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City of Roseville, Min�n�esota <br />April 16, 2008 <br />Page 2 <br />Tentures, LLC) and an�ticipate th�is to be more of an on�goin�g approach as the City en�ters into n�egotiation�s with on�e or <br />both�. M an�ticipate n�egotiation�s with the d�eveloper(s) will in�clud�e discussion of the followin�g: <br />Cost allocationms <br />F'inamcimg <br />Qualifications for public financing <br />T'imim g, and <br />Other d�evelo memt agreemen�t terms <br />Review of developer financials <br />• Sources and uses of funds <br />• Project proforma <br />Perform rate of return analysis <br />T'h�e in�d�ivid�ual d�eveloper projects may also n�ecessitate ad�d�ition�al upd�ates to the mod�el as assumption�s or project <br />compon�en�ts ch�an�ge. As a result it is d�ifficult to give an exact d�ate for conclusion of our work on the project, as well <br />as a total estimated fee. Based on our experien�ce and curren�t work sch�ed�ule with City staff, we an�ticipate the project <br />con�tin�uin�g for approximately 60-90 ad�d�ition�al d�ays with the fin�al cost to be approximately $30,000. Should we <br />an�ticipate a ch�an�ge in eith�er the timin�g or fin�al cost, we will provid�e an upd�ate to the City prior to exceed�in�g th�ose <br />limits. <br />T'h�an�k you for the •pp• •- • e • the City • Roseville. If • questio • comments, <br />please coin�tact me at 651-223-3036 or �m�huot((Ds�p�r�i�ng:sted.co:�m. <br />