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<br />o Milestones on the project timeline <br />o Meeting with potential purchasers <br />o Preparing LOI and PA documents <br />o Closing real estate transactions <br /> <br />We believe this structure allows the City to realize a substantial portion of the <br />development proceeds to be reinvested into the community while pacing the remainder <br />of the costs to the success of the project. <br /> <br />In any case, we want to assure the City of Ramsey that we are dedicated to creating a <br />compensation package best suited to the needs of the community and commensurate <br />with the effort necessary to make this a successful project. We look forward to continued <br />discussion on this item, <br /> <br />19 <br />