|
Exhibit C
<br />TIF District 6 -1/ Pinetree Pond Subdivision
<br />Developer's Allowable Cost Calculation
<br />DATE AMOUNT INTEREST TOTAL
<br />Through6 /30/2013 6/30/2013
<br />ITEM
<br />2966 Arcade:
<br />1/2 Cost 12/5/2008 218,92500 40,014,63 258,939.63
<br />Demolition Costs 1/15 /2010 20,601,50 2,781,34 23,383.84
<br />Tiro Disposal 10/12/2009 19,00 2,8E 21.82
<br />Light Disposal 10/19/2009 725.60 107.31 832.91
<br />Taxes. 2000 13/5/1000 585.44 107.01 692.45
<br />Taxes - 1008- credit 12/5/2008 551.57 -17332 1,325.14
<br />caves' 1009 4/28/2009 4,314.00 719.96 5.033,96
<br />Toees 2009 9/8/2009 4,314.00 657.65 4,971.65
<br />Taxes' 2010 4/19/1010 2,71300 345.09 3,06E 09
<br />Taxes- 1010 9/7/1010 2,538.00 285.67 2,023.67
<br />Taxes - 2011 4/25/2011 1,783 00 241.74 3,025.74
<br />Taxes . 1011 9/8/1011 2,783.00 10161 2,984.61
<br />Taxes. 2012 4/16/2012 3,059.00 147.51 3,206.53
<br />Taxes- 2012 9/17/2012 3,059.00 96.19 3,155.19
<br />Taxes -2013 4/23/2013 3,03000 22.56 3,052.56
<br />Taxes - 2013 6 /27/2013 3,030.00 1.01 3,031.01
<br />Sale to MoCUmber 8/12/1013 7,11750 0.00 .7,117.511
<br />Sale to Paddock 8/13/2013 1438.67 0.00 - 1,638.67
<br />Subtotal 281,197.23 45,659.16 308,341.01
<br />2959 LaBore:
<br />Acquisition 3/39/2012 191,042.88 9,573,37 200,616,25
<br />Well Sealing 5/21/2012 855.00 37.91 892.91
<br />Utilities - City 7/20/2012 163.88 6.19 170.07
<br />Utilities ity 10/19/2012 157.78 4.40 161.18
<br />Utilities ' City 1/17/1013 165.73 3.00 168.73
<br />Utilities - City 4/17/2015 166.96 1.35 168.31
<br />Taxes - credit 3/29/2012 611]3 30.60 - Oe5.53
<br />Taxes 6/18/2012 1,365.12 56.42 1,411.54
<br />Taxes 9/17/1032 1,264.00 39.75 1,303.75
<br />To¢5 4/13/2015 1,275.00 9.49 1,284.49
<br />Taxes -3013 6/27/1013 1,275.00 0.43 1,275.43
<br />Utilities - OW 7/18/2013 123.09 0.00 123.09
<br />Demolition Costs ' Asbestos 6 /14/2013 2,936.00 5.22 2,940.22
<br />5u51015l 201,904.17 9,706.22 209,881.43
<br />2945 LaBore:
<br />AcquluItlon 12/31/2012 241,418.50 4,828.37 246,240.87
<br />Taxes 4/23/2013 1,511.00 9.76 1,320.76
<br />Demolition 6/20/2013 13,036.52 14.49 15,051.01
<br />Taxes 2013 6/17/2013 1,311.00 0.44 1,311.44
<br />Utilities 7/8/2015 107.06 0.00 107.06
<br />DISposal - Tires 6/14/2013 24.00 004 24.04
<br />Demolition - Asbestos 6/14/2013 3,145.00 5.59 3,150.59
<br />Well Sealing 8/5/2013 861.00 0.00 861.00
<br />Subtotal 261,214.08 4,858.69 266,072.77
<br />Platting Costs:
<br />50r0090r 1/14/2013 6,607.00 12186 6,73886
<br />Surveyor 2/6/2013 1,841.00 29.46 1,870.46
<br />Surveyor 3/6/2013 1,137.00 14.40 1,151.40
<br />Surveyor 4/9/2013 1,592.50 14.33 1,606 83
<br />Ramsey County Surveyor 4/30/2013 1,205.00 8.03 1.21303
<br />City of tittle Canada- Fees 1/23/2013 1,500.00 26.17 1,526.17
<br />Interstate Geotee 1/16/2013 2 ,738.39 49.90 2,788 29
<br />Leroux Companies 5/16/1013 5,591.50 27.34 5,618 84
<br />City of LC - Demo Permit 6/4/2013 454.50 1.31 455.81
<br />Leroux Companies 5/19/1013 7,360.25 25.35 7,385.60
<br />City Of Little Canada- Fees 9/15/2013 66,05343 0.00 66,057.43
<br />Subtotal 96,004.57 318.15 96,402.71
<br />Totals 5840,900.05 $60,442.73 $880,697.94
<br />Special Assessments $855,000.00
<br />Grand Total $1,735,697.94
<br />Less: Lot Cost 15 x 5100,000 $1,500,000,00
<br />Due Developer $235,697.94
<br />Leas: Unpaid City Fees $66,057.43
<br />Net Due Developer $169,640,51
<br />NOTE: Items /Numbers In "groan" are those costs eilgible for TIF Reimbursement. They kita15750,961.08.
<br />The remaining costs are not being reimbursed by TIF and represent developer equity Iconlrlbutionl
<br />toward the 51,500,000 price paid for the 151080.
<br />City Costs:
<br />1/2 Land Mortgage
<br />Demo /Taxes 1/2
<br />TIF Set UP
<br />TIF Revisions
<br />Subtotal
<br />12/5/2008 218,925.00 40,014.65 258,939.63
<br />2/10/2010 10,602.50 2,792 .78 23,355.28
<br />12/1 /2008 15,000.00 2 ,748.33 17,748.33
<br />4/1/2013 15,000.00 148.33 15,148.33
<br />45,704.08 315,231.58
<br />
|