Funding Request Form
Funding Request Form:
Development Concept Proposal
Date:
Name:
Company:
Project Name:
Ph #:
Reference:
Applicant shall submit a conceptual design proposal
consisting of the following elements:
1. Narrative Description of Development Concept: Provide a narrative description of the development objectives: size, nature and location of the
proposed land uses, urban design and architecture. Include specific statements indicating how the Development Concept advances the goals of the Town and any relevant Policy or Vision
Documents, specifically its ability to provide a public benefit.
2. Conceptual Design: Applicant shall submit a Conceptual Design and state (illustrate) any aspect of the design that
does not conform to applicable Town of Avon, Colorado codes and standards. The Conceptual Design shall consist of drawings (elevations and perspectives optional). Additional descriptions
of color, material and size of structures, and landscaping will be appreciated.
3. Project Fact Sheet: The Applicant shall provide a project fact sheet indicating the following data
and information (as applicable):
a. Gross Building Area:
b. Housing (Number of Units and Type):
c. Restaurant Space (SF):
d. Office Space (SF):
e. Retail Space (SF):
f. Parking
Requirements:
g. Building Height:
h. Floor Area Ratio:
Funding Request Form (cont’d):
Development Concept Proposal
Date:
Name:
Company:
Project Name:
Ph #:
Reference:
The Applicant shall provide information in
the form of a Preliminary Summary Pro Forma to indicate the economic basis for the request. The purpose of this information is to demonstrate the economic feasibility of the proposed
development and shall be in such detail necessary to illustrate such feasibility including all major assumptions concerning costs, income and any economic “gap.“
Project Cost:
Land
and Parking Cost:
Land, xx square feet @ xx: $
Parking Costs, xx spaces @$xx:
Total Land and Parking Costs: $
Building Costs (including soft costs and contingency): $
Operating
Start-Up Costs: $
Financing and Carrying Costs: $
Total Project Cost: $
Project Operating Results, Stabilized Year (rental project):
Number of Rentable Square Feet @ xx%
Efficiency:
Scheduled Gross Rent @ $xx $
Less Vacancy and Credit Loss, xx%:
Effective Gross Income: $
Funding Request Form (cont’d):
Development Concept Proposal
Date:
Name:
Company:
Project Name:
Ph #:
Reference:
Less Operating Costs, xx% $
Real Estate
Tax @ xx% Facility Cost:
Net Operating Income: $
Operating Income as a Percentage of Project Cost: xx%
Difference in Value and Cost: $
Notes:
Building pad sites are available
for sale or long-term lease. The asking sale price is $xx per square foot; the asking long-term lease rate is $xx per square foot per year.
Parking costs reflect private sector contribution
to parking construction.
The number of required parking spaces will vary depending upon the mix of land uses proposed.
Operating costs should include a fee to be charged for maintenance
of common areas. This Common Area Maintenance (CAM) fee is estimated to range between $xx and $xx per square foot of gross building area.
As shown on the enclosed site map, portions
of the common areas, e.g. patio area, will be made available for lease by building owners and /or tenants.
Funding Request Form (cont’d):
Development Concept Proposal
Date:
Name:
Company:
Project Name:
Ph #:
Reference:
Applicant shall provide an estimated timeframe
for the following items (where available):
1. Initial purchasing and due diligence period:
2. Additional period for pre-leasing and due diligence, upon request from and showing
of need and progress by the Applicant:
3. Completion and submission to Town of final construction plans for development:
4. Completion and submission of construction financing commitment
for development:
5. Satisfaction of the conditions contained within construction loan commitment:
6. Commencement of development of project:
7. Completion of construction of
project: