CCP 08-19-2002 - Laserfiche WebLink

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SCOPE OF SERVICES AND FEE ESTIMATE . CITY OF ARDEN HILLS - TWIN CITIES ARMY ARSENAL PROJECT The City has asked Briggs and Morgan, Professional Association to represent the City in connection with the negotiation and drafting of a Disposition and Development Agreement with CRR, LLC relating to the approximately 660 acres the City anticipates acquiring from the United States Army. As we understand it, the City is not asking us to represent the City in connection with the City's negotiations with the General Services Administration for the acquisition of the property and is not asking us to assist the City in the preparation and adoption of comprehensive plan, zoning ordinance and subdivision ordinance amendments related to the development ofthe TCAAP site, but we believe it wilI be necessary for us to closely monitor those two processes since they will have significant impacts on the terms of Disposition and Development Agreement. Mary Ippel and Tom Bray will be the principal Briggs and Morgan, P.A. attorneys representing the City in connection with the negotiation and drafting of the Disposition and Development Agreement. Briggs and Morgan, P.A. will bill for its services on an hourly basis. Ms. Ippel and Mr. Bray's time will be billed at $300.00 per hour. To the extent deemed nccessary or appropriate, Ms. Ippel and Mr. Bray may seek assistance from other shareholders and associates. Shareholder time will be billed at the lower of their internal recovery rates or $300.00 per hour. Associate time will be billed at $175.00 per hour. It is our understanding the City's project team will be meeting once a month to discuss the Project. For purposes of this estimate, we are assuming that only one of use will attend the meetings and that meetings will last two hours. We are also allocating one hour of preparation and travel time for each meeting. During a project term of eighteen months this would result in an estimated 54 hours devoted to the City project team meetings and results in an estimated fee of$16,200. . Ifwe estimate that the negotiation and drafting ofthe "disposition" portion of the Disposition and Development Agreement will take approximately 25 hours which results in an estimated fee between $7,500. At this point in time we have had only very general discussions with the City regarding the scope of the "development" portion ofthe Disposition and Development Agreement. Although it is possible to anticipate the general nature of the issues that must be addressed in the Disposition and Development Agreement, we cannot, at this point, estimate the level of detail with which the City and CRR, LLC will choose to address those issues. For purposes oftbis scope of services estimate, we assume we will spend between 75 and 85 hours working on the "development" portion ofthe Disposition and Development Agreement which would result in fees between $22,500.00 and $25,500.00. At this point in time, however, we have no "objective" basis for this estimate. . 1431431 v3