2-Attachment E - Financial Pro Forma Instructions.xlsx

This is a Financial Pro Forma Instructions document prepared for the Redevelopment Agency of Murray City, Utah, in connection with the Old City Hall Redevelopment project located at 5025 South State Street in Murray. The RDA is soliciting proposals from qualified developers for redevelopment of approximately 5.98 acres as a privately owned mixed-use development with meaningful commercial activity along State Street to support economic redevelopment objectives within Murray's City Center. The solicitation is qualifications and concept-based, with the selected proposer to be invited into negotiations toward redevelopment and disposition agreements subject to RDA Board approval.

Respondents must submit a Development Pro Forma with a cover sheet that serves as a data point locator, identifying the exact location of required financial information within their submitted model. Required submissions include a complete development budget (hard costs, soft costs, and land acquisition costs), sources and uses of funds (debt financing, equity financing, grants and incentives), a stabilized operating pro forma (revenue, operating expenses, and net operating income), investment returns analysis (IRR, cash-on-cash return, and yield on cost), a development and stabilization timeline (predevelopment milestones, construction completion, and lease-up/stabilization), and sensitivity analyses for interest rates, construction costs, absorption/lease-up, and rent/revenue scenarios. Respondents must certify that referenced locations in their pro forma accurately correspond to the required data points and submit the cover sheet as the first page of their Development Pro Forma Instructions.