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Shasta Street <br />Detailed Budget <br />DEVELOPMENT BUDGET <br />Item Per UnitTotal Project Cost <br />Predevelopment II 291,250 2,913 <br />Loan interest Other 281,250 <br />Loan fees 10,000 <br />Title & escrow <br />Predevelopment III 0 0 <br />Loan interest 0 <br />Loan fees 0 <br />Title & escrow <br />Subtotal Predev & Acq Financing 369,167 3,692 <br />CONSTRUCTION FINANCING <br />Construction Loan Interest 6,413,839 64,138 <br />Origination Fee / Credit Enhancement 311,690 3,117 <br />CDLAC & CDIAC Fees 41,168 412 <br />LACDA Fee - 0 <br />Taxes 1.25%750,000 7,500 <br />Insurance 631,082 6,311 <br />Predevelopment (property & liability)0 <br />Course of construction 554,534 <br />Operating (year 1)76,548 <br />Title & Recording 103,613 1,036 <br />Title insurance & endorsements $0.0015 93,613 <br />Escrow & recording 10,000 <br />Lender Transaction Costs 26,200 262 <br />Lender appraisal 10,000 <br />Lender construction monitoring 600 13,200 <br />Other lender expenses 3,000 <br />Bond-related expenses Issuer:Other 0 0 <br />Issuer 0.00%0 <br />TEFRA & app fee 0 <br />Bond Counsel (Issuer)0 <br />Underwriter 0.60%0 <br />Counsel to the Underwriter 0 <br />Trustee 0 <br />Counsel to the Trustee 0 <br />Printing (POS/OS)0 <br />Rating Agency 0 <br />Cash Flow Preparation 0 <br />Cash Flow Verification 0 <br />Issuer Financial Advisor 0 <br />Fannie Mae Counsel 0 <br />Prepaid annual issuer fee 0 <br />Miscellaneous/COI Contingency 0 <br />920 Shasta_100units_4+_AHSC+IIG_2024 06 24ATTY/ORD.0002/CC ORD APPROVING DEVELOPMENT AGREEMENT (901 EL CAMINO REAL) - EXHIBIT A <br />REV: 04-23-25 VR <br /> <br />Page 161 of 336