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Consultant Fee for Professional Expenses Total Fee for <br /> Services · Services <br />Associated Retail - <br /> $75,000 $15,000 $9o,oOo <br />Consulting <br />Maxfield Research, $18,640 $500 $19,140 <br />Inc. <br />McComb Group, $-18,200 $2,500 $20,700 ' <br />Ltd. ' ' <br /> <br />Recommendation <br /> <br />Two firms provided competitive proposals. They include Maxfield.Research, Inc.' <br />and'the McComb Group Ltd: The City of'Ramsey has had past experience with <br />the McComb Group, Ltd. This is the same firm that completed the retail trade <br />analysis for Ramsey Town Center. <br /> <br />The primary differences that eXist between these two firms are in the areas of <br />cost and experience of the individuals assigned to the project. In terms of. cost, <br />the McComb Group, Ltd. has the lowest base Fee for Professional~ Services. <br />Their cost is $440 lower than the fee proposed by Maxfield Research, 'Inc. <br />Maxfield on the other hand is proposing a lower fee for expenses. Expenses are <br />an item that can be managed and can be negotiated prior to the execution of any <br />agreement. <br /> <br />Experience is probably where the primary differences exist. Both firms. have a <br />solid reputation. However, the McComb Group. is Probably more Widely known <br />for having the most retail experience. The ~McComb GrouP~ LTD is a full service <br />retail and real estate consulting firm specializing in market research and financial <br />feasibility. The firm has extensive experience in the retail industry and has <br />conducted market research'for retail stores and shopping centers of all types <br />including regional malls, community centers and specialty centers. James <br />McComb, President, founded-the company in' 1974 following six years as a <br />member of the corporate staff of Dayton HudsOn Corporation. Other keY <br />individuals assigned to this project include William Gorton with over 25 years of <br />retail experience and Linda Oie, a market' researcher and employee of. Super <br />Value. It should be noted that Ms. Oie waS raised in-the City of'RamSey and is <br />very familiar with the area, culture and specific site to be studied.' <br /> <br />Maxfield Research, Inc. has eXperience:in retail haVing CondUcted studies in the <br />cities, of Minneapolis, Elk River and Anoka to name a few. People being assigned <br />to the project include Mary Bujold, President, Jay Thompson, Senior Research <br />Analyst and Laurie Shives, Research Analyst. The people assigned to the <br /> <br />· Page 3 <br /> <br />-211- <br /> <br /> <br />