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Case #3 CONSIDER COR HOT LIST By: Heidi A. Nelson, HRA Executive Director Background: Development Manager Lazan will present the COR Project "Hot List" for consideration by the HRA. Per the Development Management Contract with Landform, as described in the contract language below, the HOT List must be presented to and approved by the HRA. Portions of this discussion will be held in closed session. 1. Hot List a. Active deals will be declared approved, and tracked through a "Hot List" incorporated into the active Dashboard. This list will be presented to the HRA at regular meetings for its approval. No active deal will be considered for placement on the Hot List unless there has been sufficient interest in the development by the subject developer, as determined by the HRA. The Hot List will have no binding effect if it has not received formal approval of the HRA. In the event of termination of this Agreement, the current Hot List will be finalized and approved by all parties. The importance of establishing the "Hot List" is that it entitles the Development Management to compensation even after termination of the contract, in recognition of their efforts in bringing these projects forward. A sliding scale is included in the contract that provides full compensation up to one year, 80% compensation up to two years, 60% up three years, 40% up to four years, 20% up to five years, and no compensation after five years. Staff Recommendation: Receive presentation of COR Project Hot List and approve active deals, according to Development Management contract, for the Hot List. HRA Action: By motion, approve active deals for the COR Project Hot List. Reviewed by: . HRA Executive Director: 06/15/10