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~ <br />~~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />SUMMARY WORST CASE <br />PROJE CTION ' <br />COUNIY CASH REQUIREMENTS <br />Assumptions: <br />80:1 Ratio <br />Gross Square Foota~e: 76,200 <br />Net Square Footage: 61,000 <br />Total Project Cost (Marion County and Par~xing Only F~ So~t Cost.) <br />~1~,080,000 @ ~90.00 GSF <br />Annual Debt Terms: <br />@ 6.~% (lisin~+ C.O.P.'s) <br />(Total Annual Cost) <br />25 yeaz amortization: ~1,140,830 (+) O/M ~256,000 = ~1,396,830 <br />~0 year amortization: ~ 989,187 (+) O/M ~256,000 = ~1,245,187 <br />Less: Par}un~ Income <br />County Income 120 stalls: @~50.00 ea. = v~ 72,000 <br />Private 87 +/- stalls: @ ~$0.00 ea. _ ~ " ,. .(In <br />Total Par~tin~ Income: _ ~124,200 <br />Annual Cost: (Budget) (Cost Per/SF) <br />25 year amortization: ~"1,272,630 / 61,000 NSF: ~20.86 vs. ~14.40 <br />~0 year amortization: ~1,120,987 / 61,000 NSF: ~18.37 <br />Cas~- Di~~erence: <br />Bud~et: ~1,080,000 Bud~et: ~1,080,000 <br />25 year: 40 year: ~ 1,120,987 <br />Di{{er.: (~ 192,630) Di{~ez.: (~ 40,987) <br />~County Bud~et at ~ 14.40 /~ 1.20 mo. (~ 1, 080, 000) <br />Loan Reduction: (Cash Requirement) <br />25 year 40 year: ~$~~Q.4 <br />Rental rate needed to meet cost under current moclel: Usin~ 76,200 GSF <br />25 year: ~ 16. 70 /~ 1.39 mo. 40 year: ~ 14. 71 /~ 1.23 <br />IT SHOULD BE ~IOTED THAT THIS CASH REQLTIREME~'T IS DPITH <br />~'O ~~~_r' ~aVI\`G IDEAS PL'T I:~~"I'O PLACE ON THE PROJECT. <br />pa~e 2/ Worst & Best Case Projections <br />- DAN BE$REY, P.C., BROI~B <br />