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ESTIMATED SOURCES AND USES OF FUNDS <br /> <br />Financing this facility is anticipated to require a bond issue in the amount of <br />$3,000,000 by the HRA. The proposed finance plan consists of the following sources <br />and uses of funds: <br /> <br />Sources <br /> <br />Par Amount of Bonds <br />City Loan <br />Interest on Construction Fund <br /> <br />Total Sources <br /> <br />$3,000,000 <br /> 1,150,000 <br /> 58,035 <br /> <br />$4,208,035 <br /> <br />Uses <br /> <br />Hard Construction Costs <br />Construction Soft Costs <br />Operating Fund/Contingency <br />Capitalized Interest <br />Finance Related Expenses <br /> <br />Total Uses <br /> <br />$3,450,000 <br />314,000 <br />85,039 <br />220,558 <br />138,438 <br /> <br />$4,208,035 <br /> <br />A more detailed listing of the Sources and Uses can be found in Exhibit 1. <br /> <br />Page 3 <br /> <br /> <br />