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Table A-10. Scenario 2:
<br />Post -1995 Cashflow
<br />Cash Flow Escalator
<br />Tenant Rents 2.50%
<br />Rental Subsidy
<br />Vacancy 5%
<br />Effective Gross Income
<br />Operating Expenses (Less Services)3.50%
<br />Resident Service Expenses 3.50%
<br />% of Service Expense Target
<br />Net Operating Income
<br />Replacement Reserves 3.50%
<br />% of Replacement Reserve Target
<br />Proposed Ordinace Fee 3.50%
<br />Cash available for debt service
<br />Debt Service
<br />Net Cash
<br />Debt Service Coverage Ratio
<br />Additional Subsidy Required
<br />General Partner Fee
<br />Residual Receipts
<br />Developer 35%
<br />Other Public Funding 44%
<br />City of Redwood City 22%
<br />100%
<br />Yr21 Yr22 Yr23 Yr24 Yr25 Yr26 Yr27 Yr28 Yr29 Yr30
<br />$3,084,400 $3,161,511 $3,240,548 $3,321,562 $3,404,601 $3,489,716 $3,576,959 $3,666,383 $3,758,043 $3,851,994
<br />$576,600 $576,600 $576,600 $576,600 $576,600 $576,600 $576,600 $576,600 $576,600 $576,600
<br />($183,050)($186,906)($190,857)($194,908)($199,060)($203,316)($207,678)($212,149)($216,732)($221,430)
<br />$3,477,950 $3,551,205 $3,626,291 $3,703,254 $3,782,141 $3,863,000 $3,945,881 $4,030,834 $4,117,910 $4,207,164
<br />$1,684,834 $1,743,803 $1,804,836 $1,868,005 $1,933,386 $2,001,054 $2,071,091 $2,143,579 $2,218,604 $2,296,256
<br />$198,979 $205,943 $213,151 $220,611 $228,333 $236,324 $244,596 $253,157 $262,017 $271,188
<br />100%100%100%100%100%100%100%100%100%100%
<br />$1,594,138 $1,601,459 $1,608,304 $1,614,637 $1,620,423 $1,625,622 $1,630,194 $1,634,098 $1,637,289 $1,639,721
<br />$100,484 $104,001 $107,641 $111,409 $115,308 $119,344 $123,521 $127,844 $132,319 $136,950
<br />100%100%100%100%100%100%100%100%100%100%
<br />$94,656 $97,969 $101,398 $104,947 $108,620 $112,422 $116,357 $120,429 $124,644 $129,007
<br />$1,398,997 $1,399,488 $1,399,264 $1,398,281 $1,396,494 $1,393,856 $1,390,317 $1,385,825 $1,380,326 $1,373,764
<br />$1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621 $1,186,621
<br />$212,376 $212,867 $212,643 $211,660 $209,873 $207,235 $203,695 $199,204 $193,705 $187,143
<br />1.18 1.18 1.18 1.18 1.18 1.17 1.17 1.17 1.16 1.16
<br />$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
<br />$25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
<br />$187,376 $187,867 $187,643 $186,660 $184,873 $182,235 $178,695 $174,204 $168,705 $162,143
<br />$64,880 $65,050 $64,972 $64,632 $64,013 $63,100 $61,874 $60,319 $58,415 $56,143
<br />$81,664 $81,878 $81,781 $81,352 $80,573 $79,424 $77,881 $75,923 $73,527 $70,667
<br />$40,832 $40,939 $40,890 $40,676 $40,287 $39,712 $38,940 $37,962 $36,763 $35,333
<br />Economic & Planning Systems, Inc. A-11 Appendix A
<br />Cont.
<br />8.A. - Page 120 of 168
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