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CERTIFICATE OF COSTS
<br />CHFA: 87 -007 -N
<br />Development Name: RIDGE VIEW COMMONS
<br />Mortgagor: RIDGE VIEW COMMONS ASSOCIATE
<br />Contractor: BOGARD CONSTRUCTION, INC.
<br /> Phis Certificate is made pursuant to the provisicas of the Loan
<br />Commitm dated November 2, , 1987
<br /> the actual cost to the Owner of labor and materials and necessary services for
<br /> the construction of the physical improvements in connection with the subject
<br /> project, after deduction of all kickbacks, rebates, adjustments, discounts made
<br /> Dr to be made to the Mortgagor, Sponsor any corporation, trust, partnership,
<br /> joint venture or other legal entity in which they or any of them hold any
<br /> interest, is as follows:
<br />IMPORTANT Column A Column B Column C
<br />Attach sheet(s) detailing payee(s)
<br />and purpose (item). Also indicate
<br />time periods for interest, taxes and
<br />insurance.
<br />Paid in Cash
<br />To Be Paid In
<br />Cash Within 45
<br />Days After Final
<br />Mortgage
<br />Determination
<br />Total
<br />1. Construction loan interest 5 -0- $ 510,000 $ 510,000
<br />2. Real estate taxes N/A N/A N/A
<br />3. Insurance -0- -0-
<br />4. Const. lending fees (1.5,) 172,000 172,000
<br />5. CHFA application, commitment
<br />fee (2.5%) -0- 234,000 234,000
<br />6. Legal fees 43,077.09 10,000 53
<br />7. 'title and recording expenses 25,225 3,258.68 28,483.68
<br />8. Organization expenses 161,000 54,400 215,400
<br />9. Marketing expenses 90,695.50 9,337 100,032.50
<br /> LO. Land -0- -0- -0-
<br /> L1. Consultant's fee 183,600 183,600
<br /> 12. Surveys, Permits, etc. -0- _ 534,332.60 534,332.60
<br /> L_3. Contractor's bond premium Included in construction costs
<br /> L4. Architect's fee- design -0- -0- -0-
<br /> l5. Architect's fee- insoection 151,532.95 ,000 160,532.95
<br /> 16. Other - Audit -0- 8.000 8,000
<br />Construction Inspector 67,507.87 -0- 67,507 87
<br />Soft Cost Contingency 46,753.59 28,246.41 75,000
<br />Construction Costs 10,409,377 1,233,838 11,643,215
<br />Furniture Contract 220,230.74 20,000 240,230.74
<br />TOTALS 811,398,999.74 $2,826,412.69 514,225,412.43
<br />14,360,000
<br />Reimbursements to City of -0- 134,587._.
<br />Pleasanton 2,.961,000.2l,
<br />It is hereby certified that all of the representations made by the undersigned
<br />in this Certificate of Cost and Loan Commitment are true and correct and that
<br />tiler:. is not any condition, event or act which would constitute an Event or
<br />Default thereunder, or which with notice, passage of time, or both, would
<br />constitute such an Event or Default.
<br />RIDGE j1 EW OMM. �ASSOI ATES
<br />mortgagor. Executive Directo.
<br />
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