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Ms. Bich D. Ta <br />May L O, 2012 <br />Page 4 <br />The total cost is expected to range from $15,000 to $18,000, with a not to exceed cost of <br />$18,000. This includes two face-to-face meetings; the first to discuss the project and any <br />changes in the City benefit plans since the prior valuation and the second to present the final <br />reports and discuss the findings of the reports. The expected time needed to complete this <br />project is four to six weeks after receiving the census data described above. <br />If you have any questions, please feel free to contact me at (619) 725-1710. <br />Sincerely, <br />??- ?5? ? <br />Mtcnaet w. Jchionnmg, r.?.A., M.A.A. A. <br />Principal and Consulting Actuary <br />bUCkCt:?1"?S?i "?z?