bellsvuth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 2 Very Low Income Households Very Low income households are defined as households earning less than 50 percent of the Area Median Income --- currently $49,200 --- or up to $24,600. An estimated total of 38 workers employed at the Marlins' proposed ballpark will require housing affordable to such households. Our analysis indicates that there will be at least 91 units available to such households, as shown in Table 9 on page 11 ■ Low Income Households Low income households are defined as households earning between 50 and 80 percent of the Area Median Income, or between $24,601 and $39,360. An estimated total of 45 workers employed at the Marlins' proposed ballpark will require housing affordable to such households. Our analysis indicates that there will potentially be at least 121 units available to such households, as shown in Table 9. Moderate Income Households Moderate income households are defined as households earning between 80 and 120 percent of the Area Median Income, or between $39,361 and $59,040. An estimated total of 53 workers employed at the Marlins' proposed ballpark will require housing affordable to such households. Our analysis shows indicates that there will be at least 418 units available, as shown in Table 9. The following points should be considered with respect to findings of MEAI's analysis: The ECFRPC methodology that we used to estimate demand for affordably -priced units implicitly assumes that the workforce that will be employed at the project being analyzed will be comprised of new residents in the community where the proposed project will be located; hence all of the workers will be in the market for housing. This assumption, even of questionable validity in the case of many of the DRI projects which it is used to analyze, is clearly not correct in the case of Marlins' proposed ballpark. The Marlins' commenced operations at Dolphin Stadium in Miami Gardens in 1993. It is anticipated that the preponderance of the people who will work for the Marlins in various capacities at the proposed ballpark in the City of Miami already work for them at Dolphin Stadium. Accordingly, most of the workers estimated above who will require housing affordably -priced for very low, low and moderate income households are already housed with the result that only a small portion will actually create new demand for affordable housing The site of the proposed ballpark was the site of a major sports facility, the Orange Bowl, for decades. There is likely some number of people who were involved in the operations of the Orange Bowl who were adversely impacted by its closure after the University of Miami decided to utilize Dolphin Stadium for its football games. The Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33166 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude Delorme Florida Marlins, LP January 15; 2009 Page 3 proposed ballpark will enable these adversely -affected individuals to replace their lost income. In fact, given the larger number of event days that will exist at the proposed ballpark than occurred at the Orange Bowl, they may, in fact, be better off. As depicted on the map on the next page, substantial portions of the City of Miami in the areas bounded by N.W. 791h Street to the north, Biscayne Boulevard to the east, S.W. 8`h Street to the south and Le Jeune Road to west are contained within a State - designated Enterprise Zone and/or the federally -designated Empowerment Zone. Such designation is applied to economically -disadvantaged areas that exhibit, among other characteristics, high rates of unemployment and relatively low median incomes. At the time of the 2000 Census, 8.7 percent of Miami -Dade County residents 16 years of age and over who participated in the labor force indicated they were unemployed; in contrast, nearly 14 percent of the residents of the Enterprise/Empowerment Zone areas within the City of Miami who were 16 years of age and over and participating in the labor force were unemployed. In the current economic environment, this figure is likely higher than it was in 2000- The 2000 Census also showed that median income in the Enterprise/Empowerment Zone areas was less than 60 percent of that of Miami -Dade County as a whole, reflecting the areas' higher rate of employment. It all suggests that many of those living in the areas that do hold jobs are, in fact, underemployed. Development of the proposed ballpark will potentially provide an opportunity for the areas' unemployed to earn money on at least a part-time basis. It will also provide an opportunity for those living in the areas that are underemployed to supplement their earnings. MEAI's analysis of affordable housing with respect to the Marlins' proposed ballpark relied on a survey of rental apartment units conducted by McCabe Research and Consulting at the end of the 3"' Quarter of 2008 to estimate the available supply of rental units. The McCabe survey only considers "investment quality" properties, which are typically defined, among other criteria, as projects comprised of 100 units or more. On that basis, only 19 properties were surveyed in the Housing Supply Area' considered in the analysis, which were comprised of approximately 5,260 units. Review of data contained in the 2000 Census indicates the units McCabe surveyed represent less than 8 percent of approximately 145,000 rental units in the Housing Supply Area at the time of the Census. It is estimated that more than half the rental properties in the Housing Supply Area are in projects with fewer than 10 units, inclusive of duplexes. These units were not surveyed because experience has shown that a substantial percentage do not have on-site personnel from whom reliable information can be obtained about rental rates or vacancy levels. It is ' The ECFRPC methodology requires that the Housing Supply Area to be used for analysis to be by defined by a 10 -mile radius or 20 -minute commute time, whichever is less. The Housing Supply Arra used in analyzing the proposed Marlins' ballpark is depicted in the map following page 7 of this report. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33756 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Enterprise Zone ' EEO North Central r4 Y 7✓! 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Cl p 4 oq��` Y C RI tNBA�KRr \ _ _ /- 9 AN 7ASlA AV Syy I TH $T qi S UND T _ Legend r=mpowennentzone /\/ Street Y�11} �;num t nw pMreeryNWmWMCas�t ISIS N Central Enterprise Zone `/ Highway err moa Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 4 anticipated that if data could be obtained From these projects that there would be a significantly higher number of affordably -priced rental units available than was estimated in MEAI's analysis, with substantial portions of them accommodating very low and low income households_ The development plan for the ballpark site anticipates the construction of 95 residential units that will be affordably -priced, These units were not included in the above estimates of available units because it has not yet been determined which of the defined income segments they will be priced to serve. Ballpark Employment The workforce at the Florida Marlins' proposed ballpark will be comprised of a number of different segments, which were characterized by function as follows: • Team • Corporate Staff • Ballpark Operations Personnel • Concessions Personnel • Cuff -Duty Police • Parking attendants ■ Retail workers The manner in which each of the segments of employment were considered in the MEAI's affordable housing analysis is described below: ■ The team, inclusive of the players on the 40 -man roster, the manager and coaching staff and trainers, was not considered. Many of the individuals comprising this group are not full-time residents of the City of Miami and/or Miami -Dade County. Further, all earn incomes above 120 percent of the Area Median, which, as discussed above, is currently $49,200. The corporate staff includes the 150 employees of the Florida Marlins who are involved in management, administrative, clerical, sales and marketing activities on behalf of the team. The 20 highest paid executives of The Florida Marlins, LP, the corporate entity that owns and operates the Florida Marlin franchise, were not considered in the analysis because all of them make incomes substantially above 120 percent of the Area Median stated above. The remaining 130 were considered. Their incomes, which range between $30,000 and $100,000 annually, average $55,000, Ballpark operations personnel include 40 full-time workers whose average income approximates $50,000 and 100 seasonal workers who will be employed during the 3 - month period from March through October, earning an average income approximating $20,600. Both of these groups were considered in MEAI's analysis. Miami Economic Associates, Inc. 5861 S,W, 89+h Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496.6107 Email: meaink@bellsouth,net Mr. Claude ❑elorme Florida Marlins, LP ,January 15, 2009 Page 5 Not considered were the approximately 600 workers who will work on an hourly basis on the 81 to 100 event days at the ballpark as ushers, ticket takers, ticket sellers, security personnel; etc. These event day workers will not be employed directly by the Marlins but provided by company under contract to them that supplies event day manpower to a number of South Florida venues including American Airlines Arena, Bank Atlantic Center and Dolphin Stadium. Given the employment status of these workers. it is not possible to estimate their annual incomes, which will be dependent on the total event days they work at all venues as well as at the Marlins ballpark. It should also be noted that well --represented within this group are students, people who are substantially retired, people who work on a part-time basis by choice and people who are supplementing the incomes they earn at a primary job. Finally, there is no evidence to suggest that people move to the City of Miami and/or Miami -Cade County specifically to avail themselves of these event day jobs and it is anticipated that a high proportion of the people who will assume the event day jobs at the new Marlins ballpark have worked Marlins games at Dolphin Stadium. Concessions at the proposed ballpark will be operated by Levy Restaurants, who operate concessions at such other South Florida sports venues as American Airlines Arena. Taken into consideration in MEAI's analysis were the 15 workers that the concession operator will station on-site on a year-round basis and who will earn incomes averaging $45,000. Not considered in the analysis were the approximately 1,500 workers who will be employed by the concession operator on an hourly basis on the 81 and 100 event days at the ballpark. Their employment status and profile is similar to that of the event day workers except that between 35 to 40 percent are typically people affiliated with non -for-profit organizations who donate their earnings to their organization. In essence, they work games to raise funds for charitable purposes. The off-duty police who will provide traffic control and other services to the proposed ballpark were not considered because their ballpark -related earnings will be by definition supplemental rather than primary income. • The approximately 60 to 70 employees of the City of Miami's Parking Authority who will operate the parking facilities on-site at the proposed ballpark on game days were also not considered for the reason stated with respect to the off-duty police. • A total of 125 retail workers will be employed ort -site within the 61,678 square feet of retail space adjacent to the ballpark. While a specific tenant mix for the proposed retail space has not been established, it is estimated based on data compiled by the Florida Agency for Workforce Innovation that the retail workers next to the proposed ballpark will average approximately $24,000 in annual wages and salaries. Affordable Housing Analysis As previously discussed, MEAI's analysis was performed utilizing the ECFRPC Methodology for analyzing the housing impacts of Developments of Regional impact. Miami Economic Associates, Inc. 6861 S.W. 8911, Terrace Miami, Florida 33156 Tei: {305} 669.0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 6 The methodology sets forth specific methods for accomplishing each of the following procedures: • Estimating the Demand for Affordable Housing • Estimating the Supply of Affordable Housing Estimating Demand for Affordable Housing As discussed above, MEAI's analysis of the demand for affordable housing focused on the following groups of employees. 130 corporate workers involved in managerial, administrative, clerical, sales and marketing activities who will earn average annual incomes of $55,000 (2009 Dollars). • 40 full-time employees involved in ballpark operations who will earn average annual incomes of $60,000 (2009 Dollars). • 100 seasonal workers involved in ballpark operations that earn of average of $20,600 annually (2009 Dollars). • 15 full-time concession workers who earn an average of $45,000 annually (2009 Dollars). ■ 125 retail workers who will earn an average of $24,000 annually (2009 Dollars). As shown in Table 1, between 111 and 136 workers enumerated above will require housing affordably -priced for households of very low; low and moderate income. The summary estimate of demand shown below is based on the detailed analysis provided in Appendix 1. As evidenced in Table 1 below, two different methods were used to estimate demand. The first method, specified in the Methodology, distributes the workers in manner consistent with a bell curve. The second method adjusts the bell curve distribution so that the total estimated earnings of the workers approximate (within 3%) the total wages that will be paid to the workers at the Project. The total wage amount, referred to as the "control number", is the figure eaiculated by multiplying the average income of the workers estimated above by the number of workers that will be employed at the proposed ballpark. MEAT believes that that the control number method provides a more accurate estimate of demand, particularly with respect to need for housing accessibly - priced for very low and low income households. Appendix 1A contains the distributions of workers by wage level utilizing the bell curve method while Appendix 18 contains the distributions utilizing the control number method. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax; (866) 496.6107 Email: meaink@hellsouth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2099 Page 7 Table 1 Demand for Affordable Housing New Marlins Ballpark Land Use Very Low Income Law Income Moderate Income Total Bell Curve Approach Corporate Staff 2 11 17 30 Ballpark Operations Personnel Full-time 0 3 4 7 Seasonal 4 10 15 29 Concessions Personnel 0 3 3 6 Retail Workers 4 15 20 39 Total 10 42 59 111 Control Number A roach Corporate Staff 0 4 27 31 Ballpark Operations Personnel Full-time p 3 4 7 Seasonal 18 17 7 42 Concessions Personnel 0 3 2 5 Retail Workers 20 18 13 51 Total 38 45 53 136 Estimating the Supply of Affordable Housing In order to estimate the available supply of affordably -priced housing units in accordance with the Methodology, it is necessary to perform several tasks that are discussed below. Housing Supply Area The first task in estimating the affordable housing supply is to define the "Housing Supply Area". The Methodology requires that the relevant housing be "reasonably accessible" to the place of employment. Reasonable accessibility is further defined as a commutation distance of no greater than 10 miles or a commutation time of no more than 20 minutes at peak travel times, whichever is closer. The map provided on the next page following depicts the Housing Supply Area for proposed ballpark. The circle surrounding the site is defined by a ten -mile radius. Test drives performed in the circled area during the morning and afternoon peak hours showed all points within it are reachable in a drive time of 20 minutes or less. It should be noted that many of the workers at the proposed ballpark will not actually commute during peak hours including those involved in ballpark operations, concessions and retailing. Appendix 2 summarizes the results of test drives conducted during both AM and PM Peak hours. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude Delorme Florida Marlins, LP ,January 15, 2009 Page 8 HUD Housing Income Categories The current HUD estimate of annual median household income in Miami -Dade County, released in February, 2008, is $49,200. HUD definitions of very low, low and moderate income are based on percentage reiationships to the median income estimate as shown in Table 2. Table 2 HUD -Defined Housing Income Categories Income Cate o Definition Income Threshold Range Ve Low Up to 50% of median Cl=$24,500 Low 50-80% of median $26,601 — 39,360 Moderate 80 to 120% of median $39,361 — 59,040 Source: U.S. Department of Housing and Urban Development, Miami Economic Associates, Inc. Affordable Housing Cost Threshold Amounts Rule 9J-2.048, FAC (Adequate Housing Uniform Standard Rule) defines housing to be affordable when the total annual payments for rent or mortgage payments, mortgage insurance and property liability insurance and taxes do not exceed 30 percent of the gross annual income of very low, low and moderate income households. Table 3 illustrates the affordable housing threshold amounts for each of these respective income categories based on the definition cited. Table 3 Monthly Housing Cost Threshold Amounts Income Category Annual Income Affordable Monthly Monthly Housing Income Expenditure Very Low <l=$24,600 <1- $2,050 CI=$615 Low $26,601 — 39,360 $2,051 — 3,280 $616-984 Moderate $39,351 — 59,040 $3,281 -- 4,920 $985-1,476 Table 4 shows the range of rents that very low, low and moderate income households can pay on a monthly basis based on the affordable monthly housing expenditure amounts shown above as well as the range of prices that they can afford to pay to purchase a home. In reviewing Table 4, it should be noted that apartment rents are typically quoted on a "net" basis, hence excluding utilities. Accordingly, an adjustment to the affordable monthly housing expenditure is necessary to define the affordable monthly rent payment threshold for use in compiling the available inventory of affordable rental units. Appendix 3 shows the way the adjustments for utilities costs were made. Miami Economic Associates, Inc. 6861 S.W. 891h Terrace Miami, Florida 33156 Tel: (305) 669-6229 Fax: (866) 496-6167 Email: meaink@bellsvuth.net Mr. Claude Delorme Florida Marlins, LP January 15: 2009 Page 9 Table 4 With respect to owner -occupied (for -sale) housing, the basis for determining whether for - sale housing is affordable within the affordable monthly housing expenditure shown above is gross 'sale" or "offering" price. However, adjustments must be made for the purchase financing terms (down payment, interest rate, term of loan, mortgage insurance requirement) as well as real estate taxes, mortgage insurance and property liability insurance. Assumptions associated with each of these adjustments are derived from various market-based factors that are described below. Estimated average property liability insurance and mortgage insurance premiums and real estate taxes for each housing price category were deducted from the affordable housing cost thresholds to determine the net monthly income available for mortgage payments. The derived net monthly income available for mortgage payment was then used to calculate the maximum affordable amounts for each respective household income category. The key assumptions used in this calculation included the following mortgage financing terms. 30 year amortization 5.25 percent (fixed) interest rate 5.0 percent down payment The mortgage interest rate assumption is the average rate data published by the National Association of Realtors on January 5, 2009. The down payment assumption, which is based on the Methodology, would necessitate the purchase of mortgage insurance. Mortgage brokers interviewed that such insurance would cost 0.8 percent of the unit price on an annual basis. For the purpose of this analysis, an insurance rate of $26 per $1,400 of replacement value was assumed. It was further assumed that the replacement value would be based on 80 percent of the total value since casualty insurance is not required on the portion of total value represented by land. This assumption is based on data contained in Appendix 4, which was obtained from the State of Florida sponsored website shopandcomparerates.com. The rate of $261$1,000 of insured value is equivalent to $211$1,000 of total value based on the second of the two assumptions stated above. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Affordable Rent and Home Price Ranges_ Affordable Monthly Housing Rent Home Income Category Expenditure Rancie Price Very Low </=$615 cl-$547 <I- $75,144 Low $616-984 $548-928 $75,145 — 114,978 Moderate $985-1,476 $929-1,385 $114,979 — 168,091 With respect to owner -occupied (for -sale) housing, the basis for determining whether for - sale housing is affordable within the affordable monthly housing expenditure shown above is gross 'sale" or "offering" price. However, adjustments must be made for the purchase financing terms (down payment, interest rate, term of loan, mortgage insurance requirement) as well as real estate taxes, mortgage insurance and property liability insurance. Assumptions associated with each of these adjustments are derived from various market-based factors that are described below. Estimated average property liability insurance and mortgage insurance premiums and real estate taxes for each housing price category were deducted from the affordable housing cost thresholds to determine the net monthly income available for mortgage payments. The derived net monthly income available for mortgage payment was then used to calculate the maximum affordable amounts for each respective household income category. The key assumptions used in this calculation included the following mortgage financing terms. 30 year amortization 5.25 percent (fixed) interest rate 5.0 percent down payment The mortgage interest rate assumption is the average rate data published by the National Association of Realtors on January 5, 2009. The down payment assumption, which is based on the Methodology, would necessitate the purchase of mortgage insurance. Mortgage brokers interviewed that such insurance would cost 0.8 percent of the unit price on an annual basis. For the purpose of this analysis, an insurance rate of $26 per $1,400 of replacement value was assumed. It was further assumed that the replacement value would be based on 80 percent of the total value since casualty insurance is not required on the portion of total value represented by land. This assumption is based on data contained in Appendix 4, which was obtained from the State of Florida sponsored website shopandcomparerates.com. The rate of $261$1,000 of insured value is equivalent to $211$1,000 of total value based on the second of the two assumptions stated above. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 10 Finally, for the purpose of this analysis, it was assumed that all for -sale units would be eligible for the $50,000 Homestead Exemption and that the applicable millage rate would be $19.46 per $1,000 of taxable value, which is the average of the rates charged in the portions of Miami -Dade County that comprise the Housing Supply Area, Further discussion of the method used to calculate the affordable home price ranges shown above is provided in Appendix 5_ Rental Housing For the purpose of this analysis, we have reviewed the survey of rental apartment projects in the Housing Supply Area conducted by McCabe Research & Consulting at the end of the 3rd Quarter of 2008. The projects that had vacant units are identified in Appendix 6. As shown in Table 5, there are a total of 54 vacant apartment units within the Housing Supply Area that would be affordable to households of very low and low and income. No units were found that would be priced for moderate income households. The specific projects where these units are located and their locations are identified in Appendix 6. Table 5 Rental Apartment Supply Proposed Marlins' Ballpark Income Category Monthly Rent Thresholds Total Vacant Units Available Supply -Very Low Income <I=$615 0 0 Low Income $616-984 3 0 Moderate Income $985-1,476 51 51 Total 54 51 Sources: McCabe Research & Ccnsutting; Miami Economic Associates, Inc. The Methodology requires that an adjustment be made to the total number of vacant units to limit the number of efficiency and one -bedroom units included in the available housing supply. The establishment of these limits is designed to preclude the possibility that the available supply be disproportionately weighted toward the smaller units, thereby failing to satisfy the housing requirements of households in the income categories being considered in this analysis that are larger than two people in size. According to the Methodology, in Miami -Dade County no more than 24.7 percent of the available supply can be efficiency units or 29.0 percent 1 -bedroom units. Table 6 shows the distribution of the vacant units identified in Appendix 6 by number of bedrooms. Miami Economic Associates, Inc. 6861 S.W. 8916 Terrace Miami, Florida 33156 Tet- (365) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 11 Table 6 Distribution of Identified Vacant Rental Units By Number of Bedrooms Income Range Units Percent Very Law Income_ <J- $75,144 93 Efficient 0 0.0 1 -bedroom 0 0.0 More than 1 bedroom 0 0.0 Total 0 0.0 Low Income Efficient 0 0,0 1 -bedroom 3 100,0 More than 1 bedroom 0 0.0 Total 3 100.0 Moderate Income Efficient 0 0.0 1 -bedroom 8 15.7 More than 1 bedroom 43 84.3 Total 51 100.0 Sources: McCabe Research 8 Consulting; Miami Economic Associates, Inc Owner -occupied (For -sale) Housing It is estimated that there is an existing supply of 597 available affordably -priced owner - occupied (for -sale) housing within the Housing Supply Area by income category, as shown in Table 7. The table is based on information contained in Appendix 7 utilizing data obtained from the records of the Miami -Dade County Property Appraiser regarding the transactions of affordably -priced units during the 12 -month period ending September 30, 2008. The Methodology assumes that the activity that occurred during the designated 12 -month period is reflective of the extent to which such units will be available when the Project is developed. Table 7 Owner -occupied (For -sale) Housing Supply Pro osed Marlins Ballpark Income Category Home Price Threshold Amount Available Supply Very Low Income <J- $75,144 93 Low Income $75,145 — 114,978 124 Moderate Income $114,979 --168,091 380 Total 597 Sources: Miami -Dade County Property Appraiser; First American Real Estate Solutions; Miami Economic Associates, Inc. Miami Economic Associates, Inc. 6861 S.W. 89t1 Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@beilsouth.net Mr. Claude Delorme Florida Marlins, LP January 15, 2009 Page 12 As with the rental units discussed above, the Methodology imposes limits on the proportion of supply that can be comprised of efficiencies or one -bedroom units. In this regard, review of the materials contained in Appendix 7 shows the distribution of units by number of bedrooms is provided in Table 8. These percentages assume that all units for which information on the number of bedrooms is not available are distributed in the same proportion between units with 1 bedroom and units with 2 bedrooms or more. All of the units with less than 2 bedrooms are considered 1 -bedroom units since there are no efficiency units shown in Appendix 6. Table 8 Distribution of Identified For -sale Units By Number of Bedrooms Income Range Units Percent- Perceni-- -Verybow income Very 1 -bedroom 27 29.1 More than 1 bedroom 66 70.9 Total 93 100.0 Low income 1 -bedroom 49 39.7 More than 1 bedroom 75 60.3 Total 124 100.0 Moderate Income 1 -bedroom 142 3:7.4 More than 1 bedroom 238 62.6 Total 380 100.0 Sources: Miami -[lade County Property Appraiser; First American Real Estate Solutions; Miami Economic Associates, Inc The Methodology requires that units with 2 or more bedrooms constitute at least 46,3 percent of the available supply. Accordingly, all of the units identified in Appendix 7 are considered available supply, as shown in Table 8 above, Total Available Supply Table 9, which is based on information contained in Tables 5 and 7, calculates the total net available affordable housing units in the Housing Supply Area regardless of tenure. In calculating net available units, a permanent vacancy rate in the rental apartment segment of 5 percent was assumed. It was also assumed that 2.5 percent of the units are substandard based on data compiled by the Shimberg Center on Affordable Housing that shows that 2.5 percent of the units within Miami -Dade County do not use home heating fuel and/or lack full kitchens and/or bathrooms. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Mr. Claude aelorme Florida Marlins, LP January 15, 2009 Page 13 Table 9 Net Available Affordable Housing Units Proposed Marlins Ballpark Income Category Rental Units For -Sale Units Total Units Available Units Veni Low Income 0 93 93 Low Income 0 124 124 Moderate Income 51 380 431 Add itionsd(Reductions) (5% Permanent Vacant Rate) (2.5 Percent Substandard Rate Very Low Income 0 2 2 Low Income 0 3 3 Moderate Income 3 14 13 Net Available Units Very Low I ricome 0 93 91 Low Income 0 121 121 Moderate Income 48 370 418 Total Net Available 48 584 632 Closing As shown in Table 1, MEAT estimates that 135 workers at the new Marlins ballpark will require affordably -priced housing, inclusive of 38 very low income households, 45 low income households and 53 moderate income households. As shown in Table 9, it is estimated at least 532 housing units will be available to these households within a 20 - minute commute time, with more than sufficient numbers of units available for each segment of demand. Accordingly, the new Martins ballpark will have no adverse impacts with respect to affordable housing Sincerely, Miami Economic Associates, Inc. Andrew Dolkart President Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@bellsouth.net Appendix 1 Appendix 1A Appendix 2AA Employee Wage Distribution Bell Curve Method Corporate Staff New Marlins Ballpark 55-6°,3137-2%17.2% 43.4'k143.4%0324 41.$aal4T.8°hIT6.89t Additional Income 1.84895!2-28605 ' S7.21Ihour for 40 hoursfweek, 52 weakSlyear 1 Inoome thresholds (based on area median income} 6 Heads of Househote by Inonme (taken from employees in Column 4) 2 Wages broken dorm In Increments of S2, 500 7 Single worker households notal percentage, fmm the Census] 3 Midpoint of wage ranges 8 Single worker household income (same as rn+dpoml rn Column 3) 4 Nambor of employeeas projected to be in each wage range 9 MUIIh workw households notal percentage, from the Census) 5 Total wagas m all employees in each wage range td Mukiworker household incomemid { point in Golumn 3 multiplied by a pemenlage of additional mmme, from rhe Census) ill i 4 2 1 2 1 0 1 i Heads Single 2 3+ Wage Total of Worker Worker Worker Ranges Mid pint Em to ees Wages HHS' HHs' Income HHs' Income HHe Income Very Low Income $14,998'- 17,499 $16,248 2 $32.496 1 0 $16,248 0 $30,026 0 337,143 Hotssin 577,500.19,999 $18,750 2 337.50® 1 0 $18,750 0 $34,650 0 $42,863 income $20,000-22,499 $21,250 3 S63-750 1 1 $21250 0 $39,270 0 548.578 $16,248 $22,540-24,600 $23.550 4 594,200 2 1 $23,550 0 $43,520 0 553.835 $18,754 $21,250 Low Income $24,501-27,499 $26,050 5 5156,300 3 1 $26,050 1 548,140 1 559,550 $23,554 $27,500-29,999 $28,750 8 $230,000 4 2 528,750 2 S53,130 0 $65,723 Very4flwr $30,000-32,499 $31,250 14 $312,500 5 2 $31,250 1 S57,7501 $71,436 $26,050 532,500 .34,999 $33,750 10 3337.500 5 2 $33,750 2 $62,370 1 $77,153 528,750 $35,000-37,499 $35,250 10 $362,500 5 2 536,250 2 SW,990 1 $82,868 530,026 $37,500-39,360 $38,434 10 $384,300 5 2 $38,430 2 $71,019 1 387,851 531,250 533,750 Moderate Income 539,361 - 42,499 $44,934 10 $409,300 7 3 $40-930 3 $75,639 1 $93.566 534.650 542,500 •44,999 $43,754 10 $437.500 7 3 $43,750 3 $80,850 1 $100,013 536.250 $45,003.47,499 $46,254 8 $374,000 5 2 $46,250 2 $85,470 1 $105,728 537.143 547,500-49,999 $48,754 6 $292,500 4 2 $48,750 2 $90,090 0 $111,443 $38,430 $50,000-52,439 $51.250 4 $205,008 3 1 $51,250 1 $94,710 1 5117.158 $39,270 S52,5(10-54,999 $53,750 3 $161,250 2 1 $53,750 1 $99.330 0 $122,873 Low' - S55,000 -57,499 $56,250 2 $112,500 1 1 $56,250 0 $-103,950 0 $128,588 $40,930 $57,500-59,040 $58,270 2 $116,540 1 0 $58,270 1 $107,893 OV 33.205 $42,863 $43,520 $43,750 $46.250 Middle IncomalOver 559,041 and over $95,040 20 $1,700,000 NIA NIA WA WA N!A NIA NIA $48,140 $48,578 LAI TOW employees and wages Of INN model 134 55,815,636 548,750 )B Total wages of 130 em to ees 0 $55.000 $7-150,000 $51.250 $53.130 Headsbp rates for Miaml-bade County 553,750 Very Low Low Moderate Mf ddtwQver ldedran Incom $49,200 $53,835 41.7% 54.5% 65,9% 77.74`° $56,250 Average Employee Income: $55.000 557,750 558.270 Bing!e72-*orkerf3+Worker 840�(�Oe Very Low Low Moderate 55-6°,3137-2%17.2% 43.4'k143.4%0324 41.$aal4T.8°hIT6.89t Additional Income 1.84895!2-28605 ' S7.21Ihour for 40 hoursfweek, 52 weakSlyear 1 Inoome thresholds (based on area median income} 6 Heads of Househote by Inonme (taken from employees in Column 4) 2 Wages broken dorm In Increments of S2, 500 7 Single worker households notal percentage, fmm the Census] 3 Midpoint of wage ranges 8 Single worker household income (same as rn+dpoml rn Column 3) 4 Nambor of employeeas projected to be in each wage range 9 MUIIh workw households notal percentage, from the Census) 5 Total wagas m all employees in each wage range td Mukiworker household incomemid { point in Golumn 3 multiplied by a pemenlage of additional mmme, from rhe Census) ill i 4 2 1 2 1 0 1 i Middle IncomelOver $59,041 and over $85,000 16 $1,350,000 NIA NIA NIA NIA WA {AI Total employees and wages of Ihis model 40 $2.257,838 (8) Total wa es of 40 employees @ $60,000 52,400,000 Headship rai es for Mtam,Uade Counly Very Low Law Moderale MIddMlOyer Medina Incom 548,200 41 71A 54.61% 65 9°:6 777% Average Employee Income: 560,008 3inglel2+woAarl3+Worker• Very Law Low Moderate 55.6%l37.2%R.2% 43.40.1143.451113.2% 41. fi%141.5Vl6.lI% Addllhmal income 18481402,296196 ' S7.21111our for 40 hourstweek, 52 weekstyear 1 Income Ihrestiuids Chased on area median income) 5 Heads of Household by income (taken from employees in Column 4) 2 Wages broken down in increments eT $2.500 7 Single worker households (iotai percentage, from the Censusl 3 8rkdpoint of wage ranges a Single worker household income (same as midpoint in Column 3) 4 Number of employees pmjecled to be in each wage range 9 Muki�nrprker househMds Vocal pera+olage, {rem the Census) 5 Tidal wages of all employees in each wage tango 10 MuHi.vtarker household income lmidpcim In Column 3 mulliplled by a per uentage of addilmnol income, from the Census) Worker ❑ $42.868 Income HH'a Appendix 2A.2 Employee Wage Distribution Bell Curve Method Ballpark Operations Full-time New Marlins Baliark $18,246 C 0 $53.835 $18,750 C Heads Single $21,250 2 Wage $23,550 C Total of Worker very L&W Worker _ Ranges Midpoint Employees Wages HHs' HHS' Income HHs` Income Lowlocome $14.996'-17499 $16,248 1 $16,248 0 0 $16,248 0 S30,026 517.500-19,999 318.750 1 518,750 0 0 518,750 0 $34,650 $20.000-22,499 $21.250 1 $21,250 0 0 $21,2.50 0 $39.270 $22,509-24,600 $23.550 1 $23,550 0 0 523,550 0 $43,520 Income $24,801-27;4';9 526,050 1 $26,050 1 1 $26,050 0 $48„140 $27,500-29,999 $28,750 1 $26,750 1 1 $28,750 0 $53,130 $30.000.32,499 $31,250 2 $62500 1 1 $31,250 0 $57.750 $32,500 -34,999 $33,760 2 $67,500 1 0 $33,750 1 $62.370 $35,000 -37,459 $36,250 2 372,500 1 0 $3&,250 1 $66,990 $37Sf1u-39,360 $38,430 2 $76,850 1 0 $89,480 1 $71,019 .rafeIncome $39,361-42,499 $40,930 2 381860 1 1 840,930 0 $75,639 $42,500 - 44,959 $43,750 2 $87,500 1 1 $43,750 0 $90,850 545,000 -47,499 346,250 1 $46,250 1 1 546,250 0 $85,470 $47,50-49,959 $48,750 1 $48,750 1 I 348,750 0 $90,090 S50FDDO-52,499 $51,250 1 551,250 1 0 $51.250 1 $94,710 $52,590-54,999 $53,750 1 $53,750 1 D S53,750 1 $99,330 $55.D00 -57,499 $56,250 1 $55,250 1 0 556,250 1 $103,950 $57,500-59,040 $58,270 1 558,270 1 0 SM270 1 $107,683 Middle IncomelOver $59,041 and over $85,000 16 $1,350,000 NIA NIA NIA NIA WA {AI Total employees and wages of Ihis model 40 $2.257,838 (8) Total wa es of 40 employees @ $60,000 52,400,000 Headship rai es for Mtam,Uade Counly Very Low Law Moderale MIddMlOyer Medina Incom 548,200 41 71A 54.61% 65 9°:6 777% Average Employee Income: 560,008 3inglel2+woAarl3+Worker• Very Law Low Moderate 55.6%l37.2%R.2% 43.40.1143.451113.2% 41. fi%141.5Vl6.lI% Addllhmal income 18481402,296196 ' S7.21111our for 40 hourstweek, 52 weekstyear 1 Income Ihrestiuids Chased on area median income) 5 Heads of Household by income (taken from employees in Column 4) 2 Wages broken down in increments eT $2.500 7 Single worker households (iotai percentage, from the Censusl 3 8rkdpoint of wage ranges a Single worker household income (same as midpoint in Column 3) 4 Number of employees pmjecled to be in each wage range 9 Muki�nrprker househMds Vocal pera+olage, {rem the Census) 5 Tidal wages of all employees in each wage tango 10 MuHi.vtarker household income lmidpcim In Column 3 mulliplled by a per uentage of addilmnol income, from the Census) Worker ❑ $42.868 Income HH'a 0 $48,578 $18,246 C 0 $53.835 $18,750 C $21,250 C 0 $59.550 $23,550 C 0 365,723 very L&W ..0 0 571.438 $26,050 1 0 $77,153 $28,750 1 0 582,858 $30,02.6 4 ❑ 587.851 $31,250 1 $33,750 0 D $93,588 $34,650 0 0 $100,013 336,250 0 0 $105,728 $37,143 0 0 $111,443 $38,430 C 0 $117,158 $39,270 a 0 $122,873 Lav 0 $128.585 540,930 1 0 $133,205 $42,863 C $43,520 C $43,750 1 $46.250 1 NIA NIA $48,140 0 $48,578 0 $48,750 1 $51,250 0 $53,130 C $53,750 C $53,835 C $56,250 C $57.750 C $58.210 C Wage Ranges; Midpoint Low Income 5114,996' -17,499 516,248 317,5W - 19.999 $18,750 $20,000.22,499 $21,254 522,500.24,600 $23,550 Income $24,601 -27 499 325.050 S27,500 - 29.999r $28,750 $30,000 - 32.499 $31,250 532,500.34,999 $33,750 535,000 - 37.499 $36.250 £37,50 - 39.360 $36,430 :rate Income $39,361 - 42.494 $40,930 542.500 - 44.484 $43,750 345,000 - 47,495 $46,250 547,560-49,958 $48,750 $50,000.52,498 $51,250 $52,50-54,945 $53,750 $SS,OW - 57.495 $56,250 $57,50 -$9,040 $58,270 Middle IncomefOver $59.041 and over 585,000 (A) Total employees and wages of this mode! (B) Total wages of 100 employees A $20,600 Headship rates for Miami. Dade Cn:mly Very Low Low Moderale 41 7'h 54.5% 55 945 Smglel2-w©rkefl3t W on;er Employee Wage Distribution Very Low Low Moderale 55.6%137.2%173% 43.4 hr43-434r17.2°h 41.6`zr41.fi`%J16.8i7 Addlio-1 1- Curve Method 11-8415%02.296% ` $72 Mour for 40 hourslweek, 52 weekslyear 1 Income lhresholds {based on area me4lan income} 2 Wages broken down in Increments of 52,588 3 ivirdoni of wage ranges 4 Number or employees pru}eoled to be in each wage range 5 Tula[ wages of all emplayees in each wage range 6 Heads of Household by urcome {lakes from employees in Column 4) 7 Singla worker heusehelds (local perce4tage, from the Census) 8 Single worker household income (same as midpoint in Column 31 9 klulfworker households (focal percentage, from the Census) 10 Mulll-worker household income (midparnl in Column 3 muNpliad by a percenlage of addillonal income, from the Census) 4 Appendix 2A3 Employee Wage Distribution Bell Curve Method Ballpark Operations Seasonal New Marlins Ballpark Heads Single 2 3+ Total of Worker Worker Worker :es Wages 1{HS' HHs' Income NHs' Income NHs' income 2 532,496 1 1 $16,248 0 $30,026 0 $37,143 Housin( 3 156,250 1 1 $16,750 0 $34,650 0 $42,853 Income 4 $85,000 2 1 521,250 0 $38,270 0 548,578 $16,248 5 $117,750 2 1 523,550 0 $43,520 0 $53,835 $18.750 $21,250 6 $ti5&,300 3 1 $26,0501 548,140 1 559,550 $23,550 6 $172,500 3 1 528,750 1 $53,130 1 $55,723 V" Lorw 8 $250,000 4 2 $31,250 2 &57,750 0 ST1,438 $26,050 8 $270,000 4 2 $33,754 2 $62,370 4 $77,153 $28,750 B $290,000 4 2 $36,250 2 $66,990 0 $82,B68 530.026 a 5307,440 4 2 $35,430 2 $71,619 0 $07,851 531,250 $33.750 S $327,440 5 2 $40,930 2 $75,639 1 $93,566 $34,650 8 $350,000 5 2 $43,754 2 $80,850 1 $100,013 $36,250 6 5277,500 4 2 $46,250 2 $85,470 1 $105,728 $37,143 6 $292,500 4 2 $48,750 2 $90,090 0 $111,443 $36.430 5 5256,250 3 1 551,250 1 $94,710 1 5117,158 $39,270 4 $215,000 3 1 $53,750 1 $99,330 1 5122,873 Lcvi ' 3 $168,750 2 1 $56,250 1 3103,950 0 5128,588 $40,930 2 $116.544 1 0 358,270 1 5107,883 0 $133,205 $42,863 $43,520 $43,750 $45,250 0 30 NIA NIA NIA NIA NIA NIA NIA $48,140 $48,578 i_a 53,741,716 $48,750 $2,060,000 $51,250 553,130 $53,750 Middle)©ver Median Incom 549,208 $53,835 77.711E $56,256 Average Employee Income: 52o.6eo S57.750 6 Heads of Household by urcome {lakes from employees in Column 4) 7 Singla worker heusehelds (local perce4tage, from the Census) 8 Single worker household income (same as midpoint in Column 31 9 klulfworker households (focal percentage, from the Census) 10 Mulll-worker household income (midparnl in Column 3 muNpliad by a percenlage of addillonal income, from the Census) 4 was. Very Law Ranges Midpoint Low Income $14.996' - 17,499 $16.248 $17,500-19,999 $18,750 $20,000-22,499 $21,250 $22, MO - 24,600 $23,550 Income $24,601 • 27,499 $26,050 $27,500 - 29,999 $28,750 330,000-32,499 $31,259 $32,500 - 34,999 $33,750 $35,DD0 - 37,499 $35,250 537,506 - 39,360 $39,430 ,rale Income $39,361 - 42,499 $40,930 $42,500.44,999 $43,750 645,000-47,499 $46,250 $47,500-49,999 $48,750 $50,900-52,499 $51,256 552,500 - 54,999 $53,750 $55,000-57,499 $56,250 357,500 - 59,040 $56,270 MiddlelncomelOver $59,041andover 585,00 lA) Total employees and wages of Inns model (f3) Total wages of 15 employees 0 $45,000 Headship rates for Mlami•Cede Couniy Very Law LOW moderato 417% 54.6% 65.994 Sxulltel2-warfced3+Woncsr 4 $❑ Very Low Low Moderate 55,6W37.$95f7.2i6 43,495f4SA%113,2% 41.64$141.8%x16.085 Additional Income 1 523.550 ].848%)2.286% 0 $23,550 ' $7.211hour for 40 hourslweek, 52 weekslyear Appendix 2A.4 Employee Wage Distribution 6011 Curve Method Concessions New Marlins 6alloark Total Wages Heads of HHs' Singlc Worker HHs' Income 0 s6 0 0 $16,248 4 $❑ 0 9 518.750 6 80 0 0 521.250 1 523.550 0 0 $23,550 1 526,050 1 1 $28,050 1 $28.750 1 1 $28,750 1 $31.250 1 1 $31,250 1 $33,7$❑ 1 0 $33,750 1 $36,250 1 0 336,250 1 $38,434 1 0 $38,430 1 $40,936 1 1 $40,930 1 $43,750 1 1 $43,750 1 546,250 1 1 $46,250 R 548,750 1 0 $46,750 1 $51,250 1 0 351,250 0 $0 0 0 $53,750 ❑ 56 C 0 $56,250 0 $0 0 9 558,270 3 $255,000 NIA 15 $703,960 M,ddlel4ver 77.7% NIA MIA Median Incom $4a,2i10 Average Employee tnceme 2 a+ Worker Worker HHs' Income HHs' income 0 $36,026 0 537,143 Housing Demand 0 $34,650 0 $42,553 Income HH's 0 $35,270 0 $48,578 $16,248 0 0 $43,520 0 $53,835 $18,750 9 $21,250 0 0 $49,140 0 $59,554 $23.550 0 D $53,130 0 $65,723 Verytow, : - 0 0 $57,754 0 $71418 $26,050 1 1 $52,370 0 $77.153 $28,750 1 1 $66,990 0 382.868 $30,026 4 1 $71,019 0 $87,851 $31,250 1 $33,750 0 0 $75,639 0 593,566 $34,656 4 0 680,850 a 5160,013 335250 4 0 $85,470 0 5705,728 $37,143 0 1 $90,090 a 5111,444 $38,436 4 1 $94,710 0 5717,158 $39,270 0 0 $99,330 0 $122,873 LoW - 3 0 5103,950 0 $128,588 $40,93D 1 0 $107,683 0 $133,205 $42,863 0 543,520 0 S43,750 1 $46,250 1 NIA NIA MIA NIA $48,140 0 $48,578 p 545, 750 0 $51,250 D $53,130 0 $53,756 0 $53,835 0 556,M 6 - 545.900 $57.750 0 1 Income thresholds (leased an area median income) 5 Heads of Household b7 inome (taken From emptayeas in CO- 41 2 Wages broken dmm in crreraments or 52,509 7 Single worker housenolds (local pemenlage, from the Census} 3 Midpoint of wage ranges 8 Single worker hausrhold income (same as midpoint in Column 3) 4 Number or employees praiectad to be in each wage range 9 Mulli-warker households (local percentage, From the Census) 5 Total wages of all employees In each wage range 10 Mulli,worker hausehold income (midpoint in Column 3 multiplied by a percentage of additional income, from the Census) Wage Ranges Midpoint Low Income $14,99&' - 17,499 $16,248 517,500.19,999 519,750 MOW $21,250 $22500 - 24,600 $23,550 Income $24601 -27,499 $26,050 $27,500-29,999 $28,750 530,000-32,499 $31,250 $32,500 -34,999 $31750 $35,000-37,499 $36,250 $37,500 -39,360 $38,430 gate Income $39,361 .42,499 $40,930 $42,500 -44,999 $43.750 $45,000 - 47,499 $46,250 $47,500 -49,999 $48,750 $50,000 - 52 499 $51,250 $52,500-54,999 $53.,750 555,000-57,499 $56,250 $57,500-59,040 $56,270 MjdClio lFir, omeli $59,041 and over $65.000 IAj TolaI employees and wages of this model IBI Total wages of 125 employees a $24,000 Headship ralds lot Miarrn-Oade County Very Law LOW Maderare 41.7% 5400 654% ang[ee2-woriu,03 *Worker 10 5337,590 Very Low LOW Mpdefale 55.6%137.2".2:6 4 a 41X,r43,4%f13.2% 41.6%)41, 16,8Y" Additional income 10 5409,300 1 848%%.28856 10 5437,500 '$7- 21/hour for 40lwurslweek, 52 weekslyear Appendix 2A-5 Employee Wage I7islribuftdn Bell Curve Method Retail New Martine Ballpark Heads Singlo Total of Worker Is Wages HHs` HHs' 3 $46,744 1 4 $75,000 2 4 585,000 2 4 $94,200 2 6 51555,300 3 8 $230,000 4 10 $312,500 5 10 5337,590 5 12 5435,000 7 12 $461,160 7 10 5409,300 7 10 5437,500 7 b $370,000 5 6 $292,500 4 4 $205,000 3 4 $215,000 3 4 $225,040 3 3 $174,810 2 3 $255,000 NIA M $4,819,514 MfddleK7rer 77.7% Income Worker HHs" Income Worker HHs' Income 1 $16,248 0 $30,026 0 $37.143 ktousk 1 $18,750 1 $34,650 0 $42.863 Incornl 1 $21.250 1 $39,270 0 $48,578 516,248 1 $23,550 1 $43.520 0 $53,835 618,750 $21,250 1 $26,050 1 $48,140 1 $59,5$0 $23.550 2 $29.750 2 $53,130 0 565,723 Veryti-n`v 2 $31,250 2 $57,750 1 $71,438 $28,050 2 $33,750 2 $62,370 1 577,153 $28,750 3 $36,250 3 566,990 1 $82,868 $30,026 3 $38,430 3 $71,019 1 $87,851 $31,250 $33,750 3 540,930 3 $75,639 1 593,566 $34,650 3 $43,750 3 $80,850 1 $100,013 $36,250 2 $46.250 2 585,470 1 $105,728 $37,143 2 548,750 2 $90,090 0 $711,443 $3x,430 1 $51,250 1 $94,710 1 $117,158 $39,270 1 553,750 1 $99,330 1 $722,873 Low 1 $56.250 1 $103,950 1 $726,588 $40.930 1 $58.270 1 $107.883 0 $133,205 542,863 543,520 $43,750 546,250 NfA NIA NIA NIA NIA NIA 548,140 548.578 S48,750 $51,250 $53,130 $53,750 Median lncom $49,204 $53,835 $56,210 Average Employee Income: S24.000 $57.750 I Income Thresholds (Eased on area median income) 6 Heads or Household try n. - hake. rmm emp4oyees M Column 4} 2 Wages broken down in incrati of $2,500 7 'Single Wo114ef households {loeaf percenlaga, from the Cenwsj 3 Mldpmht of wage ranges d Single worker household income {same as midpoint in Column 3} 4 Nvmher of employees projected le be in eech wage range S Muki-Woriter heuselwlds {focal percentage, from the Clnsusl 5 Total wages of all employdes in each Wage range 10 Mohi�rker huusehdtd income (midpoint In Cvtumn 3 mul iplied W a percentage of additional income, from line Census} Hli 1 1 1 C 2 1 1 Appendix 1B Wag. very Low Ranges Midpoint Very Low Income $14,996' - 17 499 $15,248 517,500-19,999 $18,750 S20,0❑0 - 22,499 $21,250 522.500 - 24,600 $23,550 Low Income $24,601 -27,499 $26,050 $27,500-29,999 $26,750 $30,000-32,499 $31.250 $32500 - 34,999 $33,750 $35,000 - 37,499 $36,250 $37,500 - 39.360 $38,430 Moderate Income $39,361 .42,499 $40,930 $42,500.44,999 $43,750 $45,000.47.499 346,250 $47,500.49,999 $46,750 $59,000. 52,495 $51,250 $52,500 -54,999 353,750 $55,000-57,499 $56,250 557,500 - 59,040 $58,270 Middle IncomePDver $59,041 and aver $85,DW (A) Total employees and wages of Ihis model (6) Total wages of 130 employees a $55,000 Headship rales 101' Mikrrt47ade Ceunfy very Low Law Moderate 417% 54.6% 66.g1'a Smglei2-twllker8+Worker 0 $16,248 Very Low Low Moderate 55.61h1372%x7.2% 43.49[143.445113.2% 41.6%!41.6%!16.8% Addifional Income 0 $18.750 1."DW2.206% 0 542,863 ' $7.21 fhour for 40 hdurslwaek, 52 waeks)yaar Appendix 28.1 Ernpldyee Wage Distribution Control Humber Method Corporate Staff Hew Marlins Ballpark Heads Single Total of Worker es Wa es HHS' HHS' Income 2 Worker HHe Income 3t Worker Hiss' Income 1 $16,248 0 0 $16,248 0 $30,026 0 $37.143 Housing 1 $18,750 0 0 $18.750 0 $34,650 0 542,863 Income 1 521,250 0 0 $21.259 0 $3$,270 0 $48.578516,248 1 $23,550 0 D $23,550 0 WWI 0 $53,835 516,750 $21,250 2 $52,100 1 1 $26,050 0 $48,140 0 $59,559 523,550 2 $57,500 1 1 528,750 0 SS3,130 0 $65, 723 Very Lav 2 $62,500 1 1 $31,250 0 $57,750 0 $71,438$26;050 2 $87,500 1 0 $33,750 1 $62,370 0 $77,153 $28,750 2 $72,500 1 0 $36,250 1 $66.990 0 $82,868 $30,026 3 S115,290 2 1 538,430 1 $71,019 0 $87,851 $31,250 $33,750 6 $245,580 4 2 540,930 2 $75.639 0 593,566 $34,650 6 $262,500 4 2 $43,750 2 580,850 0 $10D,013 536,250 9 $416,250 5 2 $46,250 2 $85,470 2 $105,728 $37.143 12 $$85,000 6 3 $46,750 3 $90,090 2 $111,443 $38.430 12 $615.000 8 3 $51,250 3 $94,710 2 $117,158 $39,270 16 $850,000 11 5 $53,750 5 $99,330 1 $122,873 LOW 16 $900.000 11 5 $56,250 5 $103,950 1 $126,588 540.930 16 $932,320 11 5 $58,270 5 $107,683 1 $133.205 $42.863 20 51.700,000 1'�i $7,023.836 Mrdderpver 77,7% NIA NIA NA NIA NIA NIA Medan Income: $49,200 Ar -rage Employee Income: 555,000 1 [Rcanle thresholds (based on area median income) 5 Heads of Heuseftold by income (taken from tlmptoyees in Column 4) 2 Wages broken down in merements er $2,500 7 Single wcrkdr tw.sehards ([oral perenntaga, from the Census) 3 Midpoint of wage ranges 8 Single worker Iwusehold income (same as midpoint in Column 3) 4 Humber of employees pmjecued to be in each wags range 9 Muki•werker households (local peroeniage, rrbm the Cenausy 5 Tidal wages of all employees in each wage range 10 Multfworkar household income (midpoint in Column 3 multiplied by a perecrHage of additwal income, form rhe Census) .140 ,578 750 .250 .130 ,750 I Wage 2 Ranges Midpoint Low Intorno $14.998' - 17,499 $16,248 517.500-19,999 $18,750 $20,G00 - 22,499 $21,250 $22,500 - 24,600 $23,550 Invome 524,601-27,499 $26,050 $27,500 - 29,999 $28,759 $30,000-32,499 531250 532,500-34,999 $33.750 535,000-37,499 $36,250 $37.506-39,360 535,430 orate Income 539,361 -42,499 $46,930 $42,500-44,999 543,750 $45,000-47,499 $46.250 S47,500-49,999 $48,750 550,006-52,499 551,254 $52,500-54,999 553,750 $55,000- 57,499 $56,250 $57,500-59,040 $58.270 Middle IncomelOver 559,041 and over $85,040 iA) Tolal employe as and wages of $his model (8) Tolal wages of 40 employees a $80,000 -Head stlfy rales for Miami - Dade County Vary Low Lnrr Moderate 41.7% 54.6, 65.9 h Sing1el2+rmrkerf 3=4Yadu:r Very Low LDw Mod -rale 55.6%137.2%r7.2% 43.4%f43..4%113 2'A 41 .63.14 i r5"fi &-k Addrlonal Income 1.54 % 2,265%. ' $7.211hour for 40 hourslweek. 52 weaksiyear I income thresholds (Cased on area median income) 2 Wages broken dawn in ocremenis of S2,500 3 Wdpornt of wage ranges 4 Number or employees pfojecied to be in each wage range 5 Total wages of all employees a each wage range Appendix 28.2 Employee Wage Distribution Control Number Method Ballpark Operations Full-time New Marlins Ballpark Heads Sing Tatar of Work s Wages HHs' HH• 1 $76,248 p 1 $18,750 0 1 $21,250 b 1 $23.554 0 1 $26,050 1 1 528,750 1 1 $31,250 1 f $33,750 1 1 536,250 1 1 $3E 430 1 1 $40,939 1 1 $43,754 1 2 $92,500 1 2 $97,%0 1 2 $102,500 1 2 $107,500 1 2 $112,500 1 2 $116,540 1 16 $1,360,000 MA MIA NIA NIA NIA 40 $2,347,998 52,400.000 MidtltelOver Median Income: $49,200 77.7 Average Employee income: 86f3,fYW B Heads of Household by income [taken from empkryeas in Column 41 7 Single worker hadseholds [local pe rnenlagd, from the Census) 8 Single worker hausahotd Income {same as m+dpoiM h1 Column 3) e Multi -worker households. (local percenlage, from the Census) 10 NiOi�worl ew household income (midpoint in [.Wumn 3 mulf.prred by a percentage of additional income, from the Can sus) 3+ Worker HH s" Income 0 $37.143 2 0 $42,863 Worker Income "Hs, Income 0 $16,246 0 530.028 0 $18,750 0 $34,650 0 $21,250 0 $39270 0 523,550 0 $43.520 1 S26,050 0 $48,140 t $28,750 0 $53,130 1 $31,250 0 857,750 0 $33,750 1 882,370 Cl $36.250 1 566,990 0 538,430 1 $71,019 1 $40,930 0 575.639 1 $43.750 0 $80,850 1 $46,250 0 585,470 1 $48.750 0 590;090 0 $51,250 S 594.710 0 $53,750 1 599,330 0 558,254 1 SI03,950 0 S58,270 f $707,683 16 $1,360,000 MA MIA NIA NIA NIA 40 $2,347,998 52,400.000 MidtltelOver Median Income: $49,200 77.7 Average Employee income: 86f3,fYW B Heads of Household by income [taken from empkryeas in Column 41 7 Single worker hadseholds [local pe rnenlagd, from the Census) 8 Single worker hausahotd Income {same as m+dpoiM h1 Column 3) e Multi -worker households. (local percenlage, from the Census) 10 NiOi�worl ew household income (midpoint in [.Wumn 3 mulf.prred by a percentage of additional income, from the Can sus) 3+ Worker HH s" Income 0 $37.143 Housing Demand 0 $42,863 Income HH's 0 $48,5713 $16,248 0 0 $53.835 $18,750 0 $21,250 0 0 $59,550 $23„550 0 0 $65,723 V6rybdw. p 1 $71,438 $26.050 1 0 $77,153 S2B,750 1 0 $82,886 530,026 0 0 $57,651 $31,250 1 $33,750 C 0 $93,566 S34,650 0 0 $100,013 $36,250 0 1 $105,728 537,143 0 0 $111,443 $38,430 0 0 $117,158 $39270 C 0 $122,673 Live+'`'rte'- 0 $128,588 $40,930 1 0 $133,205 $42.863 C $43,520 0 $43,750 I $46,250 I NIA NIA $48,140 0 $48,578 C $48,750 1 S51,250 C 553,130 C $53,750 C $53,835 C 556.250 C •• $57,754 C 558.270 C Wage Ranges Mi!d olnt Very Low Income $14,$96' -17,499 $11 $17,500 -19,999 $16.750 $20,000 - 22,499 $21.250 $22,500 - 24.600 $23,550 Low tncame $24,501 - 27.499 526,050 $27,$00-29,999 $28.750 $30,000 - 32,499 831.250 $32.500 - 34,999 $33,750 $35,000 - 37.499 $36,250 $37.500 - 39.360 $38.430 Moderate Income $39,361 -42,499 $40,930 $42.`.10.44,999 543.750 $45,00❑ - 47,499 $46.250 $47.500 - 49.999 $48,750 $50,000.52,499 $51,250 $52.500.54.999 $53,750 $55,000.57,499 $56,250 $57.MO.59,040 $54,270 MiddlelncomelOver $59,041 and over $$5,000 (Al Total employees and wages of this model (B) Total wages of 100 employees n $20,11 Headship rales for M,annF Dad. County Very t_aw Low Moderate 41 7` 54 E% 85.0--4 Singler2-workeg3+W orker Very Low Low Moderate 55.6Yda7295172% 41AW43.4%013.21b 41.8h741.6'hi16.Bi5 Additional Inaome 1 846%112.286`h `$7 2VIhour for 40 hourslweel; 52 weekslyear Appendix 2B.3 Employee Wage Distribution Control Number Method Ballpark Operations Seasonal New Marlins Ballpark Heads Single 2 3+ Total of Worker Worker Worker AS Wages HHs' HHs' Income HHs' Income HHs' Income 32 $519,936 13 7 $15,246 5 $30,026 1 $37,143 Housin 32 $600,000 13 7 518,750 5 534,650 1 542.863 Income 10 52 12, 500 4 2 $21.250 1 $39,276 1 $48.576 716,248 10 5235,500 4 2 $23,550 1 $43,520 1 $53,835 $18,750 $21,250 4 5104,200 2 1 $26,050 I 548.140 0 $59,550 $23.550 3 $88,250 2 3 $93,750 2 1 $28.750 1 531,250 1 553,136 1 557.750 0 565,723 0 571.436 Very Low $26,050 2 $67.500 1 1 $33,750 0 562,370 0 577,153 $28.750 2 $72,500 1 1 $36,256 0 566,990 0 582.868 $30126 2 $76.860 1 0 538.430 1 571,019 0 $87,851 $31.250 $33,750 0 $0 0 0 $40,930 0 575,639 0 593,566 534,650 0 SO 0 0 543,750 0 $80,850 0 3100.613 $36,250 0 $0 0 0 $46,250 0 585,470 0 5105.728 $37.143 0 $0 0 0 $48,750 0 $90,090 0 5111.443 $38430 0 s0 0 0 $51,250 0 $94,710 0 S117A58 $39.270 0 s0 0 0 $53,750 0 $99,330 0 $122.873 Li. - 0 $6 0 0 $56,250 0 5103,950 0 $128,588 $40,930 0 $0 0 0 $54,270 0 3107,683 0 $133,205 542.863 0 s0 100 52.068,9% Mrddlelover 77.71E NIA NIA NIA NIA NIA NIA Median IrlCeme: 4451,20 Avorage Employee Income; $20,1= 1 Interna ihrasholi (based on area medtan movie E Heads of Household by income (taken from employees in Column 4) 2 +Ragas broken drawl m ineremenls or 32,500 7 Single Worker househotd5 (Iacal percentage, from the Cor i 3 vidpomi of wage ranges 8 Single worker household income (same as midpolnl ill Column aj 4 Number o1 empWyees lomleded to he in each wage range 9 Mulltwedler households (local percentage, from the Census] 5 Total wages of all employees in each wage range 113 MWti-worker hau Behold income (midpoint in Column 3 mullipired by a percentage of addillonai Income, frem the Census) 140 578 7S0 250 130 ,750 Wage 2 Ranges MidQointt Law lneoma $14,956', 17,495 $16.248 $17,500-19,999 Si8350 520, 006 - 22.499 $21.250 $22,504-24,600 523.550 Income $24,541 _27,495 526.050 527,540-25,999 528,750 $30,004-32,4.99 $31,250 532,500-34,999 $33,750 535,000-37,499 536.250 537,504-39,360 538.430 orate In came $39,351 -42,499 $40.930 342,500-44,999 543,750 $45.000 - 47.499 346.250 547.500-49,999 548,750 550,000-52,499 $51,250 °$52,500 - 54,999 $53.750 555.000-$7,499 $56,250 $57.500-59,040 $56,270 Middle lncornalOver S59,041 and over 585,000 (A) Total employaes and wages of trlis mo0et jB) Total wages of 15 employees (P 545,060 Headship rales for Miami -Dade County 2 Very Lour Low Moderate 41.7% 54.6116 65.9% 6irtglrll2wrorkir03+Worker 0 $30,026 Very Low Low Moderale 55.6%f37.2%f7.2-k 43.4W434%1132% 41.6N:74i.6%06.81,4 Additional Income 0 $43,520 1.1340W2 266% 0 $49,140 ' S7.21Ihaur for 44 hours/weak, 52 weeksryear Appendix 29.4 Employee Wage Vislribution Control Number Method Concessions New Martins Ballpark Heads Sing Total of Wadi :5 Wages HHs' HMi 0 $0 0 3D 0 1 $21,250 0 1 523,556 6 1 $26,650 1 1 $28150 1 1 $31,250 1 1 333,7M 1 1 536,250 1 1 $38,430 1 1 $40,930 f 1 $43,750 1 1 $46,250 1 1 548,750 1 0 $0 0 0 SD 0 0 $0 0 0 30 0 3 $255,404 ,},5_ 5673,960 Worker HHS, Income 0 $37,143 Housing 0 542,863 Income 0 $48,576 $16,248 0 553,835 $18,750 $21,250 0 859,550 $23,550 0 $65,723 VeorLow 0 571,438 $26.050 0 $77.153 .$26.750 0 362.868 $30.026 0 387.851 $31,250 $33,750 0 393,566 $34,650 0 $.100,013 $36.250 0 $105,7283.37.143 0 $111.443 $38,430 0 $117,158 $39770 0 $122,873 Low 0 $128,586 €40,930 0 $133,205 $42,863 NIA NPA NIA NIA NIA NIA MlddFOC-r Median ?mom.: 543,201) 77.7% Average Employee Income: 545,000 '*• 1 Income lhreshalds (based an areal median Income) 6 Heads of Ftousaheld by ine.me (taken from employees in Column 4) 2 Wages Draken doom In moremenls of 52,500 7 Single worker households (I4C41 percentage, from the Census) 3 Midpoint of wage ranges 8 Single worker household incom. (same as midpoint in Cokmin 3) 4 Number of employees projected lobe in each wage range 9 Multi worker households {locar percentage, fnom the Census) 5 Total wages of all amployees in each wage range 10 Murti orker household Income (midpoint in Column 3 multiplied by a percentage of addillanal income, from the Census) ,754 ,250 ,140 ,578 750 250 .130 ,750 ,835 ,251 .750 4 1 1 0 i 2 Worker Income HHs• Income 0 $16,248 0 $30,026 D $18,756 0 $34,650 0 $21.256 0 $39,270 4 323.550 0 $43,520 1 526,054 0 $49,140 1 $28.754 0 $53.139 1 $31,250 0 $57,750 0 $33,750 1 562,370 0 536,250 1 566,994 0 $36,430 1 571,019 1 $40,936 0 575,639 1 $43.750 0 $80,854 0 $46,250 1 $85.470 0 $48,754 1 590,094 0 $Si,250 0 594,710 0 $53.750 0 $99.330 0 $56.,254 0 $103.950 0 $58,270 0 3107,683 Worker HHS, Income 0 $37,143 Housing 0 542,863 Income 0 $48,576 $16,248 0 553,835 $18,750 $21,250 0 859,550 $23,550 0 $65,723 VeorLow 0 571,438 $26.050 0 $77.153 .$26.750 0 362.868 $30.026 0 387.851 $31,250 $33,750 0 393,566 $34,650 0 $.100,013 $36.250 0 $105,7283.37.143 0 $111.443 $38,430 0 $117,158 $39770 0 $122,873 Low 0 $128,586 €40,930 0 $133,205 $42,863 NIA NPA NIA NIA NIA NIA MlddFOC-r Median ?mom.: 543,201) 77.7% Average Employee Income: 545,000 '*• 1 Income lhreshalds (based an areal median Income) 6 Heads of Ftousaheld by ine.me (taken from employees in Column 4) 2 Wages Draken doom In moremenls of 52,500 7 Single worker households (I4C41 percentage, from the Census) 3 Midpoint of wage ranges 8 Single worker household incom. (same as midpoint in Cokmin 3) 4 Number of employees projected lobe in each wage range 9 Multi worker households {locar percentage, fnom the Census) 5 Total wages of all amployees in each wage range 10 Murti orker household Income (midpoint in Column 3 multiplied by a percentage of addillanal income, from the Census) ,754 ,250 ,140 ,578 750 250 .130 ,750 ,835 ,251 .750 4 1 1 0 i Wage Ranges Midpoint Very Low Income (14,996'- 17,499 516,24A 817.500 -19,999 $19,750 $20,000 -22,499 521,250 522,500-24,690 523,554 Low Income $24,601-27,499 526,054 $27.500 -29,999 $28,750 $30,000-32,499 531,250 $32,500-34,999 $33.750 $35.000 -37,499 $36,250 $37,500-39,360 $38,430 Moderate income $39,361-42,499 $40.934 $42.500-44,999 $43,750 $45,000-47,499 $46,250 $47,500-49,999 $48,754 $50,000-$2,499 $51.250 $52,500-54,999 $53,754 $55,400-57,499 356,250 $57,500-59,040 $58,270 Middie lncomelOver 559,041 and aver $85,000 (A) Total employees and wages of this model (B) Tolal wages of 125 employees a $24,000 Headship rates for Mia ni LDade County Very Law Law Moderatt 417% 54.6% 65.9% SingIe12-wofker73+Werker Very Law Law Modomle 55.6%%1.295,17256 43.4fd43 4W13.2e5 41,6%141,6'hI96,655 AdMuonal Income 1.848%0-286% . $7 21R1our for 40 hourslweek, 52 weekslyaar 1 Income threshdds [based on area median income) 2 Wages Broken down m increments of 52,500 3 Mrdpoinl of wage ranges 4 Number cr employees projected to he In tach wage sang¢ 5 Tdfal wages of all employeas in each wage range Appendix 28.5 Employee Wage Vistndution Control Number Method Retail New Marlins Ballpark Heads Single 2 Total of Worker Worker as Wages HHs` HHs' Income HHs` Income 25 $406,200 10 6 51&,248 4 $30,026 25 We. 750 10 6 518,754 4 $34,650 22 $467,500 9 5 521;250 3 539,270 20 $471.000 8 3 523,550 3 $43,520 10 $260,500 5 2 $26,050 2 $48,140 S 5230,000 4 2 $28,750 2 $53130 5 S156,250 3 1 $31,264 1 $57,750 2 $67.500 1 1 $33,750 0 $62,370 l 536,250 1 1 336,250 0 $66,990 1 338,430 1 0 S38,430 1 $71,019 1 540,930 1 1 $40,930 0 $75,639 0 $o 0 0 $43,750 0 $80,850 1 $46,250 1 1 $46,250 0 $85,470 0 30 0 0 34B,750 13 $90.090 1 $51,250 1 0 $51,250 1 S94,710 0 s0 0 0 $53,750 0 $99,330 0 s0 0 0 358,250 0 $103,950 0 so ❑ 0 $58,270 0 $107,663 3 $255,000 NIA NO NIA NIA NIA 125 $2,555.810 MiddlefOver Median Income: i64.20g 77711. Average Employee Income: $24,000 6 Heads of (Household by Income (taken from employees in Column 4) 7 Single worker housahat9s [fatal pemonlage, from the Census) 8 Single worker housenold income, isame as midpoint in Column 3) 9 Multi -worker households (local percentage, from (he Census) 10 MulliJ orker household rr"ma (midpoint in Column 3 multiplied by a pereen[age of additional income, from the Census) Worker HHs' Income 0 $37.143 Housin 0 $42.663 Income 1 $48,578 316,248 2 $53,835 $18,750 $21,250 1 $59..550 $23,550 4 $65,723 Very Low 1 $71,438 $26,050 0 $77,153 $28.750 0 $92.868 $30,026 0 $87,851 $31,250 $33,750 0 593,566 $34,650 0 $100.013 $36.250 0 5105,728 $37,143 0 $111,443 $38.430 0 $117,156 $39,270 0 5122,873 Low 0 5128,588 $40,930 0 $133,205 S42.863 $43.520 $43,759 $46,250 NIA NIA $48.140 $48,578 $48.750 $51.250 $53,130 $53.750 S53,835 $56,250 $57,750 i 1 4 1 0 7 2 1 0 Appendix 2 Source: Miami Economic Associates, Inc. Appendix 2 Driving Times Proposed Marli6s' Ballpark AM Peak PM Peak Travel Travel Point Route Dates Time Time Time Time A NW 17th Avenue 12/18/2008 7:30 18 4:30 19 12/19/2008 8:15 20 5:15 19 B NW 17 Avenue 12/1612008 7:50 16 5:00 18 SR 836 12/17/2008 825 17 4:45 17 C NW/SW 17 Avenue 12/16/2008 7:45 19 4:15 19 us 1 12/17/2008 8:20 20 5:20 20 D NW 17 Avenue 12/18/2008 7:25 17 4:45 18 SR 836 12119/2008 8:30 18 5:25 19 Source: Miami Economic Associates, Inc. Appendix 3 k Appendix 3 Calculation of Monthly Rent Threshold Amounts Source: Miami Economic Associates, Inc, Monthly Monthly Housing Cost Utility Housing Rent Income Threshold Allowance Threshold Very Low Income $14,123 $353 $32 $321 $,15,811 $395 $32 $363 $18,750 $469 $32 $437 $21,250 $531 $42 $489 $23,550 $589 $42 $547 Low I ncome $26,050 $651 $42 $609 $26,099 $652 $42 $610 $28,750 $719 $42 $677 $29,219 $730 $42 $688 $31,250 $781 $54 $727 $32,285 $807 $54 $753 $33,750 $844 $54 $790 $34,650 $866 $54 $812 $36,144 $904 $54 $849 $36,250 $906 $54 $852 $38,430 $961 $54 $907 $39,270 $982 $54 $928 Moderate Income $40,930 $1,023 $69 $954 $42,863 $1,072 $69 $1,003 $43,520 $1,088 $$69 $1,019 $43,750 $1,094 $69 $1,025 $46,250 $1,156 $69 $1,087 $48,140 $1,204 $69 $1,135 $48,578 $1,214 $72 $1,142 $48,750 $1,219 $72 $1,147 $51,250 $1,281 $72 $1,209 $53,130 $1,328 $72 $1,256 $53,750 $1,344 $72 $1,272 $53.835 $1,346 $72 $1,274 $56,250 $1,406 $72 $1,334 $57,750 $1,444 $72 $1,372 $58,270 $1,457 $72 $1,385 Source: Miami Economic Associates, Inc, Appendix 3 Calculation of Utility Allowances by Unit Type Efficiency Heating 1 AIC 10 A1C Rev. Cycle 13 Cooping 4 Water Heater 15 Other Electric 5 Total Heat 25 Total AIC 34 Total AIC Rev. Cycle 37 Average: Heat & A1C 30 Average All Three 32 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 2 2 3 3 14 20 26 33 17 24 30 37 6 8 10 12 20 26 34 41 5 5 5 5 33 41 52 61 45 59 75 91 48 63 79 95 39 50 64 76 42 54 69 82 Source: Miami -Dade County HUD; Miami Economic Associates, Inc. Appendix 4 Compare Homeowner's Insurance Rates Page] of2 C� http://shopandcoj,nparetates.com/HOCompareRates.htm 1/71?()()Q was. 4• Select a dMarml raueg example The average approeed rates listed on Wis page are for the INJOVAN structure: $150,000 Pre -2001 construction Qoycr qr WcheQ Suit in 197. Flar� nutonly thorn, mkm a current MPIWwrent glue al sl5.O:ow a $�-00 F-,w4wrnc&�A� Promdon axamptes are avow n oolft no A&-kd rrlti Maur" and vAth maodmrn vMel ffu*aton fuhaas- NOM THIS IS BEING PROVIDED FOR COMPARISON PURPOSES ONLY TO DEMONSTRATE THE IMPORTANCE OF SHOPPING FOR INSURANCE QUOTES. lniLurzwa compan" Wsled below may nal be %vrzting now business in 4116ountl". CitizRn5, PropertV Insuraaca Corporation m writing in Asj counuc3. INSTRUCTIONS: GNCk or, the name W w ia=?ancxccxrpw.y for ;al,s in every ccunty, home 4# http://shopandcoj,nparetates.com/HOCompareRates.htm 1/71?()()Q Compare Homeowner's Insurance Rates (printable format) Pape 1 of Compare Homeowner's Insurance Rates (printable format) [print this page] The average approved rates listed on this page are for the following structure: $150,000 Pre -2009 Construction Built in 1990. Florida masonry home, with a current replacement value of 5150,000, a $500 non -hurricane deductible, a 2% hurricane deductible,. and no claims in the past 3 years. Premium examples are shown with no wind mitigation features and with maximum wind mitigation features. NOTE., THIS IS BEING PROVIDED FOR COMPARISON PURPOSES ONLY TO DEMONSTRATE THE IMPORTANCE OF SHOPPING FOR INSURANCE' QUOTES, Insurance companies listed below may not be writing new business in all counties. Citizens Property Insurance Corporation is writing in all counties. Miami -Dade County http.//shop,ancicomparcrates.conVHOCountyRates Print.htm 1 /71 0nQ Rate w/ Rate w/ N Company Name no wind max wind mitigation mitigation Florida Farm Bureau Casualty Insurance Company 5760 S.W. 34th Street Gainesville, FL 32648 1 (866) 275-7322 $7,392 $619 http://www.flor)dafarmbureau.com NOTE: This company may not be wnting in this county. Southern Fidelity Insurance Company 2255 Killearn Center Blvd., Ste. 101 2 Tallahassee, FL 32344 $2,721 $2,314 (866) 874-7342 http://www.soutmernfidetityins.rom NOTE: This company may not be writing in this county, Peoples' Trust Homeowners Insurance 6001 Broken Sound Pkwy, Suite 510 3 Boca Raton, FL 33487.2766 52,772 5i,58a (888) 524-6003 http:l f W ww. pea pl e5tf ust it iSu ra nc e -coin NOTE: This company may not be writing in this county. Edison Insurance Company 9800 4th Street North, Suite 307 4 St, Petersburg, FL 33702 s2,989 $1,787 Visit website http://www,edisonline, net NOTE: This company may not be wnttag in this county. Tower Mita Preferred Insurance Company 7201 N.W. 11th Place 5 Gainesville, FL 32605 $3,101 $1,814 (800)342-3407 http:t/www.thig.com NOTE: This company may not be writing in this county, Florida Peninsula Insurance Company 1300 Sawgrass Corp, Pkwy., Suite 30'3 6 Sunrise, FL 33323 $3,150 $1,186 (877) 904-3973 http://www,flonda-peninstila.com/ NOTE: This company may not be writing in this county. Tower Hill Prime Insurance Company 7201 N.W. 11th Place 7 Gainesville, FL 32605 53,183 51,582 (800) 342-3407 http://www.thig.com NOTE. This company may not be writing in this county. Liberty Mutual Fire Insurance Company 8 To fines a sales office in your area, please visit our website. $3,285 51,373 http://Yy,ww.libertymutuat.com NOTE: This company may not be writing in this county. http.//shop,ancicomparcrates.conVHOCountyRates Print.htm 1 /71 0nQ Compare Hotneov ner`s Insurance Rates (printable t'ormat) Pace 2 of .3 hitp.//shopandcomparerates.com[H©CountyRates_Print.htm 1/70009 009 Avatarinsutance 1408 North Westshore Blvd., Suite. 805 9 Tampa, FL 33607 (877) 233-3237 -'2' `'1 57' http://www.avatarTns.com NOTE: This company may not be writing in this county. Universal Insurance Company of Horth America 101 Arthur Andersen parkway, Ste. 22.0 10 Sarasota, FL 34232 (941) 378-8851 i3'4"32 32 $2 1.58 http://www.uicna.com NOTE: This company may not be writing in this county. St. Johns Insurance Company, Inc. 6675 Westwood Blvd., Ste. 360 11 Orlando, FL 32821 (800) 748.2030 53,742 $1,94? httis://www.si johnsinsurance.com NOTE: This company may not be writing in this county. Olympus Insurance Company 6675 Westwood Blvd,, Suite 360 12 Orlando, FL 32821 $3,702 $1,947 (800) 711.9386 http://www.oign.com NOTE: This company may not be vorihng in this county. American Traditions Insurance Company 1578 Lakeview Rd. 13 Clearwater, FL 33756-3648 $3,724 $2,132 (727) 561-0013 ext. 142 http: //www.le rge—c) a. Corr, NOTE: This company may not be venting in this county. Southern Oak Insurance Company 76 S. Laura Street, Suite 1742 14 Jacksonville, FL 32202 53,897 52,595 (877) 900-3971 http,.//wmm.southemoakins.com NOTE: This company may not be writing in this county. First Floridian Auto and Hayne Insurance Company 7840 Woodland Center Blvd. 15 Tampa, FL 33614 53,900 $1,508 (800)252-4633 http:y/www.travelersfl.com NOTE: This company may not be writing in this county. Citizens Property Insurance Corporation 101 N Monroe Street, Ste. 1000 16 Tallahassee, FL 32301 $3,913 $2,530 visit website http : //www. GbZFnS}1 d. CGrrl Allstate Floridian Insurance Company 2775 Sanders Rd, 17 Northbrook, IL 60062 $3,994 $1,613 (800) ALLSTATr bttp://www.alistate.com NOTE: This company may not be writing in this County. Tower HIII Select Insurance Company 7201 N. W, 11th Place 18 Gainesville, FL 32605 $4,000 $2,110 (800) 342.3447 http://www.thig.com NOTE: This company may not De writing In this county. Homewlse PreFerried Insurance Company 18302 Highwoods preserve Pkwy, Suite 110 19 Tampa, FL 33647 54,025 53,165 (813)202-8600 http://vvww,homewise.nsurance.com NOTE: This company may not be writing in this county. Security First insurance Company 140 South Atlantic Avenue, Ste. 400 20 Ormond Seach, €L 32176 54,052 52,334 (888) 729-4941 http:llwww. Secu my F i rstF lorida .cam NOTE: This company may not be writing in this county. Pace 2 of .3 hitp.//shopandcomparerates.com[H©CountyRates_Print.htm 1/70009 009 Compare Homeowner's insurance Elates (printable fon-oat) Page 3 of 3 Nate: The listing of an insurance company on this site does not constitute an endorsement by the Office of the Governor or the Office of Insurance Regulation. The rates provided here do not include surcharges or discounts that may apply to a particular policy. Actual premiums may vary. http://shopandcomparerates.com/HOCountyRates Print.htm 1/7/2092 Universal Property & Casualty Insurance Company 1110 West Commercial Blvd. 21 Fort Lauderdale, FL 33304 54,94! 51,610 (800) 218-3206 http;//univer5alproperty.com NOTE. This company may not be writing in this county. ASI Assurance Corp. 805 Executive Center Drive 'Nest, Ste. 300 22 St. Petersburg, FL 33702 ss' 81 52,583 (727)821-8765 http:l/www.amencanstrategtc.com NOTE: This company may not be writing In this county. United Property & Casualty Insurance Company, Inc. 700 Central Avenue, Ste. 302 23 St. Petersburg, FL 33701 $5,24' $2,792 (800) 861-4370 http://viww.upcic.com, NOTE: This company may not be writing �n this county. Royal Palm Insurance Company 140 South Atlantic Avenue 24 Ormond Beach, FL 32176 $5,242 $2.753 (865) 351-3055 http:l/www.rpinsurartce.com NOTE: This Company may not be writing in this county. Auto Club Insurance Company of Florida 14055 ftiveredge Drive, Suite 500 25 Tampa, FL 33637 $5,372 $2.005 (877) 288-4546 http,.Ilwww.aaasouth.com/inStirance.asp?ln$Prod = home NOTE., This Company may not be writing rn this county. State Farm Florida Insurance Company 7401 Cypress Gardens Blvd. 26 Winter Haven, FL 33888 55,825 $1,901 v visit website http://www.statefarm.com MOTE. This company may not be writing in this county. Page 3 of 3 Nate: The listing of an insurance company on this site does not constitute an endorsement by the Office of the Governor or the Office of Insurance Regulation. The rates provided here do not include surcharges or discounts that may apply to a particular policy. Actual premiums may vary. http://shopandcomparerates.com/HOCountyRates Print.htm 1/7/2092 Appendix 5 Appendix 5 Calculation of Affordable Home Prices The amount that a household can afford to pay for a home is dependent on the amount of money it has to pay debt service on the mortgage it requires to acquire the home. This amount is equal to 30 percent of household income fess the cost to insure the home and the real estate taxes levied against. However, insurance cost and real estate taxes are a function of home value. Given the interrelationship between these various numbers, it is possible t❑ set up an algebraic equation that solves for value and then, on a derivative basis, enables insurance cost and real estate taxes to be calculated. The equation is as follows: 95X = AHC — REtaxes — Propins. — Mortlns.lpebt Service Constant In this equation: X = Home Value 95X = Mortgage Amount (The analysis assumes a 95% mortgage.) AHC = Affordable Housing Cost (30% of household income) Note- For the purpose of this analysis, AHC at the upper end of each income range is as follows Monthlv Annual Very Low Income $615 $ 7,380 Low Income $984 $11,808 Moderate Income $1,476 $17,712 Retaxes =.01946(X-$50,000) Note: The average millage rate in portions of Miami -Dade County within the Housing Supply Area approximates 19.46!$1,000 of taxable value. The taxable value for the purpose of this analysis assumes that the home qualifies for the $50,000 Homestead Exemption. Propins. = .024X Note: The insurance rate in Miami -Dade County is $261$1,000 of insured value. The analysis assumes that the insured value is 80 percent of the home value, making the effective rate $2.1.001$1,000 of total home Value. Morons. =.008X Note: The cast of private mortgage insurance approximates 0,8 percent of Home Value, according to mortgage brokers interviewed. Debt Service Constant =.072 Note: The analysis assumes a 30 -year mortgage at an interest rate of 5.25 percent. The pay rate on such a mortgage, inclusive of interest and loan amortization, would be 6.6 percent. The following is the computation done for Very Low Income Households: 95X = $7,380 -.01946(X-$50,000) -.021X -.008X /.066 95X = $7,380 -.01946X + $973 -.021X -.008X/.066 0627X = $7,380 -.01946X + $973 -.021X -.008X 0627X = $8,353 -.01946X -.021X -.008X 0627X+ .01946X + .021X + .008X = $8,353 11116X = $8,353 X = $75,144 Based on the value of $75,144, the monthly amounts for real estate taxes and insurance are calculated as follows: Monthly Real Estate Taxes = {.01946*($75,144 - $50,000)}/12 = $41 Monthly Property Insurance = (.021*$75,144)/12 = $131 Monthly Mortgage Insurance = (.008*$75,144)/12 = $50 The computations done for Low Income and Moderate Income households are as follows: Low Income Value .11116X = $11,808 + $973 X = $114,978 RE taxes (.01946*$114,978 - $50,000)/12 (Monthly) $105 Property (.021*$114,978)/12 Insurance $201 (Monthly) Mortgage (.008*$114,978)/12 Insurance $76 (Monthly) Moderate Income .11116X = $17,712 + $973 X = $168,091 (.01946*$168,091 - $50,000)/12 $192 (.021 *$168,091)/12 $294 (.008*$168,091)/12 $112 Appendix 6 Source: McCabe Reserarch & Consulting, 3rd Quarter 2008; Miami Economic Associates, Inc. Vacant Units Appendix 5 Two or More Efficiency Bedroom Inventory of Rental Apartments by Property 0 0 New Marlins Ballpark 0 0 2(M) 0 0 Rental Rates 0 2(L) Zip Total Unit 1(M) Project Address Code Units Type Rent Summer Grove 10331 Coral Way 33165 116 1 B $965 0 0 25(M) 0 2B $1,150 - 1,250 0 0 1(M) , 0 3B $1,350 Green Briar Apartments 9639 Coral Way 33165 332 1 B $885 0 0 3(M) 0 2B $1,000 Coral Haven Apartments 10255 SW 24 Street 33165 232 1 B $950 0 0 4(M) 0 2B $1,085 0 0 0 0 3B $1,195 Fountainebleu Milton 9517 Fountainebleu Blvd. 33172 1,235 1B $909-1,103 2B $918-1,269 3B $1,380 Sundance Village 11325 NW 7 Street 33172 304 2B $1,125 3B $1,225 Rio Apartments 8855 Fountainebleu Blvd. 33172 293 1 B $900 2B $1,025 3B $1,060 Birchwoods 8940 NW 8 Street 33172 330 1 B $950 2B $1,075 - 1,180 Vista Verde 10495 SW 14 Terrace 33174 302 1 B $995 2B $1,100 - 1,295 Airport Paradise 5180 NW 7 Street 33146 101 1 B $875 2B $995 Ludlum Point 6880 SW 44 Street 33155 205 1B $1,085 - 1,095 2B $1,300 Source: McCabe Reserarch & Consulting, 3rd Quarter 2008; Miami Economic Associates, Inc. Vacant Units One Two or More Efficiency Bedroom Bedrooms 0 0 0 0 0 2(M) 0 0 1(M) 0 2(L) 0 0 0 1(M) 0 1(M) 0 0 0 0 0 0 0 0 5(M) 0 0 0 25(M) 0 0 2(M) 0 0 1(M) , 0 0 1(M) 0 0 0 0 0 1(M) 0 0 3(M) 0 1(M) 0 0 0 1(M) 0 1(M) 0 0 0 4(M) 0 3(L) 0 0 0 0 0 0 0 0 0 1(M) Appendix 7 Very Low Income RealQuest.com ® - Report One -line Report Records: 1 - 40 # Address 1 1990 NW 4TH CT 5 2 8430 NW 8TH ST A3 3 40 NW 87TH AVE D209 4 201 NW 7TH ST 202 5 1250 S MIAMI AVE 1408 6 9363 FONTAINEBLEAU BLVD H237 7 7841 DUNHAM BLVD 6 ' 8 1766 NW 84TH ST 9 5085 NW 7TH ST 411 10 3410 CORAL WAY 304 11 401 NW 72ND AVE 106-B 12 7800 NW 2ND AVE 201 13 226 NE 56TH ST 14 9373 FONTAINEBLEAU BLVD K206 { 15 5199 NW 7TH ST 114 16 9351 FONTAINEBLEAU BLVD 8207 17 2145 NW 85TH ST 18 210 SW 11THST610 19 10871 NW 7TH ST 13-24 20 1083 NW 65TH ST 21 4115 SW 98TH CT 22 1515 NW 33RD AVE 23 9725 FONTAINEBLEAU BLVD A205 24 2355 NW 91 ST ST 25 8615 NW 5TH TER 14-104 i 26 133 NE 2ND AVE 1515 27 2416 NW 88TH ST 1 28 3225 NW 5TH AVE 29 8230 SW 41 ST ST 30 1749 NE MIAMI CT 512 31 1830 NW 69TH TER 32 2000 N BAYSHORE DR 301 33 1731 NW 76TH ST 34 5428 NW MIAMI PL 35 6500 NW 17TH AVE 36 1037 NW 24TH ST 37 2246 SW 6TH ST 38 1841 NW 86TH TER 39 3500 SW 87TH PL 40 3071 NW 69TH TER ZIP 33136 33126 33172 33136 33130 33172 33138 33147 33126 33145 33126 33150 33137 33172 33126 33172 33147 33130 33172 33150 33165 33125 33172 33147 33126 33132 33147 33127 33155 33132 33147 33137 33147 33127 33147 33127 33135 33147 33165 33147 Page 1 of 1 Displaying Page : 1 2 3 of 3 [ > ] Sale Date Sale Price Bed 09/09/2008 $15,000 3 02/07/2008 $19,000 2 02/18/2008 $19,400 2 04/17/2008 $20,000 2 10/25/2007 $20,000 1 03/05/2008 $23,000 1 08/12/2008 $25,000 2 01/10/2008 $30,000 1 10/30/2007 $30,800 1 06/11/2008 $31,000 1 04/04/2008 $31,000 2 02/29/2008 $32,000 1 07/21/2008 $36,000 1 10/30/2007 $37,000 1 10/25/2007 $37,700 2 01/25/2008 $38,000 1 04/10/2008 $42,000 3 02/22/2008 $42,500 2 07/18/2008 $43,000 3 08/27/2008 $44,500 3 12/13/2007 $45,000 3 .02/25/2008 $45,000 '3 08/12/2008 $45,400 2 03/21/2008 $48,500 2 05/08/2008 $49,000 1 02/22/2008 $49,900 09/10/2008 $50,000 2 06/16/2008 $50,000 4 06/172008 $50,000 3 11/28/2007 $50,000 07/01/2008 $50,000 3 12/28/2007 $50,000 2 11/01/2007 $50,000 2 03/26/2008 $50,000 2 03/06/2008 $51,000 2 06/06/2008 $51,500 2 10/12/2007 $51,700 2 09/04/2008 $52,000 2 05/25/2008 $52,000 3 04/15/2008 $54,000 2 http://www.realquest. com/j sp/report. j sp?&client=&action=conflim&type=getreportcs&rep... 1/18/2009 RealQuest.com eC - Report One -line Report Page 1 of 1 Records: 41 - 80 Displaying Page : [ < ] 1 2 3 of 3 [ > N Address ZIP Sale Date Sale Price Bed 41 6231 NW 1ST PL 33150 11115/2007 $57,000 2 42 1043 NW 75TH ST 33150 04124/2008 $57,500 2 43 152 E 5TH ST 2 33010 11/03/2007 $59,000 3 . 44 1043 NW 85TH ST 33150 12128/2007 $59,400 2 45 6970 N MIAMI AVE 3-214A 33150 02125/2008 $60,000 1 46 7000 N MIAMI AVE 4-526A 33150 07/01/2008 $60,000 1 47 160 NE 60TH ST 33137 02/27/2008 $60,000 2 48 7000 N MIAMI AVE 4-222A 33150 02/25/2008 $60,000 1 ' 49 24 NW 58TH ST 33127 07/11/2008 $60,000 1 50 555 NE 15TH ST CU -27 33132 12/14/2007 $60,000 51 6930 N MIAMI AVE 1-302A 33150 02/26/2008 $60,000 1 52 555 NE 15TH ST CU -33 33132 12/14/2007 :$60,000 53 6940 N MIAMI AVE 1-130A 33150 02/26/2008 $60,000 1 54 555 NE 15TH ST CU -26 33132 12/14/2007 $60,000 55 1137 NW 47TH ST 33127 01/10/2008 $60,000 3 56 1490 NW 74TH ST 33147 03/31/2008 $60,000 2 57 8964 W FLAGLER ST 211 33174 04/09/2008 $60,000 3 58 9755 SW 54TH ST 33165 10/16/2007 $60,100 3 59 719 NW 49TH ST 33127 09/17/2008 $61,000 2 ` 60 8790 NW 21ST AVE 33147 09/30/2008 $62,000 2 61 9350 FONTAINEBLEAU BLVD 501 33172 08122/2008 $62,100 2 62 7010 N MIAMI AVE 5-120A 33150 06103/2008 $62,500 1 63 2120 NW 89TH ST 33147 04108/2008 $62,500 2 64 7000 N MIAMI AVE 4.126A 33150 06/25/2008 $62,500 1 65 888 S DOUGLAS RD 106 33134 0413012008 $63,000 1 66 8034 NW 5TH AVE 33150 08/25/2008 $64,000 2 67 6980 N MIAMI AVE 3-416 33150 11/26/2007 $65,000 1 68 250 SHORE DR S 1 33133 02/14/2008 $65,000 2 69 2261 NW 79TH TER 33147 08/13/2008 $65,000 3 70 911 NW 66TH ST 33150 11/07/2007 $65,000 2 71 19 NW 69TH ST 33150 07/31/2008 $65,000 2 72 6741 NW 6TH AVE 33150 04/04/2008 $65,000 2 73 1130 NW 89TH ST 33150 02/25/2008 $67,000 2 74 315 NW 100TH ST 33150 01/18/2008 $68,500 3 75 8630 NW 5TH TER 16-101 33126 07/24/2008 $69,000 2 76 1044 NW 63RD ST 33150 04/12/2008 $69,000 2 77 290 NW 59TH AVE 33126 05/30/2008 $70,000 3 78 4242 NW 2ND ST 1206 33126 11/22/2007 $70,000 1 79 1245 W 24TH ST 103 33010 05/28/2008 $70,000 2 j 80 9351 FONTAINEBLEAU BLVD B119 33172 11/26/2007 $70,000 1 http://www.realquest.com/j splreport.j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report One -line Report Page 1 of 1 Records: 81 - 93 Displaying Page : [ < ] 1 2 3 of 3 # Address ZIP Sale Date Sale Price Bed 81 1812 NW 66TH ST 33147 05/01/2008 $70,000 3 82 8860 FONTAINEBLEAU BLVD 502 33172 07/18/2008 $70,000 1 83 315 NE 55TH ST 33137 03/13/2008 $70,000 2 84 4242 NW 2ND ST 1106 33126 11/22/2007 $71,000 1 85 250 SHORE DR S 2 33133 03/13/2008 $72,000 2 86 9369 FONTAINEBLEAU BLVD J218 33172 02/14/2008 $73,000 1 87 200 SHORE DR S 7 33133 06/03/2008 $73,900 2 88 2630 SW 28TH ST 43 33133 07/28/2008 $74,900 89 9335 NW 14TH AVE 33147 10/26/2007 $75,000 2 90 9020 NE 8TH AVE 2B 33138 04/15/2008 $75,000 91 8357 NW 15TH AVE 33147 09/12/2008 $75,000 3 . 92 5203 NW5TH AVE 33127 10/30/2007 $75,000 2 93 8329 NW 5TH AVE 8329 33150 11/20/2007 $75,000 4. http://www.realquest.comlj sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 Low Income RealQuest.com OO - Report Page 1 of 1 One -line Report Records: 1- 40 Displaying Page : 1 2 3 4 of 4 j> http://www.realquest. com/j sp/report, j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 Address ZIP Sale Date Sale Price Bed 1 1856 NW70THST 33147 10/31/2007 $76,000 3 2 10284 NW 9TH STREET CIR 104 33172 04/18/2008 $76,200 3 3 1220 NW68TH ST 33147 01/29/2008 $78,000 2 4 1912 NW 67TH ST 33147 04/07/2008 $78,500 2 5 4590 LUDLAM RD 22 33155 03/06/2008 $79,100 1 6 2390 NW 99TH TER 33147 04/28/2008 $80,000 2 7 9340 FONTAINEBLEAU BLVD W507 33172 07/16/2008 $80,000 3 8 1625 NW 85TH ST 33147 03/11/2008 $81,000 3 9 10 ARAGON AVE 1113 33134 12/07/2007 $81,000 1 10 999 NW BOTH ST 33150 11/15/2007 $81,500 2 11 1763 NW 68TH ST 33147 03/12/2008 $82,000 3 12 8840 FONTAINEBLEAU BLVD 402 33172 05/06/2008 $82,000 1 13 846 PARADISO AVE 33146 04/07/2008 $83,000 3 i 14 6223 NW 1ST PL 33150 01/28/2008 $83,000 2 15 8810 FONTAINEBLEAU BLVD 108 33172 01/02/2008 $84,000 2 16 449 SWALLOW DR 10 33166 09/26/2008 $84,000 1 17 3881 W FLAGLER ST 224 33134 03/03/2008 $84,000 18 228 NW 39TH ST 33127 08/08/2008 $84,000 3 j 19 7604 NW 3RD AVE 33150 01/22/2008 $84,000 2 i 20 558 NW 49TH ST 33127 04/04/2008 $85,000 2 21 149 NW 17TH PL 2 33125 11/29/2007 $85,000 2 22 3224 BISCAYNE BLVD B-2 33137 09/26/2008 $85,000 1 23 3071 SW 27TH AVE 24 33133 06/27/2008 $85,000 1 • 24 1700 NW NORTH RIVER DR 9 33125 07/01/2008 $85,000 25 831 NW 55TH ST 33127 05/13/2008 $86,000 2 26 680 W PARK DR 3-201 33172 07/01/2008 $86,000 2 27 990 NW IST ST 6 33128 07/23/2008 $87,000 2 ' 28 919 NW 47TH ST 33127 04/15/2008 $87;000 2 I 29 1420 SW 17TH ST 33145 09/13/2008 $87,500 3 30 028 SW 3RD ST 206 33130 05/21/2008 $88,000 1 • 31 3051 SW 27TH AVE 102 33133 03/28/2008 $88,000 1 i 32 I 9367 FONTAINEBLEAU BLVD G222 33172 10/12/2007 $89,400 2 j 33 6950 N MIAMI AVE 2-312A 33150 12/04/2007 $89,900 1 34 8840 FONTAINEBLEAU BLVD 303 33172 07/24/2008 $90,000 1 35 598 NW 94TH ST 33150 11/08/2007 $90,000 1 36 j 1743 NW 90TH ST 33147 02/08/2008 $90,000 2 37 6825 W FLAGLER ST210 33144 11/14/2007 $90,000 1 I 38 5033 NW 7TH ST 103 33126 12/18/2007 $90,000 1 j 39 111 SW 68TH AVE 33144 04/09/2008 $90,000 3 40 8870 FONTAINEBLEAU BLVD 105 33172 08/05/2008 $90,100 2 http://www.realquest. com/j sp/report, j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report One -line Report Records: 41 - 80 # Address 41 8810 FONTAINEBLEAU BLVD 112 42 1176 NW 46TH ST 43 247 NW 58TH ST 44 505 E 16TH ST 45 750 NE 64TH ST 8214 46 1250 S MIAMI AVE 2905 47 8323 LAKE DR 502 48 3051 SW 27TH AVE 105 49 1610 NW 93RD ST 50 218 SW 8TH AVE 303 51 8810 FONTAINEBLEAU BLVD 116 52 1800 NW 24TH AVE 910 53 5201 NW 7TH ST 518 54 6990 N MIAMI AVE 4-512 55 2343 NW 102ND ST 56 901 NW 30TH ST 57 234 NE 3RD ST 304 58 1014 SALZEDO ST 207 59 1723 NW 63RD ST 60 3051 SW 27TH AVE 404 61 8780 SW 48TH ST 62 6820 W FLAGLER ST 101 63 200 SHORE DR S 9 64 7000 N MIAMI AVE 4-425 65 1051 SW 1 ST ST 305 66 5199 NW 7TH ST 206 67 20 NW 87TH AVE A225 68 6950 N MIAMI AVE 2-105 69 2945 NW 97TH ST 70 7010 N MIAMI AVE 5-309 71 8820 FONTAINEBLEAU BLVD 206 72 640 E 14TH ST 73 6950 N MIAMI AVE 2-208 74 5201 NW 7TH ST 612 75 6950 N MIAMI AVE 2-514 76 4855 NW 7TH ST 201-6 77 1475 SW 8TH ST 515 78 21.0 NW 107TH AVE 103 79 5271 SW 8TH ST 211 80 6155 SW 69TH ST 9 ZIP 33172 33127 33127 33010 33138 33130 33166 33133 33147 33130 33172 33125 33126 33150 33147 33127 33132 33134 33147 33133 33165 33144 33133 33150 33130 33126 33172 33150 33147 33150 33172 33010 33150 33126 33150 33126 33135 33172 33134 33133 Displaying Page Sale Date 04/11/2008 03/28/2008 12/31/2007 02/21/2008 09/10/2008 02/14/2008 04/10/2008 05/16/2008 09/12/2008 03/14/2008 09/23/2008 01/29/2008 05/30/2008 10/15/2007 01/15/2008 07/18/2008 07/14/2008 09/04/2008 02/25/2008 07/21/2008 11/19/2007 01/22/2008 06/24/2008 11/14/2007 08/06/2008 03/24/2008 09/16/2008 11/14/2007 06/25/2008 10/18/2007 08/25/2008 01/15/2008 11/14/2007 09/25/2008 11/14/2007 11/12/2007 12/13/2007 07/22/2008 06/02/2008 11/20/2007 Page 1 of 1 <11 2 34of4(> Sale Price Bed $90,800 1 $91,000 3 $91,000 2 $92,000 3 $92,000 1 $92,100 2 $92,800 2 $95,000 1 $95,000 2 $95,000 1 $95,000 2 $95,000 2 $95,000 1 $96,000 1 $97,000 2 $97,850 2 $97,900 1 $98,200 1 $99,000 3 $100,000 1 $100,000 3 $100,000 2 $100,000 2 $100,000 1 $100,000 2 $100,000 1 $100,000 1 $100,000 1 $100,000 3 $100,000 1 $100,000 2 $100,000 2 $100,000 2 $100,000 $100,000 1 $101,000 2 $101,000 1 $101,000 1 $102,000 2 $102,000 3 http://www.realquest.com/j splrepoi-t.jsp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com ® - Report One -line Report ZIP 33165 33165 33128 33145 33147 33125 33127 33165 33134 33147 33172 33138 33133 33150 33165 33138 33133 33137 33165 33166 33132 33127 33138 33133 33125 33172 33147 33126 33155 33138 33133 33126 33126 33165 33133 33150 33125 33125 33125 33145 Displaying Page Sale Date _ 11/23/2007 11/30/2007 .09/29/2008 09/15/2008 05/10/2008 07/02/2008 03/27/2008 01/15/2008 07/22/2008 07/21/2008 04/16/2008 04/21/2008 05/30/2008 05/22/2008 10/09/2007 07/17/2008 09/22/2008 02/25/2008 12/20/2007 09/23/2008 05/21/2008 02/15/2008 05/08/2008 10/23/2007 04/29/2008 07/15/2008 10/23/2007 07/18/2008 11/21/2007 12/31/2007 09/26/2008 02/29/2008 08/19/2008 01/04/2008 10/12/2007 07/18/2008 06/30/2008 08/01/2008 08/28/2008 07/18/2008 Page 1 of 1 [<]12 3 4of4[>] Sale Price Records: 81 - 120 # Address j 81 3800 SW 102ND AVE 218 82 3901 SW 112TH AVE 48 83 420 NW 12TH AVE 41 84 1707 SW 31 STAVE 85 2500 NW 88TH ST 86 2651 NW 13TH ST 37 87 3328 NW 9TH CT 88 4500 SW 98TH CT ' 89 4627 SW 2ND TER 90 9320 LITTLE RIVER DR 91 9150 FONTAINEBLEAU BLVD 301 92 9022 NE 8TH AVE 1 R 93 3680 OAK AVE 7 94 6477 N MIAMI AVE 95 3901 SW 112TH AVE 34 96 7899 NE BAYSHORE CT 2E 97 2889 MCFARLANE RD 1709 ' 98 254 NE 58TH TER 99 3901 SW 112TH AVE 49 100 8235 LAKE DR 407 101 - 234 NE 3RD ST 203 102 5543 NW 4TH AVE 103 815 NE 70TH ST ' 104 130 SHORE DR S 3G 105 600 NW 32ND PL 514 106 10315 NW 9TH STREET CIR 507-14 107 1624 NW 74TH ST 108 8261 NW 5TH TER 331 109 3855 SW 79TH AVE 49 110 515 NE 64TH ST 111 3052 SW 27TH AVE 403 112 5201 NW 7TH ST 412 113 8695 NW 6TH LN 2-209 114 3901 SW 112TH AVE 40 115 3680 OAK AVE 6 116 845 NW 101ST ST 117 2185 NW 16TH TER 19 i 118 2185 NW 16TH TER 17 119 1478 NW 1 ST ST 401 120 2400 SW 27TH AVE 305 ZIP 33165 33165 33128 33145 33147 33125 33127 33165 33134 33147 33172 33138 33133 33150 33165 33138 33133 33137 33165 33166 33132 33127 33138 33133 33125 33172 33147 33126 33155 33138 33133 33126 33126 33165 33133 33150 33125 33125 33125 33145 Displaying Page Sale Date _ 11/23/2007 11/30/2007 .09/29/2008 09/15/2008 05/10/2008 07/02/2008 03/27/2008 01/15/2008 07/22/2008 07/21/2008 04/16/2008 04/21/2008 05/30/2008 05/22/2008 10/09/2007 07/17/2008 09/22/2008 02/25/2008 12/20/2007 09/23/2008 05/21/2008 02/15/2008 05/08/2008 10/23/2007 04/29/2008 07/15/2008 10/23/2007 07/18/2008 11/21/2007 12/31/2007 09/26/2008 02/29/2008 08/19/2008 01/04/2008 10/12/2007 07/18/2008 06/30/2008 08/01/2008 08/28/2008 07/18/2008 Page 1 of 1 [<]12 3 4of4[>] Sale Price Bed $103,000 $103,000 1 $104,000 2 $104,000 1 $104,900 2 $105,000 1 $105,000 2 $105,000 3 $105,000 4 $105,000 3 $105,000 $105,000 $105,000 1 $105,000 3 $105,300 1 $105,400 2 $105,700 $107,000 3 $107,400 1 $108,000 1 $108,000 1 $108,500 2 $109,000 3 $109,000 1 $109,900 2 $110,000 1 $110,000 3 $110,000 2 $110,000 1 $110,000 3 $110,000 1 $110,000 $110,300 2 $110,600 1 $111,000 1 $111,500 2 $112,000 1 $112,000 1 $113,000 2 $113,000 2 http://www.realquest. c om/j sp/report. j sp?&client=&action=confine&type=getreportcs&rep... 1/18/2009 RealQuest.com ® - Report One -line Report Page 1 of 1 http://www.realquest.comlj sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 Records: 121 - 124 Displaying Page : [ < 1 1 2 3 4 of 4 # Address ZIP Sale Date Sale Price Bed 121 9014 W FLAGLER ST 11 33174 10/19/2007 $113,500 3 122 1555 NW 85TH ST 33147 11/21/2007 $113,800 2 123 5525 NW 12TH AVE 33127 05/16/2008 $114,000 2 124 227 NW 83RD ST 227 33150 10/11/2007 $114,900 2 http://www.realquest.comlj sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 Moderate Income RealQuest.com OO - Report One -line Report Records: 1 - 40 # Address 1 10122 NW 6TH TER 2-6 2 6954 NW 2ND CT 3 4000 TOWERSIDE TER 412 4 7170 NW 15TH CT 5 415 NW 50TH ST 6 1946 NW 24TH AVE 7 1740 NW NORTH RIVER DR 616 8 1418 NW 103RD ST 9 2601 NW 68TH ST 10 650 SE 9TH CT 203 11 50 MENORES AVE 821 12 960 SW 2ND ST 23 13 8870 FONTAINEBLEAU BLVD 304 14 t 950 SW 2ND ST 15 15 133 NE 2ND AVE 2413 16 45 NW 77TH ST W 1699 SW 7TH ST 209 18 1897 NW 1 ST CT 19 1470 NW 90TH ST 20 8180 GENEVA CT 119 ` 21 8333 LAKE DR 307 22 5201 NW 7TH ST 106 23 1729 NW 81ST ST 24 1031 NW 89TH ST i 25 9331 SW 4TH ST 206B i 26 718NW4THST4 27 4000 NW 4TH TER 28 1122 NW 74TH ST 29 322 NW 41 ST ST 30 9735 FONTAINEBLEAU BLVD G311 31 1077 NW 64TH ST 32 6820 WFLAGLER ST 305 w 33 8893 FONTAINEBLEAU BLVD 104 34 940 LITTLE RIVER DR 35 8290 LAKE DR 233 36 449 SWALLOW DR 7 i 37 1160 NW 102ND ST i 38 8881 FONTAINEBLEAU BLVD 307-A 39 3673 SW 25TH ST 40 3675 SW 25TH ST Page 1 of 1 Displaying Page : 1 2 3 4 5 6 7 8 9 10 of 10 [> ZIP Sale Date Sale Price Bed 33172 09/04/2008 $115,000 2 33150 10/30/2007 $115,000 3 33138 08/25/2008 $115,000 -2 33147 02/28/2008 $115,000 3 33127 10/16/2007 $115,000 3 33125 09/23/2008 $115,000 3 33125 09/17/2008 $115,000 2' 33147 10/02/2007 $115,000 2 33147 07/18/2008 $117,000 3 33010 05/15/2008 $117,600 2 33134 08/27/2008 $117,600 1 33130 06/03/2008 $119,000 1 33172 01/25/2008 $119,000 2 33130 09/04/2008 $119,900 1 33132 05/28/2008 $120,000 33150 08/04/2008 $120,000 2 33135 09/29/2008 $120,000 2 33136 12/19/2007 $120,000 3 33147 07/09/2008 $120,000 2 33166 01/23/2008 $120,000 1 33166 06/10/2008 $120,000 1 33126 03/28/2008 $120,000 33147 09/10/2008 $120,000 2 33150 09/15/2008 $120,000 3 33174 07/08/2008 $120,000 2 33128 04/21/2008 $120,000 1 33126 03/17/2008 $120,000 2 33150 10/23/2007 $120,000 2 33127 10/01/2007 $120,000 2 33172 06/27/2008 $120,000 1 33150 10/05/2007 $120,000 4 33144 02/08/2008 $120,000 2 33172 05/28/2008 $120,900 2 33150 08/02/2008 $121,000 3 33166 08/15/2008 $121,900 2 33166 03/17/2008 $122,000 1 33150 08/14/2008 $122,000 3 33172 06/24/2008 $122,000 1 33133 07/15/2008 $122,500 2 33133 07/15/2008 $122,500 2 http://www.realquest.com/j splreport.j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com ® - Report Page 1 of 1 k One -line Report Records: 41 - 80 Displaying Page: [ < ] 1 Address ZIP Sale Date 2 345678 9 10 of 10 [ > ] Sale Price Bed 41 8290 LAKE DR 523 33166 02/08/2008 $123,000 1 42 637 NE 87TH ST 33138 10/24/2007 $123,300 2 43 6990 N MIAMI AVE 4-112 33150 10/25/2007 $123,400 1 44 8860 FONTAINEBLEAU BLVD 104 33172 09/05/2008 $123,600 2 45 250 SHORE DR S 3 33133 03/31/2008 $124,900 2 46 420 NW 104TH ST 33150 06/03/2008 $124,900 2 47 5085 NW 7TH ST 1105 33126 08/15/2008 $125,000 1 48 770 NE 69TH ST 8E 33138 05/13/2008 $125,000 1 49 4709 NW 7TH ST 310-9 33126 01/29/2008 $125,000 1 50 881 NE 88TH ST 33138 11/06/2007 $125,000 2 51 409 NW 48TH ST 33127 11/01/2007 $125,000 5 52 1736 SW 19TH ST 301 33145 02/20/2008 $125,000 2 53 2031 NW 85TH ST 33147 11/01/2007 $125,000 2 54 820 NW 14TH CT 33125 06/30/2008 $125,000 2 55 9628 LITTLE RIVER BLVD 33147 01/23/2008 $125,000 3 56 5033 NW 7TH ST 203 33126 05/09/2008 $125,000 1 57 10135 NW 9TH STREET CIR 5-101 33172 09/18/2008 $125,000 2 58 5513 NE MIAMI PL 6 33137 07/09/2008 $125,000 1 59 218 SW 8TH AVE 302 33130 12/28/2007 $126,000 1 60 4803 NW 7TH ST 405-14 33126 08/27/2008 $126,500 2 61 590 NW 65TH ST 1 33150 05/22/2008 $126,900 2 62 428 SW 5TH AVE 103 33130 02/01/2008 $127,000 2 63 241 S ROYAL POINCIANA BLVD 201 33166 05/08/2008 $127,700 1 ! 64 241 S ROYAL POINCIANA BLVD 218 33166 05/06/2008 $127,700 1 65 241 S ROYAL POINCIANA BLVD 318 33166 04/30/2008 $127,700 1 66 241 S ROYAL POINCIANA BLVD 301 33166 04/28/2008 $127,700 1 67 241 S ROYAL POINCIANA BLVD 316 33166 06/13/2008 $127,700 1 68 930 SW 2ND ST 1 33130 03/17/2008 $128,000 1 '. 69 10410 NW 32ND CT 33147 02/15/2008 $128,000 2 70 8037 LAKE DR 204 33166 07/29/2008 $128,000 2 71 8261 NW 8TH ST 131 33126 01/29/2008 $128,000 1 72 1760 NW 94TH ST 33147 12/28/2007 $128,500 2 73 1250 S MIAMI AVE 1209 33130 07/29/2008 $128,900 1 74 3172 SW 27TH AVE 6 33133 10/09/2007 $129,000 1 75 8261 NW 5TH TER 334 33126 04/10/2008 $129,900 2 j 76 - 970 SW 2ND ST 27 33130 07/21/2008 $129,900 1 77 126 MENDOZA AVE 1A .33134 12/18/2007 $129,900 78 8411 NW 8TH ST 309-3 33126 06/19/2008 $130;000 2 79 900 SW 84TH AVE 203D 33144 11/06/2007 $130,000 1 80 2441 NW 13TH ST 85 33125 10/25/2007 $130,000 2 http://www.realquest.com/j splreport.jsp?&client=&action=confirm&type=getreportes&rep... 1/18/2009 RealQuest.com OO - Report 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 6 97 I 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 I 115 i 116 117 118 119 120 Page 1 of 1 One -line Report Records: 81 - 120 Displaying Page : [ < ] 1 2 3 45678 9 10 of 10[>] Address ZIP Sale Date Sale Price Bed 455 NE 25TH ST 402 33137 07/28/2008 $130,000 1 8060 NW 10TH ST 1 33126 08/04/2008 $130,000 2 234 NE 3RD ST 603 33132 11/21/2007 $130,000 1 234 NE 3RD ST 1106 33132 06/25/2008 $130,000 1 326 NW 23RD AVE 33125 11/29/2007 $130,000 3 310 FONTAINEBLEAU BLVD 406 33172 07/25/2008 $130,000 2 1250 S MIAMI AVE 907 33130 07/21/2008 $130,000 1 715 NE 91ST ST 3A 33138 09/25/2008 $130,000 4650 NW 79TH AVE 2F 33166 10/05/2007 $130,000 2 4707 NW 7TH ST 104-8 33126 02/22/2008 $130,000 2 880 NE 69TH ST 2Q 33138 05/23/2008 $130,000 1 3240 MARY ST S107 33133 06/25/2006 $130,000 1 121 SW 109TH AVE M7 33174 12/19/2007 $130,000 3 4350 NW 79TH AVE 2B 33166 10/05/2007 $130,000 2 8665 NW 2ND TER 33126 05/28/2008 $130,300 4 9351 FONTAINEBLEAU BLVD B407 33172 06/13/2008 $131,700 1 133 NE 2ND AVE 410 33132 03/11/2008 $132,000 616 NW 26TH AVE 209 33125 04/29/2008 $132,900 2 753 NW 3RD ST 402 33128 10/19/2007 $133,000 1 401 NE 26TH ST 33137 01/02/2008 $133,600 4 9001 NW 33RD AVENUE RD 33147 06/19/2008 $134,000 3 8820 FONTAINEBLEAU BLVD 507 33172 01/25/2008 $134,200 1 2465 SW 18TH AVE 3308 33145 12/19/2007 $135,000 1 5099 NW 7TH ST 706 33126 08/04/2008 $135,000 2 3451 SW 10TH ST 7-A 33135 05/27/2008 $135,000 2 234 NE 3RD ST 204 33132 11/05/2007 $135,000 1 2441 NW 13TH ST 89 33125 11/26/2007 $135,000 2 428 SW 9TH ST 18 33130 01/28/2008 $135,000 1 475 NW 83RD ST 475 33150 04/03/2008 $135,000 3 505 NW 72ND AVE 306 33126 11/26/2007 $135,000 1 7516 NE 1 STAVE 203 33138 09/10/2008 $135,000 1 5025 NW 1STAVE 33127 03/17/2008 $135,000 3 569 NW 42ND ST 33127 04/04/2008 $135,000 2 3301 NE 5TH AVE 516 33137 01/15/2008 $135,000 1 8120 GENEVA CT 449 33166 08/15/2008 $135,800 2 3901 SW 109TH AVE 8 33165 10/09/2007 $136,100 1 275 NE 18TH ST 304 33132 07/11/2008 $137;000 1 1021 NW 3RD ST 302 33128 11/07/2007 $137,000 1 8870 FONTAINEBLEAU BLVD 212 33172 03/28/2008 $137,000 2 3301 NE 5TH AVE 216 33137 10/24/2007 $'(37,000 1 http://www.realquest. com/j sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report One -line Report Page 1 of 1 Records: 121 - 160 Displaying Page : [ < ] 1 2 3 4 5 6 7 8 9 10 of 10 [ > 9 Address ZIP Sale Date Sale Price Bed 121 437 SW 7TH ST 206 33130 05/22/2008 $137,500 1 122 5085 NW 7TH ST 807 33126 03/07/2008 $137,500 1 123 1250 S MIAMI AVE 1212 33130 04/21/2008 $138,000 1 124 234 NE 3RD ST 2006 33132 06/17/2008 $138,000 1 125 783 NW 64TH ST 33150 11/16/2007 $138,500 2 126 3190 CARTER ST 92 33133 08126/2008 $138,600 4 127 1021 NW 3RD ST 102 33128 02111/2008 $139,900 1 128 9595 NW 34TH AVE 33147 09108/2008 $139,900 3 129 1021 NW 3RD ST 301 33128 05/07/2008 $139,900 1 130 1021 NW 3RD ST 202 33128 02/06/2008 $139,900 1 131 1021 NW 3RD ST 104 33128 03/14/2008 $139,900 1 132 1021 NW 3RD ST 208 33128 01/11/2008 $139,900 1 133 55 E 4TH ST 310 33010 10/01/2007 $140,000 1 134 1301 NW 68TH ST 33147 02/26/2008 $140,000 3 135 1215 SW 32ND AVE 208A 33135 07/31/2008 $140,000 2 136 10790 SW 7TH ST 202 33174 03/28/2008 $140,000 137 3824 SW 79TH AVE 113 33155 11/26/2007 $140,000 2 138 1800 NW 24TH AVE 501 33125 07/23/2008 $140,000 2 139 8215 LAKE DR 505 33166 08/29/2008 $140,000 2 140 4803 NW 7TH ST 307-14 33126 07/01/2008 $140,000 2 141 3500 CORAL WAY 601 33145 08/29/2008 $140,000 1 142 1900 N BAYSHORE DR 2805 33132 05/26/2008 $140,000 143 424 NE 82ND ST 4C 33138 06/12/2008 $140,000 2 144 2951 SBAYSHORE DR 512 33133 09/15/2008 $141,000 1 145 6980 N MIAMI AVE 3-123 33150 01/15/2008 $141,000 2 146 1250 S MIAMI AVE 811 33130 07/21/2008 $141,200 1 147 535 ALMERIA AVE 33134 05/21/2008 $141,500 3 148 133 NE 2ND AVE 1210 33132 06/13/2008 $142,000 149 9310 FONTAINEBLEAU BLVD 510 33172 08118/2008 $142,000 2 150 3881 W FLAGLER ST 212 33134 11/17/2007 $142,300 2 151 1690 SW 27TH AVE 507 33145 03/31/2008 $142,500 2 152 800 N MIAMI AVE E-210 33136 09/19/2008 $142,900 2 153 2529 NW 87TH ST 33147 10/04/2007 $143,000 2 154 2441 SW 31ST AVE 110 33145 04/14/2008 $143,000 2 155 1250 S MIAMI AVE 1512 33130 09/25/2008 $143,000 1 156 7000 N MIAMI AVE 4-127 33150 03/19/2008 $143,000 1 157 2981 NW 69TH ST 33147 07/01/2008 $143,100 2 158 200 NW 107TH AVE 206 33172 10/02/2007 $144,000 1 159 442 NE 76TH ST 33138 09/26/2008 $144,000 2 160 8809 NE 4TH AVENUE RD 8809 33138 12/18/2007 $144,500 2 http://www.realquest.com/j sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com ® - Report Page 1 of 1 One -line Report f Records: 161 - 200 Displaying Page: [ < ] 1 234 5 6 7 8 9 10 of 10 [ > ] # Address ZIP Sale Date Sale Price Bed 161 3071 SW 27TH AVE 19 33133 0311912008 $144,700 162 9731 FONTAINEBLEAU BLVD F312 33172 07/18/2008 $144,900 2 163 9120 FONTAINEBLEAU BLVD 308 33172 09/29/2008 $145,000 164 9460 FONTAINEBLEAU BLVD 228 33172 07111/2008 $145,000 1 165 9711 FONTAINEBLEAU BLVD D110 33172 04118/2008 $145,000 2 166' 330 W 10TH ST 330-4 33010 10/19/2007 $145,000 2 167 2000 TOWERSIDE TER 409 33138 12/06/2007 $145,000 2 168 8879B FONTAINEBLEAU BLVD 204 33172 03/21/2008 $145,000 2 169 224 CAMILO AVE 33134 01/12/2008 $145,000 3 170 2460 SW 18TH AVE 1301 33145 06/27/2008 $145,000 2 171 3600 SW 9TH TER 2B 33135 06/30/2008 $145,000 1 172 5501 SW 77TH CT 104C 33155 11/09/2007 $145,000 1 173 2498 SW 17TH AVE 4108 33145 01/25/2008 $145,000 2 ' 174 3062 BIRD AVE B1 33133 08/08/2008 $145,000 1 i 175 9000 NW 31 STAVE 33147 08/04/2008 $145,000 3 176 8421 NW 8TH ST 407 33126 07/25/2008 $145,000 1 177 5033 NW 7TH ST 105 33126 10/09/2007 $146,000 1 178 3084 NW 106TH ST 33147 08/07/2008 $146,000 2 179 - 5301 SW 77TH CT 207G 33155 08/19/2008 $146,000 1 180 1970 SW 57TH PL 33155 07/09/2008 $146,000 1 181 2575 SW 27TH AVE 510 33133 01/22/2008 $146,900 2 182 2025 NW 72ND ST 33147 05/08/2008 $147,100 4 183 8245 LAKE DR 403 33166 11/28/2007 $147,700 1 184 421 GRAND CONCOURSE 5 33138 03/26/2008 $148,000 185 275 NE 18TH ST 1209 33132 08/22/2008 $148,000 1 186 10315 NW 9TH STREET CIR 204-14 33172 05/15/2008 $148,000 2 187 i 9190 FONTAINEBLEAU BLVD 403 33172 11/19/2007 $148,900 1 188 555 NE 15TH ST 28F 33132 08/27/2008 $149,000 1 189 940 SW 2ND ST 10 33130 03/12/2008 $149,000 1 190 2900 NW 15TH ST 33125 06/06/2008 $149,000 2 191 8180 GENEVA CT 425 33166 10/12/2007 $149,600 2 192 850 N MIAMI AVE W-602 33136 09/03/2008 $149,900 2 193 800 N MIAMI AVE E-1207 33136 03/31/2008 $149,900 1 194 1328 SW 6TH ST 8 33135 12/21/2007 $149,900 1 195 1330 SW 6TH ST 15 33135 05/12/2008 $149,900 1 196 241 S ROYAL POINCIANA BLVD 101 33166 0210612008 $149,900 1 197 133 NE 2ND AVE 1715 33132 02/19/2008 $149,900 198 241 S ROYAL POINCIANA BLVD 211 33166 10/29/2007 $149,900 1 199 850 N MIAMI AVE W-1505 33136 06/26/2008 $149,900 1 200 133 NE 2ND AVE 1107 33132 02/29/2008 $149,900 http://www.realquest.comlj sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report Page 1 of 1 One -line Report Records: 201 - 240 Displaying Page : [ < ] 1 2 3 4 5 6 7 8 9 10 of 10 [ > ] # Address ZIP Sale Date Sale Price Bed 201 1330 SW 6TH ST 5 33135 01/25/2008 $149,900 1 202 2962 SW 22ND TER 33145 02/26/2008 $150,000 3 203 1700 NW NORTH RIVER DR 707 33125 06/11/2008 $150,000 2 204 11015 SW IST ST 114 33174 10/22/2007 $150,000 2 205 3091 NW 2ND ST 33125 06/30/2008 $150,000 2 206 850 N MIAMI AVE W-310 33136 08/28/2008 $150,000 2 207 8255 LAKE DR 406 33166 09/02/2008 $150,000 2 . 208 665 NW 85TH PL 10-106 33126 07/31/2008 $150,000 2 209 9041 NE 4TH AVENUE RD 9041 33138 12/14/2007 $150,000 2 210 3451 CHARLES AVE 33133 01/25/2008 $150,000 3 211 1599 NW 82ND ST 33147 10/30/2007 $150,000 2 212 9688 FONTAINEBLEAU BLVD 501 .33172 11/26/2007 $150,000 1 213 350 E 21 ST ST 301 33010 04/28/2008 $150,000 1 214 2415 NW 16TH STREET RD 204-1 33125 09/19/2008 $150,000 2 215 8205 LAKE DR 103 33166 08/11/2008 $150,000 2 216 413 E 9TH ST 33010 01/25/2008 $150,000 2 217 2889 MCFARLANE RD 1407 33133 02/29/2008 $150,000 218 2889 MCFARLANE RD 1515 33133 02/28/2008 $150,000 1 219 350E 21ST ST 306 33010 03/11/2008 $150,000 1 220 350 E 21ST ST 109 33010 04/28/2008 $150,000 1 221 2930 DAY AVE N205 33133 10/31/2007 $150,000 1 222 8005 LAKE DR 411 33166 11/30/2007 $150,000 1 ' 223 250 S MELROSE DR 33166 09/02/2008 $150,000 3 224 1421 SW 3RD ST 101 33135 09/30/2008 $150,000 1 225 690 SW 1ST CT 503 33130 10/11/2007 $150,000 226 572 NE 67TH ST 5 33138 12/14/2007 $150,000 1 227 2889 MCFARLANE RD 1415 33133 02/15/2008 $150,000 228 5055 NW 7TH ST 807 33126 09/08/2008 $150,000 2 229 3927 WASHINGTON AVE 33133 04/10/2008 $150,000 2 230 '60 MENORES AVE 412 33134 04/30/2008 $150,500 231 8321 NW 7TH ST 1-311 33126 12/11/2007 $151,000 1 232 11005 SW IST ST 101 33174 10/23/2007 $151,000 2 233 1065 NW 47TH TER 33127 05/30/2008 $151,000 2 234 8411 NW 8TH ST 207 33126 12/14/2007 $152,000 1 235 428 NW 84TH ST 428 33150 02/15/2008 $152,100 4 236 11015 SW IST ST 214 33174 10131/2007 $152,500 2 237 134 SW 7TH AVE 305 33130 07/24/2008 $153,800 2 238 1418 NW 100TH ST 33147 10/21/2007 $154,000 3 239 2145 NW 19TH TER 206 33125 01/31/2008 $154,000 2 240 133 NE 2ND AVE 1104 33132 08/26/2008 $154,500 http://www.realquest.com/j splreport.jsp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com a - Report Page 1 of 1 C Records: 241 # - 280 Address One -line Report Displaying Page ZIP : [ < ] 1 Sale Date 2 3 4 5 6 7 8 9 10 Sale Price of 10 [ > ] Bed 241 133 NE 2ND AVE 903 33132 01130/2008 $154,900 242 519 NW 69TH ST 33150 10131/2007 $155,000 1 243 1613 NW 16TH ST B 33125 07116/2008 $155,000 2 244 290 W PARK DR 101-7 33172 06/20/2008 $155,000 2 245 3181 SW 13TH ST 114 33145 10/22/2007 $155,000 1 246 9440 FONTAINEBLEAU BLVD 507 33172 11/21/2007 $155,000 1 247 8260 NW 5TH TER 348 33126 05/23/2008 $155,000 2 248 5077 NW 7TH ST 1015 33126 08/22/2008 $155,000 2 249 890 NW 45TH AVE 40 33126 06111/2008 $155,000 1 250 3901 SW 109TH AVE 1 33165 10/26/2007 $155,000 1 251 6702 SW 25TH ST 33155 06/03/2008 $155,000 2 252 5430NW4TH AVE 33127 04104/2008 $155,000 4 253 8515 NW 3RD LN 1111 33126 06116/2008 $155,000 2 254 1738 NW 82ND ST 33147 04/03/2008 $155,000 2 • 255 2665 SW 37TH AVE 208 33133 07/07/2008 $155,000 1 ' 256 1205 MARIPOSA AVE 305 33146 09119/2008 $155,000 1 257 8020 NW 10TH ST 1 33126 09/24/2008 $155,000 3 258 8820 FONTAINEBLEAU BLVD 404 33172 04/18/2008 $155,000 2 259 8665 NW 6TH LN 1-209 33126 07/15/2008 $155,900 2 260 6930N MIAMI AVE 1-105 33150 02/08/2008 $155,900 1 261 500 SW 88TH PL E 33174 06/18/2008 $156,100 3 262 505 NE 30TH ST 404 33137 01/07/2008 $156,500 2 263 650 NW 86TH PL 3-203 33126 07/03/2008 $156,900 2 264 i 133 NE 2ND AVE 1805 33132 05/09/2008 $156,900 265 9110 NW 3RD AVE 33150 02/07/2008 $156,900 3 266 7899 NE BAYSHORE CT 4A 33138 07/14/2008 $157,000 1 267 1852 SW 7TH ST 202 33135 12/10/2007 $157,000 2 268 2980 NW 69TH ST 33147 04/21/2008 $158,000 2 269 6075 NW 7TH ST 217 33126 01/11/2006 $156,000 2 270 2550 SW 27TH AVE 605 33133 02/14/2008 $158,600 1 271 133 NE 2ND AVE 1815 33132 12/19/2007 $158,900 272 1700 NW NORTH RIVER DR 806 33125 08/25/2008 $159,000 2 273 1250 S MIAMI AVE 1510 33130 02/29/2006 $159,000 1 274 1250 S MIAMI AVE 1803 33130 07/08/2008 $159,000 2 275 3831 SW 79TH AVE 3831 33155 02/04/2008 $159,000 2 276 7422 NW 17TH CT 33147 03/07/2008 $159,000 2 277 185 SW 7TH ST 2809 33130 03/24/2008 $159,000 2 278 905 SW 40TH AVE 33134 10/26/2007 $159,500 1 279 10445 SW 7TH TER 33174 12/18/2007 $159,700 3 280 3355 FRANKLIN AVE 33133 07/21/2008 $159,900 2 http://www.realquest. comlj sp/report. j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report N 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 Records: 281 - 320 Address 7980 NW 10TH ST 381 850 N MIAMI AVE W-301 11005 SW 1 ST ST 303 309 S ROYAL POINCIANA BLV 11005 SW 1 ST ST 204 1336 SW 3RD ST 1 9440 FONTAINEBLEAU BLVD 6930 N MIAMI AVE 1-305 8817 NE 4TH AVENUE RD 8 1365 NW 86TH ST 11195 SW1STST316 1622 NW 1ST AVE 12 11005 SW 1ST ST 102 9367 FONTAINEBLEAU BLVD 340 NW 32ND ST 1025 NW 19TH AVE 3855 SW 79TH AVE 2 1800 NW 24TH AVE 101 350 E 21 ST ST 208 502 NW 87TH AVE 305 9420 W FLAGLER ST 20 800 N MIAMI AVE E-100 275 NE 18TH ST 1001 9708 LITTLE RIVER DR 1010 NW 11TH ST 601 1700 NE 105TH ST 318 2130 SW 17TH ST 130 SW 108TH AVE J4 3440 NW 87TH TER 11195 SW 1 ST ST 217 11005 SW 1 ST ST 202 1169 NW 46TH ST 11015 SW1STST212 11015 SW1STST215 11005 SW 1ST ST 307 850 N MIAMI AVE W-40 2351 DOUGLASRD50 899 NW 55TH ST 2401 NW 14TH ST 3805 SW 103RD AVE 20 One -line Report Displaying Page 8 6 9 6 8 ZIP 33126 0 33136 11 33174 0 D 302 33166 1 33174 0 33135 0 317 33172 0 33150 1 817 33138 1 33147 1 33174 0 33136 0 33174 0 G224 33172 0 33127 0 33125 0 33155 1 33125 0 33010 0 33172 0 33174 0 33136 0 33132 0 33147 0 33136 1 33138 0 33145 0 33174 1 33147 0 33174 0 33174 0 33127 33174 33174 33174 33138 33145 33127 33125 9 33165 Page 1 of 1 [<]1 234567 8 910ol10[>] Sale Date Sale Price Bed 5/14/2008 $150,000 2 /17/2007 $159,900 1 6/16/2008 $159,990 2 0/24/2007 $160,000 2 4/23/2008 $160,000 2 9/05/2008 $160,000 2 5/02/2008 $160,000 2 1/20/2007 $160,000 1 2/26/2007 $160,000 2 0/18/2007 $160,000 2 7/11/2008 $160,000 2 6/23/2008 $160,000 2 4/11/2008 $160,000 2 4/10/2008 $160,000 1 5/22/2008 $160,000 2 3/22/2008 $160,000 3 0/19/2007 $160,000 1 7/22/2008 $160,000 1 3/19/2008 $160,000 1 7/15/2008 $160,000 2 6/13/2008 $160,000 2 9/11/2008 $160,000 2 5/20/2008 $160,000 1 8/12/2008 $160,000 2 0/23/2007 $160,000 1 4/04/2008 $160,000 1 7/21/2008 $160,000 3 1/15/2007 $160,000 2 8/11/2008 $160,000 3 5/13/2008 $160,000 2 4/11/2008 $160,000 2 09/12/2008 $160,000 3 04/23/2008 $160,000 2 05/21/2008 $160,000 2 05/06/2008 $160,000 2 07/11/2008 $160,000 2 01/29/2008 $161,000 1 05/29/2008 $162,000 2 04/01/2008 $162,000 3 10/01/2007 $162,000 1 http://www.realquest.com/j splreport.j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 http://www.realquest.com/j splreport.j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report Records: 321 - 360 321 322 323 324 325 9 326 327 328 329 330 331 332 333 334 335 336 337 9 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 369 360 Page 1 of 1 One -line Report Displaying Page : [ < ] 1 2345678 0 10 of 10 [ > ] Address 8821 W FLAGLER ST 209 8425 NW 8TH ST 206 5045 SW 115TH AVE 133 NE 2ND AVE 1603 363 FONTAINEBLEAU BLVD H104 5331 SW 6TH ST 2475 NW 16TH STREET RD 202 219 NW 12TH AVE 412 3600 SW 114TH AVE 1-103 189 NW 99TH ST 123 NE 97TH ST 5275 SW 77TH CT 208H 2945 NW 68TH ST 1939 SW 5TH ST 2 210 NW 56TH CT 1326 SW 6TH ST 20 363 FONTAINEBLEAU BLVD H214 1523 NW 1 ST CT 1525 NW 1 ST CT 8520 SW 27TH ST 7829 MILLER DR B206 133 NE 2ND AVE 915 3581 NW 99TH ST 916 N W 60TH ST 421 SWALLOW DR 4 5555 SW 67TH AVE 24 9375 SW 40TH TER 207 3590 CORAL WAY 803 1800 NW 24TH AVE 504 1800 NW 24TH AVE 104 210 W PARK DR 101-2 502 SW 18TH AVE 209 8701 SW 12TH ST 4 1463 NW 70TH ST 8261 NW 5TH TER 333 2410 W 5TH AVE 8411 NW 8TH ST 102 230 NW 100TH ST 520 SE 6TH ST 11573 NW 4TH WAY ZIP Sale Date Sale Price Bed 33174 03/19/2008 $162,000 2 33126 09/19/2008 $162,200 2 33165 08/11/2008 $162,800 2 33132 11/26/2007 $162,900 33172 02/04/2008 $163,000 1 33134 07/01/2008 $163,000 2 33125 12/03/2007 $163,000 2 33128 04/01/2008 $163,000 1 33165 04/18/2008 $163,900 1 33150 08/28/2008 $164,000 2 33138 12/21/2007 $164,500 3 33155 10/30/2007 $164,500 2 33147 07/31/2008 $164,500 3 33135 02/19/2008 $164,800 3 33126 09/05/2008 $164,900 1 33135 11/28/2007 $164,900 2 33172 12/17/2007 $164,900 1 33136 08/29/2008 $165,000 4 33136 07/08/2008 $165,000 4 33155 09/25/2008 _ $165,000 3 33155 06/02/2008 $165,000 2 33132 02/15/2008 $165,000 33147 10/09/2007 $165,000 2. 33127 01/18/2008 $165,000 2 33166 02/01/2008 $165,000 1 33155 03/18/2008 $165,000 2 33165 02/08/2008 $165,000 1 33145 08/25/2008 $165,000 1 33125 07/14/2008 $165,000 3 33125 08/12/2008 $165,000 3 33172 03/03/2008 $165,000 2 33135 04/30/2008 $165,000 1 33174 06/25/2008 $165,000 2 33147 07/22/2008 $165,000 3 33126 07/02/2008 $165,000 2 33010 01/31/2008 $165,000 2 33126 09/25/2008 $165,000 2 33150 05/08/2008 $165,000 2 33010 12/06/2007 $165,000 2 33172 09/29/2008 $165,000 3 http://www.realquest.com/j sp/report.j sp?&client=&action=confirm&type=getreportcs&rep... 1/18/2009 RealQuest.com OO - Report One -line Report Page 1 of 1 Records: 361 - 380 Displaying Page : [ < ] 1 2 3 4 5 6 7 8 9 10 of 10 # Address ZIP Sale Date Sale Price Bed 361 702 NW 87TH AVE 307 33172 07/10/2008 $165,000 2 362 1045 SW 2ND ST 6 33130 04/16/2008 $165,000 2 363 2889 MCFARLANE RD 909 33133 10/29/2007 $165,000 364 555 NE 15TH ST 23F 33132 07/24/2008 $165,000 1 - 365 777 NE 62ND ST C300 33138 09/24/2008 $165,000 2 366 1176 NW 31 ST ST 33127 06/19/2008 $165,100 2 367 136 NW 47TH ST 33127 01/18/2008 $165,900 3 368 2475 NW 16TH STREET RD 418 33125 10/11/2007 $166,000 2 369 29 SANTILLANE AVE 1 33134 06/23/2008 $166,000 2 370 50 BISCAYNE BLVD 2409 33132 09/17/2008 $166,400 371 2001 NW 96TH ST 33147 12/04/2007 $166,500 2 372 9320 FONTAINEBLEAU BLVD 604 33172 11/01/2007 $167,000 1 373 502 NW 87TH AVE 303 33172 11/16/2007 $167,000 1 374 9140 FONTAINEBLEAU BLVD 402 33172 04/30/2008 $167,000 375 3213 BIRD AVE 7 33133 04/23/2008 $167,000 2 376 2385 NW 11TH ST C10 33125 10/19/2007 $167,000 2 377 3240 MARY ST S208 33133 07/28/2008 $167,500 2 378 10315 NW 9TH STREET CIR 404-14 33172 04/07/2008 $168,000 2 379 1936 NW 71 ST ST 33147 06/25/2008 $168,000 2 ' 380 275 NE 18TH ST 806 33132 06/04/2008 $168,000 1 http://www.realquest.comlj sp/report. j sp?&client=&action=confirm&type=getreportes&rep... 1/18/2009