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Jon Sevald <br />City of Mounds View <br />April 24, 2023 <br />Page 3 <br />Deliverables <br />The deliverables for this project will include: <br />■ Draft study in PDF format to be reviewed by the city <br />■ Final study in PDF format <br />■ Final study presented to the city (in person) <br />Timing of Project <br />Provided this letter is signed by the Client and returned to LOCi Consulting LLC by June 1, 2023, the project <br />work will begin June 1, 2023, and the draft report will be delivered to the client by July 31, 2023. <br />All reviews of the draft report by the Client will be consolidated into one review document and one round of <br />review and revision is anticipated. The final report will be completed within five business days from receipt <br />of final comments from the Client. The presentation will be scheduled upon completion of the draft document. <br />Payment <br />In consideration for the services to be performed, Client agrees to pay LOCI Consulting LLC: <br />■ $16,500 <br />Fees will be due and payable following receipt of an invoice from LOCi Consulting LLC periodically <br />throughout the term of the project. Invoices will be submitted by the 5th day of the month. The invoice will <br />include the following: an invoice number, the dates covered by the invoice, and a summary of the work <br />performed. <br />If additional meeting time (in addition to the meeting outlined in the Deliverables) or research is requested <br />by the Client beyond the research set forth in the Scope of Services, this time (including preparation and <br />travel time) will be billed at LOCi Consulting LLC's normal hourly rate of $250 plus any travel expenses. <br />Materials <br />Other than the materials described below, LOCI Consulting LLC will furnish all materials and equipment used <br />to provide the services required by this Letter Agreement. <br />Client will make available to LOCI Consulting LLC, at Client's expense, the following: <br />■ Any demographic, competitive, or other data that has been collected by Client or the City of <br />Mounds View to date. <br />■ Any site studies that have been collected or completed by the Client or the City of Mounds View <br />to date. <br />Expenses <br />Overnight travel is not required for the scope of services described in this letter. However, should the scope of <br />the analysis be extended by the Client and overnight travel becomes necessary, Client will reimburse LOCi <br />