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Exhibit C, Page 1 of 2 <br />Hansel Center Project Budget <br />November 2011 <br />Hansel Center Renovation - Bid Estimate (Budget Version May 12, 2011 *) <br />Adjustments: <br />Taxes and penalty due <br />Costs incurred and paid by Vanir, not already included within budget <br />Insurance estimate <br />Project management fees not Included in budget <br />Total Adjusted Hansel Center Project Budget <br />$ 2,481,291 <br />17,727 <br />81,329 <br />20,000 <br />242,500 <br />$ 2,842,847 <br />* The Bid Estimate (Budget Version as of May 12, 2011) is attached as Exhibit C. Page 2 of 2 <br />