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Mr. Peter Rhoad <br />July 16, 2010 <br />Page 2 <br />The conclusions of the studies will be outlined in a restricted use appraisal report, appropriate <br />for settlement negotiations or court submittal. All appraisal services will be performed in <br />conformance with the Uniform Standards of Professional Appraisal Practice (USPAP). <br />Assuming the business owner is cooperative in providing all necessary documentation, our <br />analyses can be completed within six weeks of receipt of your authorization to proceed. <br />FEES <br />Based upon the scope of services described herein, I estimate that the fee for appraisal services <br />will be $4,000. This fee is exclusive of fees that may be incurred for review of opposing <br />appraisal reports, deposition preparation and court testimony. Fees for these services are billed <br />based upon the appropriate hourly rate. If, during the course of the appraisal process, it is <br />anticipated that the fees will exceed the estimate provided herein for reasons beyond my control, <br />I will contact you immediately for your authorization to proceed. <br />Thank you for the opportunity to provide this proposal. I hope to be of continued service to you <br />and the City in this matter. <br />Very truly yours, <br />DONNA DESMOND ASSOCIATES <br />r? <br />F <br />if l <br />Donna Desmond, ASA <br />DONNA DESMOND ASSOCIATES