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6. Incentive Compensation shall be due on the project known as The Residence <br />and the project known as Suite Living under the terms of the agreement <br />effective April 1, 2010, and commensurate with their respective incentive <br />compensation fee worksheets approved by the HRA. The incentive <br />compensation paid to Landform for The Residence and Suite Living will be <br />reduced by any advances on incentive payments made under this <br />Agreement, and said amounts will count towards the maximum advance <br />amount contemplated in Article 4, Section B.3.a <br />7. Compensation CarryoVer — It is recognized that Landform will expend <br />significant effort and expense in the advancement of the Project and <br />individual users on an incentive basis, for which the HRA receives value that <br />will survive the termination of this Agreement. Therefore, upon termination of <br />this Agreement, on or before March 31, 2013, Landform shall receive <br />compensation as outlined in Article 4, Section B herein, on all HRA Contracts <br />for which the HRA and a third party execute within a period of fifteen (15) <br />months following the termination of this Agreement. . Once an HRA Contract <br />is executed, compensation shall continue on a project -by- project basis until <br />complete. Compensation shall follow the particular user or buyer originating <br />the HRA Contract regardless of subsequent renewals or extensions of the <br />HRA Contract.. <br />For purposes of this paragraph 7., in order to determine the Development <br />Capital Cost for future developments, the Development Capital Cost formula <br />as defined in Subsection B.2 of this Article IV will be used. Where necessary, <br />because adequate development data from a proposed purchaser is not <br />sufficient to determine the Development Capital Cost, the Current <br />Development Plan and Financial Dashboard shall be used to arrive at the <br />Development Capital Cost for a development when the exact costs of the <br />future development is unknown. <br />If, by the agreement of both parties, services outlined in this proposal are <br />provided outside the Project all terms and conditions outlined in this proposal <br />shall apply on a parcel -by- parcel basis. <br />8. Exceptions /Exclusions to Incentive Compensation: <br />a. No Incentive Compensation will become due on any public infrastructure <br />(roads, bridges, utilities, etc.) projects constructed within the Project. <br />b. No Incentive Compensation will become due on any public park projects <br />including the City of Ramsey's East Meandering Park unless the park <br />contains a commercial or private component for which the fee will be <br />calculated on that portion alone. <br />c. No incentive Compensation will become due on any city initiated facilities <br />providing municipal services to the City of Ramsey. (i.e. City offices, <br />pump house, public works facilities, community center, etc.). The term <br />"community center" as used herein shall mean a facility that is <br />constructed without any private partnership with the City /Owner. <br />Incentive Compensation will be paid on the Development Cost of the <br />Ramsey -2011 DM Agreement 11 <br />