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<br />JAN-04-2005 10'37 <br /> <br />SAINT PAUL WATER UTILITY <br /> <br />651 292 7811 P. 01/01 <br /> <br />]allulty 04, 2005 <br /> <br />OlUOl~" <br />~d<11tI1/;,,<h'/4/ <br />M.#IJ~ d- qllipmc.1 <br />App....ulll SpfciAlJJu <br /> <br />Mr. William Tschida <br />St hul Regional Water Services <br />:Bngillcqjng Section <br />I9QO Rice St <br />~t Paul, MN 55113. <br /> <br />Dear Mr. T~bida: <br /> <br />This letter is a P\'OPosal of understanding cOlICCnJing the engagement of OtioI;! ApPfalsals, me, for the <br />J'Illposc of te!ldering valuation ~t!ltjon andlO!' al'J)raisaJ ~om; The teport shall be ~pared for <br />St.l'aaIRegiOtlal Wattr Services the ~CliCl\t", and is for the sole and exclllSive use of the client, ItiJI <br />Ull~ by bOth patti~that the DatuTe of the lISSignmellt is as folloWs: . <br />' , <br /> <br />. ENGAGEMENTIPROPOSAL tE~k <br /> <br />Pr~ Location & Type; <br /> <br />1601 L8.llIotte Drive, Celitel;1liDe llild.Lino Lakes,!\:IN. 'two <br />rqj!fentil!llots, one is improved with a bomesfead. <br /> <br />To provide an opinion of "l\(arket V8Jue At Is Fee 81l11plo Interest" <br />for tile purpO$e of ,lIO$8I"le aequistion. Thi!ll'qlOrt sball COIl1ply with <br />AllPralsaImSlitute standa.rds and USPAP & FlRlUlA "gulalions ll$ <br />, required. <br /> <br />~sc of A&siginnent: <br /> <br />Type of Report: <br />DUe Date: <br /> <br />LlllId Ilarrative <br /> <br /> <br />On or before'JAnuary 17, 2005 if eQgagm by Juu..." 5, ZOOs. <br />The agreed OOlllplenoll date assumes that written authorization is . <br />. received, SUPlXll'ling informatiO:l\ will oe aVailable lIIld the '8ppl'aiser will <br />have access to the above ptllperty. If delayed or the property is <br />dJH.CJ'al.t than originally tcpreaentcd, all adjustment to tbe fee or lillle <br />may bernade. If this agreelXlQl]t is canceled at illY time prior ~ <br />delivery, client agrees to pay for Werle Perlbnned . <br /> <br />Two origlllAl copies of lhe report will be provided lot a fee of <br />$1,$00.00. If Deeded, subsequent time spent on the l'CpOrt will be billed <br />at a 1'lIte of $150.00 per hour (i.e. COW"t tesfutlony). Additional original <br />teport copies are $200.00 each. <br /> <br />Net 30 days. >>Ile:rest charges in the 8Il1bUll! of 1-1I2% Pet'lI1QIlth on <br />overdue aCCoutlts. We agree that your final 8pprova] will be based <br />solely upon the salisfaetion that all regulations al)l! slalldardS have been <br />met and will not in .9lly Way be contingent upOn the client's satisfaction <br />with the numerical resuTts. <br /> <br />We -Will ~d With the am~ent UPOD tbe relUtn of Your letter of engasernent.or tbis iettq- of <br />en:gateUlerrt to IllY ,attention. You or )'out representative witt. be eonb}c'ted by Il8 shortIy-after <br />t:ngllgetllmt to inspect the property and gather necessazy infonnation. .- <br /> <br />~eedThis?ate:_OI/~r <br /> <br />Cost of Set'\'iees !tendered: <br /> <br />Terms: <br /> <br /> <br />- ORION APPlWSA.lS, INC. <br />3~JW,/!wJWq/Jlpd. . Sultr:100 . S~lhJ,M.N5JU() <br />(651) b35-1!15!} . Cib< (651) IJ96-2l.!J3 . (800) 27,/-9677 . .'"""'_:__....... <br /> <br />TOTAL P.01 <br />