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• Pam Sheldon February 28, 1997 Page 2 easement and (d) waived further compensation in the proceeding. The stipulation is contingent upon the granting of consent to the easement by Great West Life and Annuity Insurance Company (the mortgagee) and City Council approval. The form of easement attached to the stipulation is acceptable to me and I recommend City Council approval of the stipulation and easement. A copy of the stipulation and attached easement are enclosed herewith for your information. We have been advised that Great West has approved the form of the stipulation and easement However, I have not actually received the written consent document from Great West. If the City Council approval is granted, if the Great West consent is given, and if I am authorized to do so, the next step in the proceeding would be to obtain a stipulated award from the court appointed commissioners in accordance with the stipulation between the City and Moundsview Square Associates, LLP. The cost of obtaining the award would probably be approximately as follows: I. Condemnation commissioners fees of $450 to $900 (depending on whether the commissioners axe content to enter the award on the basis of a single hearing • rather then deciding at the first hearing that it is necessary to hold a second hearing and give written notice of the second hearing to all the patties, and whether the commissioners insist upon filing the award themselves, rather then letting me do so; given the opportunity to do so,I would propose to prevail on the commissioners to permit me to expedite these proceedings by personally giving notice to all parties of the first hearing and asking the Commissioners to permit me to record the award). 2. Attorneys fees payable to Kennedy&Graven of$1,000 to$2,000 (estimated cost to complete the proceeding). 3. Recording fees of$20 to $50 (to record final certificate, easement and discharge of Us pendens). Total: $1,500 to $3,000 The following is the estimated cost of discontinuing the condemnation proceeding, in the event the Council elects to proceed in that manner: 1. Attorneys fees payable to Kennedy & Graven of$1,000 to $2,500. 2. Reimbursement to owner for attorneys fees of$1,500 to $3,000. 3. Recording fees of$20 to $50 (to file discharge of lis pendens): • Total: $2,500 to $5,500 10118507 MU125-59 St/E 30'dd OtESLEEZt9=13I N3AV210 V AQ3NN351,WO2[d Z0= t t GS-AZ-Sad