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Y.� <br /> Agreement Between the Twin City Army Ammunition Plant Joint Development <br /> Authority and <br /> Ehlers and Associates, Inc. <br /> This is an agreement (the "Agreement") between the Twin City Army Ammunition Plant <br /> Joint Development Authority ("JDA"), a joint powers board of the State of Minnesota (the <br /> "Board"), on behalf of the City of Arden Hills (the "City") and Ramsey County (the <br /> "County")the members of the Board, and Ehlers and Associates, Inc. (the "FIRM"). <br /> In consideration of the mutual terms and conditions hereinafter set forth, the JDA and FIRM <br /> agree as follows; <br /> 1. Scope of Services. The JDA hereby retains the FIRM to represent and <br /> advise the JDA, by providing services to the JDA as follows: <br /> A. Real estate and public finance advice related to the redevelopment of the Twin <br /> Cities Army Ammunition Plant Site as described in the Joint Powers Agreement; and <br /> B. Other professional services, as requested by the JDA Board. <br /> 2. Cost/Payment. Firm has identified Mark Ruff as the lead Firm advisor providing <br /> services to the JDA under this Agreement ("Lead Advisor"). The other Firm members who <br /> may provide services at the direction of Mr. Ruff include: Ms. Stacie Kilvang, and other Firm <br /> members identified by Lead Advisor as necessary and convenient to undertake the duties of a <br /> particular matter for the JDA. Lead Advisor shall consult with the Chair of the JDA if Firm <br /> employees other than Lead Advisor or Kvilvang employed by FIRM will bill the JDA for <br /> services. The JDA will pay the FIRM for services under this Agreement identified by Lead <br /> Advisor as follows: <br /> Senior Financial Advisor $225/hour <br /> Financial Advisor $200/hour <br /> Financial Specialist $200/hour <br /> Senior Financial Analyst $190/hour <br /> Financial Analyst $1 SO/hour <br /> Any rate increases proposed by FIRM shall be negotiated annually with the JDA. <br /> Compensation for consulting services requested in addition to the proposed scope of service <br /> will be negotiated separate from this engagement. <br /> The JDA will only pay actual and reasonable expenses without any premiums or markup. <br /> Actual copies of receipts for expenses over $100 must be attached to your billing statement. <br /> The FIRM shall promptly notify the JDA when total fees, costs, and/or expenses aggregate <br /> $5,000 and each multiple thereof. The FIRM shall submit an itemized bill and invoice <br /> l <br /> 4204140 MTN K0400-11 <br />