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Art gaAce <br />The COR Development Management <br />Deal: Suite Living - Toti Development <br />Date: 9/15/10 <br />THE <br />Gin <br />• • <br />• • <br />LANDF <br />• <br />;ram Siam e^N <br />O R M <br />• <br />• • <br />DMEEEB'WETRI(SLiEE. a <br />Net Land Sale Price <br />Pro -Forma Building Value <br />Building Subsidies <br />MN DOLI Building Valuation * 1.25 - cannot exceed <br />ISub Total <br />$ 1,410,255 <br />$ 12,849,795 <br />t 16,426,645 <br />$ 14,260,050 I <br />Site Improvement Cost $ 423,500 <br />Site Subsidies <br />ISub Total $ 423,500 <br />Development Soft Costs <br />Net Subsidies <br />cannot exceed 200/o of a-c <br />ISub Total <br />$ 1,200,000 <br />$ 1,200,000 <br />TOTAL Development Capital Costs (per compensation Formula) $ 17,293,805 <br />Total Development Fee (2% of DCC) <br />Fee: 2.00% <br />$ 345,876 <br />:' M„ <br />Total Development Fee $ 345,876 <br />Large Development Adjustment (DCC > $30m) N/A <br />Phased Development Adjustment N/A <br />Adjusted Development Fee $ 345,876 <br />I P. G'iii i <br />Due at PA <br />Due at Closing <br />Due at CofO <br />Approved: <br />Subsequent to Sellers obligations <br />Landform Professional Services <br />4f•;'An38ifittanteV ? <br />$ 69,175 <br />$ 207,526 <br />$ 69,175 <br />Citv of Ramsey HRA <br />