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<br />C. Describe basis or justification for cost estimate: <br />Contracts for purchase and estimate of other acquisition costs. <br /> <br />D. Are additional funds required for this project? (circle one) (YES) (NO) <br /> <br />If yes, how much $ 730,000 <br /> <br />List the other anticipated sources for this funding and amounts anticipated. <br /> <br />Proceeds of loan <br /> <br />$ 1. 500.000 <br />$ <br />$ <br />$ <br />$ <br /> <br />Explain how these other sources of funding will be used to either complete or <br />expand the SNP bond funded grant or total project: <br />Aquire land and development of project. <br /> <br />If any of these other sources of funding don It fully materialize, how will that affect <br />the SNP bond funded grant or total project: <br />The project will go forward with available General Fund transfers. <br /> <br />E. Upon completion, will the work funded by this grant result in increased or new <br />annual maintenance and operation costs? Yes <br /> <br />Upon completion, will the work funded by this grant result in increased or new <br />annual programming costs? Yes <br /> <br />Who will assume the increase costs? City of Sunny Isles Beach <br /> <br />IV. Required attachments to be submitted with this grant application: <br />1. Letter(s) committing required match. <br /> <br />2. Completion of the attached drawdown schedule. <br /> <br />v. As a condition of the grant, the applicant agrees to execute a grant agreement and <br />to comply with all terms and conditions of that grant agreement, the <br />Adn;tinistrative Rules of the SNP Bond Program and the SNP Bond Ordinance. <br /> <br />Required attachments to be submitted prior to execution of grant agreement <br />include but.may not be limited to: <br /> <br />Page 4 of 5 <br />