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<br />Kennedy <br /> <br />C H ART ERE D <br /> <br />470 u.s. Bank Plaza <br />200 South Sixth Street <br />Minneapolis, MN 55402 <br />(612) 337-9300 tel'phon, <br />(6l2) 337-93lO f", <br />http://www.kennedy-graven.com <br /> <br />Graven <br /> <br />STEPHEN J. BUBUL <br />Attorney at Law <br />Direct Dial (612) 337-9228 <br />Email: sbubul@kennedy-graven.com <br /> <br />September 8, 2006 <br /> <br />Karen Barton <br />Community Development Director <br />City of Arden Hills <br />1245 W, Hwy 96 <br />Arden Hills, MN 55112-5743 <br /> <br />RE: Legal Services <br /> <br />Dear Karen: <br /> <br />I enjoyed meeting with you and Michelle Wolfe last week about the City's upcoming <br />redevelopment of the Twin Cities Army Ammunition Plant (TCAAP) site, and look <br />forward to working with you on this ambitious effort. <br /> <br />I understand that you have engaged us to provide legal services related to the public <br />financing and related redevelopment aspects of the TCAAP project. The primary activity <br />would involve a master development agreement with the development partners for the <br />project, along with related activities (such as review and consultation with Ehlers & <br />Associates and other consultants in connection with establishment of one or more tax <br />increment financing districts). In addition, we would serve as bond counsel in connection <br />with bonds (if any) issued for the project and related infrastructure. <br /> <br />Our proposed fees for this work are $285 per hour for any matters subject to <br />reimbursement by private parties; and $190 per hour for any matters paid by the City or <br />EDA and not reimbursable by private parties, Work performed by law clerks and <br />paralegals, if any, would be billed at $110 per hour. These rates would be in effect <br />through 2007, and would be subject to adjustment at that time, <br /> <br />We bill out-of-pocket costs for such things as postage, long distance telephone calls, and <br />computer assisted research, The following is representative of these types of charges <br />(subject to annual adjustment): <br /> <br />Photocopying Charges <br />Facsimile Charges <br />Mileage Charges <br />Westlaw or Lexis Fees <br />Messenger/Express MaiVLong distance telephone <br /> <br />$ ,20 per page; $lIpage color <br />$ .50 per page, <br />$ .445 per mile (or IRS rate) <br />$ Actual Cost <br />$ Actual Cost <br /> <br />297567vl 518 AR20Q-4 <br />