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<br />JHN-~4-2005 10:37
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<br />SRINT PAUL WRTER UTILITY
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<br />651 292 7811 P.01/01
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<br />January 04, 2005
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<br />Mr. WUHam Tschida
<br />St. l'a1.l1 Regional Water Servites
<br />Engine4ing Section
<br />1900.Rice St
<br />~t Paul,MN 5.5113,
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<br />01UOl~"
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<br />- umt1v;rci;:J '(j< 1tfdu./trJ<tI
<br />M4tlJ/~ d- EJl+ipmPlr
<br />APP'l'dirdJ Sp!tialhtJ
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<br />Dear Mr. Tschida:
<br />
<br />lllls letler ;. · P\'OPosal of understanding """.eming th. ~..t Df Orio~ APl'falsaJs, m., for tho
<br />9t>Jposo of len<lOrlng ..luatiOn <;9lI$U\t,.~on and/o, ol'!>r3isal "'~~ The !"port sholl, be prepared for
<br />St.}>..l RegioDlt! Water Servl""" the ~Client", ~d ;, for ~he sole ll11d "".IUSive ~. Of the client. 1t is
<br />UnderStOod by both pattie~.that the nature of the asS1gnment IS as follows:,
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<br />. ENGAGE.l\mN'r/PROPOSAL LETTER
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<br />Property Loeation &: Type:
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<br />1601 Lamotte Drive, CelitetviJle and.Lino Lakes, MN'. 'two
<br />res.i!ieQti~ Jots, o~e b improved with a hOinesfead.
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<br />To provide an opinion of "Market Value As Is Fee Sfblple Interest"
<br />fOT tlle pUJ'pcne of PO'S1ole aequistion. The repOrt shall comply with
<br />Appraisal lhS(itute standards and USP AP & FlRREA r~guJalions as
<br />' reqUired.
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<br />Pu.rposo of AssigWnent
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<br />Type of Report:
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<br />l"and Jl.arrative
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<br />Due bate;
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<br />On or betor-e'January 17, 2005 jf eQgaged by J1'Ruary 5, Z005.
<br />The agreed completion. date assumes that written ~~thotization is'
<br />. received, S~orting infonnation will oe' available and the: oappmiser Win
<br />have access to, the above ptnperty, 'If delayed or the property is
<br />different, than originally represented, art adjustment to the fee or ti:me
<br />may be 'made. If this a~r.ne.ot is canceled at any time prior ~
<br />delivery, cHent a,gtees to pay for work pmonned.
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<br />~o origillal copies of~e report win be provided fot' a fee of
<br />$1,500.00. If netded, subseqJ.lent time spent ou the report Will be billed
<br />I:1t a tate of $I50,PO per hour (i.e. court testimony). Additional original
<br />report COpies are $200.00 eaell.
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<br />NliIt 30 days. In.terest charges in the a.1l1bUl1t of 1-] /2% per m~nth on
<br />overdu~ accounts. We agree that your final approval will be based
<br />soltlly upon the saH~faction that all t'egulations am:} standardS have been
<br />met and win not in any way be contingent upon tl1(~ client's satisfaction
<br />With the numerical resuTts.
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<br />w. -Will pro".d With lite ...i_, upDn the return of Your lc;lter of ";,gaaeme,,t-Or thi, i."", of
<br />~, to illY. attellfioo. You Or }'OUt -five Win' b. contaCted by "" shortly -aft..
<br />engagemmt to inspect the property and gather necessary information. .
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<br />~"-,,-,~,~,,,,~_.~,,-~A.'J1)bi~~:o~(,/~~.=-== :
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<br />Cost of Ser'\1ices Rendered:
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<br />Terms:
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<br />. ORlONAPPRAJSA1S1 INC
<br />,34J5 'Willaw lIikp, Blvd. · S,dtr: 100 . Sr. Pa/Z~ MN 5Jl10
<br />(651) ().%-1339 · ~ (651) 636.2133 . (800) 274~9flT7 . ,,,.,,....'-..~_H_...'
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<br />TOTAL P.01
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