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<br />1'" <br /> <br />J <br />. <br />~. <br /> <br />. <br />j <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />ESTABLlSIllNG OF FEES <br /> <br />Our proposed fee scheduled is attached as Exhibit A for review and consideration. <br /> <br />INSURANCE REQUIREMENTS <br /> <br />We have reviewed the insurance requirements and we are prepared to meet those <br />requirements. <br /> <br />PROFESSIONAL SERVICS AGREEMENT <br /> <br />We reviewed the professional service agreement and are prepared to execute the <br />agreement as presented. <br /> <br />COORDINATION <br /> <br />We understand and accept that coordination with the City, other agencies, and consultants <br />might need to take place and that coordination might be performed by REC&S through <br />the City or is project manager. <br /> <br />PROJECT PROGRESS <br /> <br />We are prepared to meet with the city project team at any time during the term of the <br />project to review the status of any and all phases of the project. <br /> <br />C. RECENT RELATED EXPERIENCE <br /> <br />Los Angeles World Airport <br /> <br />Provide property management, accounting, maintenance, and monthly reporting services. <br />We currently serve as property manager for the Sound Mitigation Voluntary Acquisition <br />Program. We have set up and operate a 24/7 call center and work order system to track all <br />customer calls and maintenance related activity. Scope of work includes tracking tenant <br />rents, monthly fInancial reporting, vacancy verifIcation, lock changes, board up, graffIti <br />removal, debris removal, gardening, general maintenance, tenant final accounting post <br />vacancy, security deposit tracking, forfeiture and refunds, trust account control <br />maintenance and reconciliations. The project contract was for one year with two, one <br />year renewals. The project started February 1, 2005 and has recently been renewed until <br />January 31, 2007. The approved value of the project in year one was $1.9 rnillion and <br />the approved value of the project for year two is $2.1 million. <br /> <br />6 <br /> <br />( REC&S'INC~ <br /> <br />