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<br />5. Preparation of a Plan of Finance based on a preferred concept plan that <br />itemizes costs of changes in roadway and land geometry, public <br />infrastructure modification as needed, and revised park improvements. <br />This work will also include an analysis of opportunities for public subsidy <br />and public financial participation as may be necessary to activate <br />development. <br />6. Preparation of a Development and Improvement Strategy ranging in scale <br />from simple negotiations with financial institutions to help secure and <br />accomplish a sale of land and development activity all the way to <br />opportunities for the City of Ramsey to selectively or completely purchase <br />remaining land within Ramsey Town Center with a development partner. <br />7. Coordinate negotiations and a term sheet for the successful strategic <br />outcome resulting from Task 6. <br />8. Provide continued support of City staff as necessary. <br /> <br />PROJECT TEAM MEMBERS <br />In addition to the time and dedication of City of Ramsey Planning, Engineering, <br />and Administrative staff, this project will need additional expertise to create a <br />qualified and motivated team. I have outlined key positions and people I feel will <br />be critical to the success of this effort. : <br /> <br />Development Counsel: <br />Bond Counsel: <br />Financial AnalysisfTlF: <br />Bonding: <br />Appraisal: <br />Civil Engineering: <br /> <br />Tom Bray with Briggs & Morgan <br />Mary Ippel with Briggs and Morgan <br />Mark Ruff with Ehlers & Associates <br />Paul Donna with Northland Securities <br />Dan Mueller with Integra Real Estate Services <br />Brad DeWolf with Bolton & Menk, Inc. <br /> <br />These members will be brought in at various times throughout the project to <br />assist with specific tasks. <br /> <br />PROPOSED FEE <br />I propose that the City retain LSA's services on an hourly basis plus normal <br />expense and sub-consultant services on any sub-consultant billed through LSA. <br />I am estimating the total fees for the services described to be $60,000 to <br />$80,000. All work will be as directed by yourself and/or City Council and all <br />services provided will be specifically tailored to tasks at your discretion. (Hourly <br />Rates for 2008 are attached) <br /> <br />SCHEDULE <br />At this time, I anticipate this effort to take between 5 and 7 months to complete. <br />Once work begins and opportunities become clearer, I will prepare a detailed <br />task by task schedule to keep you and Council apprised of effort and progress. <br /> <br />2 of L <br />