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Exhibit E <br />Additional Funds — $360,000 <br />1. Use. Contractor shall use the funds provided hereunder exclusively for the soft costs of the <br />subject Property as set forth below for the construction of new condominium units to be sold <br />to and occupied by Eligible Households (as defined in Section 8, Affordability Covenant) <br />pursuant to this Agreement. <br />2. Form of CDBG Subsidy. The CDBG financial assistance of Three Hundred Sixty Dollars <br />and no/100 dollars ($360,000) from the City as provided to Contractor shall be paid to <br />Contractor on a reimbursement basis. . <br />Soft Costs <br />Total Budget <br />RWC CDBG <br />FY 16/17 <br />RWC CDBG <br />Amount <br />FY 19/20 <br />Architecture/Engineering <br />775,445 <br />117,490 <br />80,000 <br />Legal <br />60,000 <br />- <br />- <br />Market Study/Appraisal <br />14,840 <br />- <br />- <br />Marketing, Sales & HOA <br />65,900 <br />- <br />- <br />Audit/Cost Certification <br />5,821 <br />- <br />- <br />Title/Escrow and Closing Costs <br />100,000 <br />- <br />- <br />Furnishings and Equipment <br />5,000 <br />- <br />- <br />Permits and Fees <br />558,429 <br />- <br />280,000 <br />Soft Cost Contingency and Reserves <br />134,993 <br />- <br />- <br />Taxes and Insurance <br />641,093 <br />- <br />- <br />Reprographics & Printing <br />10,000 <br />- <br />- <br />Permanent Financing <br />127,143 <br />- <br />- <br />HHGSF Administrative Costs <br />463,000 <br />- <br />- <br />Total Soft Costs <br />2,961,664 <br />117,490 <br />360,000 <br />REV: 03-05-2020 PR <br />