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<br />rehabilitation, public finance, proforma analysis, developer negotiations and all areas of project <br />management. Mr. Ruffhas extensive experience in municipal finance management and is an expert in <br />development and tax finance. <br /> <br />Estimated Fees <br />Services provided within this proposal will be billed on an hourly basis at the rate of $200/hour. <br />Following is a chart delineating the Ehlers representative primarily responsible for the tasks, the <br />estimated time, and costs to complete each task: <br /> <br /> Service Ehlers Rep Estimated Hours Cost <br />Resource Plan SK and MR 200 $40,000 <br />* TIP DistrictIPlan Creation SK and SI Flat Fee $25,000 <br />Review of Developer <br />Pro forma (Financial Projections SI and SK N/A Hourly <br />for Project)and Negotiation on <br />Development Agreement <br />Miscellaneous Meetings All N/A Hourly <br /> <br />* Note: This service will only be provided ifit is determined it is needed and directed by the Council <br /> <br />It should be noted that TIP DistrictIPlan Creation does not include costs for third party inspection of <br />buildings on site for purposes of qualifying them as substandard. The estimated costs of the developer <br />negotiations and meetings will depend upon factors outside of our firm's controL Therefore, we have <br />not made an estimate at this time. <br /> <br />Sincerely, <br />Ehlers and Associates, Inc. <br /> <br />~~ <br /> <br />Mark Ruff <br />Executive Vice PresidentIDirector <br /> <br />~G~ <br /> <br />Sid Inman <br />Senior Vice President <br /> <br />0~ <br /> <br />~ <br /> <br />Stacie Kvilvang <br />Executive Vice PresidentlFinancial Advisor <br /> <br />Arden Hills Proposal for Resource Plan and Fiscal Impact Analysis <br /> <br />TCAAP <br />