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HRA Work Session <br />Meeting Date: <br />By: <br />Title: <br />05/03/2011 <br />Darren Lazan, Housing & <br />Redevelopment Authority <br />Review Current Development Dashboard <br />The Financial Dashboard will be reviewed with the HRA at the meeting. <br />Recommendation: <br />The development team recommends the HRA consider the strategy currently outlined in the development <br />dashboard and provide direction for both future reviews of the dashboard and potential strategies to explore. <br />Funding Source: <br />N/A <br />Council Action: <br />N/A <br />Form Review <br />Inbox Reviewed By Date <br />Heidi Nelson Heidi Nelson 04/28/2011 02:39 PM <br />Form Started By: Darren Lazan Started On: 04/28/2011 08:05 AM <br />Final Approval Date: 04/28/2011 <br />5. 2. <br />Background: <br />As outlined in the new Development Management contract approved in March of this year, the development team <br />will present the current draft of the Development Dashboard which is the baseline financial pro -forma for the <br />project. This document tracks all the current and projected project costs, as well as the projected land sale proceeds <br />for the entire 150 acre project. As your development management team, we use this document to evaluate potential <br />development scenarios and project potential revenues and project performance for those scenarios. <br />