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(AS MODIFIED JUNE 12, 1989) <br />A. ORIGINAL BUDGET <br />Estimated Budget <br />RANGE <br />Land Acquisition <br />$4,000,000 <br />$4,000,000 <br />Public Improvements <br />$ 260,000 <br />$ <br />000,000 <br />Legal/Honding <br />$ 501000 <br />$ <br />60,000 <br />Discounts <br />$ 140,000 <br />$ <br />150,000 <br />Administration <br />$ 50,000 <br />$ <br />50,000 <br />Contingencies <br />$ 50,000 <br />$ <br />501000 <br />Capitalized interest <br />$2,100,000 <br />$2,300,.000 <br />TOTAL <br />$ 6,650,000 <br />$ <br />7,300,000 <br />s <br />Budget to be refined as <br />part of Development Agreement and <br />receipt of all estimates for <br />cacti line item, <br />B. MODIFIGATION NO, 1 <br />.`� Adds the following budget items <br />for Mounds View Business Park <br />South <br />PHASEIRANGE <br />Land Acquisition <br />$1,320,830 - $1,400,000 <br />Public Improvements <br />510,000 - 540,000 <br />Legal/Bonding/Discounts <br />74,000 - 80,000 <br />Administration <br />00,000 - 90,000 <br />Contingencies <br />20,000 - 20,000 <br />Capitalized Interest <br />400,000 - 425,000 <br />$2,414,830 - $2,555,000 <br />City of Mounds View TIP District No. 1 Modification 42 1 P a g e <br />