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The COR Development Management <br />Deal: Suite Living - Toti Development <br />Date: 9/15/10 <br />'® <br />L A ND F <br />m5ftetolflish <br />R M <br />0 <br />WORKSHEET <br />Net Land Sale Price <br />Pro -Forma Building Value <br />Building Subsidies <br />MN DOLI Building Valuation * 1.25 - cannot exceed <br />1,410,255 <br />2,849,795 <br />$ $ 16,426,645 <br />Sub Total <br />$ 14,260,050 <br />Site Improvement Cost <br />Site Subsidies <br />423,500 -1— <br />Sub Total <br />$ 423,500. <br />Development Soft Costs <br />Net Subsidies <br />cannot exceed 20% of a-c <br />1,866,071 <br />Sub Total <br />$ 1,866,071 <br />TOTAL Development Capital Costs (per compensation Formula) <br />Total Development Fee (2% of DCC) <br />Fee: 2.00% <br />ee Calculation <br />Total Development Fee <br />Large Development Adjustment (DCC > $30m) <br />Phased Development Adjustment <br />Adjusted Development Fee <br />$ 330,992 <br />N/A <br />N/A <br />$ 330,992 <br />yment <br />ount' <br />Due at PA <br />Due at Closing <br />Due at CofO <br />Subsequent to Sellers obligations <br />66,198 <br />198,595 <br />66,198 <br />Approved: <br />Landform Professional Services <br />City of Ramsey HRA <br />