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<br /> EXHIBIT XXXI-C
<br /> ASSUMPTIONS
<br /> PHASE 1
<br />Total Estimated Market Value $8,687,558
<br />Commercial/Retail 8,687,558
<br /> Drug Store 12,518 sq. ft. @ 85 Isq. ft. '" 1 ,064,030
<br /> Retail buildings (2) 28,750 sq. ft. @ 85 Isq. ft. == 2,443,750
<br /> Medical office building 28,000 sq. ft. @ 85 Isq. ft. '" 2,380,000
<br /> Office building 0 sq. ft. @ 85 Isq. ft. == 0
<br /> Restaurant 3,000 sq. ft. @ 100 Isq. ft. '" 300,000
<br /> Beisswenger 41 ,362 sq. ft. @ 60 Isq. ft. '" 2,499,778
<br />Rental 0
<br /> Moderate Income 0.0% 0 units @ 80,000 lunit '" 0
<br /> Market Rate 00% 0 units @ 90,000 lunit '" 0
<br />Owner Occupied 0
<br />A Sr. Co-op Housing 0.0% 0 units @ 175,000 lunit '" 0
<br />B Product B 0.0% 0 units @ 250,000 lunit '" 0
<br />C Product C 0.0% 0 units @ 225,000 lunit == 0
<br /> 0 units
<br /> 113,630 sq. ft.
<br />Total Estimated Tax Capacity 173,751
<br />Commercial/Retail 173,751
<br /> Drug Store 2.00% 21,281
<br /> Retail buildings (2) 2.00% 48,875
<br /> Medical office building 2.00% 47,600
<br /> Office building 2.00% 0
<br /> Restaurant 2.00% 6,000
<br /> Beisswenger 2.00% 49,996
<br />Rental 0
<br /> Moderate Income 1.25% 0
<br /> Market Rate 1.25% 0
<br />Owner Occupied 0
<br />A Sr, Co-op Housing 0
<br /> <== 500,000 1.00% 0
<br /> > 500,000 1,25% 0
<br />B Product B 0
<br /> <== 500,000 1.00% 0
<br /> > 500,000 1.25% 0
<br />C Product C 0
<br /> <'" 500,000 1.00% 0
<br /> > 500,000 1.25% 0
<br />Total Estimated Taxes 307,586
<br />Commercial/Retail 307,586
<br /> Drug Store 12,518 sq. ft. @ 3.01 Isq. ft. == 37,672
<br /> Retail buildings (2) 28,750 sq. ft. @ 3.01 Isq. ft. == 86,522
<br /> Medical office building 28,000 sq. ft. @ 3.01 Isq. ft. = 84,265
<br /> Office building 0 sq. ft. @ 0.00 Isq. ft. '" 0
<br /> Restaurant 3,000 sq. ft.@ 3.54 Isq. ft. = 10,622
<br /> Beisswenger 41,362 sq. ft. @ 2.14 Isq. ft. == 88,506
<br />Rental 0
<br /> Moderate Income 0 units @ 0 lunit = 0
<br /> Market Rate 0 units @ 0 lunit '" 0
<br />Owner Occupied 0
<br />A Sr. Co-op Housing 0 units @ 0 lunit = 0
<br />B Product B 0 units @ 0 lunit = 0
<br />C Product C 0 units @ 0 lunit = 0
<br />Construction 2004 100.00%
<br />Full Valuation 2005
<br />Taxes Payable 2006
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<br />XXX:I-C~2
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