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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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