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Mr. David M. Childs • June 2, 1982 Page 2 Agency, Von Klug and Associates, Inc., relocation consultants and the Minneapolis Housing and Redevelopment Authority. Is the cost included in the fees as presented? No. Fees, like the actual relocation costs, can in our judgment only be appropriately determined when the definite acquisition and relocation schedules have been determined. These fees, along with the estimated relocation costs, are then incorporated into the financial feasibility study and financed through the project financing method, i.e., tax increment bonds. Such fees, however, we have proposed would be billed at cost plus 5%. (b) Who will be responsible for handling acquisition activities? For the most part this will be coordinated by Mr. Lemley. The various technical elements of the process will be either by sub- contract or a staff attorney of Holmes do Graven. Is the cost included in the fees as presented? Yes, in terms of Mr. Lemley's time. The fees for sub -contract work and condemnation, if necessary, are not included. (c) Who will be responsible for handling appraisals? Subcontracts Structure and Property: ;..;;!e H. Nagell do Co., Inc. 7515 Wayzata Boulevard Minneapolis, Minnesota 55426 Contact: Lyle H. Nagell Sr., PA A nine person staff of real estate appraisers annually preparing over 1,500 reports. Property appraised throughout the state of Minnesota and 23 other states and Puerto Rico. The company has appraised property for the state of Minnesota, housing and redevelopment authorities, national mortgage corporations, banks and corporations. Fixtures: Patchin Appraisals 4444 West 78th Street Bloomington, Minnesota 55435 Contact: Wayne Nelson • The firm handles all aspects of real property valuation and the valuation of fixtures. The firm has represented government agencies