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Mr. David M. Childs <br />• June 2, 1982 <br />Page 3 <br />and private individuals and corporations in Minnesota and throughout <br />the United States. Will handle fixture and leasehold appraisals. <br />Review Appraisals: Donald Hennessy <br />3301 - 46th Avenue North <br />Robbinsdale, Minnesota 55422 <br />Has served as an appraiser for the Minneapolis Community <br />Development Agency and the Minneapolis Housing and <br />Redevelopment Authority for over 18 years. Will handle review <br />appraisals. <br />Is the cost included in the fees as presented? <br />No. Same rationale as highlighted in 2(a) above. <br />(d) Who will be responsible for handling preparation of contracts? <br />Redevelopment contracts would be handled primarily by John C. <br />Utley, staff attorney for the firm of Holmes do Graven. <br />is <br />Is the cost included in the fees as presented? <br />Yes. Under Phase IV retainer. <br />(e) Who will be responsible for handling matters connected with thelbond <br />sale? <br />Primarily James S. Holmes and John 0. Utley, attorneys, Holmes be <br />Graven. <br />Is the cost included in the fees as presented? <br />No. If the firm of Holmes & Graven acts in the capacity of bond <br />counsel to the City, the fees will be negotiated, taking into <br />consideration such factors as amount and complexity of issue, time <br />expended, risk associated with the rendering of an unqualified <br />approving opinion, and manner of sale. <br />Exhibit "A" attached hereto is the fee schedule for general <br />consulting, structuring and advising. If the work involves a specific <br />bond issue, however, we will quote a fixed fee at commencement <br />based upon the factors stated above. With respect to "pure" municipal <br />issues such as general obligation improvement bonds or tax increment <br />general obligations, where structuring financing plans, contracts, <br />negotiations, etc. is not required, this fee will be approximately $1.00 <br />• per $1,000. <br />