DOWNTOWN LINCOLN Historic Survey
KANSAS HISTORIC RESOURCES INVENTORY SURVEY REPORT Downtown Lincoln Historic Survey 2019
Town and County—the preeminent Main Street
DOWNTOWN LINCOLN Historic Survey DOWNTOWN LINCOLN Historic Survey - - PowerPoint PPT Presentation
KANSAS HISTORIC RESOURCES INVENTORY SURVEY REPORT Downtown Lincoln Historic Survey 2019 Town and County the preeminent Main Street DOWNTOWN LINCOLN Historic Survey DOWNTOWN LINCOLN Historic Survey LINCOLN DOWNTOWN Historic Survey DO
Town and County—the preeminent Main Street
Buy Building $40,000 Land valued at $5,000 less depreciation Adjusted Basis $35,000 Rehabilitation Project QRE Non- Qualified Roof 22,500 New HVAC 15,000 New flooring 7,500 Displays/equi pment 2,400 Sign 600 45,000 3,000 federal KS Rehab Cost (QRE) 45,000 45,000 exceeds Adj Basis x.25 Qualify for Federal 0.04 11250 per year 1800 0.9 5 years 9000 10,125 sell state credit at .90 cents Net cost of project $28,875
Debt Service Building 35000 QRE 45000 Non-qualified 3000 Total Cost 83000 Down payment
KS HTC
Finance 63,000 20 years, 4.5% $450 monthly debt service annual balloon payment first 5 years 1,800 Drop debt service $75-$100/month after $350 reinvesting Fed HTC 5 years Over next 15 years 18,000 less in debt service reducing net cost of project