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The COR Development Management <br />Deal: McDonalds Restaurant <br />Date: 10/23/12 <br />Site Improvement Cost <br />Off -sites <br />Site Subsidies <br />Sub Total <br />Development Soft Costs <br />Net Subsidies <br />cannot exceed 20% of a -c <br />Sub Total <br />Total Development Fee (2% of DCC) <br />Due at PA <br />Due at Closing <br />Due at CofO <br />Fee: 2.00% <br />Total Development Fee <br />Large Development Adjustment (DCC > $30m) <br />Phased Development Adjustment <br />Adjusted Development Fee <br />Subsequent to Sellers obligations <br />T 11 E <br />4 8 <br />L A N D <br />Frnm 44e to roish <br />F O R M <br />4 <br />„ 4 <br />DM FEE WORKSHEET <br />Net Land Sale Price <br />Pro -Forma Building Value <br />Building Subsidies <br />MN DOLI Building Valuation * 1.25 - cannot exceed <br />Sub Total <br />$ 470,000 <br />$ 1,200,000 <br />$ 792,056 <br />$ 792,056 <br />$ 660,000 <br />$ 200,000 <br />$ - <br />$ 860,000 <br />$ 500,000 <br />$ 450,000 <br />TOTAL Development Capital Costs (per compensation Formula) $ 2,572,056 <br />$ 51,441 <br />F ee Calculation <br />51,441 <br />N/A <br />N/A <br />51,441 <br />Payments Notes: <br />Amount <br />$ 10,288 <br />$ 30,865 <br />$ 10,288 <br />Approved: <br />Landform Professional Services <br />City of Ramsey HRA <br />