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EXHIBIT C: Improvement Project Costs & Estimated Assessment Roll <br />TABLE A: Engineers Feasibility Estimate <br />Total Costs <br />Phase 1A $ 1,508,000 <br />Phase 1 B $ 2,169,000 <br />Sub Total $ 3,677,000 <br />Total Costs (less Trunk Water & Sewer) <br />Phase 1A $ 1,175,000 <br />Phase 1B $ 1.442.000 <br />Sub Total $ 2,617,000 <br />TABLE B: Cost Share Agreement <br />Phase 1A <br />Phase 1B <br />60% <br />60% <br />Riverstone <br />16% <br />40% <br />Hageman <br />24% <br />0% <br />TABLE C: Preliminary Assessment Roll <br />Riverstone Hageman <br />Phase 1A $ 705,000 $ 188,000 $ 282,000 <br />Phase 1B $ 865,200 $ 576,800 $ <br />TABLE D: Riverstone Preliminary Assessment Detai <br />Estimated Total Assessment <br />(add $50,000 per Exhibit B, Note 2) <br />Number of Lots <br />%Share Per Lot <br />Estimated Assessment Per Lot <br />Breakdown <br />Buildable <br />Outlot F <br />Outlot G <br />Lots <br />51 <br />23 <br />76 <br />%Share <br />34.000% <br />15.333% <br />50.667% <br />$ 764,800 <br />$ 814,800 <br />150 <br />0.6667% <br />$ 5,432 <br />Estimate <br />$ 277,032 <br />$ 124,936 <br />$ 412,832 <br />TABLE E: Hageman Preliminary Assessment Detail <br />Estimated Total Assessment <br />Number of Lots <br />%Share Per Lot <br />Estimated Assessment Per Lot <br />$ 282,000 <br />1 <br />100% <br />$ 282,000 <br />*Costs are Bolton & Menk preliminary feasibility estimates from <br />March of 2017, and include 30% contingencies. Adjustments to <br />assessment amounts will be made by the City of Ramsey upon <br />receiving actual bids for these improvements. A risk factor exists, <br />that actual costs for this project are different than originally <br />estimated. <br />Page 10 of 12 <br />