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Date <br />3. Third party expenses such as sub - consultant fees, event registrations, <br />memberships, third party services, and other similar expenses. Said <br />expenses shall be approved by Owner prior to expenditure. <br />F. Invoicing and Owner Payment <br />An initial retainer of fifteen thousand dollars ($15,000) shall be made upon execution <br />of this Agreement and is minimum payment under this Agreement. Said retainer <br />shall be credited to Landform's account and applied to the final invoice of the initial <br />twclvc month phacccontract period. <br />Landform shall invoice Owner for services rendered that month, or for Incentive <br />Compensation becoming due, with the Administrative Compensation payment due <br />within 30 days of the invoice date. Accounts unpaid 30 days after the invoice date <br />will be subject to a monthly service charge of 1.5% on the then unpaid balance. <br />ARTICLE V. FORM OF CONTRACT: <br />The attached Terms and Conditions Exhibit C are incorporated by reference and are <br />an integral component of this contract. <br />Landform agrees to perform the Services <br />described in this Proposal under the terms as <br />outlined, subject to the terms and conditions <br />of the Purchase of Services Agreement of <br />even date to which this proposal is attached <br />as Schedule A. <br />Darren B. Lazan <br />President <br />1 Ramsey -2011 DM Agreement 1 9 2010 13 <br />The HRA accepts the scope, terms and <br />conditions outlined in this Proposal and <br />instructs Landform to perform the <br />Services as outlined, subject, to the <br />terms and conditions of the Purchase of <br />Services Agreement of even date to <br />which this proposal is attached as <br />Schedule A. <br />Housing and Redevelopment <br />Authority (HRA) of the City of Ramsey, <br />Minnesota <br />By: <br />Its Chairperson <br />ATTEST: <br />By: <br />Its Executive Director <br />