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The COR Development Management <br />• <br />Deal: Residence at The COR <br />Date: 12/9/10 <br />e „II :), FORM <br />0 <br />DM FEE WORKSHEET <br />Land Sale Price <br />Gross price Assunption ($11.50/ft) <br />Land price write -down <br />NET Land Sale Price <br />Pro -Forma Building Value <br />Building Subsidies (Development Fees) <br />MN DOLI Building Valuation * 1.25 - cannot exceed <br />Sub Total <br />Site Improvement Cost <br />Site Subsidies <br />Sub Total <br />Development Soft Costs <br />Net Subsidies (loan) <br />Net Soft Costs (Development Fees) <br />Net TIF <br />Sub Total <br />cannot exceed 20% of a-c <br />$ 1,500,000 <br />$ (1,250,000) <br />$ 250,000 <br />$ 24,625,000 <br />$ <br />$ 30,752,870 <br />$ 24,625,000 <br />Included in Bldg <br />$ 7,928,725 <br />$ (1,300,000) <br />$ (2,443,202) <br />$ (2,000,000) <br />$ 2,185,523 <br />TOTAL Development Capital Costs (per compensation Formula) $ 27,060,523 <br />Total Development Fee (2% of DCC) <br />Fee: 2.00% <br />$ 541,210 <br />Fee Calculation <br />Total Development Fee <br />Large Development Adjustment (DCC > $30m) <br />Phased Development Adjustment <br />Adjusted Development Fee <br />$ 541,210 <br />N/A <br />N/A <br />$ 541,210 <br />Payments Notes: <br />Amount <br />Due at PA <br />Due at Closing <br />Due at CofO <br />Subsequent to Sellers obligations <br />$ 108,242 <br />$ 324,726 <br />$ 108,242 <br />Approved: <br />Landform Professional Services <br />City of Ramsey HRA <br />