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Exhibit C <br />PROJECT BUDGET <br />OWNER: Wakeham — Grant Apartments LP <br />PROJECT ADDRESS: 810 S. Minnie Street <br />DOW <br />Description <br />Costs <br />Comments <br />1 <br />GENERAL CONDITIONS/REQUIREMENTS <br />$ <br />- <br />See below <br />2 <br />SITEWORI{ <br />Demolition (All) <br />$ <br />4,500 <br />Saw cut, sidewalk removal <br />& sewer line replacement <br />AC paving <br />$ <br />6,000 <br />2 accessible parking stall <br />overlay & sewer patch <br />Sidewalks, Concrete <br />$ <br />18,000 <br />New ADA entry walk/ramp, <br />501F of public sidewalk & <br />sewer patch swale <br />3 <br />METALS <br />Railings <br />Incl. in concrete <br />4 <br />CARPENTRY <br />Framing <br />$ <br />5,500 <br />Sheathing incl. - new <br />pressure blkg with vent <br />screeds <br />5 <br />THERMAL & MOISTURE PROTECTION <br />Waterproofing <br />$ <br />17,164 <br />Pli-deck patch work <br />Insulation <br />$ <br />14,245 <br />R-21 attic insulation <br />Roof <br />$ <br />48,840 <br />8,140 SF TPO re -roof <br />6 <br />FINISHES <br />Exterior Painting <br />$ <br />2,500 <br />Accessible parking & blkg. <br />7 <br />SPECIALTIES <br />Signage <br />$ <br />1,500 <br />Parking stall signage <br />Gutters & Downspouts <br />$ <br />2,800 <br />8 <br />MECHANICAL <br />Plumbing <br />$ <br />17,000 <br />2601F new 4" sewer line <br />Subtotal <br />$ <br />138,049 <br />Contingency* -15% <br />$ <br />20,707 <br />General Conditions - 7% <br />$ <br />9,663 <br />Subtotal Construction Costs <br />$ <br />147,712 <br />Contractor Fee - 7% <br />$ <br />10,340 <br />General Liability/PLPD - 2% <br />$ <br />2,954 <br />Total Lump Sum Costs <br />$ <br />161,006 <br />Sources of Funds <br />Developer Equity — 42% $ 67,974 <br />HOME CHDO Funds- 58% $ 93,032 <br />Total $ 161,006 <br />*Final Contingency Amount will be distributed proportionately between sources of funds <br />