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Mr. David Childs <br /> 2 June 1982 Page Three <br /> Northwest will also minimize the appraiser's work by collecting all <br /> project property information and measurements necessary for the value <br /> analysis. All of Northwest's contributions to the appraisal work were <br /> contained in the fees presented. The specific costs of appraisals were <br /> not provided due, again, to the uncertainty of the extent and number <br /> of parcels and buildings included in this first phase of effort. <br /> (2) (d) Who will be responsible for handling preparation of contracts? <br /> Is the cost included in the fees as presented? <br /> Response: <br /> Based upon past experience and examples from current or recently <br /> completed projects, Northwest will assume responsibility for the <br /> preparation of development contracts. As Northwest and specifically <br /> Daniel Wilson, will be involved in property as well as developer <br /> negotiation, minimal confusion and expense will result if we under- <br /> take the initial preparation of contract documents. The Dorsey firm <br /> or other legal counsel selected by the HRA would then be expected <br /> to finalize the agreements. <br /> Northwest's time and expenses for this task have been included in the <br /> • budget presented as part of our 4 May 1982 proposal . <br /> (2) (e) Who will be responsible for handling matters connected with <br /> the bond sale? Is the cost included in the fees as presented? <br /> Response: <br /> An HRA selected underwriter will be responsible for the sale of bonds. <br /> Cost for this service has not been included in the fees proposed by <br /> Northwest. Note should be made, however, that if the bond sale is <br /> $300,000 or less it is considered a negotiated issue and the costs of <br /> the sale are passed along and made part of the sale. <br /> To minimize potential costs, Northwest would prepare and supply the <br /> underwriter with all necessary background information. Northwest's <br /> services in this regard are covered in the budget and fees which <br /> have been submitted. <br /> (2) (f) Who will be responsible for handling legal work? Is the. cost <br /> included in the fees as presented? <br /> Response: <br /> Northwest's proposal assumes that the City's/HRA's present legal counsel , <br /> the Dorsey organization, will be responsible for the limited legal work <br /> which is envisioned as part of the project. Northwest has previously <br />