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HomeMy WebLinkAboutCost AllocationCITY C' ' +IAMI DEPARTMENT OF COM .JITY DEVELOPMENT COST ALLOCATION REPORT: NEW CONSTRUCTION AFFORDABLE RENTAL HOUSING APPLICANT: Miami Dream Homes Investment Group, Inc. PROJECT NAME: CD Home Financing Sources: Specify Name Other: Other: Other: Other: Other: MDH Home) Total Project $ 146,748.00 $ 78,252.00 Land Acquisition $ - Hard Cost Construction (Incl. Site work) $ 103,417.76 $ 41,367.10 $ 62,050.66 Construction Contingency $ 8,102.63 $ 3,508.00 $ 4,594.63 , Construction : (Concrete/ Soil Test $ 1,500.00 $ . 1,500.00 $ - Appliances $ 3,390.00 $ 3,390.00 $ - Construction Supervision $ 26,381.02 $ 15,583.12 $ 10,797.89 Total }lard Cost $ 142,791.41 Soft Cost Arch Design, Civil Engineering $ 8,500.00 $ 8,500.00 $ - Impact & School Fees $ 2,500.00 $ 2,500.00 r $ - _ Permits / Fees $ 1,937.50 $ 1,937.50 $ - Legal $ 1,500.00 $ 1,500.00 $ - Licenses / Environmental/ Util Fees $ 1,500.00 $ 1,500.00 $ - Appraisal / Surveys $ 1,200.00 $ 1,200.00 $ - Insurance: Construction Period $ 3,772.19 $ 3,772.19 $ - Marketing / Advertising $ 7,845.9V $ 7,487.95 $ 358.01 Loan Closing / Financing Fees $ 2,100.00 $ 2,100.00 $ - Interest / Carrying Costs $ 2,615.38 $ 2,615.38 , $ - Title Insurance & Recording $ 1,200.00— $ 1,200.00 $ - Taxes $ 500.00 $ 500.00 $ Construction Accounting $ 1,800.00 $ 1,800.00 $ For Use by City: City incurred costs $ 15,000.00 $ 15,000.00 Developer's Fees & Overhead $ 30,237.56 $ 29,786.75 $ 450.81 Soft Cost Contingency rota( Soft Costs _ $ 82,208..' _ Total Project Cost $ 225,000.00 $ 146,748.00 $-78,252.00 I,