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_ Commercial Real Estate Services FEW® SSOCIA"IES CONTRACT FOR SERVICES This contract represents the agreement between Fewel & Associates and City of Santa Ana, (the Client). 1. Fewel & Associates agrees to provide an Appraisal Report of the multi -family residential land located at 1405 French Street, Santa Ana, California. Attached to this contract is a copy of the "Scope of Work," Appraisal Certification," and "Contingent and Limiting Conditions" that will apply to the analysis. 2. Fewel & Associates understands that the appraisal is being requested by the Client in connection with the "purpose and intended use" contained in the cover letter of this contract. Fewel & Associates agrees to deliver two original copies and one electronic copy of the report within three to four weeks of the commencement date for the appraisal fee of $4,500.00. We can use a fax or email copy of this executed contract for the commencement date, as long as we receive the contract with your original signature and the requested submission items (see attached checklist) necessary to complete the appraisal within three to four working days thereafter. As soon as you return a signed copy of this contract to us, ajob number will be assigned to your appraisal and your job will be logged on our calendar. Please note that any delay in our receipt of these items may postpone the delivery date. Please call if you foresee any problems in obtaining the listed items. The fee reflects the estimated time that will be required to complete the appraisal and is in no way connected with any value to be estimated. The Client agrees to pay Fewel & Associates $4,500.00 within 30 days of receipt of the final report. 3. In addition to the "appraisal fee" as quoted in Paragraph 42, additional billing will be charged at the rate of $150.00 per hour, portal to portal, for additional meetings or conferences requested by the client or those meetings or conferences with the client's attorney or other agent. 4. In the event Fewel & Associates is subpoenaed or otherwise required to give testimony or to attend any public or private hearing as a result of having prepared this report, or attend any conferences pertaining thereto, the Client agrees to pay Fewel & Associates $250.00 per hour, portal to portal, for attendance or testimony required. 5. It is farther agreed and understood that if any portion of the compensation or costs due Fewel & Associates becomes delinquent, The Client will pay a rebilling charge of $15.00 or 1.5% per month (whichever is greater) from the due date Lentil paid, and further agrees to pay all costs of collection thereof, including reasonable attorney's fees, court costs, etc. 129 W. Wilson Street • Suite 201 • Costa Mesa, California 92627 • (949) 764-2650 Fax (949) 764-9325