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EXHIBIT B
<br />FEE PROPOSAL
<br />The following fee schedule Includes all expenses incurred in connection with
<br />the real estate appraisal service and will remain firm for the three -year
<br />contract period. In the event Lidgard and Associates, Inc. i5 authorized to
<br />engage appraisal services for specialized equipment items or business
<br />valuations, it is assumed that the fees for said services will be reimbursed.
<br />The consultant's billable rates will not include mark -ups for overhead and
<br />profit.
<br />Single Parcel Multiple Parcel
<br />PropertyTvQe Assignments Assignments
<br />Partial Take Acquisitions:
<br />Vacant land: $3,000 - $3,500 $2,200 - $2,700
<br />Noncomplex residential takes: $2,500 - $3,000 $2,200 - $2,700
<br />Complex residential takes: $3,000 - $4,000 $2,500 - $3,500
<br />Noncomplex commercial takes: $4,300 - $5,000 $3,300 - $4,000
<br />Complex commercial takes: $5,000- $6,000 $4,000- $5,000
<br />Noncomplex industrial takes:
<br />Complex industrial takes:
<br />Full Take AcqutsNons.-
<br />Vacant land:
<br />Single family residential:
<br />Multiple family residential:
<br />2 -10 dwelling units:
<br />11-20 dwelling units:
<br />30+ dwelling units:
<br />Commercial properties,
<br />Single tenant buildings:
<br />Multiple tenant buildings:
<br />$4,300 - $5,000 $3,300 - $4,000
<br />$5,000 - $6,000 $4,000 - $5,000
<br />$2,500 - $3,400 $2,500 - $3,000
<br />$2,750 - $3,100 $2,600 - $2,850
<br />$2,650 - $3,500 $2,400 - $3,000
<br />$3,500- $4,500 $3,000 - $4,000
<br />$5,000+ $5,500+
<br />$3,500 - $4,500 $3,000 - $4,000
<br />$4,000 - $5,000 $3,500 - $4,500
<br />The schedule for professional acquisition appraisal services will be based on
<br />the fee structure set forth below. In general, the hourly rate of the principal
<br />appraiser is $335. Market research associates and office staff are billed at
<br />hourly rates of $195 and $135, respectively. Said rates are fully burdened,
<br />i.e. inclusive of overhead costs, general, administrative, and profit. As stated,
<br />Lidgard and Associates, Inc. Is a fully staffed appraisal firm, and does not
<br />engage in the subcontracting of outside appraisal companies.
<br />251-41
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