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Development <br />Scenario C1 - <br />Feasibility <br />Costs include prevailing wage and exclude <br />land purchase price/ground lease. <br />May 11, 2026 Middlefield Library Lot B Design & Feasibility Analysis 12 <br />State, local, or private funding <br />City funding <br />Total Project Cost 77,576,600$ <br />City Office Space Cost (Including <br />Improvements)1,011,000 <br />Library Parking Cost 5,765,900 <br />Projected Non-Residential Gap 6,776,900$ <br />Residential Cost 70,799,700$ <br />Projected Debt Financing 19,823,900 <br />Projected Tax Credit Equity 31,859,900 <br />Deferred Developer Fee 4,956,000 <br />Projected Residential Gap 14,159,900$ <br />Gap per unit 202,280 <br />Project Total Gap 20,936,800$