Laserfiche WebLink
<br />DEVELOPMENT MANAGEMENT SERVICES <br />Ramsey, Minnesota <br /> <br />bbpc <br /> <br />ASSOCIATES <br /> <br />5. Yield Modification Funding Gap Solutions - If the project does not achieve adequate <br />return to attract private investment BBPC will evaluate all financing tools to improve <br />the return and make the project feasible. These tools fall into two groups: <br /> <br />Reduction of Required Investment <br />. Public Bonding <br />. Tax Increment Financing (TIF) - Proceeds used to pay for public parking or <br />infrastructure <br />. Land write,down (contribute land at a discount), long term ground lease <br />. Reduction of parking requirement - shared parking plan <br />. State, Federal, Agency grants <br />. Streamline entitlement/permitting process <br /> <br />Increase Proiect Income / Reduce proiect Risk <br />. Provide anchor tenant with long term lease <br />. Increase development density <br />. Increase income through site amenities (e.g. pedestrian access to park and train <br />station), superior design layout <br />. Decrease operating costs through tax abatements <br /> <br />Result -7 A revised financial plan that includes all appropriate development financing tools <br />and creates a project return that is consistent with the levels sought by the City and private <br />sector investors, <br /> <br />>> Report Findings and Presentation <br />. BBPC will submit a draft Project Proforma/Financial Model Technical <br />Memorandum <br />. Client will comment on Project Proforma/Financial Model Technical <br />Memorandum <br />. BBPC will present findings and prepare the final Project Proforma/Financial <br />Model Technical Memorandum <br /> <br />Fee Range: $15,000,$20,000 <br /> <br />C. Public/Private Partnership Structuring <br /> <br />>> Review of joint venture structure options <br />. Outright land sale <br />. Long term ground lease <br />. Enhanced Use Lease (EUL) <br />. Joint venture (e.g. County contributes land developer contributes equity) <br />. Tax Revenue development strategies (e.g. Tax Increment Financing (TIF), tax <br />abatements) <br /> <br />Basile Baumann Prost Cole & Associates <br /> <br />~ <br />