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I <br /> I <br /> I <br />'1 <br /> I <br /> I <br />I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ! <br /> <br />Mr. James Norman, City Administrator <br />Ci.ty of Ramsey <br /> <br />February 21, 2003 <br /> <br />A draft copy of the full final report will be provide to the Client for review prior to delivery of- <br />the final report. The f'mal.report will be presented in bound report format and will essentially be <br />a full retail market feasibility study that would be suitable for lender review. <br /> <br />COMPLETION TIMEFRAME <br /> <br />The delivery of a full draft report would be completed within Ninety (90)days from the date of <br />authorization to proceed with the analysis. Authorization to proceed will require the execution <br />of a formal contract agreement between Maxfield Research Inc. and the authorizing Client <br />group. The delivery of a final report to the Client group would occur shortly after receiving final <br />comments and revisions to the draft report: Our turnaround on delivery of a final report is <br />typically one week to two. weeks. <br /> <br />The 90-day timeframe assumes that ·meetings with the Client-group will occur ina timely manner <br />and that the project will not be substantively delayed pending completion of these meetings. If <br />substantial delays occur in scheduling of meetings with the Client group, the timefi:ame for <br />completion of the draft report may be delayed. <br /> <br />A proposed completion timeframe is outlined in the attached spreadsheet. <br /> <br />PROJECT MANAGER <br /> <br />Mary Bujold, President of Maxfield Research Inc. will serve as Project Manager for this study. <br />Mary will oversee the work program and review all work completed for the project. She will <br />participate in all key meetings with the Client group. Ms. Bujold has worked extensively with a <br />variety of commercial repositioning and redevelopment projects in urban, and suburban areas <br />including major Corridor analyses, specific site redevelopment projects and 'extensive Downtown <br />· revitalization analyses. <br /> <br />RESEARCH STAFF <br /> <br />Mr. Jay Thompson, Senior Research Analyst with Maxfield Research Inc. will'serve as the <br />prinicipal research analyst for the project, providing the majority of the analysis of findings'and <br />directing the work of other research staff. Mr. Thompson will be responsible for conducting all <br />field.work associated· with .the project, including, interviews and compiling all written documents <br />for the project. Mr. Thompson has. been the pr/ncipal research-analyst for' commercial studies, for <br />the communities of Elk River, Jordan;' Rosemount, and most recentI'y, for Long Lake: <br /> <br />Ms. Laurie Shives, Research. Analyst, with'Maxfield Research Inc. will provide data gathering <br />services for this project. Ms. SI'fives will be.responsible for providing the demographic analysis <br />and' gathering base market information for the project. Ms. Shives.was previousl,, with Super <br /> <br />Maxfield Research Inc. <br /> <br />8 <br /> <br /> -229- <br /> <br /> <br />