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<br />Ms. Amber G. Miller <br />May 2, 2008 <br />Page 4 <br /> <br />the planning and cooperative activities required to successfully complete the engagement An <br />information request will be provided upon acceptance of this engagement letter. <br /> <br />In addition, our ability to successfully perform the Services within the timing parameters described in <br />tbis letter will require our obtaining access to appropriate Ramsey project team members to discuss the <br />development assumptions that have been determined for the proposed property to date and to tour the site <br />in its entirety. We will solicit general input, and will request that any recent research, data and <br />documentation that may be required to perform the analysis described herein be provided to us at this <br />time. You authorize us to contact the parties identified above to obtain the access we require in <br />connection with the Services and will assist us in expediting the process of obtaining that access. <br /> <br />We plan to capitalize on data, contacts and other resources made available to us by Ramsey throughout <br />the work cycle. We believe that "partnering" with you in this way will empower us to gain operating <br />efficiency, enhance effectiveness and result in a superior consultation service/product. The following <br />outlines the information we anticipate will be provided to Deloitte F AS: <br /> <br />1) Any Development Plans or Concept drawings <br /> <br />2) Any estimates of development costs that have been developed for the tract. <br /> <br />3) IRR parameters <br /> <br />4) All assembled market data relative to the tract's market and submarket. <br /> <br />5) Any development cash flow models that have been created. <br /> <br />6) All information available regarding end users. <br /> <br />Agreed Upon Procedures <br /> <br />We will apply the procedures set forth in this proposal. Our services will be for the purpose of assisting <br />Ramsey in its decision making regarding the proposed real estate development project. Our reports and <br />work products will likely include estimates of annual operating results based upon courses of action <br />Ramsey expects to take prior to and during the period under analysis. <br /> <br />Ramsey is responsible for representations about its plans and expectations, and for disclosure of <br />significant information that might affect the estimated results. There will usually be differences between <br />estimated and actual results because events and circumstances frequently do not occur as expected, and <br />those differences may be material. Should you have reservations with regard to the estimates, we will <br />discuss them with you before any report is issued. <br /> <br />Any interim work products or draft reports generated as part of the previously described Phase Two <br />analysis are solely for the internal use of Ramsey. The execution of this engagement letter indicates that <br />it is expressly understood by Ramsey that any report or work product produced in the course of the <br />engagement may not be referred to, or distributed to any other parties without our written consent. <br />Ramsey also agrees that it shall not reference Deloitte F AS or our report, in whole or in part, in any filing <br />with the Securities and Exchange Commission. <br /> <br />Deloitte Financial Advisory Services <br /> <br />Real Estate Consulting <br />