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The COR Development Management <br />Deal: <br />Date: <br />SuperAmerics - Armstrong Boulevard <br />10/23/12 <br />I DM FEE WORKSHEET <br />Net Land Sale Price $ 589,366 <br />Pro -Forma Building Value $ 850,000 <br />Building Subsidies $ <br />MN DOLI Building Valuation * 1 .25 - cannot exceed $ 606,891 <br />Sub Total $ 606,891 <br />Site Improvement Cost $ 840,000 <br />Off -sites $ 200,000 <br />Site Subsidies $ <br />Sub Total $ 1,040,000 <br />Development Soft Costs $ 500,000 <br />Net Subsidies <br />cannot exceed 20% of a-c <br />Sub Total $ 450,000 <br />TOTAL Development Capital Costs (per compensation Formula) $ 2,686,257 <br />Total Development Fee (2% of DCC) $ 53,725 <br />Fee: 2.00% <br />I Fee Calculation <br />Total Development Fee $ 53,725 <br />Large Development Adjustment (DCC > $30m) N/A <br />Phased Development Adjustment N/A <br />Adjusted Development Fee $ 53,725 <br />Payments Notes: <br />Due at PA Subsequent to Sellers obligations <br />Due at Closing <br />Due at CofO <br />Approved: <br />Amount <br />$ 10,745 <br />$ 32,235 <br />$ 10,745 <br />Landform Professional Services City of Ramsey HRA <br />