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����&�����K ����}T���Y��nJ��/��J����&J���(�� <br />"`^,~~.`~~^",� ^�^^`�.,����,^x~m .+/"^"^ ^�^^^-^^^^�`/-. <br />FinancaI award is based on availability offunds. Maximum funding is set based on actual project need <br />after a detailed financial analysis of the Developer and the project. The City reserves the right to <br />contract with a third -party for financial analysis, which costs of said analysis are the responsibility of the <br />Developer unless otherwise waived by the City. Owner equity must be greater than 10%. <br />.sE,F,; FdlIdi0g <br />Eligible uses offunding include; site acquisition, land irnprovements,buirding construction, and payment <br />of development fees. The City will not waive development fees (park dedication, trail development, <br />sanitary sewer, storrnwater) or permit fees), The City and Developer will need to work together to <br />identify a funding source forthese fees ifassistance 15 required specificto these fees. <br />Required aforx0at i(dv <br />1. Sources and Uses Statement {below) <br />I. Financial Scoring Scorecard <br />3. Organizational Financial Statements (2 years of P&L and Balance Sheet) <br />4. Personal Financtal Statements of Stakeholders and Tax Returns (2 years) <br />5. Project Pro forma/Projections (two [2] year and flfteen [15] year projections) <br />6. Letter(s) of Commitment from other Funding Sources (terms, conditions) <br />7. Proofthat the Propei-ty 15 not delinquent in Property Taxes <br />Sources and Uses <br />The Developer shall provide a detailed sources and uses statement. This shall include all sources of <br />financing for the project and how those funds will be used. The Applicant shall provide a detailed listing <br />of each. Owner equity shall be equity above and beyond any tax credit or grant source of funding, The <br />City will excrude any tax equity. <br />S( )URCLS ��OU��(� L0ES <br />'- - <br />Owner Equity A b7L%o. Land Acquisition <br />Bank Loan r23^ ?/V, oc-r Site Development <br />Other Loan Construction <br />Fed. Grant/Loan Engineering/Arch. Services <br />State Grant/Loan Debt Service <br />Contingencies <br />Tax Abatement Other <br />Revolving Loan Fund <br />Other 6/X), 0 <br />TOTxL PO, 00c, <br />Fv,Tiv\L <br />CC/ccc <br />The City reserves the right to requesadditional data regarding the above required information as well <br />as sources and uses. Review of sources and uses is subject to third -party financial analysis. <br />Rousing Assistance Policy Final Draft — Affordable (0 /20 2014) <br />12 <br />