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Print Agenda Item <br />HRA Regular Session <br />Meeting Date: 10/23/2012 <br />Title: <br />Development Management Compensation <br />Background: <br />Pursuant to the development management agreement, attached for your consideration are <br />development fee worksheets for the following deals: <br />• McDonalds <br />• SuperAmerica Armstrong <br />• SuperAmerica Ramsey <br />• Sunwood Retail - General <br />Notification: <br />Information <br />Page 1 of 2 <br />5.2, <br />Observations: <br />Development fee worksheets are prepared based on initial pro -forma values and presented for <br />approval by the .HRA prior to compensation under the incentive based section of the contract. <br />If these values change substantially over the completion of the project they are subject to review, <br />modification, and approval at that time. <br />The fee worksheets for McDonalds and SuperAmerica. are based on current pro -forma values, as <br />modified by the Department of Labor and Industry valuations, and maximum values established in <br />the contract. <br />The proposed fee worksheet for Sunwood Retail - General, is based on the efforts associated with <br />the Sunwood Retail area as a whole, and is presented for your consideration as compensation for that <br />overall effort. <br />The development team will present the information in detail at the meeting. <br />Recommendation: <br />The development team requests consideration of the proposed compensation worksheets, and based <br />on discussion reccomends approval of the proposed compensation outlined. The HRA Executive <br />Director and Development manager will meet prior to the meeting to develop final <br />recommmendations to be presented to the HRA, <br />Funding Source: <br />Proceeds of Land Sales - as outlined in the DM Contract <br />http: // 156.142 .212.178 :8080/ frs /publish/print_ag_memo.cfm ?seq= 2530 &rev_num= 0 &mo... 2/13/2014 <br />