LIDGARD & ASSOC 2 - 2005 - Laserfiche WebLink

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STATEMENT OF COMMITMENTS (Continued) FEE SCHEDULE It is understood that the appraisal fee for specific real estate appraisal assignments will be negotiated prior to commencement thereof. In general, the hourly rate of the principal appraiser is $175; the hourly rate of the associate appraiser is $110. Market research associates and office staff are billed at $75 and $45 per hour, respectively. Said rates are fully burdened, i.e. inclusive of overhead costs, general, administrative, and profit. As stated, Lidgard and Associates, Inc. is a fully staffed appraisal firm, and does not engage in subcontracting with outside appraisal companies. The fee schedule includes all expenses incurred in connection with the real estate appraisal service. In the event Lidgard and Associates, Inc. is authorized to engage appraisal services for specialized equipment items or business valuations, it is assumed that the fees for said services will be reimbursed. In the event litigation is necessary for the acquisition via eminent domain court appearance fees and/or deposition appearance fees will be based upon $250 per hour with a $1,000 per half day minimum in the forenoon or afternoon. Pretrial and pre deposition conferences, if any will be based upon $275 per hour. The hourly rate will be applied for file review, travel time, and additional investigation deemed necessary by legal counsel as part of litigation. LIDGARD AND ASSOCIATES APPRAISERS -CONSULTANTS Scheduled Assignment Type/Location Completion 2 commercial properties, Long Beach two weeks Service station, Long Beach three weeks Fourplex, Long Beach three weeks Motel property, Long Beach four weeks 2 sewer easements, Thousand Palms four weeks Mobile home park, Torrance four weeks Apartment complex, Montebello six weeks Apartment complex, Long Beach six weeks Harbor Boulevard project, Costa Mesa six weeks 6 commercial properties, Long Beach eight weeks 8 commercial properties, Long Beach eight weeks FEE SCHEDULE It is understood that the appraisal fee for specific real estate appraisal assignments will be negotiated prior to commencement thereof. In general, the hourly rate of the principal appraiser is $175; the hourly rate of the associate appraiser is $110. Market research associates and office staff are billed at $75 and $45 per hour, respectively. Said rates are fully burdened, i.e. inclusive of overhead costs, general, administrative, and profit. As stated, Lidgard and Associates, Inc. is a fully staffed appraisal firm, and does not engage in subcontracting with outside appraisal companies. The fee schedule includes all expenses incurred in connection with the real estate appraisal service. In the event Lidgard and Associates, Inc. is authorized to engage appraisal services for specialized equipment items or business valuations, it is assumed that the fees for said services will be reimbursed. In the event litigation is necessary for the acquisition via eminent domain court appearance fees and/or deposition appearance fees will be based upon $250 per hour with a $1,000 per half day minimum in the forenoon or afternoon. Pretrial and pre deposition conferences, if any will be based upon $275 per hour. The hourly rate will be applied for file review, travel time, and additional investigation deemed necessary by legal counsel as part of litigation. LIDGARD AND ASSOCIATES APPRAISERS -CONSULTANTS