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<br />EXHIBIT C <br /> <br />Estimated Project Costs <br /> <br />City of Ramsey, Minnesota <br />Tax Increment District No. 12 <br />Project Budget <br /> <br />SOURCES OF FUNDS (Estimates) <br /> <br />1 <br />2 <br /> <br />Tax Increments <br />Other <br />Total Sources <br /> <br />$ 802,380 <br />662.620 <br />$1,465,000 <br /> <br />USES OF FUNDS (Estimates) - PUBLIC COSTS <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br /> <br />Land <br />Site Improvements <br />Skyway <br />Green Roof <br />Bricks and Mortar <br />Total Uses <br /> <br />$190,000 <br />50,000 <br />150,000 <br />75,000 <br />1.000.000 <br />$1,465,000 <br /> <br />ESTIMATE OF BONDED INDEBTEDNESS <br /> <br />The City does not intend to issue Tax Increment Bonds to finance the above public costs. <br />Rather, the City intends to finance said costs on a pay as you go basis, utilizing a Tax Increment <br />Revenue Note. <br /> <br />1970490v2 <br />-210- <br /> <br />C-l <br />