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q. � -q2 <br /> TABLE 2 <br /> ESTIMATED NET OPERATING INCOME <br /> DOWNTOWN RETAILICINEMA PROJECT <br /> REDEVELOPMENT AGENCY OF THE CITV OF REDWOOD CT' „ <br /> I. Rental Ineome Rantable Area ReM <br /> Theater Allp��� $� 750 ppp <br /> Credit Tenants 50,950 SF S22.B0 /SF 1,782,000 � <br /> Shops 33,850 SF 530.00 /SF 1,016,000 <br /> ToWI $3,928.000 <br /> <Less> Vacancy on Non-Credk Tenants 5.0% ($50,800) � <br /> Effectiva Groas Ineome 3 gn Z00 <br /> II. Operatfnst Expenses <br /> � Management Fee 3.0°k ($116,000) <br /> Reserves ($20,000) <br /> � . � ($136,000) <br /> III. Net Operating Income 3 �y� Z00 <br /> IV. 7arget Retum on Invsstment 11.5% <br /> V. Supportablelnvestment $32,532,000 � <br /> Vi. Less Development Costs Bafore Land ($25,046,000) �� <br /> VII. Reuse Value $� 4 � 0 � <br /> Rounded $7,500,000 <br /> PREPARED BY: KEVSER MARSTON ASSOCIATES, INC. <br /> FlLENAME'. 18610.001\Ratail Cinema Profortne 11-25-021 xls; NOI; 71/252ppp; Y.7{ pM; RTK entl WCM. <br />