Current Smither's Sources and Uses - Final Term Sheet

Sources of Funds
DFA Taxable HQ Bonds $5,540,000
City of Akron Grant $2,000,000
First Energy Grant $150,000
JobsOhio Revitalization Grant $1,000,000
JobsOhio Discretionary Grant $600,000
City of Akron Sewer Connection Grant $48,102
Sale Tax Exemption $455,000
Smithers Cash Contribution $7,100,000

Total Operations Hub Investment $16,893,102

City/County Product Testing Site Grant $640,000

DFA Taxable HQ Bonds $175,000

Total Off-Site Product Testing $815,000

Total Global Project Costs $17,708,102

County
Uses of Funds Repayment of City/County Loan Akron Sewer Sales Tax
HQ Bonds Akron Grant FE Grant J.O. R Grant J.O. D Grant ABIA Debt Proceeds Grant Savings Smithers Cash Total
HQ Bldg/Unit B & New Back Bld Purchase $750,000 $ 750,000 $ 750,000
HQ Bonds Issuance Costs $230,000 $ 230,000 $ 230,000
HQ Building Renovation $4,931,054 $ 4,470,000 $ 122,268 $ 150,000 $ 188,786 $ 4,931,054
R&D Building Construction $6,953,477 $48,102 $ 266,214 $ 6,639,161 $ 6,953,477
Façade Clean and Repair $234,961 $ 234,961 $ 234,961
Paint 47 N. Main South and East Façade $51,957 $ 51,957 $ 51,957
Back Building Demolition and Abatement $216,547 $ 202,713 $ 13,834 $ 216,547
Back Building Site Prep $228,924 $ 228,924 $ 228,924
Building 2 Demo and Abatement $797,287 $ 797,287 $ 797,287
Building 2 Fill and Site Improvements $191,064 $ 191,064 $ 191,064
Building 2 Retaining Wall $290,964 $ 290,964 $ 290,964
Middle Building Demolition and Abatement $608,755 $ 22,589 $ 586,166 $ 608,755
Middle Building Site Prep $199,773 $ 199,773 $ 199,773
Parking Lot Renovations $504,358 $ 504,358 $ 504,358
Green Spaces $121,981 $ 121,981 $ 121,981
Fire / IT $275,000 $ 31,161 $ 243,839 $ 275,000
DFA Capital Lease Fees $90,000 $ 90,000 $ 90,000
Owners Project Budget $167,000 $167,000 $ 167,000
Relocate Backup Generator $50,000 $50,000 $ 50,000

Off-Site Product Testing $815,000 $ 175,000 $ 640,000 $ 815,000

Total Global Project Uses $17,708,102 $ 5,715,000 $ 2,000,000 $ 150,000 $ 1,000,000 $ 600,000 $ - $ 640,000 $ 48,102 $ 455,000 $ 7,100,000 $ 17,708,102