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Mr. James E. Norman <br />January 6, 2003 <br />Page 6 <br /> <br />OPTIONAL TASK BUDGET <br />The budget for the optional land use and site planning is estimated as follow: <br /> <br />Professional <br />Services <br /> <br />KKE Architects $. · 6,400 <br />McComb Group, Ltd 3,500 <br /> Total $ 9,900 <br /> <br />Expenses <br />$ 600' <br /> 250 <br /> <br />$ 850 <br /> <br /> Total <br /> <br />$ ' 7,000 <br /> 3,750 <br />$10,750 <br /> <br />The professional fees for the services outlined, in this proposal total $9,900.. Expenses estimated <br />at $850 are to be reimbursed based on actual cost. The budget is based on the amount of time <br />required to perform the work tasks at the normal hourlY billing rates of McComb GroUpl Ltd. and <br />KKE Architects. <br /> <br />REPORT PURPOSE <br /> <br />This proposal was prepared with the understanding that the results of our work will be used by <br />the client to evaluate redevelopment potential of the TH-47 and 167th AvenUe commercial area. <br />Our report will be prepared for that purpose and will be subject t° the following qualifications: <br /> <br /> , Our analysis will not ascertain the legal and regulatory requirements applicable to this <br /> project, including zoning, other state and local government regulations, permits and <br /> licenses. No effort will be made to determine the possible effect on the proposed project <br /> of present or future federal, state or local legislation, or any environmental or ecological <br /> matters. <br /> <br /> Our report and analysis will be based on estimates, assumptiOns and other information <br /> developed from research of the market, knowledge of the industry and discuSsions with <br /> the client.. Some assumptions inevitably will not materialize and unanticipated events <br /> and circumstances may occur; therefore, actual results achieved will vary fi'om the <br /> analysis. <br /> <br /> , Our analysis will not evaluate management's effectiveness 0r be responsible for future <br /> marketing efforts and other management actions upon Which actual results are dependent, <br /> <br /> , Our report will be intended solely for the purpose described above and should'not be used <br /> for any other purpose without' our prior written permission. Permission for other use of <br /> the report will be granted only upon meeting company standards for the proposed use. <br /> <br />These qualifications will be included in our final' reportl If the report, is used. for purposes other <br />than specified above, we reserve the right to review the materials for proper, use of our work. <br /> <br />-1.11 - <br /> <br /> <br />