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Landform Incentive Compensation <br />Project: CommonBond <br />a) <br />_o ro <br />ro <br />-o 0 <br />o c <br />CC <br />N i <br />O ,sir 0 <br />•Eu) C N <br />N O _c <br />0 a/ <br />t <br />O + t <br />o0 ++ <br />O c 3 <br />m <br />c o x <br />o o_ a) <br />E O Q <br />E Q E <br />O ,n O <br />V <br />y a) C <br />> CL <br />OS a) 0 <br />y > _C <br />Z a) <br />00 <br />C ro <br />al ,n <br />• <br />0 7 O <br />O. -c o <br />a) <br />a) <br />3 <br />a <br />N <br />tt <br />a) <br />U <br />tt <br />a) <br />o <br />Lu <br />CC <br />CO <br />m <br />V <br />ro <br />O <br />m <br />O <br />E <br />E <br />O <br />V <br />Coborn's and The Residence for the location. <br />CommonBond is proposing a 47 unit apartment complex. <br />0 0 0 <br />o (0 0 ' <br />N 0 m 0 <br />w o m 0 <br />H VI' 0 <br />D m m l.fl <br />p m <br />cc <br />Incentive Fee Calculation <br />0 <br />0 <br />0 <br />0 <br />0 <br />Net Land Sale Price <br />4, <br />1,880,903.00 <br />0 0 <br />0 0 <br />0 Cr) <br />a) <br />•N O <br />_ <br />m C <br />tia E <br />a, E <br />To La <br />> •5 O <br />00 m 0_ <br />C E <br />7 O_ <br />CO cn <br />Site Subsidies <br />1, <br />V <br />0 <br />0 <br />0 <br />N <br />_c <br />a) <br />VI <br />O <br />E <br />O <br />N <br />N <br />N 6 <br />O ,n <br />V ID <br />w ) <br />O <br />V) Ln <br />4-5 C 0 <br />a) <br />E <br />Q <br />O N <br />a) <br />a, <br />0 <br />$ 1,243,867.20 <br />1,362,408.00 <br />Max of 20% of A through C <br />$ 7,463,203.20 <br />$ 6,751,958.40 $ 8,174,448.00 <br />Total Development Capital Costs (DCC) <br />135,039.17 $ <br />Total Incentive Fee (2% of DCC) <br />Payment Schedule <br />29,852.81 ** <br />C <br />0 <br />c +, <br />o c o <br />IP o c <br />N ro •a) <br />c n CL <br />E E <br />d- CCO o E E o <br />0 <br />Lfl 00 N 04-5 o0 0c0 <br />C C f0 <br />00 N CY a) •C <br />ci E c o <br />n ro o <br />o d 0 <br />* 0 ai v <br />a > oo <br />al co al m Ln v <br />h CO h O ro a) <br />b m b oo m o= <br />rn rn rn CO a) c To <br />(0 0 (o > > <br />N 00 N CO' C 0 00 <br />m of CO (o a) 4- C <br />ci 0 -0 L6 <br />C <br />V). V). V). i.O. - - Q <br />a) E To <br />co 0 co N _ C <br />00 Lfl 00 ci = Ln w <br />0 N 0 m c v ao <br />0 0 0 o a) ro •E <br />n ri N Ln E y <br />N 00 N m o a) C E <br />v <br />n <br />a`o aa) <br />Q -o <br />a) L ,n <br />_c _ = <br />C +, <br />o <br />0 ci ' VI <br />m °, 0 = <br />C = c Too O o > <br />E <br />0 a) o <br />Ln Y O a+ <br />C -0 = <br />.Eu) T J c <br />t O <br />La s-i0 +., 3 a) <br />pa., Y 'O <br />N C 0 > <br />0 <br />w v a,O <br />O +-o <br />0o ro E• S <br />, ao 0_ <br />0 N C a) ro C <br />O 0_ a 3 <br />o <br />C >• N a) <br />N CO -- ON C C <br />E C r0 <br />N <br />a) I c + 0 i) Ov Q <br />v ' ON m n <br />s v c <br />Q o o T o_ O •- <br />N o0 (.0d o N v C) <br />Q 0 a) c <br />o i NO 0 O <br />U <br />cc <br />0 0o\' O ++ V <br />7 _ U <br />0 = -o <br />Q Q Q CC rco <br />N <br />w <br />H <br />0 <br />z <br />Route 2 obligates HRA to payment now not knowing if CommonBond project will come to fruition <br />