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Participant successfully secured Califomia Department of Housing and Community Development
<br /> Emergency Housing Assistance Program for Capital Development (EHAPCD) funds, in addition to the
<br /> CDBG -CIP funds provided by the City, for the rehabilitation of its Sister Me Horne Facility.
<br /> However, due to the considerable predevelopment expenses that need to be expended, such as building
<br /> permits, prior to CA State HCD allowing Participant to access the EHAPCD funds, Participant requests
<br /> reallocation of its CDBG funds from hard costs towards eligible predevelopment expenses, specifically
<br /> architectural & engineering services, environmental reports and surveys, permits & fees, and project
<br /> management fees. Participant submits to City this revised Scope of Work and Budget:
<br /> SISTER ME HOME SOURCES AND USES
<br /> TOTAL SOURCES
<br /> Development Budget PROJECT EHAPCD City San
<br /> COSTS Leandro
<br /> HARD COSTS
<br /> Structures $ 319,039 $ 309,039 $ 10,000
<br /> General Requirements $ 7,950 $ 7,950 $ -
<br /> Contractor Overhead $ 29,144 $ 29,144 $ -
<br /> Contractor Profit $ 29,144 $ 29,144 $ -
<br /> Remediation $ 6,000 $ 6,000 $ -
<br /> Subtotal Hard Costs $ 391,277 $ 381,277 $ 10,000
<br /> SOFT COSTS
<br /> Architectural and Engineering $ 31,000 $ 11,000 $ 20,000
<br /> Bond Premium /Insurance $ 7,476 S 7,476 $ -
<br /> Escrow and Title $ 10,000 $ 10,000 $ -
<br /> Legal $ 2,500 $ 2,500 $ -
<br /> Appraisal Costs $ 1,000 $ 1,000 $ -
<br /> Environmental Report/Surveys $ 3,000 $ - $ 3,000
<br /> Permits and Fees $ 6,000 $ - $ 6,000
<br /> Furnishings $ 5,000 $ 5,000 $ -
<br /> Consultant/Processing Agent $ 12,000 $ 1,000 $ 11,000
<br /> Project Administration $ 22,960 $ 22,960 $ -
<br /> Soft Cost Contingency (incl. competitive bidding expenses) $ 3,000 $ 3,000
<br /> Const. Management Oversight $ 14,000 $ 14,000 $ -
<br /> Subtotal Soft Costs $ 117,936 $ 77,936 S 40,000
<br /> TOTAL PROJECT COST $ 509,213 $ 459,213 $ 50,000
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