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ARTICLE 3. THE DEVELOPMENT MANAGER'S COMPENSATION <br />The City shall compensate the Development Manager in <br />accordance with the following terms: <br />3.1 For the Basic Services rendered by the Development Manager <br />pursuant to Article 4 hereof, the Development Manager's compensa- <br />tion shall be a fixed fee of $825,000. The Development Manager <br />shall receive $495,000, or sixty percent of the fixed fee, during <br />the Design Phase of the Project and the remaining $330,000, or <br />forty percent of the fixed fee, during the Construction Phase of <br />the Project. <br />3.2 For the Additional Services rendered by the Development <br />Manager pursuant to Article 5 hereof, the Development Manager's <br />compensation shall be computed as follows: <br />3.2.1 Time of Managers at the fixed rate of $140.00 per <br />hour. For purposes of this Section, the Managers are Richard G. <br />Hanson, John A. Harris and Richard R. Bryan. Said Managers shall <br />not be changed without the written consent of the City, unless <br />they become unsatisfactory to the Development Manager and /or cease <br />to be employed by the Development Manager in a similar capacity. <br />3.2.2 Time of Employees assigned to the Project in the <br />Development Manager's office or at the construction site, at a <br />multiple of three (3) times the employees' Direct Personnel <br />Expense. <br />- 3 - <br />