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Letter Agreement for Downtown Redevelopment Market Analysis <br />City of Centerville <br />January 12, 2023 <br />Page | 4 <br /> <br /> Kick off meeting: Week of January 30, 2023 <br /> Draft due date: First week of March <br /> Comments from city and EDA by end mid-March <br /> Final report available: Early End of March <br /> Presentation to city council and EDA: March <br />Fees <br />In consideration for the services to be performed, Client would pay LOCi Consulting LLC: <br /> $20,500 <br /> <br />Fees and reimbursements would be due and payable throughout the project, following your receipt of an <br />invoice from LOCi Consulting LLC. Compensation for services and reimbursements is due within 30 days of <br />the mailing of the invoice. Finance charges of 1.25% per month would be added to any past due amounts. The <br />invoice would include the following: an invoice number, the dates covered by the invoice, and a summary of <br />the work performed. <br />If additional meeting time (in addition to the meeting outlined in the Process Outline) or research is <br />requested by the Client beyond the research set forth in the Process Outline, this time would be billed at LOCi <br />#®­²´«³¨­¦ ,,#Ȍ² ­®±¬ « §®´±«¸ ± ³¤ ®¥ ͡ΑΔΏ ¯«´²  ­¸ ³± µ¤« ¤·¯¤­²¤²ȁ <br />Materials <br />Other than the materials described below, LOCi Consulting LLC would furnish all materials and equipment <br />used to provide the services required by this Letter Agreement. <br />#«¨¤­³ ¶®´«£ ¬ ª¤  µ ¨« ¡«¤ ³® ,/#¨ #®­²´«³¨­¦ ,,#Ǿ  ³ #«¨¤­³Ȍ² ¤·¯¤­²¤Ǿ ³§¤ ¥®««®¶¨­¦Ȁ <br /> Any demographic, competitive, or other data that has been collected by Client to date. <br />Expenses <br />Overnight travel is not required for the scope of services described in this letter. However, should the scope of <br />the analysis be extended by the Client and overnight travel becomes necessary, Client will reimburse LOCi <br />Consulting LLC for travel time, airfare, hotel, rental car, and meals. Estimates of costs can be provided to <br />Client. LOCi Consulting LLC shall be responsible for all other expenses incurred while performing services <br />under this Agreement. <br />Confidentiality <br />LOCi Consulting LLC acknowledges that it may be necessary for Client to disclose certain confidential and <br />proprietary information in order to perform duties under this Agreement. LOCi Consulting LLC will not <br />disclose or use, either during or after the term of this Agreement, any proprietary or confidential information <br />of Client without Client's prior written permission except to the extent necessary to perform services on <br />Client's behalf. <br />Termination <br />%¨³§¤± ¯ ±³¸ ¬ ¸ ³¤±¬¨­ ³¤ ³§¨² !¦±¤¤¬¤­³  ³  ­¸ ³¨¬¤ ¡¸ ¦¨µ¨­¦ ¥¨µ¤ £ ¸²Ȍ ¶±¨³³¤­ ­®³¨¢¤ ®¥ ³¤±¬¨­ ³¨®­ȁ ,/#¨ <br />Consulting LLC will be entitled to full payment for services performed prior to the date of termination. This <br />obligation, and any payment obligations pending at termination, survive termination. <br /> <br />