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RE THE RESIDENTIAL AREA <br /> Capstone Homes has indicated if they cannot come to a cost-share agreement with the city for <br /> the arterial infrastructure/collector road,they will not be able to move forward with their <br /> proposed project, as it will price them out of the marketplace. Capstone Homes feels their <br /> proposed contribution is above and beyond past practice in the City of Ramsey—and other cities <br /> they have worked with. <br /> Capstone has also made the point—that based on past practice, they should only be making a <br /> contribution to the arterial road in which they have frontage—which is Puma. Capstone has <br /> proposed to pay for 40%of Puma. However, additionally, Capstone is offering a 16% <br /> contribution to Bunker Lake Boulevard (as requested by staff in the early negotiation process). <br /> If Capstone combined their Bunker Lake Boulevard contribution with their Puma contribution, <br /> and applied that total contribution only to their frontage on Puma, they are effectively making a <br /> 53% contribution. <br /> Page 6 of 8 <br />