Get documents about "Reallocation
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BUDGET REALLOCATION REQUEST
BORROWER: DATE:
PROJECT: DRAW NO.:
ALL Change Orders (CO's) for direct construction or any budget reallocations must be referenced on this form and are subject to approval as provided in, but not limited to, the
Construction Loan Agreement. Copies of all CO's (AIA G701) must be submitted, regardless of any approval limitations, and approved prior to a request for payment being
submitted.
Indicate below the reallocations being requested:
AMOUNT FROM COST CATEGORY TO COST CATEGORY CO # EXPLANATION CODE
EXPLANATION CODES
The undersigned hereby certifies that (1) the reallocations requested herein are valid and reasonable; (2) the
remaining balance in the construction loan or project fund is sufficient to complete the project and to pay all 1. Adjust line to actual contract amount.
obligations thereof; (3) that there have been no actions which would result in a default under the terms of any and 2. Increase to contract due to materials revision.
all loan/bond documents, and (4) the Borrower hereby agrees with and approves the requested reallocations. 3. Decrease to contract due to materials revision.
4. Change in contract due to change in scope
Borrower: Date: ____________________________ of work (+-).
Its: 5. Work complete, move excess funds to
contingency.
Before me, a Notary Public, personally appeared 6. Reallocation for overruns from contingency.
who is personally known to me (or) presented 7. New line item not in original budget.
for identification, who acknowledged that he/she executed this document for the purpose herein. 8. Reallocation-cost savings between buildings.
9. OTHER:
My Commission Expires:
Notary Public
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CONSTRUCTION PROGRESS SCHEDULE
Draw No.:
Date:
PROJECT NAME: Borrower:
Property Location: New Construction: Rehab:
General Contractor: Total Construction Costs: $
Estimated Construction Period: Number of Buildings: Total Units:
MONTH/YEAR
Estimated Work in Place
ACTUAL Work in Place
Estimated % Complete
ACTUAL % Complete
Estimated # Units Complete
ACTUAL # Units Complete
Submitted by:
General Contractor: Date:
Approved by:
Inspecting Engineer: Date:
Supervising Architect: Date:
NOTE: This form is part of First Housing's construction requisition package and must be submitted with each construction requisition request. Failure to properly complete or to submit may delay disbursement.
G:\USERS\COMMON\Construc\a03379ab-d362-4a2f-b880-d3b1443c651b.xls - Progress
REQUISITION FOR CONSTRUCTION LOAN ADVANCE
PROJECT: REQUISITION NO.
PROJECT ADDRESS:
PERIOD FROM: TO: DATE:
BORROWER:
INSPECTING ARCHITECT/ENGINEER:
SUMMARY OF REQUISITION
DIRECT HARD COSTS $
LESS RETAINAGE ( %) - $
SOFT COSTS + $
TOTAL REQUESTED = $
OWNER'S CERTIFICATION AND APPROVAL OF REQUESTED DISBURSEMENT
THE UNDERSIGNED OWNER(s) certifies that (1) he has inspected the progress of the construction and that the work covered by
this Requisition For Construction Loan Advance has been completed and the materials put in place in accordance with the plans,
specifications and Construction Contract, and (2) the funds now requested as shown and evidenced by this Requisition for Construction
Loan Advance No. _____ are due and owing and are to be used for the sole purpose of paying for materials used and/or labor or
services performed herein described, and (3) all costs of materials, labor and/or services prior to this Requisition have been paid in full,
and (4) that the remaining balance in the Construction Loan will be sufficient to complete the project and to pay all obligations thereof,
and (5) that there have been no actions which would result in default under the terms of the mortgage, note, construction loan
agreement or other loan documents which have been executed in connection with this loan, and (6) that except for liens in favor of
Lender, there are no liens outstanding against the premises which are securing repayment of the Loan from the Lender to the
undersigned and (7) that he (they) hereby approve the requested disbursement under the terms of the Construction Loan Agreement
and/or the Construction Loan Escrow and/or Disbursing Agreement.
The Owner(s) further certifies that all taxes and special assessments which may be now due and payable have been paid (include
copy of tax receipt if not previously furnished).
Signed this day of , 20_____
By:
(Owner)
(Title)
STATE OF FLORIDA
COUNTY OF
BEFORE ME, a Notary Public, appeared , who is personally known
to me (or) presented for identification, who acknowledged before me that he
(they) executed the foregoing instrument for the use and purpose thereof.
IN WITNESS WHEREOF, I have hereunto set my hand and seal at this
day of 20__.
My Commission Expires: Notary Public
DISBURSING AGENT'S CERTIFICATION
We hereby certify that we have examined all paid bills, lien waivers and other documents submitted to us in support of this
Requisition for Construction Loan Advance. From information contained in the current title report, we certify that, to the best of our
knowledge, there have been no instruments filed of record through the date of the title report, and are not aware of the existence of any
conditions, which in any way may disturb the priority of the _______ mortgage lien of _____________________________. We make no
certification, however, with respect to the state of progress of the building improvements or that construction has been completed in
accordance with the final plans and specifications.
FIRST HOUSING DEVELOPMENT CORPORATION OF FLORIDA
By:______________________________________________
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REQUISITION #:
DATE:
PAYABLE TO:
Other Income
FHDC 0 FHFA 0 Source 0 Equity 0
Use of Funds Draw No. Prior Equity Total Balance to Current Total Current Total Current Total Current Total
Number Description Budget ____ Drawn Funded Expended Complete Draw Drawn Draw Drawn Draw Funded Draw Funded
Sample Breakdown (a) (b) (c) (d) (b+c+d) (a)-(b+c+d)
100 Land
200 Site Development Fee
201 Hard Costs
202 Hard Cost Contingency
203 Construction Supervision
300 F,F&E (W/D Personalty)
301 Impact/Permit Fees
302 Architect & Engineer
303 Accounting
304 Appraisal/Environmental
305 Legal
306 Marketing
307 Closing Costs
308 Taxes/Insurance & Utilities
309 Administrative Overhead
310 Interest Reserve
311 Loan Fees - 1st Mortgage
312 Loan Fees - 2nd Mortgage
313 Tax Credit Fees
314 Developer's Cash Reserve
315 Deferred Developer's Fee
316 Developer's Fee
317 Due Diligence/Start Up
TOTALS
G:\USERS\COMMON\Construc\a03379ab-d362-4a2f-b880-d3b1443c651b.xls - Requisition
PROJECT NAME: DRAW NO.
LOCATION: PERIOD to
LINE ITEM BUDGET PREVIOUSLY CURRENT TOTAL TO REMAINING (Hard Cost)
(Hard & Soft Costs) AMOUNT REQUESTED REQUEST DATE FUNDS RETAINAGE
$ $ $ $ $ $
SAMPLE DOCUMENT ONLY
G:\USERS\COMMON\Construc\a03379ab-d362-4a2f-b880-d3b1443c651b.xls - Budget
