Common use of Projected Construction Cash Needs Clause in Contracts

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 required monthly to fund the construction in this application. With the projected funds required monthly to pay contractor invoices, the applicant should work with GLO to identify the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up front.

Appears in 1 contract

Samples: Glo Contract

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Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 158,223 required monthly to fund the construction in this application. With the projected funds required monthly to pay contractor invoices, the applicant should work with GLO to identify the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up front.

Appears in 1 contract

Samples: s3.glo.texas.gov

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 436,727 required monthly to fund the construction in this application. With the projected funds required monthly to pay contractor invoices, the applicant should work with GLO to identify the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up front.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 105,515 required monthly to fund the construction in this application. With The applicant has proposed construction financing through BHHH Companies Inc. to float the projected funds required monthly to pay contractor invoices, needed during the applicant should work with GLO to identify construction period while they await reimbursement from the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up frontGLO.

Appears in 1 contract

Samples: Glo Contract

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Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 490,888 required monthly to fund the construction in this application. With the projected funds required monthly to pay contractor invoices, the applicant should work with GLO to identify the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up front.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $106,448 131,753 required monthly to fund the construction in this application. With the projected funds required monthly to pay contractor invoices, the applicant should work with GLO to identify the time-period required to process CDBG-DR reimbursements and consider any responsibility in funding costs up front.

Appears in 1 contract

Samples: Glo Contract

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