Laserfiche WebLink
NOV -03 -98 05:34 PM ZIMMERMAN/VOLK ASSOC INC 908 735 4751 P.07 <br />City of Lino Lakes <br />November 3, 1998 <br />• Information on market -rate rental communities. <br />— Year opened. <br />— Total units. <br />— Average monthly lease -up pace (for new properties). <br />— Occupancy rate. <br />— Turnover rate. <br />— Unit sizes by bedroom count. <br />— Rents by bedroom count. <br />— General renter profile. <br />— Leasing collateral material. <br />— Location or street address. <br />• Sales information on existing dwellings (Multiple Listing Service <br />summaries). <br />— Sales by price band and housing type. <br />— Days on market by price band and housing type. <br />Acceptance of this contract by the client will guarantee payment of fees and <br />reimbursement of expenses, as outlined below, in a timely fashion. <br />COSTS <br />The total cost for this program is $16,400, broken down as follows: <br />Professional Fee: $14,000 <br />Travel and Data Costs: $2,400 <br />Total Cost: $16,400 <br />Expenses are based on one, two - person research visit. Travel expenses <br />associated with additional required trips — including meeting or charrette <br />participation —have not been included in the calculation and will be billed <br />as an extra if authorized by the client. <br />BILLING, PAYMENT AND TERMINATION <br />The professional fee and costs are due as follows: <br />$8,000 upon acceptance of this agreement as an initial retainer <br />$8,400 upon receipt of the memorandum containing conclusions and <br />recommendations. <br />All payments are due as of the billing date. Payments received after 90 days <br />may be assessed a one - and -a -half percent (1.6 %) per month late payment <br />charge at the discretion of ZIMMERMAN /VOLK ASSOCIATES. <br />Page 6 <br />ZINIM1UtA AWVOIX Ass) I, IH ?.1hC. <br />