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EXHIBIT C <br />PREDEVELOPMENT BUDGET FOR MYRTLE AND RAITT AFFORDABLE HOMES <br />CIVIC CENTER BARRIO HOUSING CORP. <br />PRE - DEVELOPMENT BUDGET <br />Architecture and Planning 35,000 <br />Topographic and Boundary Survey 4,900 <br />Estimated Landscape Architect Design Fee 5,000 <br />Project Cost Estimate 2,500 = <br />SUB - TOTAL: 47,400 (Adele Chang's Fee /Phase I) <br />---------------------------------------------------------------- <br />Legal 7,500 <br />Title work 5,000 <br />Property Taxes 2,500 <br />Property Insurance 5,000 <br />15% Contingency 10,110 <br />TOTAL: 77,510 <br />* Estimated amount for one Supplemental Installment property taxes, <br />due upon property transfer, based on value). <br />Date last Rev: 10/30/0 <br />