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<br />EXHIBIT C <br /> <br />Estimated Project Costs <br /> <br />City of Ramsey, Minnesota <br />Tax Increment District No. 13 <br />Project Budget <br /> <br />SOURCES OF FUNDS (Estimates) <br /> <br />1. <br />2. <br /> <br />1971165v3 <br />-240- <br /> <br />Tax Increments <br />Other Funds <br /> <br />$ 6,629,047 <br />3.688.953 <br /> <br />Total Sources <br /> <br />$10,318,000 <br /> <br />USES OF FUNDS (Estimates) - PUBLIC COSTS <br /> <br />1. <br />2. <br />3. <br />4. <br />5. <br />6. <br /> <br />Administrative Expenses <br />Relocation <br />Street, Sidewalks and Public Improvements <br />Site Improvements <br />Environmental Services <br />Capitalized Interest <br /> <br />$ 600,000 <br />1,000,000 <br />7,900,000 <br />300,000 <br />200,000 <br />$ 318.000 <br /> <br />$10,318,000 <br /> <br />Total Uses <br /> <br />ESTIMATE OF BONDED INDEBTEDNESS <br /> <br />The City intends to issue Tax Increment Bonds and/or a pay as you go tax increment note in an <br />aggregate amount not to exceed $10,318,000 to finance the above public costs. <br /> <br />C-1 <br />