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South Bend Redevelopment Commission - Resolution No. 1712 <br />1999 Leighton Plaza Retail Space and Plaza Budget <br />JOK Cash Balance 1/1199 $0 <br />Transfer from Fund 420 $34,000 <br />Beginning Balance $34,000 <br />Income <br />Gross Potential Rent ( July -December) $60,512 <br />(Vacancy Loss) ($37,753) <br />(Rent Concessions) ($7,311) <br />Common Area Maintenance Income $2,167 <br />Total Income $17,615 <br />Expenses - Retail Space <br />Administrative Expenses <br />$390 <br />Common Area Maintenance Grounds <br />$1,100 <br />Maintenance Suprervisor Labor <br />$1,500 <br />Common area Meintenance <br />$984 <br />Management Fees <br />$2,958 <br />Pest Control <br />$120 <br />Repair Contract <br />$300 <br />Repairs materials <br />$300 <br />Trash Removal <br />$1,350 <br />Vacancy Electric (Non -Cam) <br />$600 <br />Total Operating Expenses - Retail Space <br />$9,602 <br />Insurance (plate glass) <br />$120 <br />Total Expenses - Retail Space <br />$9,722 <br />Net Operating Income <br />$7,893 <br />Leasing Commissions <br />$35,226 <br />Net Income - Retail Space <br />($27,333) <br />Expenses - Plaza Maintenance <br />Daily Policing of Grounds <br />$5,346 <br />Grand Opening <br />$267 <br />snow Shoveling $321 <br />Ice Melt $40 <br />Replacement of Light bulbs $20 <br />Bulb allowance $30 <br />Bi- annual Power Washing of Plaza $0 <br />Total Expenses - Plaza Maintenance $6,024 <br />Net Operating Income - Retail and Plaza ($33,357) <br />Projected Cash Balance 12/31/99 $643 <br />