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02/09/10
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02/09/10
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7/17/2025 2:59:09 PM
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2/5/2010 8:37:09 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
02/09/2010
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<br />coordinate the efforts of all team members to provide a uniform front to the <br />development community, and assist in the evaluation, consideration, <br />negotiations, and deal structuring on any disposition of land within the <br />development area. Compensation under this section will be paid on all <br />transactions regardless of origin or referral source. Meeting update reports <br />documenting marketing progress shall be presented to the Owner on a <br />regular basis. <br /> <br />2. The incentive-based development fee shall be xxx percent (x.xx%) of the <br />total capital cost of the end use of the parcel or property sold, The estimated <br />value for this calculation will include all hard and soft costs of the proposed <br />project including, but not limited to, land, building, site improvements, fees, <br />financing costs, and brokerage fees. The'inc' ee will be payable <br />at the following stages of the development. <br /> <br /> <br />a) Upon the execution of a purchase or <br />shall receive 20% of the total develop <br /> <br />b) Upon closing of the transaction, Landf <br />development fee. <br /> <br />c) Following project design, perm' <br />. of the development to the pu <br />a final payment of 10% of th <br /> <br />3. Should Owner opt to self- <br />and fees will be deter <br />that time. <br /> <br />ts of the project, services <br />upon for each component at <br /> <br />c. <br /> <br />et fo above, Landform shall receive <br />ect to the provision of proper documentation for the <br />s at cost plus 10%: <br /> <br />1. nd travel expenses, including airfare, lodging, car <br />Is, parking and tolls. <br /> <br />2. expenses incurred in connection with work performed on <br />Owner's b alf and to handle project related documents during the course of <br />said project. Expenses shall include but not be limited to costs for <br />reproduction, photocopies, printing, postage, and overnight delivery. Also to <br />be reimbursed shall be the costs for Landform's providing various web-based <br />project and information management systems and hosting for the purposes of <br />collaboration, document sharing, and marketing during the course of the <br />p~ect. ' <br /> <br />3. Third party expenses such as sub-consultant fees, event registrations, <br />memberships, third party services, and other similar expenses (approved <br />prior to expenditure). <br />
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