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projects under consideration are fairly small so it is unlikely that the building costs will change <br />significantly (5 %). He stated the HRA can consider that as a negotiation point. <br />Motion by Commissioner Ramsey, seconded by Commissioner Backous, to approve the <br />following compensation requests: McDonalds, SuperAmerica at Armstrong, and SuperAmerica <br />at Ramsey Boulevard and direct staff to include these compensations in the upcoming closings. <br />Further discussion: Commissioner Wise stated his intention to abstain from consideration and <br />vote on this case. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Backous, <br />Strommen, and Tossey. Voting No: None. Abstain: Commissioner Wise. Absent: <br />Commissioner Elvig. <br />Development Manager Lazan presented compensation requests for the Sunwood Retail Area, <br />noting due to the complex nature of development, this request does not "follow the mold" in <br />considering the value. He explained to get the Sunwood Retail lots ready for the three users, the <br />HRA could have ignored the neighboring owners and work only on the three parcels or work <br />with those neighbors (Sophia Ramsey LLC and Coburn's Anchored Center). Development <br />Manager Lazan reviewed his work to address the needs of those properties related to access, <br />parking, walkways, orientation of future retailers, buildability of existing pad, and current <br />shortage of parking. All of that work netted no compensation for the Development Team. <br />Development Manager Lazan presented a compensation request for general coordination with <br />Sophia Ramsey LLC equaling $6,000 to address the platting agreement, final plat, easements, <br />maintenance, and construction issues. In addition, he requested $4,000 as the value of hard <br />improvements (1/3 share = $2,000 x 2 %). He noted this work had resulted in providing <br />increased parking, made the pad site more viable and valuable <br />Development Manager Lazan presented a compensation request for a development fee advance <br />of $25,000 for Lot 3 that would be deducted from future development management fees. He <br />explained Landform had proceed with its efforts on Lot 3 based on HRA approvals, structured <br />agreements and documents, and addressed construction component responsibility. Then, the <br />HRA decided it would be more appropriate to wait for spring. Landform is requesting an <br />advance of $25,000 on Lot 3 that would be credited when Lot 3 closes. <br />HRA Executive Director Ulrich indicated this compensation request is more complex and the <br />contract does not obligate the HRA to pay it. He noted this work for Sophia Ramsey may result <br />in capturing fees on other parcels and there was some lot creation that may lead to additional <br />development because Solomon picked up an extra piece and it would enhance the City's tax <br />base. He recommended considering the request for $4,000 (Sophia Ramsey LLC value of hard <br />improvements) but recommended postponing consideration and requesting additional <br />documentation of the $6,000 request (Sophia Ramsey LLC general coordination). <br />HRA Executive Director Ulrich then addressed the request for the Lot 3 advance. He explained <br />it is the incentive fee on the land to provide a buildable lot so considering it would set a <br />Housing and Redevelopment Authority / October 23, 2012 <br />Page 4 of 7 <br />