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<br />Arden> Hills Market Study <br />Evaluation of Proposllls . Sllptember 14, 2007 <br /> <br /> <br />Team Members <br /> <br />Public experience <br /> <br />Other Client ""penence (developer, <br />property owner) <br /> <br />Number Of Client Meetings <br /> <br />Scope Of Services <br /> <br />Work Product <br /> <br />CostforHousing;Study <br /> <br />Cost of Hotel Study <br /> <br />Cost of Commercial/Office Study <br /> <br />Cosltor Combined Study <br /> <br />Payment Of Contract. <br /> <br /> <br />Rtcky Wong. Assistant VP . Provide <br />researdh-assfstance_.:....4..Ye:-arsEXperlence <br /> <br />FfC1l1ce&Excel$!PfB()UI~V~Jcf"St.Louis <br />Park, Sherbume County. Hotel <br />Development - Hastings HRA, Mixed-Use <br />Development - Fridley HRA <br /> <br />Redevelopment - St. Louis Park, 494 & <br />Penn.,;,Richfield;OO-wrltOwflMixedUse> <br />Apple Valley <br /> <br />3 <br />Additional meetings billed at hourty rate ot <br />$2501hr for Brent Wittenberg and $175Ihr <br />for Ricky Wong <br /> <br />Market Area Definition and Site <br />A.Ss~~irlerit"-'l)lW1o_gr:aphlc.':~n'd'~Q6nQJ'rli9 <br />Dala Analysis, Employment Trands, <br />Housing Markel Analysis (for-sale, renlal. <br />senior). and Review of Trade Areas and <br />Market Conditions <br /> <br />Bound MarkeLStudy <br />(Provide.5 Copies, plus eleclronic copy). <br />Additionatoop:ie$ 'atcost'tocl~rit <br /> <br />$25,000 <br />$15.000 <br />$15,000 <br /> <br />$45.000 (plus expenses) <br />$35,000 If hotel study is nol needed <br /> <br />Mary Bujold. Presldi'nt. PrYjeclc <br />Manager Who Will OV6"rsoo Work .20 <br />Years ExperIence <br /> <br />Jay Thompson. VP - Principal <br />Analyst for Prolect - 11 Years <br />experience <br /> <br />Ryan Bergman - Research Anaiyl>l- <br />Provkle Dala Gathering - 2 Year. <br />EXperience' <br /> <br />peny Nguyen - Intem <br /> <br />Cedar Grove Redevelopment - Eagpn. <br />Downtown Rosemonl - Rosemonl. <br />Highway 7 Corridor. HUlchlnson <br /> <br />NlA <br /> <br />3 <br />Additional meellngs billed at $1501hr <br />for 1 Maxfield pel$On attending and <br />$200lhr for 2 people from Maxfield <br />attending <br /> <br />Site "valuation, Demographic <br />Anatysis. "mpioymenl Trends, <br />Housing MarketAnalysis (for-sale, <br />renlal, senior), and Review ofTrade <br />Areas and Market Cond~ions <br /> <br />Bound Market Study <br />(Provide l; Copies, plus electronic <br />copy). Addillonal copies at caslto <br />client. <br /> <br />$17 ,94l; <br /> <br />Do'not re-viewhotels <br /> <br />$15.000 <br /> <br />$29,940 (plus expenses) <br /> <br />50%oftolal fee to lnitiateengagemenland Paid mOhlhlY based upon completion <br />balancedueupen delivery of reporl 6fwork <br /> <br />Linda AsSOciate- <br />Conduct Market Rilsellrch, <br />demogl)!lphicarn:! ronsum... <br />analysis <br /> <br />Lori Hoffman - Assoclate,- <br />Compeff!lve Evaluations. <br />demographic and markel research <br /> <br />5...~a~'~!I~I1Q..~,9'()l'lsuJ~nt:-- <br />Oernographic and markel <br />.r_J:itcf) <br /> <br />MN Sports. Retail and <br />E:ntertalnment Cenler - Blaine. <br />Brookdale Center - BrOOklyn <br />Cenler, Soulheaie Cenler - "dina, <br />Rosedale Center - Rosevllle, Etc. <br /> <br />Multiple <br /> <br />4 <br />Additional meetings billed at <br />pluse f <br />for <br />E:>\ecutive for <br />Senior Associates. S1000lhr of <br />AsSOOIates and $75-$100lhr for <br />Conswlanl. <br /> <br />Re1all and office Market Analysis, <br />Residential Growth Trends. <br />Competitive ShoWing Areas, <br />Trade area Analysis. <br />DeYelopment Potentlal, HlslorIc <br />Office-and OfficelShoWrQI)m <br />Absorpt!on and Demand, <br />Deve!oper!1lroker (ntervlews and <br />Employment Growth <br /> <br /> <br />Didn't provide information but <br />would anffcipa\e it would be!t <br />bound copies and an electronic <br />copy <br /> <br />NlA <br /> <br />$43,000 <br />NIA <br /> <br />50% of total fee to inltiate <br />engagement and blUed mid-month <br />::atJi':f O1O:oth;;.end'$ :vvj)rk <br />progresses <br />