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HRA Special Session <br />Date: 03/22/2011 <br />By: Heidi Nelson <br />Administrative Services <br />Information <br />Title: <br />Consider Approval of Development Management Contract for The COR at Ramsey <br />Item #: 6. 1. <br />Background: <br />The HRA entered into a contract with Landform Professional Services in April of 2010 for Development <br />Management (DM) Services for The COR at Ramsey. The contract will expire on March 31, 2011. Staff and the <br />Development Manager reviewed with the HRA at their meeting of February 22nd and March 15th possible <br />revisions to the contract. Staff has prepared a revised contract for dsicussion and consideration this evening. <br />At issue with the reveiw of the DM contract were the following items: <br />• Contract Term <br />• Reporting <br />• Communications <br />• City's self performance of design services <br />• Eliminating "Hot List" language to provide early termination compensation and a one -year carry over for <br />incentive compensation on projects that close during the 12 month period following termination <br />• Advance on Incentive Compensation <br />Each of these items have been addressed in the attached draft new DM Contract. Staff will continue to work <br />towards resolution of the terms identified above and identified as changes in the attached DRAFT contract. <br />Notification: <br />None required. <br />Recommendation: <br />Staff recommends that the HRA review the Development Management Contract with Landform Professional <br />Services for The COR at Ramsey and consider approval. <br />Funding Source: <br />Administrative Fee is paid froom the HRA levy/budget. Incentive compensation is paid with land sale proceeds. <br />Council Action: <br />HRA Action: Review the Development Management Contract with Landform Professional Services for The COR <br />at Ramsey and consider approval. <br />DRAFT 2011 -2013 DM Contract <br />April 2010 - March 2011 DM Contract <br />Attachments <br />