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<br />I <br />Ie <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />-- <br />I <br />I <br />I <br />I <br />I <br />I <br />.. <br />I <br />I <br /> <br />Fees <br /> <br />Section D <br /> <br />Springsted Incorporated would normally perform all of the services <br />delineated in this proposal for a professionai fee not to exceed $15,355, <br />excluding out-of-pocket expenses. However, in order to improve our <br />recognition and reputation as a provider of executive search services to <br />local governments in the Midwest we are proposing to perform these <br />services for a professional fee not to exceed $8,500. Although our normal <br />fee for the Executive Search would be $15,355, we are discounting this fee <br />in order to gain exposure by providing first class service to the City of <br />Arden Hills. Not only will this provide value-added benefits for Arden Hills, <br />we anticipate that our credentials in performing executive searches in <br />Minnesota will be enhanced through performing them well for you. A <br />detailed work plan showing hours to be worked by category of personnel, <br />and hourly billing rates before the discount is shown below: <br /> <br />. _ .. Hourly Rates <br />Principal/Senior Officer <br />Officer/Project Manager <br />Associate <br />Support Staff <br /> <br />rH Hn ... <br /> <br />$180 <br />150 <br />110 <br />50 <br /> <br />~ SPRINGSTED <br /> <br />Page 1 6 <br />