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Phase 3
<br />1 $ 766,300 $ 758,500 $ 497,800
<br />2 $ 569,500 $ 557,700 $ 497,800
<br />3 $ 249,100 $ 80,100 $ 497,800
<br />4 $ 406,100 $ 594,700 $ 497,800
<br />Phase 3 Totals $ 1,991,000 $ 1,991,000 $ 1,991,200
<br />Total all Phases $ 5,414,000 $ 5,414,000 $ 5,414,500
<br />Previously, improvements were completed in the area and assessed to benefitting properties. At that
<br />time, the City assessed 40 percent of the costs and funded the remaining costs. The following table
<br />depicts the 40 percent of the costs presented in the table above.
<br />Identification Frontage Area Per Lot
<br />Number Method Method Method
<br />Phase 1
<br />8 $ 248,700 $ 423,400 $ 238,700
<br />9 $ 233,500 $ 164,400 $ 238,700
<br />10 $ 233,800 $ 128,200 $ 238,700
<br />Phase 1 Totals $ 716,000 $ 716,000 $ 716,100
<br />Phase 2
<br />2 $ 145,200 $ 303,700 $ 217,700
<br />6 $ 104,800 $ 45,000 $ 217,700
<br />7 $ 403,200 $ 304,500 $ 217,700
<br />Phase 2 Totals $ 653,200 $ 653,200 $ 653,200
<br />Phase 3
<br />1 $ 306,500 $ 303,400 $ 199,100
<br />2 $ 227,900 $ 223,100 $ 199,100
<br />3 $ 99,600 $ 32,000 $ 199,100
<br />4 $ 162,400 $ 237,900 $ 199,100
<br />Phase 3 Totals $ 796,400 $ 796,400 $ 796,400
<br />Total all Phases $ 2,165,600 $ 2,165,600 $ 2,165,600
<br />The information presented in this section of the report is been intended to allow for discussions with
<br />property owners and developers to be initiated. Refinement of the amounts presented is anticipated
<br />based on those discussions.
<br />Prepared by: Bolton & Menk, Inc. COST ALLOCATION ALTERNATIVES
<br />City of Ramsey - Future Business Park Page 15
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