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Compensation for the project developer must be negotiated with stakeholders, especially <br />the participating county commissions. A reasonable rate for project management <br />compensation is in the range of 10% of overall development costs, including facility <br />renovations and equipment acquisition and installation. The very first grant requests <br />should incorporate funds necessary to hire the project developer, and subsequent requests <br />should build in compensation for project management during the development phase. <br />The County is encouraged to consider a one year lease at $1/year, with at least nine one <br />year renewal options, contingent upon the project's economic viability and ability to <br />cover utilities and associated maintenance costs. The lease should begin upon opening of <br />the facility to entrepreneurial development and food processing services. By securing the <br />facility at a nominal lease, the intrinsic value of the building can be considered a match <br />for some types of grant funds, and demonstrates a tangible investment of resources at the <br />local level (a common requirement for securing grant funds). <br />One attractive feature for the County of the $1/year lease option is the likelihood that <br />facility fixed-asset renovations should substantially increase the value of the building. <br />Following renovation the building should be worth far more than before additions of <br />floor drains, processing rooms, expanded loading docks and improved storage areas. <br />SO <br />