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EXHIBIT C: Improvement Project Costs & Estimated Assessment Roll <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 S 1.442.000 <br />Sub Total $ 2,617,000 <br />TABLE B: Cost Share Agreement <br />Phase 1A <br />Phase 1B <br />Riverstone Hageman <br />60% 16% 24% <br />60% 40% 0% <br />TABLE C: Preliminary Assessment Roll* <br />C Riverstone Hageman <br />Phase 1A $ 705,000 $ 188,000 $ 282,000 <br />Phase 1B $ 865,200 $ 576,800 $ <br />TABLE D: Riverstone Preliminary Assessment Detail <br />Estimated Total Assessment <br />(add $50,000 per Exhibit B, Note 2) <br />Number of Lots <br />%Share Per Lot <br />Estimated Assessment Per Lot <br />Breakdown <br />Buildable <br />Outlot F <br />Outlot G <br />$ 764,800 <br />$ 814,800 <br />150 <br />0.6667% <br />$ 5,432 <br />Lots %Share Estimate <br />51 34.000% $ 277,032 <br />23 15.333% $ 124,936 <br />76 50.667% $ 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 4413 <br />3739168v4 <br />