1. 1 Margaret Jarrell Cole AVP, Admin. and Legal Counsel Strategic Real Estate Development

2. 2 Overview Real Estate Goals Financing Structure Guidelines for Developers Project Review

3. 3 Goals adjacent land for future growth control of landscape cash flow student experience –student services programs –freshmen on campus community partner

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5. 5 Possible Advantages ad-valorem tax exemption tax-exempt financing access to UCF customers credibility

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7. 7 Additional Considerations: demand mixed use or special interest precedence with other projects reliance on proformas

8. 8 Guidelines for Projects acceptable debt coverage ratios reserves predevelopment costs developer fee to foundation developer motivation –land (appraisal) –development fee –timing

9. 9 foundation vs. developer

10. 10 Guidelines UCF team –planning –fee –expenses Housing and Student Services Police Department Physical Plant, Parking, and Teledata

11. 11 Guidelines security donation and match rules approval process –BOD –BOT –BOG –planning and zoning –neighbors

12. 12 Guidelines development agreement terms ground lease or other agreement balancing control by owners, users and investors media liability exempt organization issues

13. 13 Resources balance sheet and shadow financial and legal advisors staff commitment community relations

14. 14 McCulloch & Lockwood Project

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18. 18 Is your name on the project?