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BUDGET NARRATIVE <br />1. Funding Utilization: Describe how the funds will be used to support the proposed <br />project. For example, will the funds be used for staff time, supplies, consultants, <br />contractors, construction costs, direct customer services, etc.? (250 words max.) <br />Projected use of Kittitas County Affordable Housing Funds: <br />2024: Pre -Development expenses: Architectural Plans, Civil Engineering plans, <br />Landscaping plans, Environmental Testing, Property Survey, Legal fees, Appraisal, <br />Zoning approval, Construction permits. Total cost estimate $112,000 <br />2025: Infrastructure costs, primarily sidewalks and other pedestrian paving not <br />covered by $2M state CHIP grant. Total cost estimate: $155,000 <br />2026: Final opening contingency costs recommended by architectural cost estimating <br />Firm RC Cost Group, based on the last four years of construction price inflation and <br />supply chain issues, completed October 2023. Total cost estimate: $71,000 <br />2. Other Support: Describe any monetary, in -kind, donations, grants, or other types of <br />support that will be used for the project. Include both guaranteed support and support <br />that may still be uncertain. (250 words max.) <br />• Odd Fellows Lodge 20 owns the land, traditionally at least 20% of total project value. <br />• $5,000,000 Housing Trust Fund grant for construction (September 2024) <br />• Private donors, including $25,000 already received. <br />• OFLHP board members will complete SEPA and other environmental regulatory <br />applications either pro-bono or at a reduced rate. Already completed Wetland <br />Delineation for $1,700-- charging only for monitoring equipment, labor was donated, <br />saved more than $5,000. <br />• $2,000,000 application for Washington State CHIP grant-- Connecting Housing to <br />Infrastructure Projects (completed October 2023) <br />• Washington state department of Commerce Rural Technical Assistance Grant has already <br />paid for more than $31,000 of billable hours for OFLHP developer ORFH. <br />• Application for City of Ellensburg Affordable Housing Commission funds (January or <br />February 2024) <br />8 of 9 <br />