Agenda 01/26/2016 Item #16D 2 1/26/2016 16.D.2.
EXECUTIVE SUMMARY
Recommendation to approve and authorize the Cnairman to sign a retained Program Income
Agreement between the Florida Department of Economic Opportunity and the Collier County
Board of County Commissioners and to authorize a budget amendment recognizing the revenue
received under the Community Development Block Grant in the amount of$34,820.55.
OBJECTIVE: To retain and reuse program income from the Immokalee Airport CDBG Project.
CONSIDERATIONS: In 2000, Collier County had a small cities designation and received Community
Development Block Grant(CDBG) funding through the State Department of Community Affairs (DCA)
now known as the Florida Department of Economic Opportunity (DEO). At this time an award was made
to the Immokalee Airport under Contract Number 00-DB-6B-09-21-01-E-05 for $750,000 to construct a
County-owned building located at the Immokalee Airport. This building previously was known as the
Global Facility which was leased to Global Manufacturing Technologies, Inc. The CDBG funds invested
in the facility represented a 51% federal investment. In accordance with 24 CFR 576, any funds
generated as a result of the federal investment are considered program income. From 2004 to 2013 the
Immokalee Airport remitted program income to the DCA/DEO.
In 2014, Community and Human Services, in conjunction with Growth Management staff and the County
Attorney's Office, sent correspondence to the DEO and requested that all future program income be
retained by the County and no longer be remitted to the DEO. Pursuant to 24 CFR 570.489(e)(3)(iii)
when a community is no longer considered a small city, but rather has been designated as an Entitlement
Community, they are permitted to request retention of all program income. As a result of this request, the
DEO agreed and has requested that the County enter into a formal Program Income Agreement with the
DEO for these funds.
The Immokalee Airport will, upon execution of this agreement, remit all funds to CHS who will receipt
the funds as program income and record them into the HUD Integrated Disbursement and Information
System (IDIS). These funds will be retained in IDIS and tracked. The Immokalee Airport will remit all
future program income to CHS on a routine basis. These funds less administrative expenses are to be set
aside for future eligible projects and will be brought back to the board for approval once a plan for
expenditure is developed.
The revenue will be used in compliance with federal grant regulations and will fund eligible expenses,
including administration.
Revenue received and not remitted to DCA/DEO:
Type of Revenue Amount 20%Admin Program
Program Income $34,820.55 $ 6,964.11 $ 27,856.44
Total $34,820.55 $6,964.11 $27,856.44
CDBG guidelines allow 20% of the program income to fund administration activities. The remaining
balance of$27,856.44 will be applied towards the program.
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1/26/2016 16.D.2.
FISCAL IMPACT: Funds in the amount of 534.820.55 will he paid from Airport Authority Fund 495 in
accordance with the Program Income Agreement. Future payment: le, CHS will be made annually% after
the collection of rent and calculation of the federal portion of program income. A budget amendment is
necessary to recognize the program income in the amount of $34,820.55 within Housing Grants, Fund
705 Project 33434
GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan.
LEGAL CONSIDERATIONS: This is approved for form and legally and requires a majority vote for
Board action.—JAB
RECCOMMENDATION: That the Board of County Commissioners approves and authorizes the
Chairman to sign a Program Income Agreement between the Florida Department of Economic
Opportunity and the Collier County Board of County Commissioners.
Prepared By:
Kristi Sonntag, Manager Federal/State Grant Operations; Community and Human Services
Allison Kearns,Financial &Operational Support Manager, Growth Management Department
ATTACHMENTS:
1)Program Income Agreement
2)Immokalee Incubator II Payment History through FY15
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1/26/2016 16.D.2.
COLLIER COUNTY
1boara of County Commissioners
Item Number: 16.16.D.16.D.2.
Item Summary: Recommendation to approve and authorize the Chairman to sign a
retained Program Income Agreement between the Florida Department of Economic
Opportunity and the Collier County Board of County Commissioners and to authorize a budget
amendment recognizing the revenue received under the Community Development Block Grant
in the amount of$34,820.55.
Meeting Date: 1/26/2016
Prepared By
Name: SonntagKristi
Title: Manager-Federal/State Grants Operation, Community &Human Services
12/14/2015 11:38:18 AM
Submitted by
Title: Manager-Federal/State Grants Operation, Community &Human Services
Name: SonntagKristi
12/14/2015 11:38:20 AM
Approved By
Name: Bendisa Marku
Title: Supervisor- Accounting, Community &Human Services
Date: 12/17/2015 9:54:00 AM
Name: TownsendAmanda
Title: Division Director-Operations Support, Public Services Department
Date: 12/21/2015 10:17:17 AM
Name: KearnsAllison
Title: Manager-Financial &Operational Sprt, Capital Construction&Maintenance Budget/Fiscal
Date: 12/30/2015 3:49:26 PM
Name: GrantKimberley
Title: Division Director-Cmnty &Human Svc, Community &Human Services
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1/26/2016 16.D.2.
Date: 1/4/2016 1 1:52:26 AM
Name: ShueGene
Title: Division Director- Operations Support. Growth Management Department
Date: 1/4/2016 5:45:01 PM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 1/5/2016 1:36:38 PM
Name: CarnellSteve
Title: Department Head-Public Services, Public Services Department
Date: 1/5/2016 4:09:02 PM
Name: OberrathKaren
Title: Accountant, Senior, Grants Management Office
Date: 1/8/2016 4:34:18 PM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 1/11/2016 2:01:58 PM
Name: StanleyTherese
Title: Manager-Grants Compliance, Grants Management Office
Date: 1/12/2016 4:30:44 PM
Name: Klatzkowieff
Title: County Attorney,
Date: 1/15/2016 11:41:13 AM
Name: CasalanguidaNick
Title: Deputy County Manager, County Managers Office
Date: 1/15/2016 2:50:42 PM
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1/26/2016 16.D.2.
Department of Economic Opportunity—Small Cities Community Development Block Grant Program
Program Income Agreement 8/4/2014
PROGRAM l INCOME AGREEMENT BETWEEN
THE FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY
AND
THE COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS
This Agreement,Number 15DB-SE-09-21-01-PII,is made and entered into by and between the
State of Florida, Department of Economic Opportunity("the Department"),and the Collier County Board
of County Commissioners ("the County"), to address the distribution of Program Income generated as a
result of Contract Number OODB-6B-09-21-01-E 05, award dated September 29, 1999, by the former
Florida Department of Community Affairs. The Small Cities Community Block Grant program is now
administered by the Florida Department of Economic Development. Contract Number OODB-6B-09-21-
01-E 05, was Administratively Closed on June 23, 2005, and Final Closed on February 9,2010.
WHEREAS, the Department of Community Affairs ("DCA") and the County entered into the
Agreement, pursuant to which DCA provided a subgrant of$750,000.00 to the County under the Small
Cities Community Development Block Grant(CDBG) Program as set forth in the Agreement;
WHEREAS,the County utilized Small Cities CDBG funding to construct a County-owned building
located at the Immokalee Airport(originally known as the Global Facility leased to Global Manufacturing
Technologies, Inc., as designated in Attachment K of contract number OODB-6B-09-21-01-E 05) that
generates rent dollars paid to the County;
WHEREAS,the County currently returns rent dollars generated by lease of the Small Cities CDBG
assisted County-owned building, as prescribed by Rule 73C-23.0051(10)(b), Florida Administrative Code;
WHEREAS, the County currently receives Entitlement CDBG assistance directly from the U.S.
Department of Housing and Urban Development(HUD);
WHEREAS,the County desires to retain and utilize all income, generated by the lease of the Small
Cities CDBG assisted County-owned building, to be utilized to supplement the programs and projects
assisted by the County's Community Development Block Grant Entitlement allocation;
WHEREAS,Federal regulation 24 CFR 570.489(e)(3)(iii) and HUD Notice CPD-04-11, dated
October 27,2004, allows the Department and the County to formulate an agreement to transfer the State-
grant-generated Program Income to the County's Entitlement program, the County has set up its
Integrated Disbursement and Information System (IDIS) access and agrees to enter the receipt of the
Program Income in IDIS and also agrees to track this new Program Income through its Entitlement
program, and agrees to use the program income in accordance with the Entitlement program
requirements;
WHEREAS,the County is aware that this Program Income must now be used in accordance with
Entitlement program rules; and
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1/26/2016 16.0.2.
Department of Economic Opportunity-Small Cities Community Development Block Grant Program
Program income Agreement 8/4/2014
WHEREAS, the. Department and the County desire to implement changes to the disposition of
Program Income generated from the Small Cities CDBG assisted project from this point forward, allowing
the County to retain such Program Income to be distributed to and utilized by the County's Entitlement
CDBG Program.
NOW,THEREFORE, in consideration of the mutual promises of the parties contained herein, the
parties agree as follows:
1. From the date of execution by both parties,the County shall retain all Program Income, as allowed
by 24 CFR 570.489(e)(3)(iii)and administered in accordance with Section 104(j)of the Housing
and Community Development Act of 1974, as amended, including any Program Income not
previously remitted to the Department, and will submit all necessary reporting of Program Income
to HUD.
2. The State-grant-generated Program Income shall be transferred to the County's Entitlement
CDBG program. The County will track this new program income under its Entitlement program
as required by HUD.
3. The County shall lease the facility,collect rent at a fair market value per Section(7) (H) in
Attachment K of contract number OODB-6B-09-21-01-E 05, and convey such rent to the County's
Entitlement program.
4. Such collections and remittances shall continue until December 31, 2023, based on twenty years
as outlined in Section(6) (E)in Attachment K of contract number OODB-6B-09-21-01-E 05, with
the commencement date being the Department's first receipt of Program Income from the County.
5. Prior to December 31, 2023, the County shall negotiate with HUD regarding Section(6) (C) in
Attachment K of contract number OODB-6B-09-21-01-E 05, which requires that any lease
extension beyond the initial 20 years be at fair market rates.
Remainder of this Page Intentionally Left Blank
Page 2 of 3
; .2
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1/26/2016 16.D.2.
Department of Economic Opportunity—Small Cities Community Development Block Grant Program
Program Income Agreement 8/4/2014
(`. All Program income must be used in accordance with the HUD's Entitlement program rule" not
the rules of the Florida Department of Economic &pportunity.
IN WITNESS WHEREOF, the parties hereto have executed this document as of the dates set forth below.
Department of Economic Opportunity Collier County Board of County Commissioners
By: By:
Name: William B. Killingsworth Name:
Title: Director Title: Chairman
Division of Community Development Board of County Commissioners
Date: Date:
Approved as to form and legal sufficiency,
Subject only to full execution by the parties.
Office of the General Counsel
By
Assistant General Counsel
Date approved:
Approved as to form and legality- -
ATTEST: Assistant County Attorney
DWIGHT E, BRdCK, Clerk
By: 1
a\'(9 1'S
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Incubator I€ Rental History 1/26/2016 16.D.2.
Space DCA DCA Computed
Yr Month Yr Sq Ft Rate Rent Pmt due Pmt made DCA% Difference
1 April 2004 5,357 $ 4.00 5 1,011.87 $ 1,011.87 $ 1,011.87 100% $ 0.00
May 2004 5,357 7 4.07: • 1,785.67 S 1.781.6' 5 1,785.F- 100% S 0.00
June 2004 1,85;. _ 4.0C _ 1,705.67 $ 1.781.67 _. 1,785.61 100% - 0.00
July 200, 5,357 .> 4.00 . 1,785.67 7. 1,721.17 , 1,781.57 1009 0.00
1 August 2004 5,357 $ 4.00 $ 1,785.67 $ 1,785.67 $ 1,785.67 100% $ 0.00
1 September 2004 5,357 $ 4.00 $ 1,785.67 $ 1,785.67 $ 1,785.67 100% $ 0.00
1 October 2004 10,504 $ 4.00 $ 2,641.13 $ 1,346.98 $ 1,785.67 51% $ 438.69
1 November 2004 10,504 $ 4.00 $ 3,501.34 $ 1,785.68 $ 1,785.67 51% $ (0.01)
1 December 2004 10,504 $ 4.00 $ 3,501.34 $ 1,785.68 $ 1,785.67 51% $ (0.01)
1 January 2005 10,504 $ 4.00 $ 3,501.34 $ 1,785.68 $ 1,785.67 51% $ (0.01)
1 February 2005 10,504 $ 4.00 $ 3,501.34 $ 1,785.68 $ 1,785.67 51% 5 (0.01)
1 March 2005 10,504 $ 4.00 $ 3,501.34 $ 1,785.68 $ 1,785.67 51% 5 (0.01)
2 April 2005 10,504 $ 4.12 $ 3,561.04 $ 1,816.13 $ 1,785.67 51% $ (30.46)
2 May 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 June 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 July 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 August 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 September 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% 5 (0.01)
2 October 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 November 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 December 2005 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 January 2006 10,504 5 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 February 2006 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
2 March 2006 10,504 $ 4.12 $ 3,606.72 $ 1,839.43 $ 1,839.42 51% $ (0.01)
3 April 2006 10,504 $ 4.24 $ 3,666.46 $ 1,869.90 $ 1,839.42 51% $ (30.48)
3 May 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 June 2006 10,504 $ 4.24 $ 3,712.12 5 1,893.18 $ 1,893.18 51% $ (0.00)
3 July 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 August 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 September 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 October 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 November 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 December 2006 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ - 51% $ (1,893.18)
3 January 2007 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 3,786.37 51% $ 1,893.18
3 February 2007 10,504 $ 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
3 March 2007 10,504 5 4.24 $ 3,712.12 $ 1,893.18 $ 1,893.18 51% $ (0.00)
4 April 2007 10,504 $ 4.37 $ 3,776.81 $ 1,926.17 $ 1,893.18 51% $ (32.99)
4 May 2007 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 June 2007 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 July 2007 10,504 5 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 August 2007 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 September 2007 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 October 2007 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 November 2007 10,504 $ 4.37 $ 3,826.31 5 1,951.42 $ 1,951.41 51% $ (0.01)
4 December 2007 10,504 5 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 January 2008 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 February 2008 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 $ 1,951.41 51% $ (0.01)
4 March 2008 10,504 $ 4.37 $ 3,826.31 $ 1,951.42 5 1,951.41 51% 5 (0.01)
5 April 2008 10,504 $ 4.50 $ 3,891.03 5 1,984.42 $ 1,951.41 51% 5 (33.01)
5 May 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 June 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 July 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 August 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 September 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 October 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 November 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009,66 $ 2,009.66 51% $ 0.01
5 December 2008 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 January 2009 10,504 $ 4.50 $ 3,940.50 $ 2,009.66 $ 2,009.66 51% $ 0.01
5 February 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
5 March 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 April 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 May 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 June 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 July 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 August 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 September 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 October 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 November 2009 10,504 $ 2.04 $ 1,785.67 $ 910.69 5 910.70 51% $ 0.01
6 December 2009 10,504 $ 2.04 $ 1,78 -"- -- ' 910.70 51% $ 0.01
6 January 2010 10,504 $ 2.04 $ 1,78!Packet Page -532- 910.70 51% $ 0.01
Incubator II Rental History 1/26/2016 16.D.2.
Space DCA DCA Computed
Yr Month Yr Sq Ft Rate Rent Pmt due Pmt made DCA% Difference
6 February 2010 10,504 $ 2.04 S 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
6 March 2010 10,504 5 2.04 5 1,785.67 $ 910.69 S. 910.70 51% S 0.01
- April 2010 10.50z 9 2.04 5 1,785.67 9 910.69 9 910.70 51% 9 0.02
May 2012 10,504 . 204 : 1,785.6' 0 910.65 910.71 510 6 0.01
7 June 2010 10,5504 , 2.0= _ 1,785.6; 9 910.65 $ - 515', 5 (910.69;
7 July 2010 10,504 $ 2.04 6 1,785.67 $ 910.69 $ 1,821.40 51% 5 910.71
7 August 2010 10,504 5 2.04 S 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
7 September 2010 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
7 October 2010 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 51% 5 (910.69)
7 November 2010 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
7 December 2010 10,504 5 2.04 $ 1,785.67 $ 910.69 $ 51% $ (910.69)
7 January 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
7 February 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
7 March 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 April 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 May 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 June 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 July 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 August 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 September 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
8 October 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 November 2011 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 December 2011 10,504 $ 2.04 $ 1,785.67 5 910.69 $ 910.70 51% $ 0.01
8 January 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 February 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
8 March 2012 10,504 $ 2.04 $ 1,785.67 5 910.69 $ 910.70 51% $ 0.01
9 April 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
9 May 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 5 51% $ (910.69)
9 June 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
9 July 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
9 August 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% 5 (910.69)
9 September 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
9 October 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% 5 (910.69)
9 November 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
9 December 2012 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
9 January 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
9 February 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0,01
9 March 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
10 April 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% $ 0.01
10 May 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 910.70 51% 5 0.01
10 June 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 July 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 August 2013 10,504 $ 2.04 $ 1,785.67 $ 910.59 $ - 51% $ (910.69)
10 September 2013 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 October 2013 10,504 5 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 November 2013 10,504 $ 2.04 5 1,785.67 $ 910.69 $ - 51% 5 (910.69)
10 December 2013 10,504 $ 2.04 5 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 January 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 February 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
10 March 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 51% $ (910.69)
11 April 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 May 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 June 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 July 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 51% $ (910.69)
11 August 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 September 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 October 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ 51% $ (910.69)
11 November 2014 10,504 $ 2.04 $ 1,785.67 $ 910.69 $ - 51% $ (910.69)
11 December 2014 5,274 $ 2.04 $ 896.57 $ 457.25 $ - 51% $ (457.25)
11 January 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% $ (1,120.73)
11 February 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% $ (1,120.73)
11 March 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ 51% $ (1,120.73)
12 April 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% $ (1,120.73)
12 May 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ 51% $ (1,120.73)
12 June 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ 51% $ (1,120.73)
12 July 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% $ (1,120.73)
12 August 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% $ (1,120.73)
12 September 2015 5,274 $ 5.00 $ 2,197.50 $ 1,120.73 $ - 51% 5 (1,120.73)
Totals $ 348,71:Packet Page -533- 147,895.08 52% $ (34,820.55)
Incubator II Rental History 1/26/2016 16.D.2.
Space DCA DCA Computed
Yr Month Yr Sq Ft Rate Rent Pmt due Pmt made DCA% Difference
Packet Page -534-