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Shasta Street <br />Detailed Budget <br />DEVELOPMENT BUDGET <br />Item Per UnitTotal Project Cost <br />Subtotal Construction Financing 8,277,592 82,776 <br />PERMANENT FINANCING <br />Loan Origination Fee 117,938 1,179 <br />Title and Recording 15,000 150 <br />Title insurance & endorsements 5,000 <br />Escrow & recording 10,000 <br />Other 0 0 <br />[Enter other applicable costs] <br />[Enter other applicable costs] <br />[Enter other applicable costs] <br />Subtotal Permanent Financing 132,938 1,329 <br />LEGAL FEES <br />Lender Legal Paid by Applicant 60,000 600 <br />Other Legal 50,000 500 <br />Transaction 50,000 <br />Other 0 <br />Subtotal Legal Fees 110,000 1,100 <br />RESERVES <br />Operating Reserves 3 525,367 5,254 <br />Section 8 Transition Reserve Y 15 0 <br />Replacement Reserve 0 <br />Subtotal Reserves 525,381 5,254 <br />REPORTS <br />Appraisal 15,000 150 <br />Acquisition 10,000 <br />Other / updates 5,000 <br />Market Study 22,687 227 <br />Capital Needs Assessment 0 0 <br />Tree study/Arborist 3,300 33 <br />Subtotal Reports 40,987 410 <br />SOFT COSTS <br />TCAC Fees 77,848 778 <br />Environmental Audit 192,750 1,928 <br />Phase I 0 <br />Phase I updates 4,000 <br />LBP / Asbestos report 10,000 <br />Methane testing 0 <br />Soils 0 <br />Phase II 91,750 <br />Other: EIR 87,000 <br />Marketing 94,390 944 <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 162 of 336